Can I retire at age 75 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$50,951$50,497$50,055$49,622$49,200$48,128
2 years$25,223$24,754$24,298$23,857$23,429$22,354
3 years$16,649$16,177$15,723$15,285$14,864$13,820
4 years$12,362$11,892$11,442$11,012$10,601$9,596
5 years$9,791$9,323$8,880$8,458$8,059$7,096
6 years$8,077$7,613$7,176$6,764$6,377$5,457
7 years$6,854$6,393$5,963$5,561$5,186$4,309
8 years$5,936$5,480$5,057$4,665$4,302$3,468
9 years$5,223$4,772$4,356$3,974$3,623$2,831
10 years$4,653$4,206$3,798$3,425$3,087$2,336
11 years$4,187$3,744$3,343$2,981$2,655$1,944
12 years$3,799$3,361$2,967$2,615$2,301$1,629
13 years$3,471$3,037$2,651$2,309$2,006$1,373
14 years$3,190$2,761$2,382$2,049$1,759$1,162
15 years$2,946$2,522$2,150$1,828$1,549$987
16 years$2,734$2,314$1,950$1,636$1,369$841
17 years$2,546$2,131$1,774$1,470$1,213$719
18 years$2,380$1,969$1,620$1,325$1,079$615
19 years$2,231$1,825$1,483$1,197$962$528
20 years$2,097$1,696$1,361$1,084$859$453
21 years$1,976$1,580$1,252$984$769$390
22 years$1,866$1,474$1,154$895$689$336
23 years$1,766$1,379$1,065$815$619$290
24 years$1,675$1,292$985$743$556$250
25 years$1,591$1,213$912$679$500$216
26 years$1,513$1,140$846$621$451$186
27 years$1,442$1,072$786$568$406$161
28 years$1,375$1,011$730$520$367$139
29 years$1,313$953$680$477$331$121
30 years$1,256$900$633$438$299$104
31 years$1,202$851$590$402$270$90
32 years$1,152$805$551$370$245$78
33 years$1,105$763$514$340$221$68
34 years$1,061$723$480$313$200$59
35 years$1,019$686$449$288$182$51
36 years$980$651$420$265$164$44
37 years$943$618$393$244$149$38
38 years$908$587$368$225$135$33
39 years$875$559$345$208$123$29
40 years$844$531$323$192$111$25
41 years$814$506$303$177$101$22
42 years$786$482$284$163$92$19
43 years$759$459$267$151$83$16
44 years$733$438$251$139$75$14
45 years$709$417$235$128$68$12
46 years$685$398$221$119$62$11
47 years$663$380$208$110$56$9
48 years$642$363$195$101$51$8
49 years$622$346$183$94$47$7
50 years$602$331$172$86$42$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $617,000, adding $5,899 every year, while hoping to spend $45,550 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: 43/36/21 Blend
74$617,000$617,000$617,000$617,000
75$686,019$653,318$643,754$711,096
76$707,528$636,866$616,855$712,976
77$729,704$618,080$587,528$710,130
78$752,568$596,800$555,644$706,116
79$776,139$572,853$521,068$700,849
80$800,439$546,057$483,658$694,240
81$825,490$516,219$443,266$686,194
82$851,313$483,137$399,738$676,613
83$877,931$446,594$352,913$665,390
84$905,367$406,365$302,623$652,414
85$933,645$362,207$248,692$637,567
86$962,789$313,868$190,936$620,726
87$992,825$261,078$129,163$601,758
88$1,023,776$203,555$63,173$580,527
89$1,055,670$140,997$0$556,885
90$1,088,532$73,090$0$532,303
91$1,122,389$0$0$520,206
92$1,157,269$0$0$506,501
93$1,193,199$0$0$522,207
94$1,230,207$0$0$538,383
95$1,268,322$0$0$555,040
96$1,307,573$0$0$572,192
97$1,347,989$0$0$589,850
98$1,389,599$0$0$608,026
99$1,432,433$0$0$626,735
100$1,476,520$0$0$645,987