Can I retire at age 74 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$42,776$42,395$42,023$41,660$41,306$40,672
2 years$21,176$20,782$20,400$20,029$19,670$19,032
3 years$13,977$13,581$13,200$12,833$12,479$11,859
4 years$10,378$9,984$9,606$9,245$8,900$8,301
5 years$8,220$7,827$7,455$7,101$6,766$6,190
6 years$6,781$6,392$6,025$5,679$5,354$4,801
7 years$5,754$5,368$5,006$4,669$4,354$3,826
8 years$4,984$4,601$4,246$3,917$3,612$3,108
9 years$4,385$4,006$3,657$3,336$3,042$2,561
10 years$3,907$3,531$3,188$2,876$2,592$2,134
11 years$3,515$3,144$2,807$2,503$2,229$1,794
12 years$3,189$2,821$2,491$2,195$1,932$1,519
13 years$2,914$2,550$2,226$1,938$1,684$1,294
14 years$2,678$2,318$2,000$1,720$1,477$1,107
15 years$2,474$2,117$1,805$1,534$1,300$951
16 years$2,295$1,943$1,637$1,374$1,149$819
17 years$2,138$1,789$1,490$1,234$1,019$708
18 years$1,998$1,653$1,360$1,112$906$613
19 years$1,873$1,532$1,245$1,005$807$532
20 years$1,761$1,424$1,142$910$721$463
21 years$1,659$1,326$1,051$826$645$403
22 years$1,567$1,238$968$751$578$351
23 years$1,483$1,158$894$684$519$307
24 years$1,406$1,085$827$624$467$268
25 years$1,335$1,018$766$570$420$234
26 years$1,270$957$710$521$378$205
27 years$1,210$900$660$477$341$180
28 years$1,155$848$613$437$308$157
29 years$1,103$800$571$401$278$138
30 years$1,054$756$532$368$251$121
31 years$1,009$715$496$338$227$106
32 years$967$676$462$310$205$93
33 years$928$640$432$285$186$82
34 years$891$607$403$263$168$72
35 years$856$576$377$242$152$63
36 years$823$546$353$223$138$55
37 years$792$519$330$205$125$49
38 years$762$493$309$189$113$43
39 years$735$469$290$174$103$38
40 years$708$446$272$161$93$33
41 years$683$425$255$148$85$29
42 years$659$404$239$137$77$25
43 years$637$385$224$126$70$22
44 years$615$367$210$117$63$20
45 years$595$350$198$108$57$17
46 years$575$334$186$100$52$15
47 years$557$319$174$92$47$13
48 years$539$304$164$85$43$12
49 years$522$291$154$79$39$10
50 years$506$278$145$73$35$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $518,000, adding $4,222 every year, while hoping to spend $32,204 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: 44/26/30 Blend
73$518,000$518,000$518,000$518,000
74$575,191$547,737$539,708$595,330
75$599,596$540,311$523,523$602,734
76$625,410$531,442$505,717$607,384
77$652,745$521,026$486,201$611,821
78$681,719$508,950$464,883$616,045
79$712,464$495,098$441,666$620,056
80$745,122$479,345$416,450$623,859
81$779,852$461,561$389,128$627,463
82$816,824$441,604$359,591$630,877
83$856,226$419,329$327,723$634,117
84$898,264$394,579$293,405$637,203
85$943,163$367,189$256,510$640,161
86$991,170$336,985$216,907$643,021
87$1,042,555$303,784$174,459$645,823
88$1,097,616$267,389$129,024$648,614
89$1,156,677$227,596$80,451$651,447
90$1,220,097$184,186$28,584$654,390
91$1,288,266$136,931$0$657,519
92$1,361,616$85,588$0$669,493
93$1,440,620$29,900$0$692,168
94$1,525,795$0$0$716,564
95$1,617,712$0$0$751,576
96$1,716,998$0$0$798,684
97$1,824,341$0$0$849,666
98$1,940,497$0$0$904,888
99$2,066,299$0$0$964,752
100$2,202,660$0$0$1,029,701