Can I retire at age 75 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$57,392$56,881$56,382$55,896$55,420$54,390
2 years$28,412$27,883$27,370$26,873$26,391$25,357
3 years$18,753$18,222$17,710$17,218$16,743$15,738
4 years$13,925$13,395$12,889$12,404$11,941$10,972
5 years$11,028$10,502$10,002$9,528$9,078$8,147
6 years$9,098$8,576$8,083$7,619$7,183$6,292
7 years$7,720$7,202$6,717$6,264$5,842$4,991
8 years$6,687$6,173$5,697$5,255$4,846$4,036
9 years$5,884$5,375$4,907$4,476$4,081$3,310
10 years$5,241$4,738$4,278$3,858$3,477$2,745
11 years$4,716$4,218$3,766$3,358$2,991$2,296
12 years$4,279$3,786$3,342$2,945$2,592$1,934
13 years$3,909$3,421$2,986$2,600$2,260$1,638
14 years$3,593$3,110$2,683$2,308$1,981$1,394
15 years$3,319$2,841$2,422$2,059$1,744$1,191
16 years$3,079$2,606$2,196$1,843$1,542$1,021
17 years$2,868$2,400$1,998$1,656$1,367$877
18 years$2,680$2,218$1,824$1,493$1,215$755
19 years$2,513$2,056$1,670$1,349$1,083$652
20 years$2,362$1,910$1,533$1,221$968$563
21 years$2,226$1,779$1,410$1,109$866$488
22 years$2,102$1,661$1,299$1,008$776$423
23 years$1,990$1,553$1,200$918$697$367
24 years$1,887$1,455$1,110$837$626$318
25 years$1,792$1,366$1,028$765$564$277
26 years$1,705$1,284$953$699$508$240
27 years$1,624$1,208$885$640$458$209
28 years$1,549$1,138$823$586$413$182
29 years$1,479$1,074$766$538$373$159
30 years$1,415$1,014$713$493$337$138
31 years$1,354$959$665$453$305$120
32 years$1,298$907$620$416$276$105
33 years$1,245$859$579$383$249$91
34 years$1,195$814$541$352$226$80
35 years$1,148$772$506$324$204$70
36 years$1,104$733$473$299$185$61
37 years$1,062$696$443$275$168$53
38 years$1,023$662$415$254$152$46
39 years$985$629$389$234$138$40
40 years$950$599$364$216$125$35
41 years$917$570$342$199$114$31
42 years$885$543$320$184$103$27
43 years$855$517$301$170$94$23
44 years$826$493$282$157$85$20
45 years$798$470$265$145$77$18
46 years$772$448$249$134$70$16
47 years$747$428$234$123$64$14
48 years$723$408$220$114$58$12
49 years$700$390$207$105$52$10
50 years$679$373$194$97$48$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $695,000, adding $5,536 every year, while hoping to spend $53,670 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: 44/33/23 Blend
74$695,000$695,000$695,000$695,000
75$771,600$734,765$723,993$800,191
76$793,199$713,664$691,142$799,870
77$815,202$689,731$655,392$793,879
78$837,594$662,769$616,589$786,307
79$860,356$632,572$574,572$777,035
80$883,466$598,921$529,174$765,935
81$906,896$561,585$480,218$752,875
82$930,616$520,319$427,521$737,709
83$954,588$474,864$370,893$720,286
84$978,771$424,947$310,133$700,442
85$1,003,115$370,279$245,031$678,005
86$1,027,564$310,554$175,371$652,790
87$1,052,054$245,450$100,925$624,600
88$1,076,512$174,625$21,454$593,225
89$1,100,855$97,721$0$558,442
90$1,124,988$14,355$0$535,560
91$1,148,807$0$0$515,406
92$1,172,191$0$0$520,056
93$1,195,005$0$0$529,597
94$1,217,099$0$0$538,740
95$1,238,302$0$0$547,401
96$1,258,426$0$0$555,489
97$1,277,258$0$0$562,897
98$1,294,561$0$0$569,509
99$1,310,069$0$0$575,196
100$1,323,489$0$0$579,812