Can I retire at age 74 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$46,905$46,487$46,079$45,682$45,293$44,932
2 years$23,220$22,788$22,369$21,962$21,568$21,205
3 years$15,326$14,892$14,474$14,071$13,684$13,328
4 years$11,380$10,947$10,533$10,138$9,759$9,415
5 years$9,013$8,583$8,174$7,787$7,419$7,087
6 years$7,436$7,008$6,606$6,227$5,870$5,551
7 years$6,309$5,886$5,490$5,120$4,774$4,467
8 years$5,465$5,045$4,656$4,295$3,961$3,666
9 years$4,808$4,393$4,010$3,658$3,335$3,054
10 years$4,284$3,872$3,496$3,153$2,842$2,573
11 years$3,855$3,447$3,078$2,744$2,444$2,187
12 years$3,497$3,094$2,731$2,407$2,118$1,873
13 years$3,195$2,796$2,440$2,125$1,847$1,614
14 years$2,936$2,541$2,193$1,887$1,619$1,397
15 years$2,712$2,322$1,980$1,682$1,426$1,215
16 years$2,516$2,130$1,795$1,506$1,260$1,060
17 years$2,344$1,962$1,633$1,354$1,117$928
18 years$2,191$1,813$1,491$1,220$993$814
19 years$2,054$1,680$1,365$1,102$885$716
20 years$1,930$1,561$1,253$998$791$631
21 years$1,819$1,454$1,152$906$708$557
22 years$1,718$1,357$1,062$824$634$492
23 years$1,626$1,270$981$750$569$436
24 years$1,542$1,189$907$684$512$386
25 years$1,464$1,116$840$625$461$342
26 years$1,393$1,049$779$571$415$304
27 years$1,327$987$723$523$374$270
28 years$1,266$930$672$479$337$240
29 years$1,209$878$626$439$305$213
30 years$1,156$829$583$403$275$190
31 years$1,107$784$543$370$249$169
32 years$1,061$741$507$340$225$151
33 years$1,017$702$473$313$204$134
34 years$976$665$442$288$185$120
35 years$938$631$414$265$167$107
36 years$902$599$387$244$151$95
37 years$868$569$362$225$137$85
38 years$836$541$339$207$124$76
39 years$805$514$318$191$113$67
40 years$777$489$298$176$102$60
41 years$749$466$279$163$93$54
42 years$723$443$262$150$84$48
43 years$698$423$246$139$76$43
44 years$675$403$231$128$69$38
45 years$652$384$217$118$63$34
46 years$631$366$203$109$57$31
47 years$611$350$191$101$52$27
48 years$591$334$180$93$47$24
49 years$572$319$169$86$43$22
50 years$555$304$159$80$39$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $568,000, adding $4,035 every year, while hoping to spend $46,642 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: 77/15/8 Blend
73$568,000$568,000$568,000$568,000
74$630,098$599,994$591,190$677,583
75$644,741$579,767$561,368$689,125
76$659,315$556,986$528,984$695,367
77$673,763$531,476$493,903$700,855
78$688,021$503,052$455,983$705,493
79$702,018$471,520$415,077$709,178
80$715,672$436,674$371,031$711,797
81$728,894$398,294$323,684$713,224
82$741,582$356,151$272,867$713,324
83$753,621$310,001$218,407$711,948
84$764,885$259,585$160,118$708,931
85$775,232$204,633$97,810$704,095
86$784,502$144,857$31,283$697,244
87$792,519$79,952$0$688,162
88$799,086$9,600$0$680,004
89$803,982$0$0$672,192
90$806,966$0$0$672,774
91$807,764$0$0$673,074
92$806,076$0$0$671,253
93$801,567$0$0$667,026
94$793,866$0$0$660,078
95$782,562$0$0$650,059
96$767,198$0$0$636,582
97$747,269$0$0$619,217
98$722,214$0$0$597,488
99$691,413$0$0$570,869
100$654,180$0$0$538,777