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%11%
1 years$46,905$46,487$46,079$45,682$45,293$45,102
2 years$23,220$22,788$22,369$21,962$21,568$21,375
3 years$15,326$14,892$14,474$14,071$13,684$13,495
4 years$11,380$10,947$10,533$10,138$9,759$9,576
5 years$9,013$8,583$8,174$7,787$7,419$7,242
6 years$7,436$7,008$6,606$6,227$5,870$5,700
7 years$6,309$5,886$5,490$5,120$4,774$4,610
8 years$5,465$5,045$4,656$4,295$3,961$3,803
9 years$4,808$4,393$4,010$3,658$3,335$3,184
10 years$4,284$3,872$3,496$3,153$2,842$2,697
11 years$3,855$3,447$3,078$2,744$2,444$2,306
12 years$3,497$3,094$2,731$2,407$2,118$1,986
13 years$3,195$2,796$2,440$2,125$1,847$1,721
14 years$2,936$2,541$2,193$1,887$1,619$1,499
15 years$2,712$2,322$1,980$1,682$1,426$1,311
16 years$2,516$2,130$1,795$1,506$1,260$1,151
17 years$2,344$1,962$1,633$1,354$1,117$1,014
18 years$2,191$1,813$1,491$1,220$993$895
19 years$2,054$1,680$1,365$1,102$885$792
20 years$1,930$1,561$1,253$998$791$702
21 years$1,819$1,454$1,152$906$708$624
22 years$1,718$1,357$1,062$824$634$555
23 years$1,626$1,270$981$750$569$495
24 years$1,542$1,189$907$684$512$441
25 years$1,464$1,116$840$625$461$394
26 years$1,393$1,049$779$571$415$352
27 years$1,327$987$723$523$374$315
28 years$1,266$930$672$479$337$282
29 years$1,209$878$626$439$305$253
30 years$1,156$829$583$403$275$227
31 years$1,107$784$543$370$249$203
32 years$1,061$741$507$340$225$182
33 years$1,017$702$473$313$204$164
34 years$976$665$442$288$185$147
35 years$938$631$414$265$167$132
36 years$902$599$387$244$151$119
37 years$868$569$362$225$137$107
38 years$836$541$339$207$124$96
39 years$805$514$318$191$113$86
40 years$777$489$298$176$102$78
41 years$749$466$279$163$93$70
42 years$723$443$262$150$84$63
43 years$698$423$246$139$76$56
44 years$675$403$231$128$69$51
45 years$652$384$217$118$63$46
46 years$631$366$203$109$57$41
47 years$611$350$191$101$52$37
48 years$591$334$180$93$47$33
49 years$572$319$169$86$43$30
50 years$555$304$159$80$39$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $568,000, adding $2,260 every year, while hoping to spend $33,676 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: 47/26/27 Blend
73$568,000$568,000$568,000$568,000
74$628,267$598,163$589,359$652,843
75$656,519$591,642$573,272$663,869
76$686,525$583,673$555,517$672,361
77$718,426$574,149$536,003$680,922
78$752,381$562,958$514,634$689,577
79$788,560$549,979$491,311$698,354
80$827,152$535,087$465,928$707,287
81$868,362$518,147$438,377$716,415
82$912,417$499,017$408,544$725,785
83$959,562$477,548$376,309$735,451
84$1,010,070$453,580$341,548$745,475
85$1,064,237$426,945$304,130$755,929
86$1,122,390$397,467$263,920$766,895
87$1,184,888$364,956$220,775$778,470
88$1,252,122$329,215$174,546$790,760
89$1,324,526$290,034$125,081$803,888
90$1,402,572$247,190$72,215$817,996
91$1,486,781$200,449$15,782$833,241
92$1,577,726$149,565$0$849,804
93$1,676,036$94,275$0$880,691
94$1,782,400$34,303$0$919,012
95$1,897,579$0$0$960,528
96$2,022,407$0$0$1,014,356
97$2,157,803$0$0$1,083,439
98$2,304,776$0$0$1,158,486
99$2,464,438$0$0$1,240,071
100$2,638,008$0$0$1,328,825