Can I retire at age 74 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$63,916$63,347$62,791$62,249$61,720$61,382
2 years$31,642$31,052$30,481$29,928$29,390$29,050
3 years$20,885$20,293$19,723$19,175$18,646$18,313
4 years$15,508$14,918$14,354$13,814$13,299$12,976
5 years$12,282$11,696$11,139$10,611$10,110$9,798
6 years$10,132$9,550$9,002$8,486$7,999$7,699
7 years$8,597$8,020$7,481$6,976$6,506$6,217
8 years$7,447$6,875$6,344$5,852$5,397$5,120
9 years$6,552$5,986$5,464$4,985$4,545$4,279
10 years$5,837$5,276$4,764$4,297$3,873$3,618
11 years$5,253$4,697$4,194$3,740$3,331$3,087
12 years$4,766$4,216$3,722$3,280$2,886$2,654
13 years$4,354$3,810$3,325$2,896$2,517$2,295
14 years$4,001$3,463$2,988$2,571$2,206$1,995
15 years$3,696$3,164$2,698$2,293$1,943$1,742
16 years$3,429$2,903$2,446$2,053$1,717$1,526
17 years$3,194$2,673$2,226$1,844$1,522$1,341
18 years$2,985$2,470$2,032$1,662$1,354$1,182
19 years$2,798$2,289$1,860$1,502$1,206$1,044
20 years$2,631$2,127$1,707$1,360$1,078$924
21 years$2,479$1,981$1,570$1,235$964$819
22 years$2,341$1,850$1,447$1,122$864$727
23 years$2,216$1,730$1,336$1,022$776$646
24 years$2,101$1,621$1,236$932$697$575
25 years$1,995$1,521$1,144$851$628$513
26 years$1,898$1,430$1,061$779$565$457
27 years$1,808$1,345$986$713$510$408
28 years$1,725$1,268$916$653$460$364
29 years$1,648$1,196$853$599$415$326
30 years$1,576$1,129$794$550$375$291
31 years$1,508$1,068$740$505$339$260
32 years$1,445$1,010$691$464$307$233
33 years$1,386$957$645$427$278$209
34 years$1,331$907$603$392$251$187
35 years$1,278$860$563$361$228$168
36 years$1,229$816$527$333$206$150
37 years$1,183$775$493$307$187$135
38 years$1,139$737$462$283$170$121
39 years$1,098$701$433$261$154$108
40 years$1,058$667$406$240$139$97
41 years$1,021$635$380$222$127$87
42 years$985$604$357$205$115$78
43 years$952$576$335$189$104$70
44 years$920$549$314$174$95$63
45 years$889$523$295$161$86$57
46 years$860$499$277$149$78$51
47 years$832$476$260$137$71$46
48 years$805$455$245$127$64$41
49 years$780$434$230$117$58$37
50 years$756$415$216$108$53$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $774,000, adding $3,933 every year, while hoping to spend $26,267 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: 44/39/17 Blend
73$774,000$774,000$774,000$774,000
74$857,005$815,983$803,986$890,345
75$916,472$828,018$802,972$926,155
76$981,123$839,763$801,043$962,031
77$1,051,462$851,175$798,141$1,000,358
78$1,128,038$862,209$794,206$1,041,377
79$1,211,458$872,818$789,173$1,085,349
80$1,302,391$882,951$782,974$1,132,566
81$1,401,571$892,551$775,540$1,183,350
82$1,509,807$901,562$766,796$1,238,055
83$1,627,989$909,920$756,666$1,297,075
84$1,757,098$917,560$745,068$1,360,844
85$1,898,212$924,410$731,917$1,429,840
86$2,052,519$930,396$717,126$1,504,594
87$2,221,326$935,436$700,601$1,585,691
88$2,406,075$939,446$682,245$1,673,776
89$2,608,351$942,336$661,956$1,769,565
90$2,829,900$944,007$639,629$1,873,846
91$3,072,646$944,359$615,152$1,987,489
92$3,338,705$943,282$588,408$2,111,457
93$3,630,411$940,660$559,278$2,246,813
94$3,950,332$936,372$527,633$2,394,729
95$4,301,298$930,287$493,341$2,556,502
96$4,686,426$922,266$456,263$2,733,561
97$5,109,148$912,164$416,255$2,927,486
98$5,573,246$899,825$373,164$3,140,020
99$6,082,885$885,085$326,834$3,373,089
100$6,642,655$867,769$277,098$3,628,817