Can I retire at age 75 with 398,000?

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 $398,000?

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$32,866$32,574$32,288$32,009$31,737$31,524
2 years$16,271$15,968$15,674$15,389$15,113$14,898
3 years$10,739$10,435$10,142$9,860$9,588$9,378
4 years$7,974$7,671$7,381$7,104$6,838$6,635
5 years$6,316$6,014$5,728$5,456$5,198$5,002
6 years$5,210$4,911$4,629$4,363$4,113$3,924
7 years$4,421$4,124$3,847$3,587$3,345$3,163
8 years$3,829$3,535$3,262$3,009$2,775$2,601
9 years$3,369$3,078$2,810$2,563$2,337$2,170
10 years$3,002$2,713$2,450$2,210$1,991$1,831
11 years$2,701$2,415$2,157$1,923$1,713$1,560
12 years$2,451$2,168$1,914$1,687$1,484$1,338
13 years$2,239$1,959$1,710$1,489$1,294$1,155
14 years$2,058$1,781$1,536$1,322$1,134$1,002
15 years$1,901$1,627$1,387$1,179$999$873
16 years$1,763$1,493$1,258$1,056$883$764
17 years$1,642$1,375$1,144$948$783$670
18 years$1,535$1,270$1,045$855$696$589
19 years$1,439$1,177$956$772$620$519
20 years$1,353$1,094$878$699$554$458
21 years$1,275$1,019$807$635$496$405
22 years$1,204$951$744$577$444$359
23 years$1,139$890$687$526$399$318
24 years$1,080$833$635$479$359$283
25 years$1,026$782$589$438$323$251
26 years$976$735$546$400$291$224
27 years$930$692$507$366$262$199
28 years$887$652$471$336$236$177
29 years$847$615$438$308$214$158
30 years$810$581$408$283$193$141
31 years$776$549$381$260$174$126
32 years$743$520$355$238$158$112
33 years$713$492$332$219$143$100
34 years$684$466$310$202$129$90
35 years$657$442$290$186$117$80
36 years$632$420$271$171$106$72
37 years$608$399$254$158$96$64
38 years$586$379$238$145$87$57
39 years$564$360$223$134$79$51
40 years$544$343$209$124$72$46
41 years$525$326$196$114$65$41
42 years$507$311$184$105$59$37
43 years$489$296$172$97$54$33
44 years$473$282$162$90$49$29
45 years$457$269$152$83$44$26
46 years$442$257$143$76$40$24
47 years$428$245$134$71$36$21
48 years$414$234$126$65$33$19
49 years$401$223$118$60$30$17
50 years$389$213$111$56$27$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $398,000, adding $5,199 every year, while hoping to spend $35,100 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: 75/5/20 Blend
74$398,000$398,000$398,000$398,000
75$443,959$422,865$416,696$474,783
76$451,896$406,239$393,309$479,295
77$459,467$387,622$367,962$479,438
78$466,597$366,880$340,553$478,681
79$473,202$343,869$310,974$476,926
80$479,190$318,440$279,113$474,067
81$484,457$290,433$244,852$469,983
82$488,887$259,680$208,071$464,547
83$492,352$226,003$168,640$457,615
84$494,709$189,214$126,426$449,033
85$495,799$149,115$81,291$438,630
86$495,445$105,496$33,088$426,220
87$493,450$58,135$0$411,596
88$489,597$6,799$0$398,450
89$483,645$0$0$390,409
90$475,325$0$0$382,853
91$464,340$0$0$373,459
92$450,361$0$0$361,581
93$433,024$0$0$346,917
94$411,926$0$0$329,133
95$386,620$0$0$307,861
96$356,612$0$0$282,691
97$321,355$0$0$253,172
98$280,247$0$0$218,804
99$232,617$0$0$179,035
100$177,729$0$0$133,253