Can I retire at age 75 with 583,000?

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 $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%18.8%
1 years$48,144$47,715$47,296$46,888$46,489$44,840
2 years$23,833$23,390$22,959$22,542$22,138$20,493
3 years$15,731$15,285$14,856$14,443$14,045$12,458
4 years$11,681$11,236$10,812$10,405$10,017$8,499
5 years$9,251$8,809$8,390$7,992$7,615$6,170
6 years$7,632$7,194$6,781$6,392$6,025$4,654
7 years$6,476$6,041$5,635$5,255$4,900$3,603
8 years$5,609$5,178$4,779$4,408$4,065$2,841
9 years$4,935$4,509$4,116$3,755$3,423$2,270
10 years$4,397$3,974$3,588$3,237$2,917$1,833
11 years$3,956$3,538$3,159$2,817$2,509$1,491
12 years$3,590$3,176$2,804$2,471$2,174$1,221
13 years$3,279$2,870$2,505$2,181$1,896$1,005
14 years$3,014$2,609$2,251$1,936$1,662$830
15 years$2,784$2,383$2,032$1,727$1,463$688
16 years$2,583$2,186$1,842$1,546$1,293$572
17 years$2,406$2,013$1,676$1,389$1,147$476
18 years$2,248$1,861$1,530$1,252$1,020$397
19 years$2,108$1,724$1,401$1,131$909$332
20 years$1,981$1,602$1,286$1,025$812$278
21 years$1,867$1,493$1,183$930$726$233
22 years$1,764$1,393$1,090$845$651$195
23 years$1,669$1,303$1,006$770$584$163
24 years$1,583$1,221$931$702$525$137
25 years$1,503$1,146$862$641$473$115
26 years$1,430$1,077$800$586$426$97
27 years$1,362$1,013$742$537$384$81
28 years$1,299$955$690$492$346$68
29 years$1,241$901$642$451$313$57
30 years$1,187$851$598$414$283$48
31 years$1,136$804$558$380$256$41
32 years$1,089$761$520$349$231$34
33 years$1,044$721$486$321$209$29
34 years$1,002$683$454$296$189$24
35 years$963$648$424$272$172$20
36 years$926$615$397$251$155$17
37 years$891$584$372$231$141$14
38 years$858$555$348$213$128$12
39 years$827$528$326$196$116$10
40 years$797$502$306$181$105$9
41 years$769$478$287$167$95$7
42 years$742$455$269$154$86$6
43 years$717$434$252$142$78$5
44 years$693$413$237$131$71$4
45 years$670$394$222$121$65$4
46 years$648$376$209$112$59$3
47 years$627$359$196$104$53$3
48 years$607$343$184$96$48$2
49 years$588$327$173$88$44$2
50 years$569$313$163$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $583,000, adding $6,348 every year, while hoping to spend $44,802 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: 69/17/14 Blend
74$583,000$583,000$583,000$583,000
75$649,014$618,115$609,078$691,307
76$667,544$600,734$581,814$702,874
77$686,463$580,999$552,134$709,572
78$705,763$558,749$519,911$715,746
79$725,434$533,810$485,011$721,339
80$745,463$506,002$447,294$726,290
81$765,835$475,131$406,613$730,531
82$786,532$440,994$362,816$733,990
83$807,531$403,375$315,743$736,589
84$828,807$362,048$265,228$738,243
85$850,328$316,771$211,096$738,861
86$872,059$267,291$153,165$738,345
87$893,959$213,338$91,247$736,588
88$915,981$154,630$25,142$733,475
89$938,071$90,866$0$728,882
90$960,167$21,731$0$729,457
91$982,198$0$0$732,720
92$1,004,085$0$0$744,725
93$1,025,739$0$0$760,599
94$1,047,057$0$0$776,199
95$1,067,926$0$0$791,439
96$1,088,216$0$0$806,218
97$1,107,784$0$0$820,428
98$1,126,468$0$0$833,945
99$1,144,087$0$0$846,630
100$1,160,438$0$0$858,329