Can I retire at age 74 with 467,000?

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 $467,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$38,564$38,221$37,886$37,559$37,239$36,728
2 years$19,091$18,736$18,391$18,057$17,733$17,219
3 years$12,601$12,244$11,900$11,569$11,251$10,750
4 years$9,357$9,001$8,660$8,335$8,024$7,540
5 years$7,410$7,057$6,721$6,402$6,100$5,634
6 years$6,113$5,762$5,431$5,120$4,826$4,380
7 years$5,187$4,839$4,514$4,209$3,925$3,497
8 years$4,493$4,148$3,828$3,531$3,256$2,848
9 years$3,953$3,612$3,297$3,008$2,742$2,352
10 years$3,522$3,183$2,874$2,593$2,337$1,965
11 years$3,169$2,834$2,531$2,256$2,010$1,656
12 years$2,875$2,544$2,246$1,979$1,741$1,406
13 years$2,627$2,299$2,006$1,747$1,519$1,200
14 years$2,414$2,089$1,803$1,551$1,331$1,030
15 years$2,230$1,909$1,628$1,383$1,172$887
16 years$2,069$1,751$1,476$1,239$1,036$766
17 years$1,927$1,613$1,343$1,113$918$664
18 years$1,801$1,490$1,226$1,003$817$577
19 years$1,688$1,381$1,122$906$728$502
20 years$1,587$1,284$1,030$821$650$438
21 years$1,496$1,196$947$745$582$383
22 years$1,413$1,116$873$677$522$335
23 years$1,337$1,044$806$617$468$293
24 years$1,268$978$746$563$421$257
25 years$1,204$918$691$514$379$225
26 years$1,145$863$640$470$341$198
27 years$1,091$812$595$430$308$174
28 years$1,041$765$553$394$277$153
29 years$994$722$514$361$251$134
30 years$951$681$479$332$226$118
31 years$910$644$447$304$205$104
32 years$872$610$417$280$185$92
33 years$836$577$389$257$168$81
34 years$803$547$364$237$152$71
35 years$771$519$340$218$137$63
36 years$742$493$318$201$124$55
37 years$714$468$298$185$113$49
38 years$687$445$279$170$102$43
39 years$662$423$261$157$93$38
40 years$638$402$245$145$84$33
41 years$616$383$230$134$76$29
42 years$595$365$215$123$69$26
43 years$574$347$202$114$63$23
44 years$555$331$190$105$57$20
45 years$536$316$178$97$52$18
46 years$519$301$167$90$47$16
47 years$502$287$157$83$43$14
48 years$486$274$148$77$39$12
49 years$471$262$139$71$35$11
50 years$456$250$130$65$32$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $467,000, adding $4,348 every year, while hoping to spend $26,979 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: 54/17/29 Blend
73$467,000$467,000$467,000$467,000
74$519,119$494,368$487,129$542,750
75$543,364$489,887$474,743$555,093
76$569,177$484,281$461,037$565,413
77$596,691$477,469$445,939$576,114
78$626,049$469,360$429,374$587,244
79$657,409$459,862$411,261$598,856
80$690,944$448,875$391,518$611,010
81$726,844$436,293$370,057$623,775
82$765,317$422,006$346,789$637,227
83$806,590$405,895$321,617$651,452
84$850,914$387,836$294,443$666,549
85$898,564$367,697$265,164$682,625
86$949,841$345,338$233,671$699,803
87$1,005,077$320,612$199,851$718,220
88$1,064,635$293,361$163,586$738,029
89$1,128,915$263,423$124,753$759,401
90$1,198,355$230,622$83,223$782,529
91$1,273,438$194,773$38,862$807,626
92$1,354,694$155,683$0$834,932
93$1,442,707$113,145$0$867,336
94$1,538,117$66,943$0$915,515
95$1,641,629$16,847$0$967,810
96$1,754,017$0$0$1,024,638
97$1,876,135$0$0$1,093,454
98$2,008,919$0$0$1,171,747
99$2,153,403$0$0$1,256,979
100$2,310,720$0$0$1,349,825