Can I retire at age 74 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$41,290$40,922$40,563$40,213$39,871$38,441
2 years$20,440$20,060$19,691$19,333$18,986$17,561
3 years$13,492$13,109$12,741$12,387$12,046$10,670
4 years$10,018$9,637$9,272$8,924$8,591$7,275
5 years$7,934$7,555$7,196$6,855$6,531$5,279
6 years$6,545$6,169$5,815$5,482$5,168$3,980
7 years$5,554$5,181$4,832$4,507$4,203$3,079
8 years$4,811$4,441$4,098$3,781$3,486$2,426
9 years$4,233$3,867$3,530$3,220$2,936$1,938
10 years$3,771$3,408$3,077$2,776$2,502$1,563
11 years$3,393$3,034$2,709$2,416$2,152$1,271
12 years$3,079$2,723$2,404$2,119$1,864$1,040
13 years$2,813$2,461$2,148$1,871$1,626$856
14 years$2,585$2,237$1,930$1,661$1,425$706
15 years$2,388$2,044$1,743$1,481$1,255$585
16 years$2,215$1,875$1,580$1,326$1,109$486
17 years$2,063$1,727$1,438$1,191$983$404
18 years$1,928$1,596$1,312$1,074$874$337
19 years$1,808$1,479$1,202$970$779$281
20 years$1,699$1,374$1,103$879$696$235
21 years$1,601$1,280$1,014$798$623$197
22 years$1,512$1,195$935$725$558$165
23 years$1,431$1,118$863$660$501$138
24 years$1,357$1,047$798$602$451$116
25 years$1,289$983$739$550$405$97
26 years$1,226$923$686$503$365$82
27 years$1,168$869$637$460$329$68
28 years$1,114$819$592$422$297$57
29 years$1,064$773$551$387$268$48
30 years$1,018$730$513$355$242$41
31 years$974$690$478$326$219$34
32 years$934$653$446$300$198$29
33 years$895$618$417$276$179$24
34 years$860$586$389$254$162$20
35 years$826$556$364$233$147$17
36 years$794$527$341$215$133$14
37 years$764$501$319$198$121$12
38 years$736$476$298$183$110$10
39 years$709$453$280$168$99$9
40 years$684$431$262$155$90$7
41 years$659$410$246$143$82$6
42 years$637$390$231$132$74$5
43 years$615$372$216$122$67$4
44 years$594$355$203$113$61$4
45 years$574$338$191$104$55$3
46 years$555$323$179$96$50$3
47 years$538$308$168$89$46$2
48 years$520$294$158$82$42$2
49 years$504$281$149$76$38$2
50 years$488$268$140$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $500,000, adding $3,929 every year, while hoping to spend $28,878 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: 71/5/24 Blend
73$500,000$500,000$500,000$500,000
74$555,053$528,553$520,803$590,851
75$580,942$523,726$507,524$610,444
76$608,504$517,695$492,832$628,129
77$637,880$510,369$476,650$646,797
78$669,221$501,656$458,895$666,544
79$702,698$491,452$439,484$687,475
80$738,493$479,654$418,327$709,706
81$776,809$466,147$395,331$733,367
82$817,868$450,812$370,398$758,600
83$861,912$433,523$343,428$785,564
84$909,208$414,147$314,314$814,434
85$960,048$392,541$282,945$845,405
86$1,014,755$368,558$249,205$878,692
87$1,073,681$342,037$212,974$914,531
88$1,137,212$312,813$174,125$953,187
89$1,205,775$280,709$132,526$994,950
90$1,279,838$245,537$88,039$1,040,143
91$1,359,914$207,101$40,521$1,089,121
92$1,446,568$165,191$0$1,142,279
93$1,540,420$119,588$0$1,202,661
94$1,642,154$70,060$0$1,279,383
95$1,752,521$16,359$0$1,362,631
96$1,872,345$0$0$1,453,037
97$2,002,534$0$0$1,553,596
98$2,144,089$0$0$1,663,935
99$2,298,106$0$0$1,784,011
100$2,465,796$0$0$1,914,772