Can I retire at age 75 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$53,924$53,444$52,975$52,518$52,071$51,786
2 years$26,695$26,198$25,716$25,249$24,796$24,508
3 years$17,620$17,121$16,640$16,177$15,731$15,450
4 years$13,083$12,585$12,110$11,655$11,220$10,947
5 years$10,362$9,867$9,398$8,952$8,529$8,266
6 years$8,548$8,057$7,595$7,159$6,749$6,495
7 years$7,253$6,766$6,311$5,886$5,489$5,245
8 years$6,283$5,800$5,352$4,937$4,553$4,319
9 years$5,528$5,050$4,610$4,206$3,835$3,610
10 years$4,925$4,451$4,019$3,625$3,267$3,052
11 years$4,431$3,963$3,538$3,155$2,810$2,605
12 years$4,021$3,557$3,140$2,767$2,435$2,239
13 years$3,673$3,214$2,806$2,443$2,123$1,936
14 years$3,376$2,922$2,521$2,169$1,861$1,683
15 years$3,118$2,669$2,276$1,934$1,639$1,469
16 years$2,893$2,449$2,063$1,732$1,448$1,287
17 years$2,695$2,255$1,878$1,556$1,284$1,131
18 years$2,518$2,084$1,714$1,402$1,142$997
19 years$2,361$1,931$1,569$1,267$1,018$881
20 years$2,219$1,795$1,440$1,148$909$779
21 years$2,091$1,672$1,325$1,042$814$691
22 years$1,975$1,560$1,221$947$729$613
23 years$1,869$1,459$1,127$862$655$545
24 years$1,773$1,367$1,042$787$588$485
25 years$1,684$1,283$966$718$529$432
26 years$1,602$1,206$896$657$477$386
27 years$1,526$1,135$832$601$430$344
28 years$1,455$1,070$773$551$388$307
29 years$1,390$1,009$719$505$350$275
30 years$1,329$953$670$464$317$246
31 years$1,272$901$625$426$286$220
32 years$1,219$852$583$391$259$197
33 years$1,169$807$544$360$234$176
34 years$1,123$765$508$331$212$158
35 years$1,079$726$475$305$192$141
36 years$1,037$689$445$281$174$127
37 years$998$654$416$259$158$114
38 years$961$622$390$238$143$102
39 years$926$591$365$220$130$91
40 years$893$562$342$203$118$82
41 years$861$535$321$187$107$74
42 years$831$510$301$173$97$66
43 years$803$486$283$159$88$59
44 years$776$463$265$147$80$53
45 years$750$442$249$136$72$48
46 years$725$421$234$126$66$43
47 years$702$402$220$116$60$38
48 years$680$384$206$107$54$35
49 years$658$366$194$99$49$31
50 years$638$350$182$92$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $653,000, adding $2,931 every year, while hoping to spend $42,371 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: 22/50/28 Blend
74$653,000$653,000$653,000$653,000
75$722,629$688,020$677,899$732,061
76$751,255$676,651$655,526$729,273
77$781,381$663,304$630,984$722,554
78$813,114$647,839$604,154$714,455
79$846,573$630,105$574,915$704,889
80$881,887$609,943$543,138$693,767
81$919,195$587,186$508,688$680,998
82$958,650$561,655$471,427$666,483
83$1,000,419$533,163$431,206$650,122
84$1,044,684$501,510$387,874$631,812
85$1,091,644$466,486$341,270$611,443
86$1,141,516$427,869$291,227$588,904
87$1,194,539$385,422$237,572$564,078
88$1,250,973$338,899$180,121$536,846
89$1,311,103$288,036$118,686$507,084
90$1,375,241$232,555$53,067$474,664
91$1,443,729$172,163$0$439,457
92$1,516,941$106,551$0$406,395
93$1,595,288$35,391$0$387,523
94$1,679,220$0$0$366,897
95$1,769,232$0$0$367,367
96$1,865,865$0$0$388,855
97$1,969,715$0$0$412,032
98$2,081,433$0$0$437,054
99$2,201,736$0$0$464,092
100$2,331,413$0$0$493,335