Can I retire at age 75 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$49,878$49,433$49,000$48,577$48,164$47,840
2 years$24,692$24,232$23,786$23,354$22,935$22,609
3 years$16,298$15,836$15,391$14,963$14,551$14,232
4 years$12,102$11,641$11,201$10,780$10,378$10,069
5 years$9,584$9,127$8,692$8,280$7,889$7,591
6 years$7,907$7,453$7,025$6,622$6,242$5,955
7 years$6,709$6,259$5,838$5,444$5,077$4,801
8 years$5,811$5,365$4,951$4,567$4,212$3,947
9 years$5,113$4,671$4,264$3,890$3,547$3,293
10 years$4,555$4,117$3,718$3,353$3,022$2,779
11 years$4,099$3,665$3,273$2,918$2,599$2,367
12 years$3,719$3,290$2,905$2,560$2,252$2,031
13 years$3,398$2,973$2,595$2,260$1,964$1,753
14 years$3,122$2,702$2,332$2,006$1,722$1,521
15 years$2,884$2,469$2,105$1,789$1,516$1,325
16 years$2,676$2,265$1,909$1,602$1,340$1,159
17 years$2,492$2,086$1,737$1,439$1,188$1,016
18 years$2,329$1,928$1,585$1,297$1,056$894
19 years$2,184$1,786$1,451$1,172$941$788
20 years$2,053$1,660$1,332$1,062$841$695
21 years$1,934$1,546$1,225$963$753$615
22 years$1,827$1,443$1,129$876$675$545
23 years$1,729$1,350$1,043$798$606$483
24 years$1,640$1,265$964$728$544$429
25 years$1,557$1,187$893$664$490$382
26 years$1,481$1,116$828$608$441$339
27 years$1,411$1,050$769$556$398$302
28 years$1,346$989$715$510$359$269
29 years$1,286$933$665$467$324$240
30 years$1,229$881$620$429$293$214
31 years$1,177$833$578$394$265$191
32 years$1,128$788$539$362$239$171
33 years$1,082$747$503$333$217$152
34 years$1,038$708$470$306$196$136
35 years$998$671$440$282$178$122
36 years$959$637$411$260$161$109
37 years$923$605$385$239$146$97
38 years$889$575$361$220$132$87
39 years$856$547$338$203$120$78
40 years$826$520$317$188$109$70
41 years$797$495$297$173$99$62
42 years$769$472$278$160$90$56
43 years$743$449$261$147$81$50
44 years$718$428$245$136$74$45
45 years$694$408$230$126$67$40
46 years$671$390$216$116$61$36
47 years$649$372$203$107$55$32
48 years$629$355$191$99$50$29
49 years$609$339$180$92$46$26
50 years$590$324$169$85$41$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $604,000, adding $2,932 every year, while hoping to spend $30,606 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: 53/42/5 Blend
74$604,000$604,000$604,000$604,000
75$668,632$636,620$627,258$703,186
76$704,268$635,250$615,707$725,515
77$742,513$632,787$602,743$746,176
78$783,601$629,145$588,286$767,903
79$827,789$624,234$572,254$790,802
80$875,358$617,955$554,559$814,990
81$926,617$610,208$535,110$840,599
82$981,907$600,884$513,811$867,775
83$1,041,601$589,867$490,563$896,679
84$1,106,110$577,035$465,262$927,492
85$1,175,884$562,260$437,799$960,416
86$1,251,418$545,406$408,060$995,673
87$1,333,259$526,326$375,926$1,033,513
88$1,422,004$504,869$341,272$1,074,212
89$1,518,313$480,872$303,969$1,118,075
90$1,622,910$454,164$263,881$1,165,445
91$1,736,593$424,564$220,867$1,216,699
92$1,860,238$391,880$174,779$1,272,259
93$1,994,809$355,910$125,461$1,332,589
94$2,141,370$316,439$72,754$1,398,208
95$2,301,086$273,242$16,488$1,469,689
96$2,475,245$226,078$0$1,547,670
97$2,665,260$174,697$0$1,635,179
98$2,872,690$118,830$0$1,731,765
99$3,099,248$58,196$0$1,837,424
100$3,346,821$0$0$1,953,128