Can I retire at age 75 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$58,383$57,863$57,356$56,861$56,377$55,673
2 years$28,903$28,364$27,843$27,337$26,846$26,137
3 years$19,077$18,536$18,016$17,515$17,032$16,341
4 years$14,165$13,626$13,111$12,619$12,148$11,479
5 years$11,219$10,683$10,175$9,692$9,234$8,591
6 years$9,255$8,724$8,223$7,751$7,307$6,689
7 years$7,853$7,326$6,833$6,373$5,942$5,351
8 years$6,802$6,280$5,795$5,346$4,930$4,364
9 years$5,985$5,468$4,991$4,553$4,152$3,611
10 years$5,332$4,819$4,351$3,925$3,537$3,022
11 years$4,798$4,291$3,831$3,416$3,042$2,552
12 years$4,353$3,851$3,400$2,996$2,636$2,170
13 years$3,977$3,480$3,038$2,645$2,299$1,857
14 years$3,655$3,163$2,729$2,348$2,015$1,596
15 years$3,376$2,890$2,464$2,094$1,774$1,377
16 years$3,132$2,651$2,234$1,875$1,568$1,193
17 years$2,917$2,442$2,033$1,685$1,390$1,036
18 years$2,727$2,256$1,856$1,518$1,236$902
19 years$2,556$2,091$1,699$1,372$1,102$787
20 years$2,403$1,943$1,559$1,243$984$688
21 years$2,264$1,810$1,434$1,128$881$602
22 years$2,139$1,690$1,322$1,025$790$528
23 years$2,024$1,580$1,220$934$709$463
24 years$1,919$1,481$1,129$852$637$407
25 years$1,823$1,389$1,045$778$573$358
26 years$1,734$1,306$970$711$516$315
27 years$1,652$1,229$900$651$466$277
28 years$1,576$1,158$837$596$420$244
29 years$1,505$1,092$779$547$379$215
30 years$1,439$1,032$725$502$343$190
31 years$1,378$975$676$461$310$168
32 years$1,320$923$631$424$280$148
33 years$1,266$874$589$390$254$131
34 years$1,215$828$551$358$230$115
35 years$1,168$786$515$330$208$102
36 years$1,123$746$481$304$188$90
37 years$1,080$708$451$280$171$80
38 years$1,040$673$422$258$155$70
39 years$1,003$640$395$238$140$62
40 years$967$609$371$219$127$55
41 years$932$580$348$203$116$49
42 years$900$552$326$187$105$43
43 years$869$526$306$173$95$38
44 years$840$501$287$159$86$34
45 years$812$478$270$147$78$30
46 years$785$456$253$136$71$26
47 years$760$435$238$126$65$23
48 years$736$415$224$116$59$21
49 years$713$397$210$107$53$18
50 years$690$379$198$99$48$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $707,000, adding $5,110 every year, while hoping to spend $35,617 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: 53/25/22 Blend
74$707,000$707,000$707,000$707,000
75$784,385$746,914$735,955$820,952
76$826,496$745,617$722,714$845,377
77$871,709$743,062$707,835$867,819
78$920,302$739,151$691,226$891,489
79$972,581$733,778$672,791$916,516
80$1,028,883$726,831$652,428$943,044
81$1,089,576$718,193$630,031$971,234
82$1,155,066$707,737$605,490$1,001,265
83$1,225,798$695,332$578,689$1,033,336
84$1,302,261$680,835$549,507$1,067,668
85$1,384,994$664,098$517,818$1,104,507
86$1,474,587$644,963$483,489$1,144,128
87$1,571,692$623,263$446,382$1,186,834
88$1,677,021$598,820$406,353$1,232,965
89$1,791,363$571,447$363,251$1,282,897
90$1,915,581$540,947$316,919$1,337,046
91$2,050,626$507,109$267,192$1,395,876
92$2,197,545$469,713$213,898$1,459,900
93$2,357,489$428,523$156,858$1,529,691
94$2,531,725$383,293$95,885$1,605,879
95$2,721,646$333,760$30,783$1,689,166
96$2,928,788$279,648$0$1,780,329
97$3,154,839$220,665$0$1,889,313
98$3,401,657$156,502$0$2,016,291
99$3,671,289$86,833$0$2,155,139
100$3,965,987$11,315$0$2,307,081