Can I retire at age 75 with 315,000?

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 $315,000?

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$26,012$25,781$25,555$25,334$25,119$24,918
2 years$12,877$12,638$12,405$12,180$11,961$11,760
3 years$8,500$8,259$8,027$7,804$7,589$7,392
4 years$6,311$6,071$5,842$5,622$5,412$5,221
5 years$4,999$4,760$4,533$4,318$4,114$3,930
6 years$4,124$3,887$3,664$3,453$3,256$3,078
7 years$3,499$3,264$3,044$2,839$2,648$2,477
8 years$3,031$2,798$2,582$2,382$2,196$2,033
9 years$2,667$2,436$2,224$2,029$1,850$1,694
10 years$2,376$2,147$1,939$1,749$1,576$1,427
11 years$2,138$1,912$1,707$1,522$1,355$1,213
12 years$1,939$1,716$1,515$1,335$1,175$1,039
13 years$1,772$1,551$1,353$1,179$1,024$895
14 years$1,628$1,409$1,216$1,046$898$775
15 years$1,504$1,288$1,098$933$791$674
16 years$1,396$1,181$995$835$699$588
17 years$1,300$1,088$906$751$620$515
18 years$1,215$1,005$827$676$551$452
19 years$1,139$932$757$611$491$397
20 years$1,071$866$695$554$439$350
21 years$1,009$806$639$502$392$309
22 years$953$753$589$457$352$273
23 years$902$704$544$416$316$242
24 years$855$660$503$379$284$214
25 years$812$619$466$347$255$190
26 years$773$582$432$317$230$168
27 years$736$548$401$290$207$150
28 years$702$516$373$266$187$133
29 years$671$487$347$244$169$118
30 years$641$460$323$224$153$105
31 years$614$435$301$205$138$94
32 years$588$411$281$189$125$83
33 years$564$389$263$174$113$74
34 years$542$369$245$160$102$66
35 years$520$350$229$147$93$59
36 years$500$332$215$135$84$53
37 years$481$316$201$125$76$47
38 years$464$300$188$115$69$42
39 years$447$285$176$106$63$37
40 years$431$271$165$98$57$33
41 years$415$258$155$90$51$30
42 years$401$246$145$83$47$27
43 years$387$234$136$77$42$24
44 years$374$223$128$71$38$21
45 years$362$213$120$66$35$19
46 years$350$203$113$61$32$17
47 years$339$194$106$56$29$15
48 years$328$185$100$52$26$13
49 years$317$177$94$48$24$12
50 years$308$169$88$44$22$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $315,000, adding $3,216 every year, while hoping to spend $20,448 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: 82/11/7 Blend
74$315,000$315,000$315,000$315,000
75$350,447$333,752$328,870$378,679
76$364,436$328,350$318,130$392,211
77$379,167$321,997$306,346$403,999
78$394,693$314,626$293,460$416,311
79$411,074$306,165$279,413$429,187
80$428,374$296,537$264,143$442,673
81$446,662$285,661$247,586$456,817
82$466,015$273,452$229,674$471,674
83$486,517$259,820$210,336$487,303
84$508,258$244,668$189,499$503,772
85$531,339$227,895$167,086$521,152
86$555,868$209,394$143,016$539,524
87$581,965$189,052$117,204$558,977
88$609,759$166,750$89,565$579,608
89$639,394$142,360$60,005$601,525
90$671,026$115,750$28,429$624,848
91$704,827$86,778$0$649,708
92$740,984$55,294$0$676,643
93$779,703$21,143$0$707,712
94$821,211$0$0$740,975
95$865,755$0$0$778,551
96$913,607$0$0$821,673
97$965,065$0$0$868,050
98$1,020,458$0$0$917,979
99$1,080,145$0$0$971,783
100$1,144,521$0$0$1,029,822