Can I retire at age 74 with 739,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$61,026$60,482$59,952$59,434$58,929$58,681
2 years$30,211$29,648$29,103$28,574$28,061$27,811
3 years$19,941$19,375$18,832$18,308$17,803$17,558
4 years$14,806$14,243$13,705$13,190$12,697$12,459
5 years$11,727$11,167$10,635$10,131$9,652$9,422
6 years$9,674$9,118$8,595$8,102$7,638$7,416
7 years$8,209$7,658$7,142$6,661$6,211$5,998
8 years$7,110$6,564$6,057$5,588$5,153$4,948
9 years$6,256$5,715$5,217$4,759$4,340$4,143
10 years$5,573$5,038$4,548$4,103$3,698$3,509
11 years$5,015$4,485$4,004$3,571$3,180$3,000
12 years$4,550$4,025$3,554$3,132$2,756$2,584
13 years$4,157$3,638$3,175$2,765$2,403$2,239
14 years$3,820$3,307$2,853$2,454$2,106$1,950
15 years$3,529$3,021$2,576$2,189$1,855$1,706
16 years$3,274$2,771$2,335$1,960$1,639$1,497
17 years$3,049$2,552$2,125$1,761$1,453$1,319
18 years$2,850$2,358$1,940$1,587$1,292$1,164
19 years$2,672$2,186$1,776$1,434$1,152$1,031
20 years$2,512$2,031$1,630$1,299$1,029$914
21 years$2,367$1,892$1,499$1,179$921$812
22 years$2,235$1,766$1,382$1,072$825$723
23 years$2,116$1,652$1,276$976$741$644
24 years$2,006$1,548$1,180$890$666$574
25 years$1,905$1,452$1,093$813$599$513
26 years$1,812$1,365$1,013$743$540$458
27 years$1,727$1,285$941$680$487$410
28 years$1,647$1,210$875$623$439$367
29 years$1,573$1,142$814$572$396$329
30 years$1,504$1,078$758$525$358$295
31 years$1,440$1,019$707$482$324$264
32 years$1,380$965$660$443$293$237
33 years$1,323$913$616$407$265$213
34 years$1,270$866$575$375$240$191
35 years$1,221$821$538$345$217$172
36 years$1,174$779$503$318$197$154
37 years$1,129$740$471$293$179$139
38 years$1,088$704$441$270$162$125
39 years$1,048$669$413$249$147$112
40 years$1,010$636$387$229$133$101
41 years$975$606$363$212$121$91
42 years$941$577$341$195$110$82
43 years$909$550$320$180$99$73
44 years$878$524$300$167$90$66
45 years$849$500$282$154$82$59
46 years$821$477$265$142$74$54
47 years$794$455$249$131$68$48
48 years$769$434$234$121$61$43
49 years$745$415$220$112$56$39
50 years$722$396$206$104$51$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $739,000, adding $3,648 every year, while hoping to spend $29,386 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 44/28/28 Blend
73$739,000$739,000$739,000$739,000
74$818,141$778,974$767,519$847,349
75$870,325$785,877$761,965$875,454
76$926,847$792,134$755,239$902,818
77$988,118$797,681$747,273$931,921
78$1,054,590$802,452$737,991$962,939
79$1,126,763$806,376$727,317$996,071
80$1,205,181$809,378$715,172$1,031,537
81$1,290,448$811,376$701,469$1,069,581
82$1,383,227$812,286$686,120$1,110,474
83$1,484,245$812,016$669,034$1,154,515
84$1,594,304$810,472$650,113$1,202,037
85$1,714,287$807,549$629,256$1,253,410
86$1,845,166$803,141$606,358$1,309,040
87$1,988,009$797,131$581,307$1,369,382
88$2,143,994$789,397$553,988$1,434,936
89$2,314,414$779,811$524,280$1,506,257
90$2,500,697$768,235$492,056$1,583,960
91$2,704,413$754,523$457,185$1,668,725
92$2,927,290$738,521$419,527$1,761,307
93$3,171,232$720,067$378,940$1,862,537
94$3,438,334$698,987$335,271$1,973,338
95$3,730,906$675,099$288,364$2,094,731
96$4,051,488$648,209$238,054$2,227,843
97$4,402,881$618,113$184,170$2,373,922
98$4,788,168$584,593$126,533$2,534,347
99$5,210,743$547,420$64,954$2,710,644
100$5,674,349$506,353$0$2,904,499