Can I retire at age 74 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$62,512$61,956$61,412$60,882$60,364$59,194
2 years$30,947$30,370$29,812$29,270$28,745$27,571
3 years$20,426$19,847$19,290$18,754$18,237$17,095
4 years$15,167$14,590$14,038$13,511$13,007$11,906
5 years$12,012$11,439$10,894$10,378$9,888$8,832
6 years$9,910$9,341$8,804$8,299$7,824$6,814
7 years$8,409$7,844$7,316$6,823$6,363$5,399
8 years$7,283$6,724$6,205$5,724$5,278$4,360
9 years$6,408$5,854$5,344$4,875$4,445$3,572
10 years$5,709$5,160$4,659$4,203$3,788$2,958
11 years$5,137$4,594$4,102$3,658$3,257$2,472
12 years$4,661$4,123$3,640$3,208$2,823$2,079
13 years$4,258$3,726$3,252$2,832$2,462$1,759
14 years$3,913$3,387$2,922$2,514$2,158$1,495
15 years$3,615$3,094$2,638$2,242$1,900$1,275
16 years$3,354$2,839$2,392$2,008$1,679$1,091
17 years$3,124$2,614$2,177$1,804$1,489$936
18 years$2,919$2,416$1,987$1,626$1,324$805
19 years$2,737$2,239$1,819$1,469$1,180$694
20 years$2,573$2,081$1,669$1,330$1,054$599
21 years$2,425$1,938$1,536$1,207$943$517
22 years$2,290$1,809$1,415$1,098$845$448
23 years$2,167$1,692$1,307$1,000$759$388
24 years$2,055$1,585$1,209$912$682$336
25 years$1,952$1,488$1,119$833$614$292
26 years$1,857$1,398$1,038$761$553$253
27 years$1,769$1,316$964$697$498$220
28 years$1,687$1,240$896$639$450$191
29 years$1,611$1,170$834$586$406$166
30 years$1,541$1,105$777$537$367$144
31 years$1,475$1,044$724$494$332$126
32 years$1,413$988$676$454$300$109
33 years$1,356$936$631$417$272$95
34 years$1,301$887$589$384$246$83
35 years$1,250$841$551$353$223$72
36 years$1,202$798$516$325$202$63
37 years$1,157$758$483$300$183$55
38 years$1,114$721$452$276$166$48
39 years$1,073$685$423$255$150$42
40 years$1,035$652$397$235$136$36
41 years$998$621$372$217$124$32
42 years$964$591$349$200$112$27
43 years$931$563$328$185$102$24
44 years$899$537$307$171$92$21
45 years$870$512$289$158$84$18
46 years$841$488$271$146$76$16
47 years$814$466$255$134$69$14
48 years$788$445$239$124$63$12
49 years$763$425$225$115$57$11
50 years$739$406$212$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $757,000, adding $3,400 every year, while hoping to spend $38,439 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: 39/41/20 Blend
73$757,000$757,000$757,000$757,000
74$837,721$797,600$785,867$865,281
75$882,270$795,784$771,294$883,590
76$930,074$792,590$754,946$899,468
77$981,426$787,911$736,720$915,847
78$1,036,645$781,632$716,514$932,793
79$1,096,082$773,631$694,216$950,382
80$1,160,123$763,780$669,713$968,701
81$1,229,192$751,941$642,885$987,848
82$1,303,754$737,971$613,606$1,007,937
83$1,384,321$721,716$581,746$1,029,092
84$1,471,454$703,013$547,167$1,051,459
85$1,565,772$681,690$509,727$1,075,199
86$1,667,954$657,566$469,276$1,100,495
87$1,778,746$630,447$425,658$1,127,552
88$1,898,970$600,131$378,709$1,156,603
89$2,029,528$566,401$328,259$1,187,908
90$2,171,415$529,029$274,131$1,221,759
91$2,325,723$487,775$216,137$1,258,484
92$2,493,654$442,383$154,085$1,298,449
93$2,676,531$392,585$87,772$1,342,067
94$2,875,810$338,095$16,985$1,389,796
95$3,093,094$278,612$0$1,442,150
96$3,330,144$213,819$0$1,512,198
97$3,588,903$143,380$0$1,592,767
98$3,871,507$66,941$0$1,680,991
99$4,180,307$0$0$1,777,721
100$4,517,892$0$0$1,891,061