Can I retire at age 75 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$53,676$53,198$52,732$52,276$51,832$51,419
2 years$26,572$26,078$25,598$25,133$24,682$24,266
3 years$17,539$17,042$16,564$16,103$15,659$15,253
4 years$13,023$12,528$12,054$11,601$11,168$10,774
5 years$10,314$9,822$9,354$8,911$8,490$8,110
6 years$8,509$8,020$7,560$7,126$6,718$6,352
7 years$7,220$6,735$6,282$5,859$5,463$5,112
8 years$6,254$5,773$5,328$4,915$4,532$4,196
9 years$5,503$5,027$4,589$4,186$3,817$3,495
10 years$4,902$4,431$4,001$3,609$3,252$2,944
11 years$4,411$3,945$3,522$3,141$2,797$2,503
12 years$4,002$3,540$3,126$2,755$2,424$2,144
13 years$3,656$3,200$2,793$2,432$2,114$1,847
14 years$3,360$2,908$2,509$2,159$1,853$1,599
15 years$3,104$2,657$2,266$1,925$1,631$1,390
16 years$2,880$2,438$2,054$1,724$1,442$1,213
17 years$2,682$2,245$1,869$1,549$1,278$1,062
18 years$2,507$2,074$1,706$1,396$1,137$932
19 years$2,350$1,923$1,562$1,261$1,013$819
20 years$2,209$1,786$1,433$1,142$905$722
21 years$2,082$1,664$1,319$1,037$810$637
22 years$1,966$1,553$1,215$943$726$563
23 years$1,861$1,453$1,122$858$652$498
24 years$1,764$1,361$1,038$783$586$442
25 years$1,676$1,277$961$715$527$392
26 years$1,594$1,201$891$654$475$348
27 years$1,519$1,130$828$598$428$309
28 years$1,449$1,065$769$548$386$274
29 years$1,384$1,004$716$503$349$244
30 years$1,323$949$667$461$315$217
31 years$1,267$897$622$424$285$193
32 years$1,214$848$580$390$258$172
33 years$1,164$803$542$358$233$153
34 years$1,117$762$506$330$211$137
35 years$1,074$722$473$303$191$122
36 years$1,032$686$443$279$173$109
37 years$993$651$414$257$157$97
38 years$957$619$388$237$142$87
39 years$922$588$364$219$129$77
40 years$889$560$341$202$117$69
41 years$857$533$319$186$106$62
42 years$828$508$300$172$96$55
43 years$799$484$281$159$87$49
44 years$772$461$264$146$79$44
45 years$747$440$248$135$72$39
46 years$722$419$233$125$65$35
47 years$699$400$219$115$59$31
48 years$676$382$206$107$54$28
49 years$655$365$193$99$49$25
50 years$635$348$182$91$45$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $650,000, adding $6,133 every year, while hoping to spend $54,677 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: 72/17/11 Blend
74$650,000$650,000$650,000$650,000
75$722,626$688,176$678,101$772,632
76$738,158$663,721$642,642$782,076
77$753,442$636,235$604,162$785,083
78$768,394$605,512$562,502$786,893
79$782,922$571,333$517,498$787,375
80$796,920$533,469$468,974$786,385
81$810,272$491,674$416,750$783,766
82$822,845$445,692$360,637$779,346
83$834,494$395,249$300,437$772,938
84$845,054$340,058$235,943$764,337
85$854,342$279,814$166,940$753,319
86$862,155$214,195$93,203$739,641
87$868,267$142,862$14,497$723,035
88$872,424$65,456$0$703,209
89$874,346$0$0$688,002
90$873,722$0$0$674,695
91$870,205$0$0$671,321
92$863,412$0$0$665,328
93$852,915$0$0$656,378
94$838,243$0$0$644,095
95$818,872$0$0$628,064
96$794,222$0$0$607,823
97$763,650$0$0$582,862
98$726,445$0$0$552,616
99$681,819$0$0$516,459
100$628,902$0$0$473,700