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%12.8%
1 years$53,263$52,789$52,326$51,874$51,433$50,833
2 years$26,368$25,877$25,401$24,940$24,492$23,888
3 years$17,404$16,911$16,436$15,979$15,539$14,949
4 years$12,923$12,431$11,961$11,512$11,082$10,512
5 years$10,235$9,746$9,282$8,842$8,425$7,875
6 years$8,444$7,959$7,502$7,071$6,666$6,139
7 years$7,165$6,684$6,234$5,814$5,421$4,916
8 years$6,206$5,729$5,287$4,877$4,498$4,014
9 years$5,460$4,988$4,554$4,154$3,788$3,326
10 years$4,864$4,397$3,970$3,581$3,227$2,787
11 years$4,377$3,914$3,495$3,116$2,775$2,356
12 years$3,971$3,513$3,102$2,734$2,405$2,006
13 years$3,628$3,175$2,771$2,413$2,097$1,718
14 years$3,334$2,886$2,490$2,142$1,839$1,479
15 years$3,080$2,636$2,248$1,911$1,619$1,278
16 years$2,858$2,419$2,038$1,711$1,431$1,108
17 years$2,662$2,228$1,855$1,537$1,269$964
18 years$2,488$2,058$1,693$1,385$1,128$841
19 years$2,332$1,908$1,550$1,252$1,005$734
20 years$2,192$1,773$1,422$1,134$898$643
21 years$2,066$1,651$1,308$1,029$804$564
22 years$1,951$1,541$1,206$935$720$495
23 years$1,847$1,442$1,113$852$647$435
24 years$1,751$1,351$1,030$777$581$383
25 years$1,663$1,268$954$710$523$337
26 years$1,582$1,191$885$649$471$297
27 years$1,507$1,121$821$594$425$262
28 years$1,438$1,056$764$544$383$231
29 years$1,373$997$711$499$346$204
30 years$1,313$941$662$458$313$180
31 years$1,257$890$617$421$283$159
32 years$1,204$842$576$387$256$141
33 years$1,155$797$538$355$231$125
34 years$1,109$756$502$327$210$110
35 years$1,065$717$470$301$190$97
36 years$1,024$680$439$277$172$86
37 years$986$646$411$255$156$76
38 years$949$614$385$235$141$68
39 years$915$584$361$217$128$60
40 years$882$556$338$200$116$53
41 years$851$529$317$185$105$47
42 years$821$504$297$171$96$42
43 years$793$480$279$157$87$37
44 years$766$457$262$145$79$33
45 years$741$436$246$134$72$29
46 years$717$416$231$124$65$26
47 years$693$397$217$115$59$23
48 years$671$379$204$106$54$20
49 years$650$362$192$98$49$18
50 years$630$346$180$90$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $645,000, adding $5,783 every year, while hoping to spend $24,410 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: 42/37/21 Blend
74$645,000$645,000$645,000$645,000
75$716,755$682,570$672,573$742,235
76$763,892$690,044$669,132$768,378
77$815,019$697,066$664,758$793,873
78$870,517$703,588$659,393$820,984
79$930,805$709,560$652,978$849,873
80$996,345$714,925$645,450$880,717
81$1,067,643$719,628$636,744$913,716
82$1,145,259$723,606$626,791$949,088
83$1,229,806$726,793$615,519$987,077
84$1,321,960$729,120$602,853$1,027,953
85$1,422,466$730,513$588,715$1,072,015
86$1,532,141$730,892$573,021$1,119,591
87$1,651,888$730,174$555,685$1,171,050
88$1,782,699$728,271$536,618$1,226,795
89$1,925,665$725,087$515,726$1,287,276
90$2,081,989$720,522$492,909$1,352,989
91$2,252,995$714,471$468,065$1,424,483
92$2,440,141$706,821$441,086$1,502,365
93$2,645,033$697,452$411,859$1,587,309
94$2,869,437$686,238$380,267$1,680,058
95$3,115,300$673,045$346,187$1,781,433
96$3,384,767$657,730$309,491$1,892,345
97$3,680,198$640,144$270,044$2,013,799
98$4,004,194$620,127$227,706$2,146,906
99$4,359,620$597,510$182,331$2,292,895
100$4,749,628$572,116$133,767$2,453,123