Can I retire at age 74 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$62,925$62,365$61,818$61,284$60,763$60,304
2 years$31,151$30,571$30,009$29,464$28,935$28,472
3 years$20,561$19,978$19,418$18,878$18,357$17,905
4 years$15,267$14,686$14,131$13,600$13,093$12,655
5 years$12,092$11,514$10,966$10,446$9,953$9,530
6 years$9,975$9,402$8,862$8,354$7,875$7,469
7 years$8,464$7,896$7,365$6,868$6,405$6,014
8 years$7,331$6,768$6,246$5,762$5,313$4,939
9 years$6,451$5,893$5,380$4,908$4,475$4,116
10 years$5,747$5,194$4,690$4,230$3,813$3,470
11 years$5,171$4,624$4,129$3,682$3,279$2,952
12 years$4,692$4,151$3,664$3,229$2,841$2,529
13 years$4,286$3,751$3,274$2,851$2,478$2,181
14 years$3,939$3,409$2,942$2,531$2,172$1,889
15 years$3,639$3,115$2,656$2,257$1,912$1,644
16 years$3,376$2,858$2,408$2,021$1,690$1,435
17 years$3,144$2,632$2,191$1,816$1,499$1,257
18 years$2,939$2,432$2,000$1,636$1,333$1,104
19 years$2,755$2,254$1,831$1,479$1,188$971
20 years$2,590$2,094$1,680$1,339$1,061$857
21 years$2,441$1,951$1,546$1,215$949$757
22 years$2,305$1,821$1,425$1,105$851$669
23 years$2,181$1,703$1,315$1,006$764$593
24 years$2,068$1,596$1,217$918$687$525
25 years$1,965$1,497$1,127$838$618$466
26 years$1,869$1,407$1,045$766$557$414
27 years$1,780$1,325$970$702$502$368
28 years$1,698$1,248$902$643$453$328
29 years$1,622$1,177$839$589$409$292
30 years$1,551$1,112$782$541$369$260
31 years$1,485$1,051$729$497$334$231
32 years$1,423$995$680$457$302$206
33 years$1,365$942$635$420$273$184
34 years$1,310$893$593$386$248$164
35 years$1,259$847$555$356$224$146
36 years$1,210$804$519$328$203$131
37 years$1,165$763$486$302$184$117
38 years$1,121$725$455$278$167$104
39 years$1,080$690$426$256$151$93
40 years$1,042$656$399$237$137$83
41 years$1,005$625$375$218$125$74
42 years$970$595$351$201$113$66
43 years$937$567$330$186$103$59
44 years$905$540$309$172$93$53
45 years$875$515$291$159$85$47
46 years$847$492$273$146$77$42
47 years$819$469$256$135$70$38
48 years$793$448$241$125$63$34
49 years$768$428$226$116$57$30
50 years$744$409$213$107$52$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $762,000, adding $3,256 every year, while hoping to spend $52,706 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: 68/7/25 Blend
73$762,000$762,000$762,000$762,000
74$843,083$802,697$790,886$894,787
75$872,998$785,950$761,301$913,155
76$904,199$766,616$728,960$926,903
77$936,760$744,513$693,713$940,721
78$970,762$719,447$655,405$954,615
79$1,006,294$691,215$613,875$968,596
80$1,043,451$659,599$568,955$982,674
81$1,082,335$624,371$520,467$996,864
82$1,123,057$585,289$468,226$1,011,185
83$1,165,738$542,097$412,041$1,025,658
84$1,210,508$494,525$351,710$1,040,310
85$1,257,510$442,287$287,022$1,055,171
86$1,306,898$385,080$217,759$1,070,279
87$1,358,838$322,586$143,690$1,085,676
88$1,413,513$254,466$64,577$1,101,412
89$1,471,121$180,365$0$1,117,547
90$1,531,878$99,906$0$1,139,440
91$1,596,020$12,691$0$1,180,603
92$1,663,803$0$0$1,223,951
93$1,735,506$0$0$1,275,955
94$1,811,437$0$0$1,332,081
95$1,891,928$0$0$1,391,599
96$1,977,344$0$0$1,454,783
97$2,068,084$0$0$1,521,932
98$2,164,586$0$0$1,593,370
99$2,267,325$0$0$1,669,455
100$2,376,825$0$0$1,750,578