Can I retire at age 74 with 446,000?

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 $446,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$36,830$36,502$36,182$35,870$35,565$35,019
2 years$18,233$17,893$17,564$17,245$16,936$16,387
3 years$12,034$11,693$11,365$11,049$10,745$10,210
4 years$8,936$8,596$8,271$7,960$7,663$7,147
5 years$7,077$6,739$6,419$6,114$5,825$5,329
6 years$5,839$5,503$5,187$4,890$4,609$4,134
7 years$4,954$4,622$4,311$4,020$3,749$3,294
8 years$4,291$3,962$3,656$3,372$3,110$2,676
9 years$3,776$3,449$3,149$2,872$2,619$2,205
10 years$3,364$3,040$2,745$2,476$2,232$1,838
11 years$3,027$2,707$2,417$2,155$1,919$1,545
12 years$2,746$2,429$2,145$1,890$1,663$1,308
13 years$2,509$2,195$1,916$1,669$1,450$1,114
14 years$2,306$1,996$1,722$1,481$1,271$953
15 years$2,130$1,823$1,554$1,321$1,119$819
16 years$1,976$1,673$1,409$1,183$989$705
17 years$1,840$1,540$1,282$1,063$877$610
18 years$1,720$1,423$1,171$958$780$528
19 years$1,612$1,319$1,072$865$695$458
20 years$1,516$1,226$984$784$621$399
21 years$1,428$1,142$905$711$556$347
22 years$1,349$1,066$834$647$498$303
23 years$1,277$997$770$589$447$264
24 years$1,211$934$712$537$402$231
25 years$1,150$876$659$491$362$202
26 years$1,094$824$612$449$326$177
27 years$1,042$775$568$411$294$155
28 years$994$731$528$376$265$135
29 years$949$689$491$345$239$119
30 years$908$651$458$317$216$104
31 years$869$615$427$291$195$91
32 years$833$582$398$267$177$80
33 years$799$551$372$246$160$70
34 years$767$523$347$226$145$62
35 years$737$496$325$208$131$54
36 years$708$470$304$192$119$48
37 years$682$447$284$177$108$42
38 years$656$425$266$163$98$37
39 years$632$404$249$150$89$32
40 years$610$384$234$138$80$28
41 years$588$366$219$128$73$25
42 years$568$348$206$118$66$22
43 years$548$332$193$109$60$19
44 years$530$316$181$100$54$17
45 years$512$302$170$93$49$15
46 years$495$288$160$86$45$13
47 years$479$275$150$79$41$12
48 years$464$262$141$73$37$10
49 years$449$250$133$68$34$9
50 years$435$239$125$63$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $446,000, adding $6,937 every year, while hoping to spend $25,392 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: 51/23/26 Blend
73$446,000$446,000$446,000$446,000
74$498,648$475,010$468,097$520,122
75$522,493$471,268$456,761$532,036
76$547,919$466,492$444,194$541,858
77$575,061$460,605$430,329$552,029
78$604,066$453,523$415,094$562,593
79$635,095$445,160$398,414$573,600
80$668,326$435,425$380,212$585,106
81$703,953$424,218$360,407$597,175
82$742,189$411,437$338,913$609,879
83$783,267$396,972$315,642$623,298
84$827,445$380,708$290,500$637,526
85$875,003$362,522$263,391$652,664
86$926,253$342,285$234,214$668,827
87$981,532$319,859$202,862$686,146
88$1,041,216$295,099$169,225$704,766
89$1,105,713$267,852$133,187$724,849
90$1,175,475$237,956$94,628$746,577
91$1,250,998$205,241$53,423$770,155
92$1,332,827$169,524$9,439$795,809
93$1,421,560$130,616$0$823,793
94$1,517,857$88,314$0$864,793
95$1,622,442$42,404$0$912,193
96$1,736,112$0$0$963,766
97$1,859,744$0$0$1,021,803
98$1,994,302$0$0$1,096,690
99$2,140,850$0$0$1,178,292
100$2,300,553$0$0$1,267,263