Can I retire at age 74 with 519,000?

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 $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%16.6%
1 years$42,859$42,477$42,104$41,741$41,386$40,271
2 years$21,217$20,822$20,439$20,068$19,708$18,592
3 years$14,004$13,607$13,225$12,858$12,503$11,423
4 years$10,398$10,003$9,625$9,263$8,917$7,880
5 years$8,236$7,842$7,469$7,115$6,779$5,787
6 years$6,794$6,404$6,036$5,690$5,364$4,418
7 years$5,765$5,378$5,016$4,678$4,362$3,463
8 years$4,993$4,610$4,254$3,924$3,619$2,766
9 years$4,394$4,014$3,664$3,343$3,048$2,240
10 years$3,914$3,538$3,194$2,881$2,597$1,834
11 years$3,522$3,150$2,812$2,508$2,233$1,514
12 years$3,196$2,827$2,496$2,200$1,935$1,258
13 years$2,919$2,555$2,230$1,942$1,688$1,051
14 years$2,683$2,322$2,004$1,724$1,479$881
15 years$2,478$2,121$1,809$1,537$1,303$742
16 years$2,299$1,946$1,640$1,376$1,151$626
17 years$2,142$1,792$1,492$1,237$1,021$530
18 years$2,002$1,656$1,362$1,115$908$450
19 years$1,876$1,535$1,247$1,007$809$382
20 years$1,764$1,426$1,145$912$723$325
21 years$1,662$1,329$1,053$828$647$277
22 years$1,570$1,240$970$753$580$236
23 years$1,486$1,160$896$685$520$201
24 years$1,409$1,087$829$625$468$172
25 years$1,338$1,020$767$571$421$147
26 years$1,273$959$712$522$379$126
27 years$1,213$902$661$478$342$107
28 years$1,157$850$614$438$308$92
29 years$1,105$802$572$401$278$79
30 years$1,056$757$533$368$252$67
31 years$1,011$716$497$338$227$58
32 years$969$677$463$311$206$49
33 years$929$642$433$286$186$42
34 years$892$608$404$263$169$36
35 years$857$577$378$242$153$31
36 years$824$547$353$223$138$27
37 years$793$520$331$206$125$23
38 years$764$494$310$189$114$20
39 years$736$470$290$175$103$17
40 years$710$447$272$161$94$14
41 years$685$426$255$149$85$12
42 years$661$405$239$137$77$11
43 years$638$386$225$127$70$9
44 years$617$368$211$117$63$8
45 years$596$351$198$108$58$7
46 years$577$335$186$100$52$6
47 years$558$320$175$92$47$5
48 years$540$305$164$85$43$4
49 years$523$291$154$79$39$4
50 years$507$278$145$73$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $519,000, adding $3,941 every year, while hoping to spend $24,685 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: 35/49/16 Blend
73$519,000$519,000$519,000$519,000
74$576,003$548,496$540,452$593,201
75$608,491$549,108$532,292$606,671
76$643,465$548,922$523,032$618,587
77$681,153$547,874$512,608$630,917
78$721,805$545,894$500,955$643,709
79$765,695$542,909$488,003$657,020
80$813,126$538,841$473,681$670,916
81$864,428$533,608$457,913$685,469
82$919,967$527,122$440,620$700,762
83$980,143$519,290$421,720$716,887
84$1,045,396$510,014$401,126$733,951
85$1,116,212$499,190$378,749$752,072
86$1,193,122$486,707$354,494$771,383
87$1,276,714$472,449$328,263$792,033
88$1,367,632$456,292$299,953$814,192
89$1,466,585$438,105$269,456$838,048
90$1,574,354$417,750$236,660$863,811
91$1,691,798$395,079$201,448$891,720
92$1,819,863$369,940$163,698$922,038
93$1,959,588$342,166$123,281$955,062
94$2,112,120$311,586$80,065$991,123
95$2,278,718$278,016$33,909$1,030,589
96$2,460,771$241,262$0$1,073,873
97$2,659,807$201,121$0$1,124,054
98$2,877,507$157,376$0$1,185,372
99$3,115,725$109,799$0$1,252,628
100$3,376,499$58,149$0$1,326,485