Can I retire at age 75 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$58,961$58,436$57,924$57,424$56,935$56,624
2 years$29,189$28,645$28,118$27,608$27,112$26,798
3 years$19,266$18,720$18,194$17,688$17,201$16,894
4 years$14,305$13,761$13,241$12,744$12,268$11,970
5 years$11,330$10,789$10,275$9,788$9,326$9,038
6 years$9,347$8,810$8,304$7,828$7,379$7,102
7 years$7,931$7,399$6,901$6,436$6,001$5,735
8 years$6,870$6,342$5,852$5,399$4,979$4,723
9 years$6,044$5,522$5,041$4,598$4,193$3,947
10 years$5,385$4,867$4,395$3,964$3,572$3,338
11 years$4,845$4,333$3,869$3,450$3,072$2,848
12 years$4,396$3,889$3,434$3,026$2,662$2,448
13 years$4,016$3,515$3,068$2,671$2,322$2,117
14 years$3,691$3,195$2,756$2,371$2,035$1,841
15 years$3,409$2,918$2,489$2,115$1,792$1,607
16 years$3,163$2,678$2,256$1,894$1,584$1,408
17 years$2,946$2,466$2,053$1,701$1,404$1,237
18 years$2,754$2,279$1,874$1,533$1,249$1,090
19 years$2,581$2,112$1,716$1,385$1,113$963
20 years$2,427$1,962$1,575$1,255$994$852
21 years$2,287$1,828$1,448$1,139$890$755
22 years$2,160$1,706$1,335$1,035$797$671
23 years$2,044$1,596$1,233$943$716$596
24 years$1,938$1,495$1,140$860$643$531
25 years$1,841$1,403$1,056$785$579$473
26 years$1,751$1,319$979$718$521$422
27 years$1,668$1,241$909$657$470$376
28 years$1,591$1,169$845$602$424$336
29 years$1,520$1,103$787$552$383$300
30 years$1,453$1,042$733$507$346$269
31 years$1,391$985$683$466$313$240
32 years$1,333$932$637$428$283$215
33 years$1,279$883$595$393$256$193
34 years$1,227$837$556$362$232$173
35 years$1,179$793$520$333$210$155
36 years$1,134$753$486$307$190$139
37 years$1,091$715$455$283$173$124
38 years$1,051$680$426$261$156$111
39 years$1,012$646$399$240$142$100
40 years$976$615$374$222$129$90
41 years$942$585$351$205$117$80
42 years$909$557$329$189$106$72
43 years$878$531$309$174$96$65
44 years$848$506$290$161$87$58
45 years$820$483$272$149$79$52
46 years$793$461$256$137$72$47
47 years$768$440$240$127$65$42
48 years$743$420$226$117$59$38
49 years$720$401$212$108$54$34
50 years$697$383$200$100$49$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $714,000, adding $2,809 every year, while hoping to spend $49,969 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: 59/34/7 Blend
74$714,000$714,000$714,000$714,000
75$789,725$751,883$740,816$834,995
76$817,111$735,559$712,467$849,367
77$845,615$716,760$681,493$859,087
78$875,299$695,313$647,755$868,433
79$906,228$671,032$611,104$877,373
80$938,475$643,724$571,387$885,871
81$972,114$613,181$528,443$893,893
82$1,007,230$579,187$482,106$901,402
83$1,043,909$541,509$432,199$908,362
84$1,082,249$499,905$378,539$914,734
85$1,122,354$454,115$320,935$920,480
86$1,164,335$403,868$259,187$925,563
87$1,208,315$348,875$193,087$929,942
88$1,254,424$288,831$122,417$933,581
89$1,302,808$223,416$46,950$936,440
90$1,353,619$152,289$0$938,483
91$1,407,029$75,091$0$942,183
92$1,463,219$0$0$948,901
93$1,522,390$0$0$958,317
94$1,584,759$0$0$997,875
95$1,650,562$0$0$1,039,635
96$1,720,059$0$0$1,083,765
97$1,793,530$0$0$1,130,445
98$1,871,283$0$0$1,179,874
99$1,953,654$0$0$1,232,271
100$2,041,008$0$0$1,287,872