Can I retire at age 75 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$95,792$94,938$94,106$93,293$92,500$91,840
2 years$47,422$46,538$45,683$44,853$44,048$43,382
3 years$31,300$30,413$29,560$28,738$27,946$27,295
4 years$23,241$22,357$21,512$20,704$19,931$19,301
5 years$18,407$17,528$16,694$15,902$15,151$14,543
6 years$15,185$14,313$13,491$12,717$11,989$11,403
7 years$12,885$12,020$11,211$10,456$9,750$9,187
8 years$11,161$10,303$9,508$8,771$8,089$7,549
9 years$9,820$8,971$8,189$7,471$6,812$6,295
10 years$8,748$7,908$7,140$6,440$5,804$5,310
11 years$7,872$7,040$6,286$5,605$4,992$4,520
12 years$7,142$6,318$5,578$4,916$4,326$3,876
13 years$6,525$5,710$4,984$4,340$3,772$3,343
14 years$5,997$5,190$4,478$3,853$3,307$2,899
15 years$5,539$4,741$4,043$3,436$2,911$2,524
16 years$5,139$4,350$3,666$3,077$2,573$2,205
17 years$4,787$4,006$3,336$2,764$2,281$1,933
18 years$4,474$3,702$3,045$2,491$2,029$1,698
19 years$4,194$3,431$2,788$2,251$1,808$1,496
20 years$3,942$3,188$2,558$2,039$1,615$1,320
21 years$3,715$2,970$2,353$1,850$1,445$1,166
22 years$3,509$2,772$2,169$1,682$1,295$1,033
23 years$3,321$2,593$2,002$1,532$1,163$915
24 years$3,149$2,429$1,852$1,397$1,045$812
25 years$2,991$2,280$1,715$1,276$941$721
26 years$2,845$2,143$1,591$1,167$847$641
27 years$2,710$2,016$1,477$1,068$764$570
28 years$2,585$1,900$1,373$979$689$508
29 years$2,469$1,792$1,278$897$622$452
30 years$2,361$1,693$1,190$824$562$403
31 years$2,260$1,600$1,110$756$508$360
32 years$2,166$1,514$1,035$695$460$321
33 years$2,077$1,434$967$639$416$286
34 years$1,994$1,359$903$588$377$256
35 years$1,916$1,289$844$541$341$228
36 years$1,842$1,223$790$499$309$204
37 years$1,773$1,162$739$459$280$182
38 years$1,707$1,104$692$423$254$163
39 years$1,645$1,050$649$390$230$146
40 years$1,586$999$608$360$209$130
41 years$1,530$951$570$332$190$116
42 years$1,477$906$535$307$172$104
43 years$1,426$863$502$283$156$93
44 years$1,378$823$471$261$142$83
45 years$1,332$784$442$241$129$74
46 years$1,289$748$415$223$117$67
47 years$1,247$714$390$206$106$60
48 years$1,207$682$367$190$96$53
49 years$1,169$651$345$176$87$48
50 years$1,133$622$324$163$79$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,160,000, adding $4,302 every year, while hoping to spend $39,688 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: 70/12/18 Blend
74$1,160,000$1,160,000$1,160,000$1,160,000
75$1,282,758$1,221,278$1,203,298$1,366,733
76$1,371,371$1,238,892$1,201,380$1,440,838
77$1,467,693$1,256,040$1,198,069$1,516,794
78$1,572,468$1,272,656$1,193,274$1,598,931
79$1,686,514$1,288,671$1,186,903$1,687,856
80$1,810,733$1,304,011$1,178,859$1,784,235
81$1,946,117$1,318,596$1,169,040$1,888,804
82$2,093,757$1,332,343$1,157,339$2,002,377
83$2,254,854$1,345,162$1,143,643$2,125,846
84$2,430,729$1,356,955$1,127,836$2,260,198
85$2,622,840$1,367,622$1,109,794$2,406,521
86$2,832,787$1,377,053$1,089,390$2,566,012
87$3,062,335$1,385,133$1,066,488$2,739,993
88$3,313,426$1,391,737$1,040,949$2,929,921
89$3,588,198$1,396,735$1,012,623$3,137,400
90$3,889,007$1,399,987$981,358$3,364,203
91$4,218,444$1,401,345$946,992$3,612,280
92$4,579,366$1,400,651$909,357$3,883,783
93$4,974,917$1,397,739$868,276$4,181,084
94$5,408,561$1,392,430$823,566$4,506,799
95$5,884,111$1,384,537$775,033$4,863,810
96$6,405,770$1,373,859$722,476$5,255,296
97$6,978,165$1,360,184$665,685$5,684,762
98$7,606,393$1,343,288$604,440$6,156,069
99$8,296,068$1,322,932$538,513$6,673,477
100$9,053,376$1,298,865$467,661$7,241,680