Can I retire at age 75 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$53,263$52,789$52,326$51,874$51,433$51,109
2 years$26,368$25,877$25,401$24,940$24,492$24,165
3 years$17,404$16,911$16,436$15,979$15,539$15,219
4 years$12,923$12,431$11,961$11,512$11,082$10,772
5 years$10,235$9,746$9,282$8,842$8,425$8,125
6 years$8,444$7,959$7,502$7,071$6,666$6,378
7 years$7,165$6,684$6,234$5,814$5,421$5,144
8 years$6,206$5,729$5,287$4,877$4,498$4,232
9 years$5,460$4,988$4,554$4,154$3,788$3,533
10 years$4,864$4,397$3,970$3,581$3,227$2,984
11 years$4,377$3,914$3,495$3,116$2,775$2,543
12 years$3,971$3,513$3,102$2,734$2,405$2,183
13 years$3,628$3,175$2,771$2,413$2,097$1,886
14 years$3,334$2,886$2,490$2,142$1,839$1,637
15 years$3,080$2,636$2,248$1,911$1,619$1,427
16 years$2,858$2,419$2,038$1,711$1,431$1,249
17 years$2,662$2,228$1,855$1,537$1,269$1,096
18 years$2,488$2,058$1,693$1,385$1,128$964
19 years$2,332$1,908$1,550$1,252$1,005$850
20 years$2,192$1,773$1,422$1,134$898$752
21 years$2,066$1,651$1,308$1,029$804$665
22 years$1,951$1,541$1,206$935$720$590
23 years$1,847$1,442$1,113$852$647$524
24 years$1,751$1,351$1,030$777$581$465
25 years$1,663$1,268$954$710$523$414
26 years$1,582$1,191$885$649$471$369
27 years$1,507$1,121$821$594$425$328
28 years$1,438$1,056$764$544$383$293
29 years$1,373$997$711$499$346$261
30 years$1,313$941$662$458$313$233
31 years$1,257$890$617$421$283$208
32 years$1,204$842$576$387$256$186
33 years$1,155$797$538$355$231$166
34 years$1,109$756$502$327$210$149
35 years$1,065$717$470$301$190$133
36 years$1,024$680$439$277$172$119
37 years$986$646$411$255$156$107
38 years$949$614$385$235$141$95
39 years$915$584$361$217$128$85
40 years$882$556$338$200$116$77
41 years$851$529$317$185$105$69
42 years$821$504$297$171$96$61
43 years$793$480$279$157$87$55
44 years$766$457$262$145$79$49
45 years$741$436$246$134$72$44
46 years$717$416$231$124$65$40
47 years$693$397$217$115$59$35
48 years$671$379$204$106$54$32
49 years$650$362$192$98$49$28
50 years$630$346$180$90$44$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $645,000, adding $6,963 every year, while hoping to spend $45,843 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: 64/31/5 Blend
74$645,000$645,000$645,000$645,000
75$717,972$683,787$673,790$762,960
76$742,429$668,516$647,585$778,486
77$767,844$650,961$618,966$789,349
78$794,266$630,960$587,804$799,999
79$821,748$608,344$553,962$810,413
80$850,347$582,934$517,301$820,565
81$880,125$554,539$477,672$830,427
82$911,145$522,959$434,922$839,974
83$943,478$487,981$388,888$849,177
84$977,201$449,380$339,404$858,008
85$1,012,394$406,918$286,293$866,438
86$1,049,145$360,344$229,371$874,438
87$1,087,550$309,393$168,447$881,979
88$1,127,712$253,785$103,321$889,033
89$1,169,740$193,222$33,784$895,570
90$1,213,756$127,392$0$901,563
91$1,259,890$55,965$0$909,141
92$1,308,282$0$0$918,185
93$1,359,088$0$0$934,182
94$1,412,472$0$0$971,065
95$1,468,616$0$0$1,009,871
96$1,527,717$0$0$1,050,738
97$1,589,990$0$0$1,093,815
98$1,655,667$0$0$1,139,268
99$1,725,003$0$0$1,187,274
100$1,798,277$0$0$1,238,028