Can I retire at age 74 with 437,000?

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 $437,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$36,087$35,766$35,452$35,146$34,847$34,613
2 years$17,865$17,532$17,210$16,897$16,594$16,358
3 years$11,792$11,457$11,136$10,826$10,528$10,297
4 years$8,756$8,422$8,104$7,800$7,509$7,285
5 years$6,934$6,603$6,289$5,991$5,708$5,492
6 years$5,721$5,392$5,082$4,791$4,516$4,308
7 years$4,854$4,528$4,224$3,939$3,673$3,473
8 years$4,204$3,882$3,582$3,304$3,047$2,855
9 years$3,699$3,380$3,085$2,814$2,566$2,383
10 years$3,296$2,979$2,690$2,426$2,186$2,011
11 years$2,966$2,652$2,368$2,111$1,880$1,713
12 years$2,691$2,380$2,101$1,852$1,630$1,470
13 years$2,458$2,151$1,878$1,635$1,421$1,269
14 years$2,259$1,955$1,687$1,451$1,246$1,101
15 years$2,087$1,786$1,523$1,294$1,097$959
16 years$1,936$1,639$1,381$1,159$969$838
17 years$1,803$1,509$1,257$1,041$859$735
18 years$1,685$1,395$1,147$938$764$647
19 years$1,580$1,293$1,050$848$681$570
20 years$1,485$1,201$964$768$608$503
21 years$1,400$1,119$886$697$544$445
22 years$1,322$1,044$817$634$488$394
23 years$1,251$977$754$577$438$350
24 years$1,186$915$698$526$394$311
25 years$1,127$859$646$481$354$276
26 years$1,072$807$599$440$319$246
27 years$1,021$760$556$402$288$219
28 years$974$716$517$369$260$195
29 years$930$675$481$338$234$174
30 years$890$638$448$310$212$155
31 years$852$603$418$285$192$138
32 years$816$570$390$262$173$123
33 years$783$540$364$241$157$110
34 years$751$512$340$222$142$99
35 years$722$486$318$204$129$88
36 years$694$461$298$188$116$79
37 years$668$438$279$173$106$70
38 years$643$416$261$160$96$63
39 years$620$396$244$147$87$56
40 years$597$376$229$136$79$50
41 years$576$358$215$125$71$45
42 years$556$341$201$116$65$40
43 years$537$325$189$107$59$36
44 years$519$310$177$98$53$32
45 years$502$296$167$91$48$29
46 years$485$282$157$84$44$26
47 years$470$269$147$78$40$23
48 years$455$257$138$72$36$21
49 years$440$245$130$66$33$19
50 years$427$234$122$61$30$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $437,000, adding $6,354 every year, while hoping to spend $25,093 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: 64/8/28 Blend
73$437,000$437,000$437,000$437,000
74$488,128$464,967$458,194$515,364
75$511,218$461,052$446,844$530,649
76$535,823$456,104$434,274$544,016
77$562,070$450,045$420,415$558,076
78$590,099$442,795$405,197$572,903
79$620,064$434,267$388,546$588,575
80$652,133$424,369$370,385$605,181
81$686,491$413,004$350,633$622,821
82$723,341$400,069$329,207$641,604
83$762,904$385,455$306,018$661,653
84$805,426$369,047$280,975$683,103
85$851,172$350,724$253,981$706,105
86$900,438$330,356$224,935$730,827
87$953,546$307,806$193,734$757,455
88$1,010,851$282,932$160,267$786,195
89$1,072,742$255,580$124,421$817,276
90$1,139,648$225,590$86,075$850,952
91$1,212,039$192,791$45,106$887,505
92$1,290,433$157,003$1,382$927,247
93$1,375,398$118,037$0$970,524
94$1,467,560$75,692$0$1,031,247
95$1,567,606$29,756$0$1,097,633
96$1,676,293$0$0$1,169,783
97$1,794,453$0$0$1,250,024
98$1,923,001$0$0$1,340,196
99$2,062,945$0$0$1,438,390
100$2,215,393$0$0$1,545,387