Can I retire at age 75 with 553,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$45,666$45,259$44,863$44,475$44,097$43,600
2 years$22,607$22,186$21,778$21,382$20,999$20,498
3 years$14,922$14,499$14,092$13,700$13,322$12,834
4 years$11,080$10,658$10,255$9,870$9,502$9,030
5 years$8,775$8,356$7,958$7,581$7,223$6,768
6 years$7,239$6,823$6,432$6,063$5,715$5,279
7 years$6,143$5,730$5,345$4,984$4,648$4,229
8 years$5,321$4,912$4,533$4,181$3,856$3,455
9 years$4,681$4,277$3,904$3,562$3,247$2,865
10 years$4,171$3,770$3,404$3,070$2,767$2,402
11 years$3,753$3,356$2,997$2,672$2,380$2,032
12 years$3,405$3,012$2,659$2,344$2,062$1,731
13 years$3,111$2,722$2,376$2,069$1,798$1,484
14 years$2,859$2,474$2,135$1,837$1,576$1,278
15 years$2,641$2,260$1,927$1,638$1,388$1,105
16 years$2,450$2,074$1,747$1,467$1,227$959
17 years$2,282$1,910$1,590$1,318$1,088$835
18 years$2,133$1,765$1,452$1,188$967$728
19 years$1,999$1,636$1,329$1,073$862$637
20 years$1,879$1,520$1,220$972$770$558
21 years$1,771$1,416$1,122$882$689$489
22 years$1,673$1,322$1,034$802$618$430
23 years$1,583$1,236$955$730$554$378
24 years$1,501$1,158$883$666$498$333
25 years$1,426$1,087$818$608$448$294
26 years$1,356$1,021$758$556$404$259
27 years$1,292$961$704$509$364$229
28 years$1,233$906$655$466$329$202
29 years$1,177$854$609$428$297$178
30 years$1,126$807$567$393$268$158
31 years$1,078$763$529$361$242$139
32 years$1,033$722$494$331$219$123
33 years$990$684$461$305$198$109
34 years$951$648$431$280$180$97
35 years$913$615$403$258$163$86
36 years$878$583$377$238$147$76
37 years$845$554$353$219$134$67
38 years$814$526$330$202$121$60
39 years$784$501$309$186$110$53
40 years$756$476$290$172$100$47
41 years$729$453$272$158$90$41
42 years$704$432$255$146$82$37
43 years$680$411$239$135$74$33
44 years$657$392$225$125$68$29
45 years$635$374$211$115$61$26
46 years$614$357$198$106$56$23
47 years$594$340$186$98$51$20
48 years$575$325$175$91$46$18
49 years$557$310$164$84$42$16
50 years$540$296$155$78$38$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $553,000, adding $2,882 every year, while hoping to spend $38,029 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: 47/42/11 Blend
74$553,000$553,000$553,000$553,000
75$612,379$583,070$574,498$639,162
76$634,379$571,178$553,281$646,041
77$657,348$557,428$530,079$649,334
78$681,346$541,690$504,785$652,049
79$706,435$523,825$477,287$654,145
80$732,685$503,686$447,470$655,579
81$760,169$481,117$415,210$656,307
82$788,968$455,953$380,382$656,285
83$819,170$428,022$342,851$655,465
84$850,868$397,138$302,479$653,801
85$884,166$363,107$259,122$651,243
86$919,175$325,724$212,627$647,742
87$956,018$284,771$162,837$643,246
88$994,825$240,018$109,586$637,704
89$1,035,742$191,224$52,701$631,065
90$1,078,925$138,131$0$623,277
91$1,124,545$80,469$0$615,227
92$1,172,788$17,951$0$612,586
93$1,223,859$0$0$609,135
94$1,277,979$0$0$627,829
95$1,335,393$0$0$656,492
96$1,396,365$0$0$686,964
97$1,461,186$0$0$719,395
98$1,530,174$0$0$753,948
99$1,603,677$0$0$790,803
100$1,682,077$0$0$830,155