Can I retire at age 75 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$56,732$56,226$55,733$55,252$54,782$53,875
2 years$28,085$27,562$27,055$26,564$26,087$25,175
3 years$18,537$18,012$17,506$17,020$16,551$15,663
4 years$13,764$13,241$12,740$12,262$11,804$10,948
5 years$10,901$10,381$9,887$9,418$8,973$8,150
6 years$8,993$8,477$7,990$7,532$7,100$6,312
7 years$7,631$7,119$6,640$6,192$5,774$5,021
8 years$6,610$6,102$5,631$5,195$4,790$4,071
9 years$5,816$5,313$4,850$4,425$4,034$3,349
10 years$5,181$4,683$4,228$3,814$3,437$2,786
11 years$4,662$4,169$3,723$3,319$2,956$2,338
12 years$4,230$3,742$3,304$2,912$2,562$1,976
13 years$3,864$3,382$2,952$2,570$2,234$1,679
14 years$3,552$3,074$2,652$2,282$1,958$1,434
15 years$3,281$2,808$2,394$2,035$1,724$1,229
16 years$3,044$2,576$2,171$1,822$1,524$1,057
17 years$2,835$2,373$1,975$1,637$1,351$911
18 years$2,649$2,192$1,803$1,475$1,201$788
19 years$2,484$2,032$1,651$1,333$1,071$682
20 years$2,335$1,888$1,515$1,207$956$592
21 years$2,200$1,759$1,394$1,096$856$514
22 years$2,078$1,642$1,284$996$767$447
23 years$1,967$1,535$1,186$907$689$390
24 years$1,865$1,439$1,097$828$619$340
25 years$1,771$1,350$1,016$756$557$296
26 years$1,685$1,269$942$691$502$259
27 years$1,605$1,194$875$633$452$226
28 years$1,531$1,125$813$580$408$197
29 years$1,462$1,062$757$531$369$173
30 years$1,398$1,003$705$488$333$151
31 years$1,339$948$657$448$301$132
32 years$1,283$897$613$412$272$116
33 years$1,230$849$573$379$246$101
34 years$1,181$805$535$348$223$89
35 years$1,135$763$500$321$202$78
36 years$1,091$725$468$295$183$68
37 years$1,050$688$438$272$166$60
38 years$1,011$654$410$251$150$52
39 years$974$622$384$231$136$46
40 years$939$592$360$213$124$40
41 years$906$563$338$197$112$35
42 years$875$536$317$182$102$31
43 years$845$511$297$168$92$27
44 years$816$487$279$155$84$24
45 years$789$465$262$143$76$21
46 years$763$443$246$132$69$18
47 years$739$423$231$122$63$16
48 years$715$404$217$113$57$14
49 years$692$386$204$104$52$12
50 years$671$368$192$96$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $687,000, adding $6,077 every year, while hoping to spend $45,769 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: 40/47/13 Blend
74$687,000$687,000$687,000$687,000
75$763,342$726,931$716,283$790,689
76$792,505$713,853$691,581$797,525
77$823,109$698,600$664,517$799,964
78$855,252$681,017$634,964$801,601
79$889,042$660,941$602,789$802,385
80$924,594$638,197$567,852$802,264
81$962,036$612,602$530,009$801,184
82$1,001,506$583,962$489,107$799,088
83$1,043,154$552,071$444,986$795,922
84$1,087,145$516,711$397,482$791,627
85$1,133,656$477,653$346,420$786,145
86$1,182,884$434,652$291,620$779,420
87$1,235,041$387,453$232,892$771,393
88$1,290,361$335,784$170,040$762,006
89$1,349,097$279,357$102,856$751,202
90$1,411,529$217,870$31,125$738,926
91$1,477,961$151,001$0$725,124
92$1,548,726$78,414$0$716,046
93$1,624,190$0$0$710,360
94$1,704,752$0$0$703,864
95$1,790,851$0$0$740,317
96$1,882,966$0$0$779,375
97$1,981,625$0$0$821,269
98$2,087,405$0$0$866,252
99$2,200,940$0$0$914,601
100$2,322,925$0$0$966,621