Can I retire at age 74 with 380,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$31,380$31,101$30,828$30,562$30,302$29,509
2 years$15,535$15,245$14,965$14,693$14,429$13,636
3 years$10,254$9,963$9,683$9,414$9,155$8,386
4 years$7,614$7,324$7,047$6,782$6,529$5,791
5 years$6,030$5,742$5,469$5,209$4,963$4,257
6 years$4,975$4,689$4,420$4,166$3,927$3,254
7 years$4,221$3,938$3,673$3,425$3,194$2,554
8 years$3,656$3,375$3,115$2,873$2,650$2,042
9 years$3,217$2,939$2,683$2,447$2,231$1,656
10 years$2,866$2,590$2,339$2,110$1,901$1,357
11 years$2,579$2,306$2,059$1,836$1,635$1,122
12 years$2,340$2,070$1,827$1,610$1,417$933
13 years$2,138$1,871$1,633$1,422$1,236$780
14 years$1,964$1,700$1,467$1,262$1,083$656
15 years$1,815$1,553$1,324$1,126$954$553
16 years$1,684$1,425$1,201$1,008$843$467
17 years$1,568$1,312$1,093$906$747$396
18 years$1,466$1,213$997$816$665$336
19 years$1,374$1,124$913$737$592$286
20 years$1,291$1,044$838$668$529$244
21 years$1,217$973$771$606$473$208
22 years$1,149$908$710$551$424$178
23 years$1,088$849$656$502$381$152
24 years$1,031$796$607$458$342$130
25 years$980$747$562$418$308$111
26 years$932$702$521$382$278$95
27 years$888$661$484$350$250$82
28 years$847$622$450$321$226$70
29 years$809$587$419$294$204$60
30 years$774$555$390$270$184$51
31 years$740$524$364$248$167$44
32 years$710$496$339$228$151$38
33 years$681$470$317$209$136$32
34 years$653$445$296$193$123$28
35 years$628$422$277$177$112$24
36 years$604$401$259$163$101$21
37 years$581$381$242$150$92$18
38 years$559$362$227$139$83$15
39 years$539$344$213$128$75$13
40 years$520$327$199$118$68$11
41 years$501$312$187$109$62$10
42 years$484$297$175$100$56$8
43 years$467$283$164$93$51$7
44 years$451$269$154$86$46$6
45 years$436$257$145$79$42$5
46 years$422$245$136$73$38$4
47 years$409$234$128$67$35$4
48 years$395$223$120$62$32$3
49 years$383$213$113$58$29$3
50 years$371$204$106$53$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $380,000, adding $3,678 every year, while hoping to spend $26,103 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: 80/13/7 Blend
73$380,000$380,000$380,000$380,000
74$422,554$402,414$396,524$455,745
75$437,881$394,359$382,034$469,961
76$453,897$385,034$366,184$481,741
77$470,643$374,350$348,900$493,879
78$488,167$362,212$330,107$506,398
79$506,519$348,518$309,724$519,321
80$525,752$333,164$287,668$532,677
81$545,925$316,035$263,851$546,495
82$567,101$297,013$238,182$560,808
83$589,351$275,972$210,567$575,655
84$612,749$252,779$180,905$591,075
85$637,378$227,293$149,093$607,115
86$663,325$199,365$115,023$623,824
87$690,688$168,838$78,580$641,259
88$719,573$135,546$39,647$659,483
89$750,095$99,314$0$678,562
90$782,380$59,955$0$698,717
91$816,565$17,275$0$723,059
92$852,800$0$0$748,728
93$891,248$0$0$779,977
94$932,089$0$0$815,802
95$975,519$0$0$853,903
96$1,021,752$0$0$894,469
97$1,071,022$0$0$937,707
98$1,123,588$0$0$983,844
99$1,179,729$0$0$1,033,127
100$1,239,756$0$0$1,085,829