Can I retire at age 75 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$57,971$57,454$56,950$56,459$55,978$55,579
2 years$28,698$28,164$27,646$27,144$26,656$26,254
3 years$18,942$18,405$17,889$17,391$16,912$16,518
4 years$14,065$13,530$13,018$12,529$12,062$11,680
5 years$11,140$10,608$10,103$9,624$9,169$8,801
6 years$9,190$8,662$8,165$7,696$7,255$6,901
7 years$7,798$7,274$6,785$6,327$5,900$5,560
8 years$6,754$6,235$5,754$5,308$4,895$4,568
9 years$5,943$5,429$4,956$4,521$4,122$3,810
10 years$5,294$4,785$4,321$3,897$3,512$3,213
11 years$4,764$4,260$3,804$3,392$3,021$2,735
12 years$4,322$3,824$3,376$2,975$2,618$2,345
13 years$3,949$3,456$3,016$2,627$2,283$2,023
14 years$3,629$3,141$2,710$2,332$2,001$1,754
15 years$3,352$2,869$2,447$2,079$1,762$1,527
16 years$3,110$2,633$2,218$1,862$1,557$1,334
17 years$2,897$2,424$2,019$1,673$1,381$1,170
18 years$2,707$2,240$1,843$1,508$1,228$1,028
19 years$2,538$2,076$1,687$1,362$1,094$905
20 years$2,386$1,929$1,548$1,234$977$799
21 years$2,248$1,797$1,424$1,120$875$706
22 years$2,124$1,678$1,312$1,018$784$625
23 years$2,010$1,569$1,212$927$704$554
24 years$1,906$1,470$1,121$846$633$491
25 years$1,810$1,380$1,038$772$569$436
26 years$1,722$1,297$963$706$513$388
27 years$1,640$1,220$894$646$462$345
28 years$1,565$1,150$831$592$417$307
29 years$1,494$1,085$773$543$377$274
30 years$1,429$1,024$720$498$340$244
31 years$1,368$968$672$458$308$218
32 years$1,311$916$627$421$278$194
33 years$1,257$868$585$387$252$173
34 years$1,207$822$547$356$228$155
35 years$1,160$780$511$328$207$138
36 years$1,115$740$478$302$187$123
37 years$1,073$703$447$278$170$110
38 years$1,033$668$419$256$154$99
39 years$995$635$393$236$139$88
40 years$960$605$368$218$126$79
41 years$926$576$345$201$115$70
42 years$894$548$324$186$104$63
43 years$863$522$304$171$94$56
44 years$834$498$285$158$86$50
45 years$806$475$268$146$78$45
46 years$780$453$251$135$71$40
47 years$755$432$236$125$64$36
48 years$731$413$222$115$58$32
49 years$707$394$209$106$53$29
50 years$685$376$196$98$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $702,000, adding $3,851 every year, while hoping to spend $47,626 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: 54/26/20 Blend
74$702,000$702,000$702,000$702,000
75$777,576$740,370$729,489$815,138
76$806,215$725,975$703,254$826,904
77$836,179$709,278$674,543$834,365
78$867,553$690,116$643,223$841,458
79$900,429$668,317$609,157$848,161
80$934,906$643,698$572,197$854,454
81$971,093$616,065$532,192$860,317
82$1,009,107$585,215$488,982$865,732
83$1,049,075$550,930$442,403$870,681
84$1,091,137$512,982$392,280$875,148
85$1,135,444$471,128$338,432$879,121
86$1,182,160$425,114$280,670$882,589
87$1,231,464$374,669$218,796$885,543
88$1,283,552$319,506$152,604$887,980
89$1,338,637$259,325$81,879$889,900
90$1,396,952$193,805$6,396$891,308
91$1,458,750$122,612$0$892,215
92$1,524,311$45,388$0$908,464
93$1,593,937$0$0$926,742
94$1,667,960$0$0$956,711
95$1,746,744$0$0$1,002,464
96$1,830,687$0$0$1,051,252
97$1,920,224$0$0$1,103,331
98$2,015,832$0$0$1,158,986
99$2,118,034$0$0$1,218,525
100$2,227,403$0$0$1,282,290