💰 Retirement Worksheet 💰

Can you retire now?

You will need $1,824,175 to retire now, based on a 4% Safe Withdrawal Rate.

If not, then based on that annual expense, when can you retire?

There isn't enough data to forecast accurately, so the following assumptions are made:

• Starting with $ in savings.
• All savings are invested in the S&P 500.
• All dividends are reinvested.
• Contributing $ in savings per month and inflated as time passes.
• Inflation is 0.31% month-to-month, based on a 50-year average from April 2024 data.
• S&P 500 growth is 0.97% month-to-month, based on a 50-year average from April 2024 data.

You should be able to retire in 34 years (May 2059) with $6,627,490 saved.