Can I retire at age 74 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$42,115$41,740$41,374$41,017$40,668$40,260
2 years$20,849$20,461$20,085$19,720$19,366$18,955
3 years$13,761$13,371$12,996$12,635$12,286$11,885
4 years$10,218$9,829$9,458$9,103$8,763$8,375
5 years$8,093$7,706$7,340$6,992$6,661$6,287
6 years$6,676$6,293$5,932$5,591$5,271$4,911
7 years$5,665$5,285$4,929$4,597$4,287$3,942
8 years$4,907$4,530$4,180$3,856$3,556$3,226
9 years$4,317$3,944$3,600$3,285$2,995$2,679
10 years$3,846$3,477$3,139$2,831$2,552$2,250
11 years$3,461$3,095$2,764$2,464$2,195$1,907
12 years$3,140$2,778$2,453$2,161$1,902$1,628
13 years$2,869$2,510$2,191$1,908$1,658$1,398
14 years$2,637$2,282$1,969$1,694$1,454$1,207
15 years$2,435$2,085$1,778$1,511$1,280$1,046
16 years$2,259$1,913$1,612$1,353$1,131$909
17 years$2,104$1,761$1,466$1,215$1,003$793
18 years$1,967$1,628$1,339$1,095$892$693
19 years$1,844$1,508$1,226$990$795$608
20 years$1,733$1,402$1,125$896$710$533
21 years$1,633$1,306$1,035$813$635$469
22 years$1,543$1,219$953$740$570$413
23 years$1,460$1,140$880$674$511$364
24 years$1,384$1,068$814$614$460$321
25 years$1,315$1,002$754$561$414$284
26 years$1,251$942$699$513$372$251
27 years$1,192$887$649$470$336$222
28 years$1,137$835$604$430$303$197
29 years$1,086$788$562$395$274$174
30 years$1,038$744$523$362$247$154
31 years$994$704$488$333$224$137
32 years$952$666$455$306$202$121
33 years$913$630$425$281$183$108
34 years$877$598$397$259$166$96
35 years$842$567$371$238$150$85
36 years$810$538$347$219$136$75
37 years$779$511$325$202$123$67
38 years$751$486$304$186$112$59
39 years$723$462$285$172$101$53
40 years$697$439$267$158$92$47
41 years$673$418$251$146$83$42
42 years$649$398$235$135$76$37
43 years$627$379$221$124$69$33
44 years$606$362$207$115$62$29
45 years$586$345$194$106$57$26
46 years$567$329$183$98$51$23
47 years$548$314$172$91$47$21
48 years$531$300$161$84$42$18
49 years$514$286$152$77$38$16
50 years$498$273$143$71$35$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $510,000, adding $3,759 every year, while hoping to spend $39,545 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: 79/15/6 Blend
73$510,000$510,000$510,000$510,000
74$565,897$538,867$530,962$610,026
75$581,543$523,196$506,674$623,808
76$597,460$505,432$480,247$633,350
77$613,633$485,430$451,567$642,627
78$630,045$463,038$420,516$651,593
79$646,677$438,094$386,970$660,198
80$663,504$410,427$350,801$668,386
81$680,501$379,857$311,871$676,098
82$697,634$346,193$270,042$683,267
83$714,869$309,232$225,164$689,820
84$732,163$268,761$177,084$695,679
85$749,468$224,556$125,641$700,757
86$766,732$176,377$70,668$704,959
87$783,892$123,972$11,989$708,182
88$800,879$67,078$0$710,311
89$817,616$5,411$0$714,466
90$834,014$0$0$718,298
91$849,974$0$0$731,026
92$865,384$0$0$744,160
93$880,122$0$0$756,700
94$894,046$0$0$768,522
95$907,001$0$0$779,492
96$918,813$0$0$789,456
97$929,288$0$0$798,246
98$938,209$0$0$805,673
99$945,336$0$0$811,527
100$950,399$0$0$815,574