Can I retire at age 74 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$46,905$46,487$46,079$45,682$45,293$44,839
2 years$23,220$22,788$22,369$21,962$21,568$21,111
3 years$15,326$14,892$14,474$14,071$13,684$13,237
4 years$11,380$10,947$10,533$10,138$9,759$9,327
5 years$9,013$8,583$8,174$7,787$7,419$7,002
6 years$7,436$7,008$6,606$6,227$5,870$5,470
7 years$6,309$5,886$5,490$5,120$4,774$4,390
8 years$5,465$5,045$4,656$4,295$3,961$3,593
9 years$4,808$4,393$4,010$3,658$3,335$2,984
10 years$4,284$3,872$3,496$3,153$2,842$2,506
11 years$3,855$3,447$3,078$2,744$2,444$2,124
12 years$3,497$3,094$2,731$2,407$2,118$1,813
13 years$3,195$2,796$2,440$2,125$1,847$1,557
14 years$2,936$2,541$2,193$1,887$1,619$1,344
15 years$2,712$2,322$1,980$1,682$1,426$1,165
16 years$2,516$2,130$1,795$1,506$1,260$1,013
17 years$2,344$1,962$1,633$1,354$1,117$883
18 years$2,191$1,813$1,491$1,220$993$772
19 years$2,054$1,680$1,365$1,102$885$677
20 years$1,930$1,561$1,253$998$791$594
21 years$1,819$1,454$1,152$906$708$522
22 years$1,718$1,357$1,062$824$634$460
23 years$1,626$1,270$981$750$569$406
24 years$1,542$1,189$907$684$512$358
25 years$1,464$1,116$840$625$461$316
26 years$1,393$1,049$779$571$415$280
27 years$1,327$987$723$523$374$247
28 years$1,266$930$672$479$337$219
29 years$1,209$878$626$439$305$194
30 years$1,156$829$583$403$275$172
31 years$1,107$784$543$370$249$152
32 years$1,061$741$507$340$225$135
33 years$1,017$702$473$313$204$120
34 years$976$665$442$288$185$106
35 years$938$631$414$265$167$95
36 years$902$599$387$244$151$84
37 years$868$569$362$225$137$75
38 years$836$541$339$207$124$66
39 years$805$514$318$191$113$59
40 years$777$489$298$176$102$52
41 years$749$466$279$163$93$46
42 years$723$443$262$150$84$41
43 years$698$423$246$139$76$37
44 years$675$403$231$128$69$33
45 years$652$384$217$118$63$29
46 years$631$366$203$109$57$26
47 years$611$350$191$101$52$23
48 years$591$334$180$93$47$20
49 years$572$319$169$86$43$18
50 years$555$304$159$80$39$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $568,000, adding $5,374 every year, while hoping to spend $55,690 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: 57/32/11 Blend
73$568,000$568,000$568,000$568,000
74$631,479$601,375$592,571$665,464
75$636,636$571,589$553,169$659,247
76$640,453$538,477$510,580$645,832
77$642,734$501,816$464,639$629,885
78$643,261$461,374$415,172$611,171
79$641,794$416,901$362,001$589,435
80$638,064$368,137$304,935$564,399
81$631,774$314,803$243,778$535,761
82$622,594$256,607$178,323$503,193
83$610,159$193,241$108,358$466,337
84$594,063$124,378$33,656$424,803
85$573,858$49,673$0$378,169
86$549,047$0$0$331,377
87$519,080$0$0$294,086
88$483,349$0$0$270,635
89$441,179$0$0$243,107
90$391,826$0$0$211,036
91$334,468$0$0$173,901
92$268,193$0$0$131,132
93$191,996$0$0$82,093
94$104,765$0$0$26,087
95$5,271$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0