Can I retire at age 74 with 406,000?

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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$33,527$33,228$32,937$32,653$32,375$31,326
2 years$16,598$16,288$15,989$15,698$15,417$14,370
3 years$10,955$10,645$10,346$10,058$9,781$8,769
4 years$8,134$7,825$7,529$7,246$6,976$6,006
5 years$6,443$6,135$5,843$5,566$5,303$4,379
6 years$5,315$5,010$4,722$4,451$4,196$3,318
7 years$4,510$4,207$3,924$3,659$3,413$2,580
8 years$3,906$3,606$3,328$3,070$2,831$2,044
9 years$3,437$3,140$2,866$2,615$2,384$1,641
10 years$3,062$2,768$2,499$2,254$2,031$1,332
11 years$2,755$2,464$2,200$1,962$1,747$1,089
12 years$2,500$2,211$1,952$1,721$1,514$897
13 years$2,284$1,998$1,744$1,519$1,320$742
14 years$2,099$1,817$1,567$1,348$1,157$616
15 years$1,939$1,659$1,415$1,203$1,019$514
16 years$1,799$1,523$1,283$1,077$901$429
17 years$1,675$1,402$1,167$967$799$360
18 years$1,566$1,296$1,066$872$710$302
19 years$1,468$1,201$976$788$633$254
20 years$1,380$1,116$895$714$565$214
21 years$1,300$1,039$824$648$506$180
22 years$1,228$970$759$589$453$152
23 years$1,162$907$701$536$407$128
24 years$1,102$850$648$489$366$108
25 years$1,047$798$600$447$329$91
26 years$996$750$557$408$297$77
27 years$949$706$517$374$267$65
28 years$905$665$481$342$241$55
29 years$864$627$447$314$218$47
30 years$826$592$417$288$197$40
31 years$791$560$388$265$178$34
32 years$758$530$362$243$161$28
33 years$727$502$338$224$146$24
34 years$698$476$316$206$132$20
35 years$671$451$296$189$119$17
36 years$645$428$277$175$108$15
37 years$620$407$259$161$98$12
38 years$597$387$242$148$89$10
39 years$576$368$227$137$81$9
40 years$555$350$213$126$73$8
41 years$535$333$200$116$66$6
42 years$517$317$187$107$60$5
43 years$499$302$176$99$55$5
44 years$482$288$165$91$50$4
45 years$466$275$155$84$45$3
46 years$451$262$145$78$41$3
47 years$436$250$137$72$37$2
48 years$423$239$128$67$34$2
49 years$409$228$121$62$31$2
50 years$396$218$113$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $406,000, adding $2,708 every year, while hoping to spend $37,644 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: 46/48/6 Blend
73$406,000$406,000$406,000$406,000
74$450,205$428,687$422,394$470,061
75$456,073$409,640$396,492$464,943
76$461,278$388,398$368,459$455,239
77$465,713$364,813$338,187$443,828
78$469,257$338,731$305,558$430,566
79$471,778$309,985$270,451$415,293
80$473,128$278,403$232,739$397,840
81$473,142$243,800$192,292$378,023
82$471,638$205,982$148,969$355,642
83$468,413$164,743$102,627$330,483
84$463,243$119,867$53,116$302,312
85$455,877$71,124$279$270,879
86$446,039$18,271$0$235,912
87$433,423$0$0$200,708
88$417,690$0$0$182,179
89$398,463$0$0$171,502
90$375,328$0$0$158,814
91$347,824$0$0$143,881
92$315,443$0$0$126,444
93$277,621$0$0$106,217
94$233,736$0$0$82,884
95$183,101$0$0$56,095
96$124,955$0$0$25,462
97$58,458$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0