Can I retire at age 74 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$41,372$41,004$40,644$40,293$39,950$39,468
2 years$20,481$20,100$19,730$19,372$19,024$18,538
3 years$13,519$13,135$12,767$12,412$12,070$11,596
4 years$10,038$9,656$9,291$8,942$8,608$8,150
5 years$7,950$7,570$7,210$6,868$6,544$6,103
6 years$6,559$6,182$5,827$5,493$5,178$4,754
7 years$5,565$5,191$4,842$4,516$4,211$3,805
8 years$4,820$4,450$4,107$3,788$3,493$3,105
9 years$4,241$3,875$3,537$3,227$2,942$2,571
10 years$3,778$3,415$3,084$2,781$2,507$2,153
11 years$3,400$3,040$2,715$2,421$2,156$1,819
12 years$3,085$2,729$2,409$2,123$1,868$1,548
13 years$2,818$2,466$2,153$1,875$1,629$1,325
14 years$2,590$2,242$1,934$1,664$1,428$1,140
15 years$2,392$2,048$1,746$1,484$1,257$984
16 years$2,220$1,879$1,583$1,329$1,111$853
17 years$2,067$1,730$1,441$1,194$985$741
18 years$1,932$1,599$1,315$1,076$876$646
19 years$1,811$1,482$1,204$972$781$564
20 years$1,703$1,377$1,105$880$698$493
21 years$1,605$1,283$1,016$799$624$432
22 years$1,516$1,197$937$727$560$379
23 years$1,434$1,120$865$662$502$333
24 years$1,360$1,049$800$604$451$293
25 years$1,292$985$741$551$406$258
26 years$1,229$925$687$504$366$227
27 years$1,171$871$638$461$330$200
28 years$1,117$821$593$423$298$176
29 years$1,067$774$552$388$269$156
30 years$1,020$731$514$356$243$137
31 years$976$691$479$327$220$121
32 years$935$654$447$300$199$107
33 years$897$619$418$276$180$95
34 years$861$587$390$254$163$84
35 years$828$557$365$234$147$74
36 years$796$528$341$215$134$65
37 years$766$502$319$198$121$58
38 years$737$477$299$183$110$51
39 years$710$454$280$169$100$45
40 years$685$432$263$156$90$40
41 years$661$411$246$144$82$35
42 years$638$391$231$132$74$31
43 years$616$373$217$122$67$28
44 years$595$355$203$113$61$25
45 years$575$339$191$104$56$22
46 years$557$323$179$96$50$19
47 years$539$308$169$89$46$17
48 years$521$294$158$82$42$15
49 years$505$281$149$76$38$13
50 years$489$269$140$70$34$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $501,000, adding $6,739 every year, while hoping to spend $34,298 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: 54/34/12 Blend
73$501,000$501,000$501,000$501,000
74$559,053$532,500$524,735$587,154
75$579,584$522,100$505,821$596,608
76$601,059$510,041$485,123$602,606
77$623,539$496,204$462,547$608,339
78$647,089$480,467$437,991$613,787
79$671,779$462,697$411,351$618,934
80$697,687$442,756$382,517$623,761
81$724,894$420,494$351,375$628,251
82$753,492$395,757$317,805$632,388
83$783,579$368,380$281,682$636,156
84$815,262$338,188$242,876$639,540
85$848,656$304,997$201,250$642,528
86$883,889$268,612$156,662$645,106
87$921,100$228,828$108,964$647,267
88$960,437$185,426$58,000$649,002
89$1,002,067$138,177$3,608$650,308
90$1,046,169$86,838$0$651,184
91$1,092,938$31,154$0$658,604
92$1,142,590$0$0$666,553
93$1,195,359$0$0$685,510
94$1,251,501$0$0$718,106
95$1,311,298$0$0$752,850
96$1,375,056$0$0$789,926
97$1,443,113$0$0$829,533
98$1,515,837$0$0$871,889
99$1,593,633$0$0$917,234
100$1,676,945$0$0$965,831