Can I retire at age 74 with 309,000?

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 $309,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$25,517$25,290$25,068$24,851$24,640$24,242
2 years$12,632$12,397$12,169$11,948$11,733$11,333
3 years$8,338$8,101$7,874$7,655$7,444$7,055
4 years$6,191$5,955$5,730$5,515$5,309$4,933
5 years$4,903$4,669$4,447$4,236$4,036$3,675
6 years$4,045$3,813$3,594$3,388$3,194$2,847
7 years$3,432$3,202$2,986$2,785$2,597$2,266
8 years$2,973$2,745$2,533$2,336$2,155$1,839
9 years$2,616$2,390$2,181$1,990$1,815$1,514
10 years$2,330$2,106$1,902$1,715$1,546$1,260
11 years$2,097$1,875$1,674$1,493$1,330$1,058
12 years$1,903$1,683$1,486$1,310$1,152$894
13 years$1,738$1,521$1,328$1,156$1,005$761
14 years$1,597$1,383$1,193$1,026$881$650
15 years$1,476$1,263$1,077$915$776$557
16 years$1,369$1,159$976$820$685$480
17 years$1,275$1,067$889$736$608$414
18 years$1,192$986$811$664$540$358
19 years$1,117$914$743$600$482$310
20 years$1,050$849$681$543$430$269
21 years$990$791$627$493$385$234
22 years$935$738$578$448$345$204
23 years$885$691$533$408$310$178
24 years$839$647$493$372$278$155
25 years$797$607$457$340$251$135
26 years$758$571$424$311$226$118
27 years$722$537$393$285$203$103
28 years$689$506$366$261$184$90
29 years$658$477$340$239$166$79
30 years$629$451$317$219$150$69
31 years$602$426$296$201$135$61
32 years$577$403$276$185$123$53
33 years$553$382$258$170$111$47
34 years$531$362$241$157$100$41
35 years$510$343$225$144$91$36
36 years$491$326$210$133$82$31
37 years$472$310$197$122$75$28
38 years$455$294$184$113$68$24
39 years$438$280$173$104$61$21
40 years$422$266$162$96$56$19
41 years$408$253$152$89$51$16
42 years$393$241$142$82$46$14
43 years$380$230$134$75$42$13
44 years$367$219$125$70$38$11
45 years$355$209$118$64$34$10
46 years$343$199$111$59$31$8
47 years$332$190$104$55$28$7
48 years$322$182$98$51$26$7
49 years$311$173$92$47$23$6
50 years$302$166$86$43$21$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $309,000, adding $4,100 every year, while hoping to spend $20,176 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: 34/39/27 Blend
73$309,000$309,000$309,000$309,000
74$344,747$328,370$323,581$353,537
75$358,444$322,993$312,953$355,119
76$372,862$316,677$301,294$354,726
77$388,053$309,353$288,547$353,908
78$404,074$300,951$274,653$352,641
79$420,988$291,395$259,551$350,902
80$438,860$280,605$243,178$348,663
81$457,766$268,497$225,467$345,901
82$477,786$254,981$206,348$342,589
83$499,008$239,963$185,748$338,701
84$521,528$223,342$163,592$334,210
85$545,451$205,013$139,799$329,092
86$570,892$184,864$114,287$323,320
87$597,977$162,776$86,970$316,869
88$626,844$138,625$57,756$309,714
89$657,642$112,278$26,552$301,831
90$690,539$83,597$0$293,198
91$725,714$52,433$0$285,738
92$763,366$18,632$0$285,777
93$803,713$0$0$285,671
94$846,994$0$0$293,153
95$893,470$0$0$309,804
96$943,429$0$0$327,737
97$997,188$0$0$347,068
98$1,055,092$0$0$367,927
99$1,117,522$0$0$390,455
100$1,184,896$0$0$414,809