Can I retire at age 74 with 575,000?

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 $575,000?

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$47,483$47,060$46,647$46,245$45,851$45,543
2 years$23,506$23,069$22,644$22,233$21,834$21,523
3 years$15,515$15,076$14,652$14,245$13,852$13,549
4 years$11,520$11,082$10,663$10,263$9,880$9,585
5 years$9,124$8,689$8,275$7,883$7,510$7,226
6 years$7,527$7,095$6,687$6,304$5,943$5,669
7 years$6,387$5,958$5,557$5,183$4,833$4,570
8 years$5,532$5,107$4,713$4,348$4,009$3,757
9 years$4,868$4,447$4,059$3,703$3,377$3,135
10 years$4,336$3,920$3,539$3,192$2,877$2,646
11 years$3,902$3,489$3,116$2,778$2,474$2,254
12 years$3,540$3,132$2,765$2,437$2,144$1,934
13 years$3,234$2,830$2,470$2,151$1,870$1,669
14 years$2,973$2,573$2,220$1,910$1,639$1,448
15 years$2,746$2,350$2,004$1,703$1,443$1,262
16 years$2,547$2,156$1,817$1,525$1,275$1,103
17 years$2,373$1,986$1,653$1,370$1,131$967
18 years$2,218$1,835$1,509$1,235$1,006$851
19 years$2,079$1,701$1,382$1,116$896$750
20 years$1,954$1,580$1,268$1,011$801$662
21 years$1,842$1,472$1,166$917$716$586
22 years$1,739$1,374$1,075$834$642$519
23 years$1,646$1,285$993$759$576$460
24 years$1,561$1,204$918$693$518$409
25 years$1,482$1,130$850$633$466$363
26 years$1,410$1,062$789$578$420$323
27 years$1,343$999$732$529$379$288
28 years$1,282$942$681$485$342$256
29 years$1,224$888$633$445$308$229
30 years$1,170$839$590$408$279$204
31 years$1,120$793$550$375$252$182
32 years$1,074$751$513$345$228$162
33 years$1,030$711$479$317$206$145
34 years$989$674$448$292$187$130
35 years$950$639$419$268$169$116
36 years$913$606$392$247$153$104
37 years$879$576$367$228$139$93
38 years$846$547$343$210$126$83
39 years$815$521$322$194$114$74
40 years$786$495$301$179$104$66
41 years$758$471$283$165$94$59
42 years$732$449$265$152$85$53
43 years$707$428$249$140$77$48
44 years$683$408$234$130$70$43
45 years$660$389$219$120$64$38
46 years$639$371$206$111$58$34
47 years$618$354$193$102$53$31
48 years$598$338$182$94$48$27
49 years$579$323$171$87$43$25
50 years$561$308$161$81$39$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $575,000, adding $2,972 every year, while hoping to spend $38,762 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: 48/40/12 Blend
73$575,000$575,000$575,000$575,000
74$636,716$606,241$597,328$665,034
75$660,418$594,704$576,096$673,313
76$685,239$581,303$552,854$678,031
77$711,252$565,905$527,493$682,282
78$738,536$548,370$499,900$686,035
79$767,177$528,551$469,957$689,258
80$797,268$506,289$437,540$691,921
81$828,912$481,420$402,520$693,991
82$862,219$453,767$364,762$695,437
83$897,308$423,145$324,125$696,226
84$934,312$389,358$280,461$696,328
85$973,373$352,197$233,618$695,713
86$1,014,647$311,445$183,434$694,350
87$1,058,303$266,868$129,741$692,211
88$1,104,527$218,222$72,365$689,271
89$1,153,522$165,248$11,122$685,505
90$1,205,509$107,672$0$680,893
91$1,260,730$45,207$0$682,360
92$1,319,449$0$0$684,920
93$1,381,957$0$0$697,049
94$1,448,570$0$0$731,216
95$1,519,636$0$0$767,703
96$1,595,535$0$0$806,713
97$1,676,684$0$0$848,464
98$1,763,539$0$0$893,196
99$1,856,603$0$0$941,174
100$1,956,425$0$0$992,688