Can I retire at age 75 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$48,887$48,451$48,026$47,612$47,207$45,659
2 years$24,201$23,751$23,314$22,890$22,479$20,935
3 years$15,974$15,521$15,086$14,666$14,262$12,769
4 years$11,861$11,410$10,978$10,566$10,172$8,742
5 years$9,394$8,945$8,520$8,116$7,732$6,370
6 years$7,750$7,305$6,885$6,490$6,118$4,824
7 years$6,576$6,134$5,722$5,336$4,976$3,749
8 years$5,696$5,258$4,852$4,476$4,128$2,968
9 years$5,012$4,578$4,179$3,813$3,476$2,382
10 years$4,465$4,036$3,644$3,287$2,962$1,932
11 years$4,017$3,593$3,208$2,860$2,547$1,579
12 years$3,645$3,225$2,847$2,509$2,208$1,299
13 years$3,330$2,914$2,543$2,215$1,925$1,074
14 years$3,060$2,649$2,285$1,966$1,687$892
15 years$2,827$2,420$2,063$1,754$1,486$743
16 years$2,623$2,220$1,871$1,570$1,313$620
17 years$2,443$2,045$1,702$1,411$1,164$519
18 years$2,283$1,889$1,554$1,271$1,035$436
19 years$2,140$1,751$1,423$1,149$923$366
20 years$2,012$1,627$1,306$1,040$824$308
21 years$1,896$1,516$1,201$944$738$259
22 years$1,791$1,415$1,107$859$661$218
23 years$1,695$1,323$1,022$782$593$184
24 years$1,607$1,240$945$713$533$155
25 years$1,526$1,163$875$651$480$131
26 years$1,452$1,093$812$595$432$111
27 years$1,383$1,029$754$545$390$94
28 years$1,319$970$701$499$352$79
29 years$1,260$915$652$458$318$67
30 years$1,205$864$607$420$287$57
31 years$1,154$817$566$386$259$48
32 years$1,105$773$528$355$235$40
33 years$1,060$732$493$326$212$34
34 years$1,018$694$461$300$192$29
35 years$978$658$431$276$174$25
36 years$940$624$403$254$158$21
37 years$905$593$377$234$143$18
38 years$871$564$353$216$130$15
39 years$839$536$331$199$118$13
40 years$809$510$310$184$107$11
41 years$781$485$291$170$97$9
42 years$754$462$273$156$88$8
43 years$728$440$256$144$80$6
44 years$703$420$240$133$72$5
45 years$680$400$226$123$66$5
46 years$658$382$212$114$60$4
47 years$636$364$199$105$54$3
48 years$616$348$187$97$49$3
49 years$597$332$176$90$45$2
50 years$578$317$165$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $592,000, adding $2,030 every year, while hoping to spend $23,201 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: 50/36/14 Blend
74$592,000$592,000$592,000$592,000
75$654,478$623,102$613,926$684,601
76$696,549$628,948$609,807$711,358
77$742,134$634,303$604,772$737,826
78$791,566$639,119$598,767$766,071
79$845,213$643,343$591,732$796,269
80$903,479$646,921$583,609$828,612
81$966,807$649,793$574,334$863,313
82$1,035,687$651,899$563,839$900,609
83$1,110,656$653,171$552,057$940,761
84$1,192,305$653,539$538,914$984,058
85$1,281,287$652,928$524,333$1,030,820
86$1,378,316$651,260$508,237$1,081,399
87$1,484,182$648,449$490,540$1,136,187
88$1,599,753$644,408$471,158$1,195,616
89$1,725,983$639,039$449,997$1,260,163
90$1,863,926$632,245$426,964$1,330,356
91$2,014,738$623,916$401,959$1,406,778
92$2,179,695$613,942$374,879$1,490,075
93$2,360,200$602,201$345,613$1,580,959
94$2,557,799$588,568$314,050$1,680,218
95$2,774,195$572,908$280,071$1,788,721
96$3,011,261$555,078$243,552$1,907,430
97$3,271,062$534,930$204,363$2,037,407
98$3,555,871$512,302$162,370$2,179,825
99$3,868,192$487,027$117,432$2,335,980
100$4,210,783$458,927$69,401$2,507,303