Can I retire at age 74 with 371,000?

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 $371,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$30,637$30,364$30,098$29,838$29,584$29,058
2 years$15,167$14,884$14,611$14,345$14,088$13,560
3 years$10,011$9,727$9,454$9,191$8,938$8,424
4 years$7,433$7,150$6,880$6,622$6,375$5,879
5 years$5,887$5,606$5,339$5,086$4,846$4,370
6 years$4,857$4,578$4,315$4,067$3,834$3,379
7 years$4,121$3,844$3,586$3,344$3,118$2,683
8 years$3,569$3,295$3,041$2,805$2,587$2,172
9 years$3,141$2,869$2,619$2,389$2,179$1,784
10 years$2,798$2,529$2,283$2,060$1,856$1,481
11 years$2,518$2,251$2,010$1,793$1,596$1,240
12 years$2,284$2,021$1,784$1,572$1,383$1,046
13 years$2,087$1,826$1,594$1,388$1,206$887
14 years$1,918$1,660$1,432$1,232$1,058$756
15 years$1,772$1,516$1,293$1,099$931$647
16 years$1,644$1,391$1,172$984$823$555
17 years$1,531$1,281$1,067$884$730$478
18 years$1,431$1,184$974$797$649$412
19 years$1,341$1,097$892$720$578$356
20 years$1,261$1,020$818$652$517$308
21 years$1,188$950$753$592$462$267
22 years$1,122$887$694$538$414$232
23 years$1,062$829$640$490$372$201
24 years$1,007$777$592$447$334$175
25 years$956$729$549$408$301$152
26 years$910$685$509$373$271$133
27 years$867$645$472$342$244$116
28 years$827$608$439$313$220$101
29 years$790$573$409$287$199$88
30 years$755$541$381$263$180$77
31 years$723$512$355$242$163$67
32 years$693$484$331$222$147$59
33 years$664$459$309$204$133$51
34 years$638$435$289$188$121$45
35 years$613$412$270$173$109$39
36 years$589$391$253$159$99$34
37 years$567$372$236$147$90$30
38 years$546$353$221$135$81$26
39 years$526$336$207$125$74$23
40 years$507$320$194$115$67$20
41 years$489$304$182$106$61$17
42 years$472$290$171$98$55$15
43 years$456$276$161$91$50$13
44 years$441$263$151$84$45$12
45 years$426$251$141$77$41$10
46 years$412$239$133$71$37$9
47 years$399$228$125$66$34$8
48 years$386$218$117$61$31$7
49 years$374$208$110$56$28$6
50 years$362$199$104$52$25$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $371,000, adding $4,978 every year, while hoping to spend $22,875 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: 51/42/7 Blend
73$371,000$371,000$371,000$371,000
74$413,977$394,314$388,563$434,116
75$431,864$389,296$377,241$443,348
76$450,808$383,266$364,773$450,494
77$470,894$376,150$351,097$457,717
78$492,213$367,869$336,147$465,030
79$514,866$358,342$319,854$472,448
80$538,961$347,479$302,148$479,988
81$564,618$335,189$282,953$487,671
82$591,969$321,373$262,192$495,523
83$621,157$305,927$239,783$503,573
84$652,340$288,742$215,640$511,854
85$685,689$269,702$189,675$520,406
86$721,396$248,683$161,795$529,274
87$759,665$225,556$131,902$538,511
88$800,726$200,183$99,896$548,178
89$844,828$172,420$65,670$558,342
90$892,244$142,112$29,114$569,082
91$943,276$109,099$0$580,488
92$998,255$73,209$0$593,401
93$1,057,542$34,261$0$609,565
94$1,121,536$0$0$626,944
95$1,190,676$0$0$649,362
96$1,265,442$0$0$690,758
97$1,346,365$0$0$735,594
98$1,434,024$0$0$784,196
99$1,529,060$0$0$836,923
100$1,632,176$0$0$894,169