Can I retire at age 75 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$55,411$54,917$54,435$53,965$53,506$52,992
2 years$27,431$26,920$26,425$25,945$25,479$24,961
3 years$18,106$17,593$17,099$16,623$16,165$15,659
4 years$13,444$12,932$12,443$11,976$11,529$11,039
5 years$10,648$10,139$9,657$9,199$8,764$8,292
6 years$8,784$8,279$7,804$7,356$6,935$6,481
7 years$7,453$6,953$6,485$6,048$5,640$5,204
8 years$6,456$5,960$5,500$5,074$4,679$4,261
9 years$5,680$5,189$4,737$4,322$3,940$3,541
10 years$5,060$4,574$4,130$3,725$3,357$2,976
11 years$4,554$4,072$3,636$3,242$2,887$2,524
12 years$4,131$3,655$3,227$2,844$2,502$2,156
13 years$3,774$3,303$2,883$2,511$2,182$1,853
14 years$3,469$3,002$2,590$2,229$1,913$1,600
15 years$3,204$2,743$2,339$1,988$1,684$1,387
16 years$2,973$2,516$2,120$1,780$1,488$1,207
17 years$2,769$2,317$1,929$1,599$1,320$1,054
18 years$2,588$2,141$1,761$1,441$1,173$922
19 years$2,426$1,985$1,612$1,302$1,046$809
20 years$2,281$1,844$1,480$1,179$934$710
21 years$2,149$1,718$1,361$1,070$836$625
22 years$2,030$1,604$1,254$973$749$551
23 years$1,921$1,500$1,158$886$673$486
24 years$1,821$1,405$1,071$808$605$429
25 years$1,730$1,319$992$738$544$379
26 years$1,646$1,239$920$675$490$336
27 years$1,568$1,166$854$618$442$297
28 years$1,496$1,099$794$566$399$263
29 years$1,428$1,037$739$519$360$234
30 years$1,366$979$689$476$325$207
31 years$1,307$926$642$438$294$184
32 years$1,253$876$599$402$266$163
33 years$1,202$829$559$370$241$145
34 years$1,154$786$522$340$218$129
35 years$1,108$746$488$313$197$114
36 years$1,066$708$457$288$179$102
37 years$1,025$672$428$266$162$90
38 years$987$639$401$245$147$80
39 years$951$607$375$226$133$71
40 years$917$578$352$208$121$64
41 years$885$550$330$192$110$57
42 years$854$524$309$177$100$50
43 years$825$499$290$164$90$45
44 years$797$476$273$151$82$40
45 years$771$454$256$140$74$35
46 years$745$433$240$129$68$32
47 years$721$413$226$119$61$28
48 years$698$394$212$110$56$25
49 years$676$377$199$102$51$22
50 years$655$360$187$94$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $671,000, adding $2,104 every year, while hoping to spend $23,277 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: 62/11/27 Blend
74$671,000$671,000$671,000$671,000
75$741,612$706,049$695,649$782,119
76$792,490$715,879$694,186$819,699
77$847,777$725,411$691,895$857,995
78$907,899$734,604$688,722$899,310
79$973,324$743,418$684,613$943,946
80$1,044,565$751,808$679,510$992,231
81$1,122,190$759,726$673,352$1,044,532
82$1,206,821$767,121$666,078$1,101,249
83$1,299,145$773,938$657,620$1,162,828
84$1,399,917$780,120$647,909$1,229,759
85$1,509,968$785,605$636,873$1,302,581
86$1,630,213$790,328$624,436$1,381,892
87$1,761,658$794,218$610,519$1,468,348
88$1,905,414$797,201$595,038$1,562,678
89$2,062,702$799,199$577,907$1,665,681
90$2,234,864$800,127$559,034$1,778,241
91$2,423,384$799,896$538,325$1,901,333
92$2,629,889$798,412$515,679$2,036,032
93$2,856,177$795,573$490,994$2,183,525
94$3,104,225$791,274$464,160$2,345,119
95$3,376,210$785,401$435,063$2,522,259
96$3,674,532$777,833$403,586$2,716,537
97$4,001,831$768,444$369,603$2,929,707
98$4,361,019$757,099$332,986$3,163,708
99$4,755,300$743,654$293,598$3,420,674
100$5,188,206$727,958$251,299$3,702,962