Can I retire at age 74 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$47,566$47,142$46,728$46,325$45,931$45,170
2 years$23,547$23,109$22,684$22,272$21,872$21,108
3 years$15,542$15,102$14,678$14,270$13,876$13,132
4 years$11,541$11,101$10,682$10,280$9,897$9,179
5 years$9,140$8,704$8,289$7,896$7,523$6,833
6 years$7,540$7,107$6,699$6,315$5,953$5,292
7 years$6,398$5,969$5,567$5,192$4,841$4,210
8 years$5,542$5,116$4,721$4,355$4,016$3,414
9 years$4,876$4,455$4,066$3,710$3,382$2,808
10 years$4,344$3,926$3,545$3,198$2,882$2,336
11 years$3,909$3,496$3,121$2,783$2,479$1,960
12 years$3,546$3,137$2,770$2,441$2,148$1,656
13 years$3,240$2,835$2,475$2,155$1,873$1,408
14 years$2,978$2,577$2,224$1,913$1,642$1,202
15 years$2,750$2,354$2,008$1,706$1,446$1,030
16 years$2,552$2,160$1,820$1,528$1,278$886
17 years$2,377$1,989$1,656$1,373$1,133$764
18 years$2,221$1,838$1,512$1,237$1,007$660
19 years$2,083$1,704$1,384$1,118$898$572
20 years$1,958$1,583$1,270$1,012$802$496
21 years$1,845$1,475$1,168$919$718$431
22 years$1,742$1,376$1,077$835$643$375
23 years$1,649$1,287$994$761$577$327
24 years$1,564$1,206$920$694$519$285
25 years$1,485$1,132$852$634$467$248
26 years$1,413$1,064$790$579$421$217
27 years$1,346$1,001$734$530$379$189
28 years$1,284$943$682$486$342$166
29 years$1,226$890$635$446$309$145
30 years$1,172$841$591$409$279$127
31 years$1,122$795$551$376$252$111
32 years$1,075$752$514$345$228$97
33 years$1,032$712$480$317$207$85
34 years$990$675$449$292$187$74
35 years$951$640$419$269$169$65
36 years$915$608$392$248$154$57
37 years$880$577$367$228$139$50
38 years$848$548$344$210$126$44
39 years$817$521$322$194$114$38
40 years$787$496$302$179$104$34
41 years$760$472$283$165$94$30
42 years$733$450$266$152$85$26
43 years$708$429$249$141$78$23
44 years$684$408$234$130$70$20
45 years$662$390$220$120$64$17
46 years$640$372$206$111$58$15
47 years$619$355$194$102$53$13
48 years$599$339$182$95$48$12
49 years$580$323$171$87$43$10
50 years$562$309$161$81$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $576,000, adding $4,812 every year, while hoping to spend $29,553 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: 73/20/7 Blend
73$576,000$576,000$576,000$576,000
74$639,716$609,188$600,260$685,429
75$673,522$607,594$588,924$714,624
76$709,787$604,931$576,218$742,405
77$748,729$601,116$562,065$771,997
78$790,589$596,061$546,384$803,568
79$835,632$589,670$529,091$837,305
80$884,148$581,846$510,097$873,416
81$936,456$572,481$489,310$912,127
82$992,906$561,464$466,633$953,690
83$1,053,883$548,677$441,967$998,383
84$1,119,811$533,994$415,204$1,046,513
85$1,191,154$517,282$386,236$1,098,417
86$1,268,423$498,400$354,946$1,154,469
87$1,352,181$477,200$321,215$1,215,081
88$1,443,044$453,524$284,917$1,280,709
89$1,541,694$427,206$245,921$1,351,854
90$1,648,876$398,069$204,089$1,429,071
91$1,765,414$365,927$159,279$1,512,973
92$1,892,212$330,583$111,340$1,604,234
93$2,030,266$291,829$60,118$1,703,602
94$2,180,670$249,445$5,449$1,811,898
95$2,344,629$203,199$0$1,930,033
96$2,523,470$152,845$0$2,062,958
97$2,718,654$98,124$0$2,208,522
98$2,931,787$38,763$0$2,367,553
99$3,164,638$0$0$2,541,412
100$3,419,154$0$0$2,737,222