Can I retire at age 74 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$46,409$45,996$45,593$45,199$44,815$44,588
2 years$22,975$22,547$22,132$21,730$21,340$21,112
3 years$15,164$14,735$14,321$13,923$13,539$13,316
4 years$11,260$10,832$10,422$10,031$9,656$9,440
5 years$8,918$8,492$8,088$7,704$7,341$7,131
6 years$7,357$6,934$6,536$6,161$5,808$5,607
7 years$6,243$5,824$5,432$5,066$4,724$4,530
8 years$5,407$4,992$4,607$4,249$3,919$3,732
9 years$4,758$4,346$3,968$3,620$3,300$3,122
10 years$4,238$3,831$3,459$3,120$2,812$2,641
11 years$3,814$3,411$3,045$2,715$2,418$2,255
12 years$3,460$3,061$2,703$2,382$2,096$1,939
13 years$3,161$2,766$2,415$2,103$1,827$1,678
14 years$2,905$2,515$2,170$1,867$1,602$1,460
15 years$2,684$2,297$1,959$1,665$1,410$1,275
16 years$2,490$2,108$1,776$1,491$1,247$1,118
17 years$2,319$1,941$1,616$1,339$1,105$983
18 years$2,167$1,794$1,475$1,207$983$867
19 years$2,032$1,662$1,350$1,091$876$766
20 years$1,910$1,545$1,239$988$782$679
21 years$1,800$1,439$1,140$896$700$602
22 years$1,700$1,343$1,051$815$628$535
23 years$1,609$1,256$970$742$563$476
24 years$1,526$1,177$897$677$506$424
25 years$1,449$1,104$831$618$456$378
26 years$1,378$1,038$771$565$410$337
27 years$1,313$977$716$517$370$301
28 years$1,253$921$665$474$334$269
29 years$1,196$868$619$435$302$241
30 years$1,144$820$577$399$272$216
31 years$1,095$775$538$366$246$193
32 years$1,049$734$502$337$223$173
33 years$1,006$695$468$310$202$155
34 years$966$658$438$285$183$139
35 years$928$625$409$262$165$125
36 years$893$593$383$242$150$112
37 years$859$563$358$223$136$100
38 years$827$535$335$205$123$90
39 years$797$509$314$189$112$81
40 years$768$484$295$174$101$73
41 years$741$461$276$161$92$65
42 years$716$439$259$149$83$58
43 years$691$418$243$137$76$53
44 years$668$399$228$127$69$47
45 years$646$380$214$117$62$42
46 years$624$363$201$108$57$38
47 years$604$346$189$100$51$34
48 years$585$330$178$92$47$31
49 years$566$315$167$85$42$28
50 years$549$301$157$79$39$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $562,000, adding $4,376 every year, while hoping to spend $42,066 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: 44/31/25 Blend
73$562,000$562,000$562,000$562,000
74$623,838$594,052$585,341$646,595
75$642,711$578,402$560,192$647,532
76$662,100$560,576$532,791$644,153
77$682,012$540,423$503,017$639,661
78$702,455$517,781$470,746$633,975
79$723,436$492,483$435,846$627,010
80$744,961$464,349$398,182$618,676
81$767,035$433,190$357,609$608,876
82$789,663$398,806$313,978$597,510
83$812,847$360,986$267,135$584,469
84$836,588$319,505$216,915$569,640
85$860,888$274,129$163,149$552,902
86$885,743$224,606$105,659$534,127
87$911,150$170,673$44,261$513,180
88$937,104$112,052$0$489,918
89$963,595$48,449$0$469,860
90$990,611$0$0$460,142
91$1,018,138$0$0$455,806
92$1,046,158$0$0$468,199
93$1,074,646$0$0$480,782
94$1,103,576$0$0$493,540
95$1,132,916$0$0$506,457
96$1,162,627$0$0$519,513
97$1,192,664$0$0$532,684
98$1,222,975$0$0$545,945
99$1,253,501$0$0$559,264
100$1,284,173$0$0$572,608