Can I retire at age 75 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$50,208$49,761$49,325$48,899$48,483$47,798
2 years$24,855$24,393$23,944$23,509$23,087$22,398
3 years$16,406$15,941$15,493$15,062$14,647$13,976
4 years$12,182$11,718$11,275$10,852$10,447$9,798
5 years$9,648$9,187$8,750$8,335$7,941$7,318
6 years$7,959$7,502$7,071$6,666$6,284$5,685
7 years$6,754$6,300$5,876$5,480$5,110$4,538
8 years$5,850$5,400$4,984$4,597$4,240$3,692
9 years$5,147$4,702$4,292$3,916$3,570$3,048
10 years$4,585$4,145$3,742$3,375$3,042$2,545
11 years$4,126$3,690$3,295$2,938$2,616$2,144
12 years$3,743$3,312$2,924$2,577$2,267$1,818
13 years$3,420$2,993$2,612$2,275$1,977$1,551
14 years$3,143$2,720$2,347$2,019$1,733$1,330
15 years$2,903$2,485$2,119$1,801$1,526$1,145
16 years$2,694$2,280$1,921$1,613$1,349$989
17 years$2,509$2,100$1,748$1,449$1,196$856
18 years$2,345$1,940$1,596$1,306$1,063$743
19 years$2,198$1,798$1,461$1,180$948$647
20 years$2,066$1,671$1,341$1,069$846$563
21 years$1,947$1,557$1,233$970$758$492
22 years$1,839$1,453$1,137$882$679$430
23 years$1,741$1,359$1,050$803$610$376
24 years$1,650$1,273$971$732$548$329
25 years$1,568$1,195$899$669$493$289
26 years$1,491$1,123$834$612$444$253
27 years$1,421$1,057$774$560$400$222
28 years$1,355$996$720$513$361$195
29 years$1,294$939$670$470$326$171
30 years$1,238$887$624$432$295$151
31 years$1,185$839$582$396$266$133
32 years$1,135$794$543$364$241$117
33 years$1,089$752$507$335$218$103
34 years$1,045$712$473$308$198$90
35 years$1,004$676$443$284$179$80
36 years$966$641$414$261$162$70
37 years$929$609$388$241$147$62
38 years$895$579$363$222$133$54
39 years$862$550$340$205$121$48
40 years$831$524$319$189$110$42
41 years$802$498$299$174$99$37
42 years$774$475$280$161$90$33
43 years$748$452$263$148$82$29
44 years$722$431$247$137$74$25
45 years$698$411$232$127$67$22
46 years$675$392$218$117$61$20
47 years$654$374$205$108$56$17
48 years$633$357$192$100$50$15
49 years$613$341$181$92$46$14
50 years$594$326$170$85$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $608,000, adding $5,701 every year, while hoping to spend $32,283 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: 46/44/10 Blend
74$608,000$608,000$608,000$608,000
75$675,897$643,673$634,249$704,846
76$710,489$640,864$621,147$722,621
77$747,528$636,835$606,525$738,104
78$787,229$631,493$590,296$754,166
79$829,828$624,738$572,373$770,873
80$875,585$616,465$552,662$788,298
81$924,784$606,561$531,066$806,523
82$977,738$594,908$507,482$825,641
83$1,034,790$581,382$481,806$845,759
84$1,096,317$565,848$453,924$866,993
85$1,162,733$548,166$423,723$889,478
86$1,234,494$528,187$391,079$913,362
87$1,312,098$505,754$355,866$938,814
88$1,396,096$480,700$317,951$966,021
89$1,487,092$452,849$277,197$995,194
90$1,585,750$422,013$233,458$1,026,569
91$1,692,801$387,997$186,583$1,060,411
92$1,809,048$350,590$136,415$1,097,012
93$1,935,376$309,574$82,790$1,136,704
94$2,072,756$264,714$25,535$1,179,854
95$2,222,257$215,765$0$1,226,871
96$2,385,057$162,468$0$1,282,009
97$2,562,451$104,547$0$1,345,136
98$2,755,864$41,713$0$1,414,113
99$2,966,864$0$0$1,489,595
100$3,197,179$0$0$1,585,061