Can I retire at age 75 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$58,466$57,945$57,437$56,941$56,457$55,682
2 years$28,944$28,405$27,882$27,376$26,884$26,105
3 years$19,104$18,563$18,042$17,540$17,056$16,297
4 years$14,185$13,646$13,130$12,636$12,165$11,431
5 years$11,235$10,698$10,189$9,706$9,248$8,542
6 years$9,268$8,736$8,234$7,762$7,317$6,640
7 years$7,864$7,336$6,843$6,382$5,951$5,302
8 years$6,812$6,289$5,803$5,353$4,937$4,317
9 years$5,994$5,475$4,998$4,560$4,158$3,566
10 years$5,339$4,826$4,358$3,931$3,542$2,979
11 years$4,805$4,297$3,836$3,421$3,047$2,511
12 years$4,359$3,856$3,405$3,001$2,640$2,131
13 years$3,983$3,485$3,042$2,649$2,302$1,820
14 years$3,660$3,168$2,733$2,351$2,018$1,561
15 years$3,381$2,894$2,468$2,097$1,777$1,345
16 years$3,137$2,655$2,237$1,878$1,570$1,162
17 years$2,922$2,445$2,036$1,687$1,392$1,007
18 years$2,730$2,259$1,858$1,520$1,238$875
19 years$2,560$2,094$1,701$1,374$1,104$762
20 years$2,406$1,946$1,561$1,244$986$664
21 years$2,268$1,813$1,436$1,129$882$580
22 years$2,142$1,692$1,324$1,027$791$507
23 years$2,027$1,582$1,222$935$710$444
24 years$1,922$1,483$1,130$853$638$389
25 years$1,825$1,391$1,047$779$574$342
26 years$1,736$1,308$971$712$517$300
27 years$1,654$1,231$902$652$466$263
28 years$1,578$1,160$838$597$421$231
29 years$1,507$1,094$780$548$380$204
30 years$1,441$1,033$727$503$343$179
31 years$1,380$977$677$462$310$158
32 years$1,322$924$632$424$281$139
33 years$1,268$875$590$390$254$122
34 years$1,217$829$551$359$230$108
35 years$1,169$787$515$330$208$95
36 years$1,124$747$482$304$189$84
37 years$1,082$709$451$280$171$74
38 years$1,042$674$423$258$155$65
39 years$1,004$641$396$238$141$57
40 years$968$610$371$220$128$51
41 years$934$580$348$203$116$45
42 years$901$553$326$187$105$39
43 years$871$527$306$173$95$35
44 years$841$502$288$160$87$31
45 years$813$479$270$147$79$27
46 years$787$457$254$136$71$24
47 years$761$436$238$126$65$21
48 years$737$416$224$116$59$19
49 years$714$397$210$107$53$16
50 years$691$380$198$99$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $708,000, adding $2,274 every year, while hoping to spend $31,401 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: 74/14/12 Blend
74$708,000$708,000$708,000$708,000
75$782,562$745,038$734,064$838,416
76$828,972$748,134$725,244$878,712
77$879,065$750,330$715,077$918,713
78$933,181$751,548$703,484$961,679
79$991,697$751,705$690,382$1,007,893
80$1,055,027$750,715$675,687$1,057,669
81$1,123,625$748,486$659,308$1,111,353
82$1,197,991$744,918$641,151$1,169,328
83$1,278,675$739,908$621,118$1,232,013
84$1,366,281$733,344$599,107$1,299,873
85$1,461,474$725,110$575,009$1,373,419
86$1,564,985$715,082$548,713$1,453,217
87$1,677,620$703,127$520,101$1,539,888
88$1,800,263$689,105$489,049$1,634,118
89$1,933,888$672,870$455,431$1,736,665
90$2,079,568$654,264$419,112$1,848,364
91$2,238,483$633,122$379,951$1,970,134
92$2,411,931$609,268$337,802$2,102,992
93$2,601,343$582,517$292,513$2,248,057
94$2,808,291$552,672$243,924$2,406,565
95$3,034,509$519,525$191,867$2,579,876
96$3,281,904$482,856$136,170$2,769,492
97$3,552,576$442,434$76,650$2,977,071
98$3,848,838$398,013$13,117$3,204,438
99$4,173,237$349,333$0$3,453,608
100$4,528,577$296,120$0$3,733,803