Can I retire at age 75 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$57,145$56,636$56,139$55,654$55,181$54,719
2 years$28,289$27,763$27,252$26,757$26,277$25,811
3 years$18,672$18,143$17,634$17,143$16,671$16,216
4 years$13,865$13,337$12,833$12,351$11,890$11,449
5 years$10,981$10,456$9,959$9,487$9,039$8,613
6 years$9,059$8,539$8,048$7,587$7,152$6,743
7 years$7,687$7,171$6,688$6,237$5,816$5,424
8 years$6,658$6,147$5,672$5,232$4,825$4,449
9 years$5,858$5,352$4,885$4,457$4,064$3,703
10 years$5,219$4,717$4,259$3,842$3,462$3,118
11 years$4,696$4,199$3,750$3,344$2,978$2,649
12 years$4,261$3,769$3,328$2,933$2,580$2,267
13 years$3,893$3,406$2,973$2,589$2,250$1,952
14 years$3,577$3,096$2,671$2,298$1,973$1,689
15 years$3,304$2,828$2,412$2,050$1,737$1,468
16 years$3,066$2,595$2,187$1,835$1,535$1,280
17 years$2,856$2,390$1,990$1,649$1,361$1,119
18 years$2,669$2,208$1,816$1,486$1,210$982
19 years$2,502$2,047$1,663$1,343$1,079$863
20 years$2,352$1,902$1,526$1,216$963$759
21 years$2,216$1,772$1,404$1,104$862$670
22 years$2,093$1,654$1,294$1,004$773$592
23 years$1,981$1,547$1,195$914$694$523
24 years$1,878$1,449$1,105$834$624$463
25 years$1,784$1,360$1,023$761$561$410
26 years$1,697$1,278$949$696$505$364
27 years$1,617$1,203$881$637$456$323
28 years$1,542$1,133$819$584$411$287
29 years$1,473$1,069$762$535$371$255
30 years$1,409$1,010$710$491$335$227
31 years$1,348$955$662$451$303$202
32 years$1,292$903$618$415$274$179
33 years$1,239$855$577$381$248$160
34 years$1,190$811$539$351$225$142
35 years$1,143$769$504$323$204$127
36 years$1,099$730$471$297$184$113
37 years$1,058$693$441$274$167$101
38 years$1,018$659$413$253$152$90
39 years$981$626$387$233$137$80
40 years$946$596$363$215$125$71
41 years$913$567$340$198$113$64
42 years$881$540$319$183$103$57
43 years$851$515$299$169$93$51
44 years$822$491$281$156$85$45
45 years$795$468$264$144$77$40
46 years$769$446$248$133$70$36
47 years$744$426$233$123$63$32
48 years$720$407$219$114$57$29
49 years$697$388$206$105$52$26
50 years$676$371$193$97$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $692,000, adding $6,588 every year, while hoping to spend $42,226 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: 30/45/25 Blend
74$692,000$692,000$692,000$692,000
75$769,380$732,704$721,978$786,356
76$802,928$723,678$701,236$790,984
77$838,483$712,795$678,384$791,783
78$876,206$699,918$653,306$791,785
79$916,269$684,905$625,883$790,950
80$958,867$667,604$595,988$789,236
81$1,004,207$647,852$563,489$786,602
82$1,052,519$625,480$528,249$783,009
83$1,104,054$600,306$490,124$778,417
84$1,159,088$572,141$448,963$772,788
85$1,217,921$540,782$404,609$766,086
86$1,280,884$506,016$356,899$758,277
87$1,348,339$467,616$305,660$749,331
88$1,420,685$425,344$250,715$739,218
89$1,498,356$378,947$191,875$727,918
90$1,581,832$328,159$128,946$715,410
91$1,671,637$272,698$61,725$701,684
92$1,768,349$212,265$0$686,735
93$1,872,601$146,547$0$673,237
94$1,985,090$75,210$0$676,278
95$2,106,578$0$0$679,462
96$2,237,908$0$0$683,930
97$2,380,001$0$0$729,144
98$2,533,874$0$0$778,197
99$2,700,641$0$0$831,456
100$2,881,531$0$0$889,325