Can I retire at age 75 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$47,896$47,469$47,053$46,647$46,250$45,316
2 years$23,711$23,269$22,841$22,426$22,024$21,087
3 years$15,650$15,207$14,780$14,369$13,973$13,062
4 years$11,621$11,179$10,756$10,352$9,966$9,088
5 years$9,204$8,764$8,347$7,951$7,576$6,734
6 years$7,593$7,157$6,746$6,359$5,994$5,190
7 years$6,443$6,010$5,606$5,228$4,875$4,107
8 years$5,580$5,152$4,754$4,385$4,044$3,313
9 years$4,910$4,486$4,095$3,735$3,406$2,711
10 years$4,374$3,954$3,570$3,220$2,902$2,243
11 years$3,936$3,520$3,143$2,802$2,496$1,871
12 years$3,571$3,159$2,789$2,458$2,163$1,572
13 years$3,263$2,855$2,492$2,170$1,886$1,328
14 years$2,998$2,595$2,239$1,926$1,653$1,127
15 years$2,770$2,371$2,022$1,718$1,456$960
16 years$2,570$2,175$1,833$1,538$1,287$821
17 years$2,393$2,003$1,668$1,382$1,141$703
18 years$2,237$1,851$1,522$1,246$1,014$604
19 years$2,097$1,715$1,394$1,125$904$519
20 years$1,971$1,594$1,279$1,019$808$448
21 years$1,858$1,485$1,177$925$723$386
22 years$1,754$1,386$1,084$841$648$334
23 years$1,660$1,296$1,001$766$581$289
24 years$1,574$1,215$926$699$523$250
25 years$1,495$1,140$858$638$470$216
26 years$1,422$1,071$795$583$424$188
27 years$1,355$1,008$739$534$382$163
28 years$1,293$950$687$489$345$141
29 years$1,235$896$639$449$311$122
30 years$1,181$846$595$412$281$106
31 years$1,130$800$555$378$254$92
32 years$1,083$757$518$348$230$80
33 years$1,039$717$483$320$208$70
34 years$997$680$452$294$188$61
35 years$958$645$422$271$171$53
36 years$921$612$395$249$155$46
37 years$886$581$370$230$140$40
38 years$854$552$346$212$127$35
39 years$822$525$324$195$115$30
40 years$793$500$304$180$104$26
41 years$765$476$285$166$95$23
42 years$738$453$267$153$86$20
43 years$713$431$251$142$78$17
44 years$689$411$236$131$71$15
45 years$666$392$221$121$64$13
46 years$644$374$208$111$58$11
47 years$624$357$195$103$53$10
48 years$604$341$183$95$48$9
49 years$585$326$172$88$44$7
50 years$566$311$162$81$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $580,000, adding $4,764 every year, while hoping to spend $39,975 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: 35/50/15 Blend
74$580,000$580,000$580,000$580,000
75$644,074$613,334$604,344$663,481
76$667,237$600,854$582,057$665,509
77$691,422$586,423$557,683$663,577
78$716,692$569,903$531,110$660,629
79$743,114$551,148$502,222$656,598
80$770,761$530,003$470,895$651,410
81$799,711$506,306$437,003$644,992
82$830,049$479,883$400,410$637,264
83$861,868$450,551$360,978$628,144
84$895,268$418,118$318,560$617,548
85$930,358$382,378$273,004$605,386
86$967,256$343,115$224,151$591,567
87$1,006,090$300,102$171,834$575,993
88$1,047,001$253,097$115,881$558,567
89$1,090,141$201,845$56,108$539,185
90$1,135,676$146,076$0$517,740
91$1,183,787$85,506$0$495,353
92$1,234,673$19,835$0$480,343
93$1,288,548$0$0$463,638
94$1,345,648$0$0$473,355
95$1,406,231$0$0$495,283
96$1,470,579$0$0$518,618
97$1,538,998$0$0$543,477
98$1,611,827$0$0$569,989
99$1,689,433$0$0$598,293
100$1,772,221$0$0$628,545