Can I retire at age 75 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$32,123$31,837$31,558$31,285$31,019$30,837
2 years$15,903$15,606$15,319$15,041$14,771$14,587
3 years$10,496$10,199$9,913$9,637$9,371$9,191
4 years$7,794$7,497$7,214$6,943$6,684$6,509
5 years$6,173$5,878$5,598$5,333$5,081$4,912
6 years$5,092$4,800$4,524$4,265$4,020$3,858
7 years$4,321$4,031$3,760$3,506$3,270$3,113
8 years$3,743$3,455$3,188$2,941$2,712$2,563
9 years$3,293$3,008$2,746$2,505$2,284$2,141
10 years$2,934$2,652$2,394$2,160$1,946$1,809
11 years$2,640$2,361$2,108$1,880$1,674$1,543
12 years$2,395$2,119$1,871$1,649$1,451$1,325
13 years$2,188$1,915$1,671$1,455$1,265$1,145
14 years$2,011$1,741$1,502$1,292$1,109$995
15 years$1,858$1,590$1,356$1,152$976$868
16 years$1,723$1,459$1,229$1,032$863$760
17 years$1,605$1,343$1,119$927$765$667
18 years$1,500$1,241$1,021$835$680$588
19 years$1,406$1,151$935$755$606$519
20 years$1,322$1,069$858$684$542$459
21 years$1,246$996$789$620$485$406
22 years$1,177$930$727$564$434$360
23 years$1,114$869$672$514$390$320
24 years$1,056$815$621$469$351$285
25 years$1,003$764$575$428$315$254
26 years$954$718$533$391$284$226
27 years$909$676$495$358$256$202
28 years$867$637$461$328$231$180
29 years$828$601$429$301$209$161
30 years$792$568$399$276$189$143
31 years$758$537$372$254$170$128
32 years$726$508$347$233$154$115
33 years$697$481$324$214$140$103
34 years$669$456$303$197$126$92
35 years$643$432$283$182$114$82
36 years$618$410$265$167$104$74
37 years$594$390$248$154$94$66
38 years$572$370$232$142$85$59
39 years$552$352$218$131$77$53
40 years$532$335$204$121$70$47
41 years$513$319$191$111$64$43
42 years$495$304$179$103$58$38
43 years$478$289$168$95$52$34
44 years$462$276$158$88$48$31
45 years$447$263$148$81$43$28
46 years$432$251$139$75$39$25
47 years$418$239$131$69$36$22
48 years$405$229$123$64$32$20
49 years$392$218$116$59$29$18
50 years$380$209$109$55$27$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $389,000, adding $2,275 every year, while hoping to spend $23,566 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: 58/25/17 Blend
74$389,000$389,000$389,000$389,000
75$431,025$410,408$404,378$453,989
76$449,915$405,444$392,851$464,851
77$469,943$399,446$380,147$473,908
78$491,198$392,341$366,204$483,243
79$513,781$384,046$350,953$492,887
80$537,801$374,479$334,324$502,876
81$563,377$363,548$316,244$513,249
82$590,639$351,160$296,636$524,051
83$619,731$337,213$275,419$535,333
84$650,808$321,602$252,511$547,153
85$684,044$304,213$227,823$559,576
86$719,625$284,928$201,263$572,675
87$757,758$263,621$172,737$586,532
88$798,670$240,159$142,144$601,239
89$842,609$214,402$109,381$616,900
90$889,848$186,200$74,338$633,631
91$940,685$155,397$36,902$651,563
92$995,451$121,827$0$670,842
93$1,054,505$85,315$0$692,183
94$1,118,245$45,676$0$722,396
95$1,187,106$2,714$0$755,006
96$1,261,567$0$0$790,266
97$1,342,154$0$0$840,498
98$1,429,446$0$0$895,745
99$1,524,080$0$0$955,667
100$1,626,754$0$0$1,020,710