Can I retire at age 74 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$62,760$62,201$61,656$61,123$60,603$58,617
2 years$31,069$30,491$29,930$29,386$28,859$26,876
3 years$20,507$19,926$19,367$18,828$18,309$16,393
4 years$15,227$14,648$14,094$13,565$13,058$11,223
5 years$12,060$11,484$10,937$10,419$9,927$8,177
6 years$9,949$9,378$8,839$8,332$7,855$6,192
7 years$8,442$7,875$7,345$6,850$6,388$4,813
8 years$7,312$6,751$6,229$5,746$5,299$3,810
9 years$6,434$5,878$5,365$4,895$4,463$3,058
10 years$5,732$5,181$4,678$4,219$3,803$2,480
11 years$5,157$4,612$4,118$3,672$3,270$2,027
12 years$4,679$4,140$3,655$3,221$2,834$1,668
13 years$4,275$3,741$3,265$2,844$2,471$1,379
14 years$3,929$3,400$2,934$2,524$2,166$1,145
15 years$3,629$3,106$2,649$2,251$1,907$954
16 years$3,367$2,850$2,402$2,016$1,686$796
17 years$3,136$2,625$2,185$1,811$1,495$667
18 years$2,931$2,425$1,995$1,632$1,329$559
19 years$2,748$2,248$1,826$1,475$1,185$470
20 years$2,583$2,089$1,676$1,336$1,058$395
21 years$2,434$1,946$1,542$1,212$947$333
22 years$2,299$1,816$1,421$1,102$849$280
23 years$2,176$1,699$1,312$1,004$762$236
24 years$2,063$1,592$1,213$916$685$199
25 years$1,959$1,494$1,124$836$616$168
26 years$1,864$1,404$1,042$764$555$142
27 years$1,776$1,321$968$700$500$120
28 years$1,694$1,245$900$641$452$102
29 years$1,618$1,174$837$588$408$86
30 years$1,547$1,109$780$540$368$73
31 years$1,481$1,048$727$496$333$61
32 years$1,419$992$678$455$301$52
33 years$1,361$939$633$419$273$44
34 years$1,307$890$592$385$247$37
35 years$1,255$845$553$355$224$31
36 years$1,207$802$518$327$203$27
37 years$1,161$761$484$301$184$23
38 years$1,118$724$454$277$166$19
39 years$1,078$688$425$256$151$16
40 years$1,039$655$398$236$137$14
41 years$1,002$623$374$218$124$12
42 years$968$593$350$201$113$10
43 years$934$565$329$185$102$8
44 years$903$539$309$171$93$7
45 years$873$514$290$158$84$6
46 years$844$490$272$146$77$5
47 years$817$468$256$135$70$4
48 years$791$447$240$125$63$4
49 years$766$427$226$115$57$3
50 years$742$407$212$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $760,000, adding $2,587 every year, while hoping to spend $58,621 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: 60/24/16 Blend
73$760,000$760,000$760,000$760,000
74$840,188$799,908$788,128$887,034
75$863,515$776,732$752,159$895,768
76$887,257$750,455$713,019$898,532
77$911,394$720,863$670,541$900,176
78$935,902$687,731$624,550$900,598
79$960,753$650,820$574,862$899,690
80$985,915$609,875$521,286$897,334
81$1,011,350$564,630$463,620$893,404
82$1,037,012$514,802$401,656$887,766
83$1,062,851$460,091$335,174$880,274
84$1,088,807$400,180$263,948$870,773
85$1,114,813$334,737$187,739$859,094
86$1,140,793$263,408$106,297$845,057
87$1,166,660$185,821$19,363$828,467
88$1,192,314$101,581$0$809,116
89$1,217,644$10,273$0$799,312
90$1,242,525$0$0$790,622
91$1,266,816$0$0$802,910
92$1,290,357$0$0$817,382
93$1,312,971$0$0$831,206
94$1,334,457$0$0$844,250
95$1,354,594$0$0$856,364
96$1,373,131$0$0$867,383
97$1,389,790$0$0$877,121
98$1,404,262$0$0$885,373
99$1,416,200$0$0$891,908
100$1,425,220$0$0$896,471