Can I retire at age 74 with 451,000?

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 $451,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$37,243$36,911$36,588$36,272$35,963$35,441
2 years$18,437$18,094$17,761$17,438$17,125$16,600
3 years$12,169$11,825$11,493$11,173$10,865$10,353
4 years$9,036$8,692$8,364$8,049$7,749$7,254
5 years$7,157$6,815$6,491$6,183$5,891$5,415
6 years$5,904$5,565$5,245$4,944$4,661$4,205
7 years$5,010$4,673$4,359$4,065$3,791$3,354
8 years$4,339$4,006$3,697$3,410$3,145$2,728
9 years$3,818$3,488$3,184$2,905$2,648$2,251
10 years$3,401$3,074$2,776$2,504$2,257$1,878
11 years$3,061$2,737$2,444$2,179$1,941$1,581
12 years$2,777$2,457$2,169$1,911$1,682$1,340
13 years$2,537$2,220$1,938$1,687$1,467$1,143
14 years$2,331$2,018$1,741$1,498$1,286$979
15 years$2,154$1,843$1,572$1,336$1,132$842
16 years$1,998$1,691$1,425$1,196$1,000$727
17 years$1,861$1,558$1,297$1,075$887$629
18 years$1,739$1,439$1,184$969$789$546
19 years$1,631$1,334$1,084$875$703$474
20 years$1,533$1,240$995$793$628$413
21 years$1,444$1,155$915$719$562$360
22 years$1,364$1,078$843$654$504$314
23 years$1,291$1,008$779$596$452$275
24 years$1,224$944$720$543$406$241
25 years$1,163$886$667$496$366$211
26 years$1,106$833$618$454$329$185
27 years$1,054$784$574$415$297$162
28 years$1,005$739$534$380$268$142
29 years$960$697$497$349$242$125
30 years$918$658$463$320$219$110
31 years$879$622$431$294$198$96
32 years$842$589$403$270$179$85
33 years$808$557$376$249$162$74
34 years$775$528$351$229$147$65
35 years$745$501$328$210$133$58
36 years$716$476$307$194$120$51
37 years$689$452$287$179$109$45
38 years$664$429$269$165$99$39
39 years$640$408$252$152$90$35
40 years$617$388$236$140$81$30
41 years$595$370$222$129$74$27
42 years$574$352$208$119$67$24
43 years$555$336$195$110$61$21
44 years$536$320$183$102$55$18
45 years$518$305$172$94$50$16
46 years$501$291$162$87$45$14
47 years$485$278$152$80$41$12
48 years$469$265$143$74$37$11
49 years$455$253$134$68$34$10
50 years$440$242$126$63$31$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $451,000, adding $5,711 every year, while hoping to spend $39,983 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: 79/12/9 Blend
73$451,000$451,000$451,000$451,000
74$502,893$478,990$471,999$541,480
75$511,646$459,919$445,270$548,547
76$519,953$438,573$416,305$550,517
77$527,724$414,799$384,987$551,500
78$534,862$388,435$351,194$551,380
79$541,257$359,308$314,799$550,028
80$546,788$327,236$275,667$547,301
81$551,318$292,028$233,659$543,046
82$554,696$253,481$188,631$537,090
83$556,754$211,380$140,428$529,247
84$557,304$165,499$88,894$519,311
85$556,138$115,598$33,861$507,054
86$553,026$61,425$0$492,229
87$547,712$2,712$0$476,950
88$539,912$0$0$462,155
89$529,311$0$0$452,308
90$515,559$0$0$440,069
91$498,271$0$0$424,742
92$477,019$0$0$405,955
93$451,329$0$0$383,296
94$420,676$0$0$356,307
95$384,481$0$0$324,484
96$342,102$0$0$287,267
97$292,830$0$0$244,040
98$235,882$0$0$194,118
99$170,390$0$0$136,748
100$95,397$0$0$71,095