Can I retire at age 74 with 546,000?

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 $546,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$45,088$44,687$44,295$43,912$43,539$42,747
2 years$22,321$21,905$21,502$21,112$20,733$19,938
3 years$14,733$14,315$13,913$13,526$13,154$12,381
4 years$10,939$10,523$10,125$9,745$9,381$8,636
5 years$8,664$8,250$7,858$7,485$7,132$6,416
6 years$7,148$6,737$6,350$5,986$5,643$4,958
7 years$6,065$5,658$5,277$4,921$4,589$3,935
8 years$5,253$4,850$4,475$4,128$3,807$3,183
9 years$4,622$4,223$3,855$3,516$3,206$2,613
10 years$4,118$3,722$3,361$3,031$2,732$2,168
11 years$3,705$3,313$2,959$2,638$2,349$1,815
12 years$3,362$2,974$2,626$2,314$2,036$1,529
13 years$3,071$2,688$2,346$2,043$1,775$1,296
14 years$2,823$2,443$2,108$1,813$1,556$1,104
15 years$2,607$2,232$1,903$1,617$1,370$944
16 years$2,419$2,048$1,725$1,448$1,211$809
17 years$2,253$1,886$1,570$1,301$1,074$696
18 years$2,106$1,742$1,433$1,173$955$600
19 years$1,974$1,615$1,312$1,059$851$518
20 years$1,856$1,501$1,204$960$760$448
21 years$1,749$1,398$1,108$871$680$388
22 years$1,652$1,305$1,021$792$610$337
23 years$1,563$1,220$943$721$547$292
24 years$1,482$1,143$872$658$492$254
25 years$1,408$1,073$807$601$443$221
26 years$1,339$1,008$749$549$399$192
27 years$1,276$949$695$503$360$167
28 years$1,217$894$646$461$324$146
29 years$1,162$844$602$422$293$127
30 years$1,111$797$560$388$265$111
31 years$1,064$753$522$356$239$97
32 years$1,019$713$487$327$216$84
33 years$978$675$455$301$196$74
34 years$939$640$425$277$177$64
35 years$902$607$397$255$161$56
36 years$867$576$372$235$146$49
37 years$834$547$348$216$132$43
38 years$803$520$326$199$120$37
39 years$774$494$305$184$108$33
40 years$746$470$286$170$98$28
41 years$720$448$268$156$89$25
42 years$695$426$252$144$81$22
43 years$671$406$236$133$73$19
44 years$649$387$222$123$67$17
45 years$627$369$208$114$61$14
46 years$607$352$196$105$55$13
47 years$587$336$184$97$50$11
48 years$568$321$173$90$45$10
49 years$550$306$162$83$41$8
50 years$533$293$153$77$37$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $546,000, adding $4,955 every year, while hoping to spend $39,919 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: 68/9/23 Blend
73$546,000$546,000$546,000$546,000
74$606,803$577,865$569,402$644,203
75$626,223$563,707$546,004$655,735
76$646,287$547,517$520,483$663,284
77$667,017$529,154$492,728$670,599
78$688,437$508,468$462,619$677,657
79$710,575$485,299$430,034$684,432
80$733,455$459,481$394,842$690,898
81$757,107$430,835$356,909$697,028
82$781,560$399,174$316,093$702,793
83$806,845$364,299$272,248$708,161
84$832,994$326,001$225,220$713,101
85$860,042$284,058$174,847$717,580
86$888,025$238,234$120,962$721,563
87$916,979$188,284$63,391$725,013
88$946,946$133,945$1,949$727,892
89$977,967$74,941$0$730,160
90$1,010,087$10,980$0$747,389
91$1,043,353$0$0$765,449
92$1,077,815$0$0$789,635
93$1,113,524$0$0$815,826
94$1,150,538$0$0$842,977
95$1,188,916$0$0$871,131
96$1,228,720$0$0$900,335
97$1,270,018$0$0$930,639
98$1,312,882$0$0$962,096
99$1,357,387$0$0$994,762
100$1,403,615$0$0$1,028,698