Can I retire at age 75 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$45,997$45,587$45,187$44,797$44,416$43,698
2 years$22,771$22,346$21,935$21,537$21,150$20,429
3 years$15,030$14,604$14,194$13,799$13,419$12,717
4 years$11,160$10,735$10,329$9,941$9,570$8,893
5 years$8,839$8,417$8,016$7,636$7,275$6,624
6 years$7,292$6,873$6,478$6,107$5,757$5,133
7 years$6,187$5,772$5,383$5,021$4,682$4,085
8 years$5,359$4,947$4,566$4,212$3,884$3,314
9 years$4,715$4,308$3,932$3,587$3,271$2,728
10 years$4,201$3,797$3,428$3,092$2,787$2,271
11 years$3,780$3,380$3,018$2,691$2,397$1,907
12 years$3,429$3,034$2,679$2,361$2,077$1,612
13 years$3,133$2,742$2,393$2,084$1,811$1,371
14 years$2,879$2,492$2,150$1,850$1,588$1,171
15 years$2,660$2,277$1,941$1,650$1,398$1,005
16 years$2,468$2,089$1,760$1,477$1,236$865
17 years$2,298$1,924$1,602$1,327$1,095$746
18 years$2,148$1,778$1,462$1,196$974$646
19 years$2,014$1,647$1,338$1,081$868$559
20 years$1,893$1,531$1,228$979$775$486
21 years$1,784$1,426$1,130$888$694$422
22 years$1,685$1,331$1,041$808$622$368
23 years$1,595$1,245$962$736$558$320
24 years$1,512$1,166$889$671$502$280
25 years$1,436$1,095$824$613$452$244
26 years$1,366$1,029$764$560$407$213
27 years$1,301$968$709$513$367$186
28 years$1,241$912$659$470$331$163
29 years$1,186$861$614$431$299$143
30 years$1,134$813$572$395$270$125
31 years$1,085$768$533$363$244$109
32 years$1,040$727$497$334$221$96
33 years$998$689$464$307$200$84
34 years$958$653$434$282$181$74
35 years$920$619$406$260$164$65
36 years$885$587$379$239$148$57
37 years$851$558$355$221$135$50
38 years$820$530$332$203$122$44
39 years$790$504$312$187$111$38
40 years$762$480$292$173$100$33
41 years$735$457$274$160$91$29
42 years$709$435$257$147$83$26
43 years$685$414$241$136$75$23
44 years$662$395$226$125$68$20
45 years$640$377$212$116$62$17
46 years$619$359$199$107$56$15
47 years$599$343$187$99$51$13
48 years$580$327$176$91$46$12
49 years$561$313$166$84$42$10
50 years$544$299$156$78$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $557,000, adding $5,923 every year, while hoping to spend $42,024 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: 43/37/20 Blend
74$557,000$557,000$557,000$557,000
75$619,924$590,403$581,769$642,742
76$638,443$574,619$556,545$643,669
77$657,442$556,654$529,068$640,116
78$676,927$536,355$499,217$635,400
79$696,900$513,564$466,868$629,435
80$717,365$488,109$431,889$622,129
81$738,323$459,813$394,144$613,385
82$759,774$428,486$353,489$603,100
83$781,716$393,927$309,777$591,166
84$804,146$355,925$262,849$577,465
85$827,059$314,256$212,545$561,876
86$850,448$268,682$158,694$544,267
87$874,301$218,955$101,118$524,501
88$898,606$164,811$39,632$502,430
89$923,347$105,970$0$477,899
90$948,504$42,137$0$456,287
91$974,052$0$0$441,260
92$999,964$0$0$435,202
93$1,026,205$0$0$446,420
94$1,052,736$0$0$457,736
95$1,079,512$0$0$469,129
96$1,106,480$0$0$480,573
97$1,133,581$0$0$492,036
98$1,160,743$0$0$503,486
99$1,187,890$0$0$514,884
100$1,214,931$0$0$526,185