Can I retire at age 75 with 617,000?

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 $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%14.5%
1 years$50,951$50,497$50,055$49,622$49,200$48,286
2 years$25,223$24,754$24,298$23,857$23,429$22,511
3 years$16,649$16,177$15,723$15,285$14,864$13,972
4 years$12,362$11,892$11,442$11,012$10,601$9,741
5 years$9,791$9,323$8,880$8,458$8,059$7,233
6 years$8,077$7,613$7,176$6,764$6,377$5,586
7 years$6,854$6,393$5,963$5,561$5,186$4,431
8 years$5,936$5,480$5,057$4,665$4,302$3,583
9 years$5,223$4,772$4,356$3,974$3,623$2,939
10 years$4,653$4,206$3,798$3,425$3,087$2,437
11 years$4,187$3,744$3,343$2,981$2,655$2,038
12 years$3,799$3,361$2,967$2,615$2,301$1,717
13 years$3,471$3,037$2,651$2,309$2,006$1,454
14 years$3,190$2,761$2,382$2,049$1,759$1,238
15 years$2,946$2,522$2,150$1,828$1,549$1,057
16 years$2,734$2,314$1,950$1,636$1,369$906
17 years$2,546$2,131$1,774$1,470$1,213$779
18 years$2,380$1,969$1,620$1,325$1,079$671
19 years$2,231$1,825$1,483$1,197$962$579
20 years$2,097$1,696$1,361$1,084$859$500
21 years$1,976$1,580$1,252$984$769$433
22 years$1,866$1,474$1,154$895$689$375
23 years$1,766$1,379$1,065$815$619$325
24 years$1,675$1,292$985$743$556$283
25 years$1,591$1,213$912$679$500$245
26 years$1,513$1,140$846$621$451$213
27 years$1,442$1,072$786$568$406$186
28 years$1,375$1,011$730$520$367$162
29 years$1,313$953$680$477$331$141
30 years$1,256$900$633$438$299$123
31 years$1,202$851$590$402$270$107
32 years$1,152$805$551$370$245$93
33 years$1,105$763$514$340$221$81
34 years$1,061$723$480$313$200$71
35 years$1,019$686$449$288$182$62
36 years$980$651$420$265$164$54
37 years$943$618$393$244$149$47
38 years$908$587$368$225$135$41
39 years$875$559$345$208$123$36
40 years$844$531$323$192$111$31
41 years$814$506$303$177$101$27
42 years$786$482$284$163$92$24
43 years$759$459$267$151$83$21
44 years$733$438$251$139$75$18
45 years$709$417$235$128$68$16
46 years$685$398$221$119$62$14
47 years$663$380$208$110$56$12
48 years$642$363$195$101$51$11
49 years$622$346$183$94$47$9
50 years$602$331$172$86$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $617,000, adding $4,382 every year, while hoping to spend $50,646 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: 77/16/7 Blend
74$617,000$617,000$617,000$617,000
75$684,454$651,753$642,190$736,235
76$700,381$629,802$609,816$748,906
77$716,236$605,078$574,660$755,817
78$731,957$577,391$536,576$761,910
79$747,475$546,542$495,410$767,082
80$762,713$512,318$451,002$771,220
81$777,584$474,496$403,185$774,202
82$791,989$432,838$351,783$775,891
83$805,819$387,095$296,615$776,139
84$818,951$337,001$237,490$774,784
85$831,247$282,276$174,209$771,647
86$842,553$222,627$106,564$766,535
87$852,698$157,740$34,338$759,232
88$861,490$87,286$0$749,506
89$868,715$10,916$0$740,293
90$874,138$0$0$731,063
91$877,493$0$0$731,592
92$878,487$0$0$732,026
93$876,795$0$0$730,168
94$872,055$0$0$725,710
95$863,864$0$0$718,310
96$851,778$0$0$707,592
97$835,303$0$0$693,134
98$813,892$0$0$674,472
99$786,938$0$0$651,093
100$753,772$0$0$622,425