Can I retire at age 74 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$35,592$35,275$34,965$34,663$34,369$33,855
2 years$17,620$17,291$16,973$16,665$16,366$15,850
3 years$11,630$11,300$10,983$10,677$10,383$9,880
4 years$8,635$8,307$7,993$7,693$7,405$6,920
5 years$6,839$6,513$6,203$5,909$5,629$5,162
6 years$5,642$5,318$5,013$4,725$4,454$4,007
7 years$4,787$4,466$4,166$3,885$3,623$3,194
8 years$4,147$3,828$3,533$3,259$3,005$2,596
9 years$3,649$3,333$3,043$2,776$2,531$2,141
10 years$3,250$2,938$2,653$2,393$2,156$1,785
11 years$2,925$2,616$2,335$2,082$1,855$1,502
12 years$2,654$2,348$2,073$1,827$1,607$1,272
13 years$2,424$2,122$1,852$1,613$1,401$1,084
14 years$2,228$1,928$1,664$1,431$1,229$928
15 years$2,058$1,762$1,502$1,277$1,082$798
16 years$1,909$1,616$1,362$1,143$956$688
17 years$1,779$1,489$1,239$1,027$848$595
18 years$1,662$1,375$1,131$926$754$516
19 years$1,558$1,275$1,036$836$672$448
20 years$1,465$1,185$951$757$600$390
21 years$1,380$1,103$874$687$537$340
22 years$1,304$1,030$806$625$481$296
23 years$1,234$963$744$569$432$259
24 years$1,170$903$688$519$388$226
25 years$1,111$847$637$474$349$198
26 years$1,057$796$591$434$315$174
27 years$1,007$749$549$397$284$152
28 years$961$706$510$364$256$133
29 years$917$666$475$333$231$117
30 years$877$629$442$306$209$103
31 years$840$595$412$281$189$90
32 years$805$563$385$258$171$79
33 years$772$533$359$238$155$70
34 years$741$505$336$219$140$61
35 years$712$479$314$201$127$54
36 years$685$455$294$185$115$47
37 years$659$432$275$171$104$42
38 years$634$410$257$157$94$36
39 years$611$390$241$145$86$32
40 years$589$371$226$134$78$28
41 years$568$353$212$123$70$25
42 years$549$337$199$114$64$22
43 years$530$321$186$105$58$19
44 years$512$306$175$97$53$17
45 years$495$291$164$90$48$15
46 years$479$278$154$83$43$13
47 years$463$265$145$77$39$12
48 years$449$253$136$71$36$10
49 years$434$242$128$65$33$9
50 years$421$231$120$60$30$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $431,000, adding $2,231 every year, while hoping to spend $42,991 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: 66/5/29 Blend
73$431,000$431,000$431,000$431,000
74$477,263$454,420$447,740$504,969
75$480,202$430,945$416,997$500,480
76$482,000$404,878$383,783$490,580
77$482,494$376,048$347,971$478,812
78$481,507$344,272$309,426$464,996
79$478,837$309,358$268,008$448,935
80$474,263$271,101$223,571$430,413
81$467,540$229,288$175,963$409,196
82$458,396$183,690$125,025$385,025
83$446,530$134,067$70,590$357,618
84$431,606$80,167$12,485$326,669
85$413,255$21,720$0$291,838
86$391,067$0$0$268,082
87$364,590$0$0$247,077
88$333,322$0$0$223,765
89$296,707$0$0$196,546
90$254,134$0$0$164,975
91$204,924$0$0$128,558
92$148,328$0$0$86,749
93$83,518$0$0$38,946
94$9,579$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0