Can I retire at age 74 with 402,000?

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 $402,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$33,197$32,901$32,613$32,331$32,056$31,447
2 years$16,434$16,128$15,831$15,544$15,265$14,654
3 years$10,847$10,540$10,244$9,959$9,685$9,091
4 years$8,054$7,748$7,455$7,175$6,907$6,335
5 years$6,379$6,074$5,785$5,511$5,251$4,701
6 years$5,263$4,960$4,675$4,407$4,155$3,629
7 years$4,465$4,166$3,885$3,623$3,379$2,877
8 years$3,868$3,571$3,295$3,040$2,803$2,325
9 years$3,403$3,109$2,838$2,589$2,361$1,906
10 years$3,032$2,740$2,474$2,232$2,011$1,579
11 years$2,728$2,440$2,178$1,942$1,730$1,320
12 years$2,475$2,190$1,933$1,704$1,499$1,111
13 years$2,261$1,979$1,727$1,504$1,307$941
14 years$2,078$1,799$1,552$1,335$1,146$800
15 years$1,920$1,643$1,401$1,191$1,009$683
16 years$1,781$1,508$1,270$1,066$892$585
17 years$1,659$1,388$1,156$958$791$502
18 years$1,550$1,283$1,055$863$703$432
19 years$1,453$1,189$966$780$627$373
20 years$1,366$1,105$887$707$560$322
21 years$1,288$1,029$815$641$501$278
22 years$1,216$961$752$583$449$241
23 years$1,151$898$694$531$403$209
24 years$1,091$842$642$484$362$181
25 years$1,036$790$594$442$326$157
26 years$986$742$551$404$294$137
27 years$939$699$512$370$265$119
28 years$896$658$476$339$239$103
29 years$856$621$443$311$216$90
30 years$818$587$413$285$195$78
31 years$783$555$385$262$176$68
32 years$751$525$359$241$159$59
33 years$720$497$335$222$144$52
34 years$691$471$313$204$131$45
35 years$664$447$293$188$118$39
36 years$638$424$274$173$107$34
37 years$614$403$256$159$97$30
38 years$592$383$240$147$88$26
39 years$570$364$225$135$80$23
40 years$550$346$211$125$72$20
41 years$530$330$198$115$66$17
42 years$512$314$185$106$60$15
43 years$494$299$174$98$54$13
44 years$478$285$163$91$49$11
45 years$462$272$153$84$45$10
46 years$447$259$144$77$40$9
47 years$432$247$135$71$37$8
48 years$418$236$127$66$33$7
49 years$405$226$119$61$30$6
50 years$392$216$112$56$28$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $402,000, adding $2,775 every year, while hoping to spend $21,384 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: 67/28/5 Blend
73$402,000$402,000$402,000$402,000
74$445,866$424,560$418,329$475,280
75$468,592$422,611$409,591$493,181
76$492,920$419,850$399,843$509,888
77$518,989$416,215$389,030$527,571
78$546,955$411,638$377,091$546,322
79$576,987$406,051$363,966$566,243
80$609,271$399,378$349,590$587,444
81$644,010$391,542$333,896$610,051
82$681,430$382,459$316,812$634,201
83$721,777$372,040$298,266$660,047
84$765,320$360,191$278,179$687,755
85$812,357$346,815$256,473$717,513
86$863,214$331,806$233,062$749,527
87$918,251$315,054$207,858$784,025
88$977,862$296,441$180,771$821,258
89$1,042,481$275,843$151,703$861,506
90$1,112,584$253,129$120,555$905,078
91$1,188,697$228,162$87,223$952,314
92$1,271,395$200,793$51,597$1,003,593
93$1,361,315$170,870$13,563$1,059,332
94$1,459,154$138,227$0$1,119,991
95$1,565,681$102,693$0$1,187,524
96$1,681,741$64,086$0$1,261,919
97$1,808,264$22,212$0$1,343,081
98$1,946,275$0$0$1,431,707
99$2,096,900$0$0$1,535,693
100$2,261,380$0$0$1,656,741