Can I retire at age 74 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$42,859$42,477$42,104$41,741$41,386$40,903
2 years$21,217$20,822$20,439$20,068$19,708$19,221
3 years$14,004$13,607$13,225$12,858$12,503$12,029
4 years$10,398$10,003$9,625$9,263$8,917$8,459
5 years$8,236$7,842$7,469$7,115$6,779$6,337
6 years$6,794$6,404$6,036$5,690$5,364$4,939
7 years$5,765$5,378$5,016$4,678$4,362$3,955
8 years$4,993$4,610$4,254$3,924$3,619$3,230
9 years$4,394$4,014$3,664$3,343$3,048$2,676
10 years$3,914$3,538$3,194$2,881$2,597$2,242
11 years$3,522$3,150$2,812$2,508$2,233$1,896
12 years$3,196$2,827$2,496$2,200$1,935$1,614
13 years$2,919$2,555$2,230$1,942$1,688$1,383
14 years$2,683$2,322$2,004$1,724$1,479$1,190
15 years$2,478$2,121$1,809$1,537$1,303$1,029
16 years$2,299$1,946$1,640$1,376$1,151$892
17 years$2,142$1,792$1,492$1,237$1,021$776
18 years$2,002$1,656$1,362$1,115$908$676
19 years$1,876$1,535$1,247$1,007$809$591
20 years$1,764$1,426$1,145$912$723$517
21 years$1,662$1,329$1,053$828$647$453
22 years$1,570$1,240$970$753$580$398
23 years$1,486$1,160$896$685$520$350
24 years$1,409$1,087$829$625$468$308
25 years$1,338$1,020$767$571$421$271
26 years$1,273$959$712$522$379$239
27 years$1,213$902$661$478$342$211
28 years$1,157$850$614$438$308$186
29 years$1,105$802$572$401$278$164
30 years$1,056$757$533$368$252$145
31 years$1,011$716$497$338$227$128
32 years$969$677$463$311$206$113
33 years$929$642$433$286$186$100
34 years$892$608$404$263$169$89
35 years$857$577$378$242$153$78
36 years$824$547$353$223$138$69
37 years$793$520$331$206$125$61
38 years$764$494$310$189$114$54
39 years$736$470$290$175$103$48
40 years$710$447$272$161$94$43
41 years$685$426$255$149$85$38
42 years$661$405$239$137$77$33
43 years$638$386$225$127$70$30
44 years$617$368$211$117$63$26
45 years$596$351$198$108$58$23
46 years$577$335$186$100$52$21
47 years$558$320$175$92$47$18
48 years$540$305$164$85$43$16
49 years$523$291$154$79$39$14
50 years$507$278$145$73$36$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $519,000, adding $4,692 every year, while hoping to spend $25,915 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: 36/49/15 Blend
73$519,000$519,000$519,000$519,000
74$576,778$549,271$541,226$594,735
75$608,036$548,612$531,784$607,465
76$641,614$547,052$521,157$618,394
77$677,720$544,519$509,278$629,634
78$716,586$540,939$496,077$641,226
79$758,462$536,230$481,480$653,219
80$803,627$530,306$465,411$665,665
81$852,384$523,079$447,789$678,628
82$905,068$514,451$428,531$692,177
83$962,047$504,321$407,549$706,393
84$1,023,725$492,581$384,751$721,366
85$1,090,545$479,118$360,040$737,200
86$1,162,997$463,811$333,318$754,010
87$1,241,617$446,532$304,478$771,928
88$1,326,996$427,146$273,413$791,103
89$1,419,784$405,511$240,006$811,699
90$1,520,695$381,474$204,140$833,906
91$1,630,517$354,877$165,689$857,933
92$1,750,114$325,550$124,524$884,017
93$1,880,437$293,314$80,508$912,423
94$2,022,537$257,981$33,499$943,447
95$2,177,564$219,351$0$977,422
96$2,346,789$177,213$0$1,017,386
97$2,531,609$131,344$0$1,066,982
98$2,733,563$81,509$0$1,121,332
99$2,954,343$27,460$0$1,180,980
100$3,195,815$0$0$1,246,531