Can I retire at age 75 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$51,694$51,234$50,785$50,346$49,918$49,708
2 years$25,591$25,115$24,653$24,205$23,771$23,558
3 years$16,891$16,413$15,952$15,508$15,081$14,873
4 years$12,542$12,065$11,609$11,173$10,756$10,554
5 years$9,934$9,459$9,009$8,582$8,176$7,982
6 years$8,195$7,724$7,281$6,863$6,470$6,282
7 years$6,954$6,487$6,050$5,642$5,262$5,081
8 years$6,023$5,560$5,131$4,733$4,365$4,191
9 years$5,299$4,841$4,419$4,032$3,676$3,509
10 years$4,721$4,267$3,853$3,475$3,132$2,973
11 years$4,248$3,799$3,392$3,025$2,694$2,541
12 years$3,854$3,410$3,010$2,653$2,334$2,188
13 years$3,521$3,081$2,690$2,342$2,036$1,896
14 years$3,236$2,801$2,417$2,079$1,784$1,652
15 years$2,989$2,559$2,182$1,854$1,571$1,445
16 years$2,773$2,348$1,978$1,660$1,389$1,268
17 years$2,583$2,162$1,800$1,492$1,231$1,117
18 years$2,414$1,998$1,643$1,344$1,095$986
19 years$2,263$1,852$1,504$1,215$976$873
20 years$2,128$1,721$1,381$1,100$872$774
21 years$2,005$1,603$1,270$998$780$688
22 years$1,894$1,496$1,170$908$699$612
23 years$1,792$1,399$1,081$827$628$545
24 years$1,699$1,311$999$754$564$487
25 years$1,614$1,230$926$689$508$434
26 years$1,535$1,156$858$630$457$388
27 years$1,463$1,088$797$576$412$347
28 years$1,395$1,025$741$528$372$311
29 years$1,333$967$690$484$336$279
30 years$1,274$914$642$444$303$250
31 years$1,220$864$599$408$274$224
32 years$1,169$817$559$375$248$201
33 years$1,121$774$522$345$225$180
34 years$1,076$733$487$317$203$162
35 years$1,034$696$456$292$184$146
36 years$994$660$426$269$167$131
37 years$957$627$399$248$151$118
38 years$921$596$374$229$137$106
39 years$888$567$350$211$124$95
40 years$856$539$328$194$113$85
41 years$826$513$308$179$102$77
42 years$797$489$289$165$93$69
43 years$770$466$271$153$84$62
44 years$744$444$254$141$76$56
45 years$719$423$239$130$69$50
46 years$695$404$224$120$63$45
47 years$673$385$211$111$57$41
48 years$651$368$198$103$52$37
49 years$631$351$186$95$47$33
50 years$611$336$175$88$43$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $626,000, adding $3,709 every year, while hoping to spend $38,288 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: 48/43/9 Blend
74$626,000$626,000$626,000$626,000
75$693,678$660,500$650,797$725,114
76$723,695$652,126$631,860$738,708
77$755,490$642,059$611,006$749,140
78$789,205$630,175$588,130$759,582
79$824,994$616,343$563,122$770,047
80$863,024$600,425$535,868$780,552
81$903,481$582,274$506,248$791,115
82$946,566$561,736$474,137$801,764
83$992,500$538,645$439,405$812,528
84$1,041,525$512,828$401,915$823,444
85$1,093,906$484,102$361,524$834,557
86$1,149,933$452,272$318,084$845,919
87$1,209,925$417,132$271,439$857,591
88$1,274,232$378,466$221,426$869,645
89$1,343,235$336,043$167,876$882,165
90$1,417,357$289,620$110,611$895,246
91$1,497,058$238,942$49,447$909,001
92$1,582,845$183,738$0$923,558
93$1,675,275$123,720$0$940,582
94$1,774,958$58,588$0$963,888
95$1,882,567$0$0$988,933
96$1,998,838$0$0$1,021,624
97$2,124,583$0$0$1,087,014
98$2,260,692$0$0$1,157,851
99$2,408,146$0$0$1,234,652
100$2,568,021$0$0$1,317,986