Can I retire at age 74 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$43,271$42,886$42,510$42,143$41,784$41,504
2 years$21,422$21,023$20,636$20,261$19,897$19,614
3 years$14,139$13,738$13,353$12,981$12,624$12,347
4 years$10,499$10,099$9,717$9,352$9,003$8,735
5 years$8,315$7,918$7,541$7,184$6,844$6,585
6 years$6,860$6,466$6,094$5,745$5,416$5,166
7 years$5,821$5,430$5,064$4,723$4,404$4,165
8 years$5,042$4,654$4,295$3,962$3,654$3,424
9 years$4,436$4,052$3,699$3,375$3,077$2,857
10 years$3,952$3,572$3,225$2,909$2,622$2,411
11 years$3,556$3,180$2,839$2,532$2,255$2,054
12 years$3,226$2,854$2,520$2,221$1,954$1,762
13 years$2,948$2,579$2,251$1,961$1,704$1,521
14 years$2,709$2,345$2,023$1,740$1,494$1,320
15 years$2,502$2,142$1,826$1,552$1,315$1,150
16 years$2,322$1,965$1,656$1,390$1,162$1,005
17 years$2,162$1,810$1,507$1,249$1,031$882
18 years$2,021$1,672$1,375$1,125$916$775
19 years$1,894$1,550$1,259$1,017$817$683
20 years$1,781$1,440$1,156$921$730$603
21 years$1,678$1,341$1,063$836$653$534
22 years$1,585$1,252$980$760$585$473
23 years$1,500$1,171$905$692$525$419
24 years$1,422$1,097$837$631$472$372
25 years$1,351$1,030$775$576$425$331
26 years$1,285$968$719$527$383$294
27 years$1,224$911$667$482$345$262
28 years$1,168$858$620$442$311$234
29 years$1,115$810$577$405$281$208
30 years$1,067$765$538$372$254$186
31 years$1,021$723$501$342$230$166
32 years$978$684$468$314$208$148
33 years$938$648$437$289$188$132
34 years$901$614$408$266$170$118
35 years$866$582$381$245$154$106
36 years$832$553$357$225$140$94
37 years$801$525$334$208$127$84
38 years$771$499$313$191$115$76
39 years$743$474$293$176$104$68
40 years$716$451$275$163$94$60
41 years$691$430$258$150$86$54
42 years$667$409$242$139$78$48
43 years$644$390$227$128$71$43
44 years$623$372$213$118$64$39
45 years$602$354$200$109$58$35
46 years$582$338$188$101$53$31
47 years$563$323$176$93$48$28
48 years$545$308$166$86$44$25
49 years$528$294$156$79$40$22
50 years$512$281$146$73$36$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $524,000, adding $2,300 every year, while hoping to spend $30,818 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: 53/25/22 Blend
73$524,000$524,000$524,000$524,000
74$579,820$552,048$543,926$606,922
75$606,172$546,309$529,358$620,086
76$634,179$539,255$513,268$631,012
77$663,976$530,790$495,574$642,251
78$695,715$520,811$476,189$653,844
79$729,556$509,210$455,020$665,838
80$765,681$495,871$431,973$678,285
81$804,284$480,672$406,948$691,244
82$845,580$463,484$379,840$704,784
83$889,805$444,171$350,540$718,982
84$937,218$422,588$318,936$733,925
85$988,101$398,582$284,907$749,712
86$1,042,766$371,990$248,330$766,453
87$1,101,553$342,644$209,074$784,274
88$1,164,839$310,360$167,005$803,315
89$1,233,033$274,949$121,981$823,735
90$1,306,589$236,208$73,854$845,711
91$1,386,003$193,924$22,470$869,443
92$1,471,821$147,872$0$895,153
93$1,564,642$97,813$0$930,689
94$1,665,126$43,496$0$974,856
95$1,773,998$0$0$1,022,726
96$1,892,053$0$0$1,078,913
97$2,020,169$0$0$1,152,917
98$2,159,310$0$0$1,233,333
99$2,310,535$0$0$1,320,781
100$2,475,010$0$0$1,415,940