Can I retire at age 74 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$47,731$47,306$46,891$46,486$46,091$45,838
2 years$23,629$23,189$22,762$22,349$21,948$21,694
3 years$15,596$15,154$14,729$14,319$13,925$13,676
4 years$11,581$11,140$10,719$10,316$9,931$9,690
5 years$9,172$8,734$8,318$7,924$7,550$7,317
6 years$7,567$7,132$6,722$6,337$5,974$5,749
7 years$6,420$5,989$5,586$5,210$4,858$4,642
8 years$5,561$5,134$4,738$4,370$4,030$3,823
9 years$4,893$4,470$4,081$3,723$3,394$3,196
10 years$4,359$3,940$3,558$3,209$2,892$2,702
11 years$3,922$3,508$3,132$2,793$2,487$2,305
12 years$3,559$3,148$2,780$2,450$2,155$1,982
13 years$3,251$2,845$2,483$2,163$1,880$1,714
14 years$2,988$2,586$2,231$1,920$1,648$1,490
15 years$2,760$2,362$2,015$1,712$1,451$1,301
16 years$2,561$2,168$1,826$1,533$1,282$1,140
17 years$2,385$1,996$1,662$1,377$1,137$1,002
18 years$2,229$1,845$1,517$1,241$1,011$883
19 years$2,090$1,710$1,389$1,122$901$779
20 years$1,964$1,589$1,275$1,016$805$690
21 years$1,851$1,480$1,172$922$720$611
22 years$1,748$1,381$1,081$838$646$543
23 years$1,655$1,292$998$763$579$483
24 years$1,569$1,210$923$696$521$430
25 years$1,490$1,136$855$636$469$383
26 years$1,418$1,068$793$581$422$341
27 years$1,350$1,005$736$532$381$305
28 years$1,288$947$684$488$343$272
29 years$1,230$893$637$447$310$243
30 years$1,177$843$593$410$280$217
31 years$1,126$797$553$377$253$195
32 years$1,079$754$516$346$229$174
33 years$1,035$714$482$319$207$156
34 years$994$677$450$293$188$140
35 years$955$642$421$270$170$125
36 years$918$610$394$248$154$112
37 years$883$579$368$229$140$101
38 years$851$550$345$211$127$90
39 years$820$523$323$195$115$81
40 years$790$498$303$179$104$73
41 years$762$474$284$166$94$65
42 years$736$451$266$153$86$58
43 years$711$430$250$141$78$52
44 years$687$410$235$130$71$47
45 years$664$391$220$120$64$42
46 years$642$373$207$111$58$38
47 years$621$356$194$103$53$34
48 years$601$340$183$95$48$31
49 years$583$324$172$88$44$27
50 years$564$310$162$81$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $578,000, adding $4,501 every year, while hoping to spend $25,471 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: 46/43/11 Blend
73$578,000$578,000$578,000$578,000
74$641,599$610,965$602,006$668,933
75$679,941$613,801$595,072$691,136
76$721,340$615,923$587,052$712,229
77$766,082$617,268$577,883$734,537
78$814,479$617,770$567,499$758,181
79$866,875$617,361$555,830$783,298
80$923,649$615,965$542,803$810,036
81$985,218$613,503$528,343$838,564
82$1,052,038$609,893$512,371$869,066
83$1,124,613$605,045$494,803$901,748
84$1,203,497$598,865$475,552$936,838
85$1,289,298$591,254$454,527$974,590
86$1,382,688$582,106$431,635$1,015,285
87$1,484,402$571,309$406,774$1,059,236
88$1,595,252$558,745$379,842$1,106,787
89$1,716,131$544,287$350,731$1,158,324
90$1,848,022$527,803$319,326$1,214,271
91$1,992,007$509,152$285,510$1,275,100
92$2,149,276$488,184$249,159$1,341,333
93$2,321,140$464,743$210,144$1,413,549
94$2,509,042$438,662$168,329$1,492,389
95$2,714,572$409,763$123,576$1,578,563
96$2,939,478$377,861$75,735$1,672,858
97$3,185,687$342,759$24,655$1,776,143
98$3,455,320$304,248$0$1,889,381
99$3,750,714$262,107$0$2,017,144
100$4,074,442$216,104$0$2,160,422