Can I retire at age 75 with 653,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$53,924$53,444$52,975$52,518$52,071$51,765
2 years$26,695$26,198$25,716$25,249$24,796$24,487
3 years$17,620$17,121$16,640$16,177$15,731$15,429
4 years$13,083$12,585$12,110$11,655$11,220$10,927
5 years$10,362$9,867$9,398$8,952$8,529$8,246
6 years$8,548$8,057$7,595$7,159$6,749$6,476
7 years$7,253$6,766$6,311$5,886$5,489$5,226
8 years$6,283$5,800$5,352$4,937$4,553$4,302
9 years$5,528$5,050$4,610$4,206$3,835$3,593
10 years$4,925$4,451$4,019$3,625$3,267$3,036
11 years$4,431$3,963$3,538$3,155$2,810$2,589
12 years$4,021$3,557$3,140$2,767$2,435$2,225
13 years$3,673$3,214$2,806$2,443$2,123$1,923
14 years$3,376$2,922$2,521$2,169$1,861$1,670
15 years$3,118$2,669$2,276$1,934$1,639$1,457
16 years$2,893$2,449$2,063$1,732$1,448$1,276
17 years$2,695$2,255$1,878$1,556$1,284$1,120
18 years$2,518$2,084$1,714$1,402$1,142$987
19 years$2,361$1,931$1,569$1,267$1,018$871
20 years$2,219$1,795$1,440$1,148$909$770
21 years$2,091$1,672$1,325$1,042$814$682
22 years$1,975$1,560$1,221$947$729$605
23 years$1,869$1,459$1,127$862$655$538
24 years$1,773$1,367$1,042$787$588$478
25 years$1,684$1,283$966$718$529$426
26 years$1,602$1,206$896$657$477$379
27 years$1,526$1,135$832$601$430$338
28 years$1,455$1,070$773$551$388$302
29 years$1,390$1,009$719$505$350$270
30 years$1,329$953$670$464$317$241
31 years$1,272$901$625$426$286$215
32 years$1,219$852$583$391$259$193
33 years$1,169$807$544$360$234$172
34 years$1,123$765$508$331$212$154
35 years$1,079$726$475$305$192$138
36 years$1,037$689$445$281$174$124
37 years$998$654$416$259$158$111
38 years$961$622$390$238$143$99
39 years$926$591$365$220$130$89
40 years$893$562$342$203$118$80
41 years$861$535$321$187$107$71
42 years$831$510$301$173$97$64
43 years$803$486$283$159$88$57
44 years$776$463$265$147$80$51
45 years$750$442$249$136$72$46
46 years$725$421$234$126$66$41
47 years$702$402$220$116$60$37
48 years$680$384$206$107$54$33
49 years$658$366$194$99$49$30
50 years$638$350$182$92$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $653,000, adding $3,765 every year, while hoping to spend $34,646 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: 73/10/17 Blend
74$653,000$653,000$653,000$653,000
75$723,490$688,881$678,759$773,206
76$760,422$685,773$664,634$803,575
77$799,961$681,351$648,875$832,249
78$842,335$675,515$631,391$862,755
79$887,796$668,158$612,085$895,268
80$936,619$659,166$590,858$929,979
81$989,108$648,419$567,605$967,104
82$1,045,594$635,789$542,217$1,006,875
83$1,106,444$621,141$514,580$1,049,552
84$1,172,057$604,333$484,575$1,095,424
85$1,242,875$585,214$452,076$1,144,805
86$1,319,381$563,622$416,954$1,198,046
87$1,402,108$539,389$379,071$1,255,533
88$1,491,639$512,335$338,286$1,317,692
89$1,588,618$482,271$294,450$1,384,995
90$1,693,750$448,996$247,408$1,457,962
91$1,807,814$412,298$196,997$1,537,168
92$1,931,663$371,952$143,049$1,623,246
93$2,066,237$327,723$85,386$1,716,897
94$2,212,571$279,359$23,823$1,818,895
95$2,371,801$226,596$0$1,930,092
96$2,545,180$169,154$0$2,059,027
97$2,734,084$106,738$0$2,204,250
98$2,940,029$39,037$0$2,362,621
99$3,164,684$0$0$2,535,447
100$3,409,883$0$0$2,727,941