Can I retire at age 75 with 549,000?

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 $549,000?

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$45,336$44,932$44,538$44,154$43,778$43,520
2 years$22,444$22,026$21,620$21,228$20,847$20,587
3 years$14,814$14,394$13,990$13,601$13,226$12,972
4 years$11,000$10,581$10,181$9,799$9,433$9,186
5 years$8,712$8,296$7,901$7,526$7,171$6,933
6 years$7,187$6,774$6,385$6,019$5,674$5,445
7 years$6,098$5,689$5,306$4,948$4,614$4,394
8 years$5,282$4,876$4,500$4,151$3,828$3,617
9 years$4,648$4,246$3,876$3,536$3,224$3,021
10 years$4,140$3,742$3,379$3,048$2,747$2,553
11 years$3,726$3,332$2,975$2,653$2,362$2,177
12 years$3,380$2,990$2,640$2,327$2,047$1,870
13 years$3,088$2,702$2,359$2,054$1,785$1,616
14 years$2,838$2,456$2,119$1,823$1,565$1,404
15 years$2,622$2,244$1,913$1,626$1,378$1,225
16 years$2,432$2,059$1,735$1,456$1,218$1,073
17 years$2,265$1,896$1,579$1,308$1,080$942
18 years$2,117$1,752$1,441$1,179$960$829
19 years$1,985$1,624$1,319$1,065$856$732
20 years$1,866$1,509$1,211$965$764$647
21 years$1,758$1,405$1,114$876$684$573
22 years$1,661$1,312$1,026$796$613$509
23 years$1,572$1,227$948$725$550$452
24 years$1,490$1,150$876$661$495$402
25 years$1,415$1,079$812$604$445$358
26 years$1,346$1,014$753$552$401$319
27 years$1,283$954$699$505$362$284
28 years$1,224$899$650$463$326$254
29 years$1,169$848$605$425$295$227
30 years$1,118$801$563$390$266$202
31 years$1,070$757$525$358$241$181
32 years$1,025$717$490$329$218$162
33 years$983$679$458$303$197$145
34 years$944$643$427$278$178$130
35 years$907$610$400$256$162$116
36 years$872$579$374$236$146$104
37 years$839$550$350$217$133$93
38 years$808$523$328$200$120$83
39 years$778$497$307$185$109$75
40 years$751$473$288$170$99$67
41 years$724$450$270$157$90$60
42 years$699$429$253$145$81$54
43 years$675$408$238$134$74$48
44 years$652$389$223$124$67$43
45 years$631$371$209$114$61$39
46 years$610$354$197$106$55$35
47 years$590$338$185$97$50$31
48 years$571$323$174$90$46$28
49 years$553$308$163$83$41$25
50 years$536$294$153$77$38$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $549,000, adding $5,278 every year, while hoping to spend $31,190 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: 59/32/9 Blend
74$549,000$549,000$549,000$549,000
75$610,442$581,345$572,836$644,896
76$639,521$576,645$558,840$663,970
77$670,521$570,670$543,330$680,760
78$703,605$563,323$526,222$698,298
79$738,951$554,504$507,428$716,658
80$776,755$544,105$486,858$735,924
81$817,231$532,014$464,415$756,188
82$860,616$518,110$440,000$777,554
83$907,166$502,265$413,508$800,136
84$957,166$484,344$384,829$824,064
85$1,010,926$464,206$353,850$849,482
86$1,068,787$441,699$320,451$876,550
87$1,131,125$416,664$284,508$905,446
88$1,198,351$388,932$245,890$936,370
89$1,270,918$358,325$204,462$969,543
90$1,349,321$324,653$160,081$1,005,212
91$1,434,109$287,717$112,601$1,043,651
92$1,525,880$247,307$61,864$1,085,166
93$1,625,294$203,200$7,712$1,130,096
94$1,733,078$155,160$0$1,178,818
95$1,850,029$102,940$0$1,236,561
96$1,977,024$46,277$0$1,300,083
97$2,115,029$0$0$1,369,178
98$2,265,106$0$0$1,449,758
99$2,428,422$0$0$1,555,220
100$2,606,263$0$0$1,670,102