Can I retire at age 74 with 537,000?

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 $537,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$44,345$43,950$43,565$43,188$42,821$42,269
2 years$21,953$21,544$21,148$20,764$20,391$19,835
3 years$14,490$14,079$13,684$13,303$12,937$12,395
4 years$10,759$10,350$9,958$9,584$9,227$8,703
5 years$8,521$8,114$7,728$7,362$7,014$6,510
6 years$7,030$6,626$6,246$5,887$5,550$5,066
7 years$5,965$5,564$5,190$4,840$4,514$4,050
8 years$5,167$4,770$4,402$4,060$3,744$3,301
9 years$4,546$4,153$3,791$3,459$3,153$2,730
10 years$4,050$3,661$3,305$2,981$2,687$2,284
11 years$3,644$3,259$2,910$2,595$2,311$1,927
12 years$3,306$2,925$2,582$2,276$2,002$1,638
13 years$3,021$2,643$2,307$2,009$1,746$1,400
14 years$2,776$2,403$2,073$1,784$1,531$1,203
15 years$2,564$2,195$1,872$1,591$1,348$1,037
16 years$2,379$2,014$1,697$1,424$1,191$898
17 years$2,216$1,855$1,544$1,280$1,056$779
18 years$2,071$1,714$1,410$1,153$939$678
19 years$1,942$1,588$1,290$1,042$837$591
20 years$1,825$1,476$1,184$944$748$516
21 years$1,720$1,375$1,089$857$669$451
22 years$1,624$1,283$1,004$779$600$395
23 years$1,537$1,200$927$709$538$347
24 years$1,458$1,125$857$647$484$304
25 years$1,384$1,055$794$591$435$267
26 years$1,317$992$736$540$392$235
27 years$1,255$933$684$494$354$207
28 years$1,197$880$636$453$319$182
29 years$1,143$830$592$415$288$160
30 years$1,093$784$551$381$260$141
31 years$1,046$741$514$350$235$125
32 years$1,003$701$479$322$213$110
33 years$962$664$448$296$193$97
34 years$923$629$418$272$174$86
35 years$887$597$391$251$158$76
36 years$853$566$366$231$143$67
37 years$821$538$342$213$130$59
38 years$790$511$321$196$118$52
39 years$761$486$300$181$107$46
40 years$734$463$281$167$97$41
41 years$708$440$264$154$88$36
42 years$684$419$248$142$80$32
43 years$660$400$232$131$72$28
44 years$638$381$218$121$66$25
45 years$617$363$205$112$60$22
46 years$597$346$192$103$54$19
47 years$577$331$181$95$49$17
48 years$559$316$170$88$45$15
49 years$541$301$160$81$41$13
50 years$524$288$150$75$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $537,000, adding $3,783 every year, while hoping to spend $20,250 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: 32/46/22 Blend
73$537,000$537,000$537,000$537,000
74$595,676$567,215$558,892$610,594
75$634,889$573,463$556,069$628,387
76$677,423$579,338$552,472$645,446
77$723,596$584,801$548,056$663,404
78$773,756$589,809$542,769$682,352
79$828,288$594,319$536,560$702,393
80$887,613$598,280$529,375$723,640
81$952,197$601,643$521,156$746,218
82$1,022,551$604,354$511,845$770,270
83$1,099,238$606,354$501,379$795,951
84$1,182,877$607,582$489,692$823,436
85$1,274,151$607,974$476,716$852,917
86$1,373,808$607,459$462,380$884,610
87$1,482,676$605,964$446,610$918,754
88$1,601,664$603,411$429,326$955,614
89$1,731,773$599,717$410,448$995,484
90$1,874,105$594,795$389,889$1,038,692
91$2,029,875$588,550$367,561$1,085,600
92$2,200,418$580,885$343,371$1,136,611
93$2,387,207$571,695$317,220$1,192,172
94$2,591,862$560,868$289,007$1,252,776
95$2,816,169$548,287$258,625$1,318,974
96$3,062,092$533,828$225,963$1,391,372
97$3,331,799$517,358$190,906$1,470,644
98$3,627,672$498,739$153,331$1,557,537
99$3,952,340$477,822$113,113$1,652,877
100$4,308,695$454,452$70,119$1,757,578