Can I retire at age 74 with 463,000?

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 $463,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$38,234$37,894$37,561$37,237$36,920$36,734
2 years$18,928$18,575$18,234$17,902$17,581$17,393
3 years$12,493$12,139$11,798$11,470$11,154$10,970
4 years$9,277$8,924$8,586$8,264$7,955$7,777
5 years$7,347$6,996$6,663$6,347$6,047$5,875
6 years$6,061$5,713$5,385$5,076$4,785$4,619
7 years$5,143$4,798$4,475$4,173$3,892$3,732
8 years$4,455$4,113$3,795$3,501$3,228$3,075
9 years$3,920$3,581$3,269$2,982$2,719$2,572
10 years$3,492$3,156$2,850$2,570$2,317$2,176
11 years$3,142$2,810$2,509$2,237$1,992$1,858
12 years$2,851$2,522$2,227$1,962$1,727$1,598
13 years$2,604$2,279$1,989$1,732$1,506$1,383
14 years$2,394$2,072$1,787$1,538$1,320$1,203
15 years$2,211$1,892$1,614$1,371$1,162$1,051
16 years$2,051$1,736$1,463$1,228$1,027$921
17 years$1,911$1,599$1,331$1,103$911$810
18 years$1,786$1,478$1,215$994$810$714
19 years$1,674$1,369$1,113$898$722$631
20 years$1,574$1,273$1,021$814$645$559
21 years$1,483$1,185$939$738$577$496
22 years$1,401$1,106$866$671$517$441
23 years$1,326$1,035$799$612$464$392
24 years$1,257$970$739$558$417$349
25 years$1,194$910$685$509$375$311
26 years$1,136$855$635$466$338$278
27 years$1,082$805$590$426$305$248
28 years$1,032$758$548$391$275$222
29 years$986$715$510$358$248$198
30 years$942$676$475$329$224$178
31 years$902$639$443$302$203$159
32 years$864$604$413$277$184$142
33 years$829$572$386$255$166$128
34 years$796$542$361$235$150$114
35 years$765$514$337$216$136$103
36 years$735$488$315$199$123$92
37 years$708$464$295$183$112$83
38 years$681$441$276$169$101$74
39 years$657$419$259$156$92$67
40 years$633$399$243$144$83$60
41 years$611$380$228$133$76$54
42 years$589$362$213$122$69$48
43 years$569$344$200$113$62$43
44 years$550$328$188$104$57$39
45 years$532$313$177$96$51$35
46 years$514$299$166$89$47$31
47 years$498$285$156$82$42$28
48 years$482$272$146$76$38$25
49 years$467$260$138$70$35$23
50 years$452$248$129$65$32$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $463,000, adding $5,239 every year, while hoping to spend $26,649 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: 73/11/16 Blend
73$463,000$463,000$463,000$463,000
74$515,630$491,091$483,915$551,030
75$539,870$486,800$471,771$570,904
76$565,689$481,406$458,328$588,905
77$593,221$474,826$443,513$607,923
78$622,610$466,973$427,252$628,051
79$654,017$457,756$409,466$649,395
80$687,616$447,075$390,072$672,071
81$723,600$434,828$368,986$696,208
82$762,178$420,906$346,118$721,946
83$803,581$405,191$321,374$749,442
84$848,062$387,562$294,656$778,871
85$895,900$367,888$265,863$810,424
86$947,399$346,032$234,887$844,313
87$1,002,896$321,849$201,617$880,772
88$1,062,756$295,185$165,936$920,061
89$1,127,386$265,878$127,724$962,467
90$1,197,230$233,756$86,853$1,008,306
91$1,272,775$198,638$43,190$1,057,928
92$1,354,559$160,332$0$1,111,720
93$1,443,171$118,635$0$1,170,691
94$1,539,261$73,335$0$1,242,639
95$1,643,542$24,205$0$1,320,731
96$1,756,799$0$0$1,405,570
97$1,879,896$0$0$1,501,331
98$2,013,780$0$0$1,608,691
99$2,159,499$0$0$1,725,559
100$2,318,200$0$0$1,852,861