Can I retire at age 75 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$50,456$50,006$49,568$49,140$48,722$47,895
2 years$24,978$24,513$24,062$23,625$23,201$22,370
3 years$16,487$16,019$15,570$15,137$14,720$13,911
4 years$12,242$11,776$11,331$10,905$10,498$9,718
5 years$9,696$9,233$8,793$8,376$7,981$7,231
6 years$7,999$7,539$7,106$6,699$6,315$5,597
7 years$6,787$6,331$5,905$5,507$5,136$4,450
8 years$5,879$5,427$5,008$4,620$4,260$3,606
9 years$5,172$4,725$4,314$3,935$3,588$2,965
10 years$4,608$4,165$3,761$3,392$3,057$2,465
11 years$4,146$3,708$3,311$2,952$2,629$2,067
12 years$3,762$3,328$2,938$2,589$2,278$1,746
13 years$3,437$3,008$2,625$2,286$1,987$1,482
14 years$3,159$2,734$2,359$2,029$1,742$1,265
15 years$2,918$2,497$2,130$1,810$1,533$1,084
16 years$2,707$2,291$1,931$1,620$1,355$931
17 years$2,521$2,110$1,757$1,456$1,202$802
18 years$2,356$1,950$1,604$1,312$1,068$693
19 years$2,209$1,807$1,468$1,186$952$600
20 years$2,077$1,679$1,347$1,074$851$520
21 years$1,957$1,564$1,239$975$761$451
22 years$1,848$1,460$1,142$886$682$392
23 years$1,749$1,366$1,055$807$613$341
24 years$1,659$1,280$975$736$551$297
25 years$1,575$1,201$903$672$495$259
26 years$1,498$1,129$838$615$446$226
27 years$1,428$1,062$778$563$402$197
28 years$1,362$1,001$723$515$363$172
29 years$1,301$944$673$473$328$151
30 years$1,244$892$627$434$296$132
31 years$1,191$843$585$398$268$115
32 years$1,141$798$545$366$242$101
33 years$1,094$755$509$337$219$88
34 years$1,050$716$476$310$198$77
35 years$1,009$679$445$285$180$67
36 years$970$644$416$263$163$59
37 years$934$612$389$242$148$52
38 years$899$582$365$223$134$45
39 years$866$553$342$206$121$40
40 years$835$526$320$190$110$35
41 years$806$501$300$175$100$30
42 years$778$477$282$162$91$27
43 years$751$455$264$149$82$23
44 years$726$433$248$138$75$20
45 years$702$413$233$127$68$18
46 years$679$394$219$117$62$16
47 years$657$376$206$109$56$14
48 years$636$359$193$100$51$12
49 years$616$343$182$93$46$11
50 years$597$328$171$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $611,000, adding $2,601 every year, while hoping to spend $47,439 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: 62/31/7 Blend
74$611,000$611,000$611,000$611,000
75$676,005$643,622$634,151$716,834
76$694,483$624,685$604,921$725,480
77$713,255$603,230$573,121$729,157
78$732,303$579,083$538,616$731,955
79$751,601$552,062$501,263$733,787
80$771,123$521,971$460,914$734,562
81$790,836$488,607$417,413$734,180
82$810,703$451,750$370,598$732,532
83$830,682$411,173$320,300$729,502
84$850,723$366,632$266,342$724,967
85$870,770$317,870$208,538$718,790
86$890,761$264,618$146,696$710,827
87$910,622$206,588$80,614$700,920
88$930,273$143,478$10,082$688,902
89$949,621$74,969$0$674,589
90$968,564$723$0$662,653
91$986,984$0$0$649,134
92$1,004,751$0$0$660,225
93$1,021,719$0$0$670,991
94$1,037,723$0$0$681,073
95$1,052,582$0$0$690,345
96$1,066,090$0$0$698,666
97$1,078,020$0$0$705,880
98$1,088,117$0$0$711,813
99$1,096,098$0$0$716,269
100$1,101,648$0$0$719,034