Can I retire at age 75 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$48,144$47,715$47,296$46,888$46,489$45,795
2 years$23,833$23,390$22,959$22,542$22,138$21,439
3 years$15,731$15,285$14,856$14,443$14,045$13,365
4 years$11,681$11,236$10,812$10,405$10,017$9,360
5 years$9,251$8,809$8,390$7,992$7,615$6,983
6 years$7,632$7,194$6,781$6,392$6,025$5,420
7 years$6,476$6,041$5,635$5,255$4,900$4,321
8 years$5,609$5,178$4,779$4,408$4,065$3,512
9 years$4,935$4,509$4,116$3,755$3,423$2,896
10 years$4,397$3,974$3,588$3,237$2,917$2,415
11 years$3,956$3,538$3,159$2,817$2,509$2,031
12 years$3,590$3,176$2,804$2,471$2,174$1,721
13 years$3,279$2,870$2,505$2,181$1,896$1,466
14 years$3,014$2,609$2,251$1,936$1,662$1,255
15 years$2,784$2,383$2,032$1,727$1,463$1,079
16 years$2,583$2,186$1,842$1,546$1,293$931
17 years$2,406$2,013$1,676$1,389$1,147$805
18 years$2,248$1,861$1,530$1,252$1,020$698
19 years$2,108$1,724$1,401$1,131$909$606
20 years$1,981$1,602$1,286$1,025$812$527
21 years$1,867$1,493$1,183$930$726$460
22 years$1,764$1,393$1,090$845$651$401
23 years$1,669$1,303$1,006$770$584$350
24 years$1,583$1,221$931$702$525$306
25 years$1,503$1,146$862$641$473$268
26 years$1,430$1,077$800$586$426$235
27 years$1,362$1,013$742$537$384$206
28 years$1,299$955$690$492$346$180
29 years$1,241$901$642$451$313$158
30 years$1,187$851$598$414$283$139
31 years$1,136$804$558$380$256$122
32 years$1,089$761$520$349$231$107
33 years$1,044$721$486$321$209$94
34 years$1,002$683$454$296$189$83
35 years$963$648$424$272$172$73
36 years$926$615$397$251$155$64
37 years$891$584$372$231$141$56
38 years$858$555$348$213$128$49
39 years$827$528$326$196$116$43
40 years$797$502$306$181$105$38
41 years$769$478$287$167$95$34
42 years$742$455$269$154$86$30
43 years$717$434$252$142$78$26
44 years$693$413$237$131$71$23
45 years$670$394$222$121$65$20
46 years$648$376$209$112$59$18
47 years$627$359$196$104$53$16
48 years$607$343$184$96$48$14
49 years$588$327$173$88$44$12
50 years$569$313$163$82$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $583,000, adding $2,757 every year, while hoping to spend $43,350 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: 46/38/16 Blend
74$583,000$583,000$583,000$583,000
75$645,310$614,411$605,374$671,940
76$665,007$598,393$579,530$674,738
77$685,261$580,137$551,368$673,174
78$706,082$559,488$520,763$670,543
79$727,481$536,282$487,587$666,764
80$749,468$510,343$451,705$661,749
81$772,053$481,489$412,976$655,409
82$795,245$449,525$371,253$647,644
83$819,052$414,244$326,383$638,353
84$843,483$375,429$278,204$627,427
85$868,543$332,850$226,549$614,748
86$894,239$286,264$171,242$600,194
87$920,574$235,414$112,102$583,635
88$947,553$180,029$48,937$564,934
89$975,175$119,822$0$543,942
90$1,003,440$54,491$0$523,659
91$1,032,345$0$0$509,887
92$1,061,885$0$0$500,935
93$1,092,051$0$0$515,051
94$1,122,833$0$0$529,441
95$1,154,216$0$0$544,097
96$1,186,181$0$0$559,010
97$1,218,704$0$0$574,164
98$1,251,758$0$0$589,546
99$1,285,309$0$0$605,136
100$1,319,318$0$0$620,914