Can I retire at age 74 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$39,638$39,285$38,940$38,604$38,276$37,892
2 years$19,623$19,257$18,903$18,560$18,227$17,840
3 years$12,952$12,585$12,232$11,891$11,564$11,186
4 years$9,617$9,251$8,901$8,567$8,247$7,882
5 years$7,617$7,253$6,908$6,580$6,269$5,917
6 years$6,284$5,923$5,583$5,262$4,961$4,622
7 years$5,332$4,974$4,639$4,326$4,034$3,710
8 years$4,618$4,264$3,934$3,629$3,347$3,036
9 years$4,064$3,712$3,389$3,091$2,819$2,521
10 years$3,620$3,272$2,954$2,665$2,402$2,118
11 years$3,257$2,913$2,601$2,319$2,065$1,795
12 years$2,955$2,614$2,308$2,034$1,790$1,532
13 years$2,700$2,363$2,062$1,796$1,561$1,316
14 years$2,481$2,148$1,853$1,594$1,368$1,136
15 years$2,292$1,962$1,673$1,422$1,205$984
16 years$2,127$1,800$1,517$1,273$1,065$856
17 years$1,981$1,658$1,380$1,144$944$746
18 years$1,851$1,532$1,260$1,031$839$653
19 years$1,735$1,420$1,153$931$748$572
20 years$1,631$1,319$1,059$844$668$502
21 years$1,537$1,229$974$766$598$441
22 years$1,452$1,147$897$696$536$389
23 years$1,374$1,073$829$634$481$343
24 years$1,303$1,005$766$578$433$302
25 years$1,238$943$710$528$389$267
26 years$1,177$887$658$483$351$236
27 years$1,121$834$611$442$316$209
28 years$1,070$786$568$405$285$185
29 years$1,022$742$529$371$258$164
30 years$977$700$493$341$233$145
31 years$935$662$459$313$210$129
32 years$896$627$428$288$190$114
33 years$860$593$400$265$172$101
34 years$825$562$374$243$156$90
35 years$793$533$349$224$141$80
36 years$762$506$327$206$128$71
37 years$734$481$306$190$116$63
38 years$706$457$287$175$105$56
39 years$681$435$268$162$95$50
40 years$656$413$252$149$86$44
41 years$633$394$236$137$78$39
42 years$611$375$221$127$71$35
43 years$590$357$208$117$65$31
44 years$570$340$195$108$59$28
45 years$551$325$183$100$53$25
46 years$533$310$172$92$48$22
47 years$516$295$162$85$44$19
48 years$500$282$152$79$40$17
49 years$484$269$143$73$36$15
50 years$469$257$134$67$33$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $480,000, adding $5,593 every year, while hoping to spend $23,671 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: 52/29/19 Blend
73$480,000$480,000$480,000$480,000
74$534,729$509,289$501,849$559,473
75$564,086$509,059$493,475$576,860
76$595,643$508,023$484,028$592,832
77$629,602$506,119$473,445$609,694
78$666,179$503,277$461,664$627,539
79$705,617$499,426$448,617$646,469
80$748,180$494,487$434,236$666,599
81$794,157$488,380$418,446$688,055
82$843,869$481,018$401,171$710,981
83$897,666$472,310$382,332$735,533
84$955,933$462,158$361,846$761,886
85$1,019,094$450,460$339,624$790,234
86$1,087,616$437,107$315,575$820,796
87$1,162,011$421,984$289,606$853,809
88$1,242,844$404,969$261,615$889,542
89$1,330,734$385,932$231,499$928,289
90$1,426,365$364,738$199,150$970,379
91$1,530,486$341,243$164,454$1,016,177
92$1,643,925$315,293$127,292$1,066,087
93$1,767,590$286,727$87,541$1,120,555
94$1,902,482$255,375$45,072$1,180,079
95$2,049,704$221,057$0$1,245,209
96$2,210,467$183,582$0$1,316,604
97$2,386,106$142,749$0$1,404,643
98$2,578,091$98,345$0$1,500,958
99$2,788,039$50,147$0$1,606,405
100$3,017,731$0$0$1,721,934