Can I retire at age 74 with 534,000?

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 $534,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$44,097$43,704$43,321$42,947$42,582$41,705
2 years$21,830$21,424$21,030$20,648$20,277$19,398
3 years$14,409$14,001$13,608$13,229$12,865$12,010
4 years$10,699$10,292$9,903$9,531$9,175$8,352
5 years$8,474$8,069$7,685$7,321$6,975$6,186
6 years$6,991$6,589$6,211$5,854$5,519$4,764
7 years$5,932$5,533$5,161$4,813$4,488$3,768
8 years$5,138$4,743$4,377$4,038$3,724$3,038
9 years$4,521$4,130$3,770$3,439$3,136$2,485
10 years$4,027$3,640$3,287$2,965$2,672$2,054
11 years$3,624$3,241$2,894$2,580$2,298$1,713
12 years$3,288$2,909$2,568$2,263$1,991$1,438
13 years$3,004$2,629$2,294$1,998$1,736$1,214
14 years$2,761$2,389$2,061$1,774$1,522$1,030
15 years$2,550$2,183$1,861$1,582$1,340$877
16 years$2,366$2,003$1,687$1,416$1,184$749
17 years$2,204$1,844$1,536$1,272$1,050$641
18 years$2,059$1,704$1,402$1,147$934$550
19 years$1,931$1,579$1,283$1,036$832$473
20 years$1,815$1,468$1,178$938$743$407
21 years$1,710$1,367$1,083$852$665$351
22 years$1,615$1,276$998$774$596$303
23 years$1,529$1,194$922$705$535$262
24 years$1,450$1,118$853$643$481$226
25 years$1,377$1,049$790$587$433$196
26 years$1,310$986$732$537$390$170
27 years$1,248$928$680$492$352$147
28 years$1,190$875$632$450$317$127
29 years$1,137$825$588$413$286$111
30 years$1,087$779$548$379$259$96
31 years$1,041$737$511$348$234$83
32 years$997$697$477$320$212$72
33 years$956$660$445$294$192$63
34 years$918$626$416$271$173$54
35 years$882$593$389$249$157$47
36 years$848$563$364$230$142$41
37 years$816$535$340$211$129$36
38 years$786$508$319$195$117$31
39 years$757$483$299$180$106$27
40 years$730$460$280$166$96$23
41 years$704$438$262$153$87$20
42 years$680$417$246$141$79$18
43 years$657$397$231$130$72$15
44 years$634$379$217$120$65$13
45 years$613$361$204$111$59$12
46 years$593$344$191$103$54$10
47 years$574$329$180$95$49$9
48 years$556$314$169$88$44$8
49 years$538$300$159$81$40$7
50 years$521$286$149$75$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $534,000, adding $3,921 every year, while hoping to spend $43,782 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: 54/37/9 Blend
73$534,000$534,000$534,000$534,000
74$592,513$564,211$555,934$622,981
75$606,365$545,273$527,974$625,133
76$620,163$523,940$497,610$622,352
77$633,855$500,049$464,715$618,282
78$647,382$473,425$429,157$612,810
79$660,679$443,887$390,797$605,812
80$673,671$411,239$349,491$597,157
81$686,274$375,279$305,088$586,700
82$698,395$335,789$257,430$574,287
83$709,929$292,541$206,352$559,753
84$720,760$245,293$151,682$542,918
85$730,755$193,790$93,241$523,588
86$739,769$137,762$30,841$501,554
87$747,638$76,925$0$476,591
88$754,181$10,978$0$451,888
89$759,195$0$0$427,133
90$762,455$0$0$423,686
91$763,711$0$0$423,487
92$762,685$0$0$421,901
93$759,069$0$0$418,742
94$752,519$0$0$413,806
95$742,656$0$0$406,865
96$729,058$0$0$397,669
97$711,259$0$0$385,937
98$688,741$0$0$371,362
99$660,932$0$0$353,600
100$627,197$0$0$332,275