Can I retire at age 74 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$40,959$40,594$40,238$39,891$39,552$38,913
2 years$20,277$19,899$19,533$19,178$18,834$18,192
3 years$13,384$13,004$12,639$12,288$11,949$11,324
4 years$9,938$9,560$9,198$8,853$8,522$7,919
5 years$7,871$7,495$7,138$6,800$6,478$5,899
6 years$6,493$6,120$5,769$5,438$5,126$4,570
7 years$5,510$5,140$4,794$4,471$4,169$3,638
8 years$4,772$4,406$4,066$3,750$3,459$2,951
9 years$4,199$3,836$3,502$3,194$2,913$2,429
10 years$3,741$3,381$3,053$2,754$2,482$2,022
11 years$3,366$3,010$2,688$2,397$2,134$1,698
12 years$3,054$2,702$2,385$2,102$1,850$1,436
13 years$2,790$2,441$2,131$1,856$1,613$1,221
14 years$2,564$2,219$1,915$1,647$1,414$1,043
15 years$2,368$2,027$1,729$1,469$1,245$895
16 years$2,197$1,860$1,567$1,315$1,100$770
17 years$2,047$1,713$1,426$1,182$976$665
18 years$1,913$1,583$1,302$1,065$867$575
19 years$1,793$1,467$1,192$962$773$498
20 years$1,686$1,363$1,094$872$691$433
21 years$1,589$1,270$1,006$791$618$376
22 years$1,500$1,185$927$719$554$327
23 years$1,420$1,109$856$655$497$285
24 years$1,346$1,039$792$597$447$249
25 years$1,279$975$733$546$402$217
26 years$1,216$916$680$499$362$190
27 years$1,159$862$632$457$327$166
28 years$1,105$812$587$418$295$145
29 years$1,056$766$546$384$266$127
30 years$1,010$724$509$352$240$111
31 years$966$684$475$323$217$97
32 years$926$647$443$297$197$85
33 years$888$613$413$273$178$75
34 years$853$581$386$251$161$66
35 years$819$551$361$231$146$57
36 years$788$523$338$213$132$50
37 years$758$497$316$196$120$44
38 years$730$472$296$181$109$39
39 years$703$449$277$167$99$34
40 years$678$427$260$154$89$30
41 years$654$407$244$142$81$26
42 years$631$387$229$131$74$23
43 years$610$369$215$121$67$20
44 years$589$352$201$112$61$18
45 years$570$335$189$103$55$16
46 years$551$320$178$95$50$14
47 years$533$305$167$88$45$12
48 years$516$291$157$81$41$10
49 years$500$278$147$75$37$9
50 years$484$266$139$70$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $496,000, adding $3,314 every year, while hoping to spend $22,269 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: 36/42/22 Blend
73$496,000$496,000$496,000$496,000
74$550,010$523,722$516,034$566,051
75$582,417$525,691$509,627$580,072
76$617,384$527,009$502,260$592,897
77$655,146$527,622$493,875$606,292
78$695,967$527,471$484,415$620,321
79$740,132$526,494$473,820$635,055
80$787,957$524,624$462,024$650,577
81$839,789$521,790$448,962$666,977
82$896,008$517,919$434,563$684,359
83$957,034$512,931$418,755$702,838
84$1,023,329$506,741$401,460$722,541
85$1,095,399$499,262$382,599$743,613
86$1,173,802$490,398$362,089$766,214
87$1,259,153$480,051$339,842$790,525
88$1,352,127$468,113$315,767$816,746
89$1,453,466$454,474$289,768$845,101
90$1,563,991$439,014$261,746$875,840
91$1,684,600$421,608$231,597$909,242
92$1,816,286$402,123$199,212$945,615
93$1,960,139$380,419$164,477$985,306
94$2,117,361$356,347$127,275$1,028,699
95$2,289,274$329,750$87,480$1,076,222
96$2,477,334$300,462$44,965$1,128,348
97$2,683,144$268,308$0$1,185,607
98$2,908,471$233,101$0$1,248,681
99$3,155,258$194,646$0$1,329,396
100$3,425,646$152,735$0$1,417,944