Can I retire at age 75 with 716,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$59,127$58,600$58,086$57,585$57,095$56,218
2 years$29,271$28,725$28,197$27,685$27,188$26,307
3 years$19,320$18,772$18,245$17,738$17,249$16,391
4 years$14,346$13,800$13,278$12,779$12,302$11,474
5 years$11,362$10,819$10,304$9,816$9,352$8,556
6 years$9,373$8,835$8,327$7,850$7,400$6,636
7 years$7,953$7,419$6,920$6,454$6,018$5,288
8 years$6,889$6,360$5,869$5,414$4,993$4,295
9 years$6,061$5,537$5,055$4,611$4,204$3,540
10 years$5,400$4,881$4,407$3,975$3,582$2,950
11 years$4,859$4,345$3,880$3,459$3,081$2,480
12 years$4,408$3,900$3,443$3,034$2,670$2,100
13 years$4,028$3,524$3,076$2,679$2,328$1,788
14 years$3,701$3,204$2,764$2,378$2,041$1,530
15 years$3,419$2,927$2,496$2,121$1,797$1,314
16 years$3,172$2,685$2,263$1,899$1,588$1,132
17 years$2,955$2,473$2,059$1,706$1,408$979
18 years$2,761$2,285$1,879$1,538$1,252$848
19 years$2,589$2,118$1,721$1,389$1,116$736
20 years$2,433$1,968$1,579$1,258$997$640
21 years$2,293$1,833$1,452$1,142$892$557
22 years$2,166$1,711$1,339$1,038$800$486
23 years$2,050$1,600$1,236$946$718$424
24 years$1,944$1,499$1,143$862$645$370
25 years$1,846$1,407$1,059$788$581$324
26 years$1,756$1,322$982$720$523$283
27 years$1,673$1,245$912$659$471$248
28 years$1,596$1,173$848$604$425$217
29 years$1,524$1,106$789$554$384$191
30 years$1,457$1,045$735$508$347$167
31 years$1,395$988$685$467$314$147
32 years$1,337$935$639$429$284$129
33 years$1,282$885$597$395$257$113
34 years$1,231$839$558$363$233$99
35 years$1,183$796$521$334$211$87
36 years$1,137$755$488$308$191$76
37 years$1,094$717$456$284$173$67
38 years$1,054$682$427$261$157$59
39 years$1,015$648$400$241$142$52
40 years$979$617$375$222$129$46
41 years$944$587$352$205$117$40
42 years$912$559$330$189$106$35
43 years$880$533$310$175$96$31
44 years$851$508$291$161$87$27
45 years$822$484$273$149$79$24
46 years$795$462$256$138$72$21
47 years$770$441$241$127$65$18
48 years$745$421$226$117$59$16
49 years$722$402$213$109$54$14
50 years$699$384$200$100$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $716,000, adding $4,753 every year, while hoping to spend $23,729 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: 76/16/8 Blend
74$716,000$716,000$716,000$716,000
75$793,935$755,987$744,889$852,977
76$849,669$767,783$744,595$904,265
77$910,292$779,361$743,496$956,961
78$976,279$790,687$741,540$1,014,037
79$1,048,150$801,721$738,672$1,075,920
80$1,126,479$812,423$734,836$1,143,078
81$1,211,897$822,750$729,970$1,216,028
82$1,305,100$832,653$724,013$1,295,338
83$1,406,851$842,084$716,899$1,381,636
84$1,517,992$850,989$708,557$1,475,611
85$1,639,451$859,311$698,918$1,578,025
86$1,772,247$866,989$687,903$1,689,715
87$1,917,504$873,959$675,436$1,811,605
88$2,076,458$880,152$661,432$1,944,712
89$2,250,472$885,495$645,805$2,090,159
90$2,441,045$889,909$628,464$2,249,179
91$2,649,829$893,312$609,315$2,423,136
92$2,878,642$895,615$588,258$2,613,529
93$3,129,488$896,724$565,189$2,822,011
94$3,404,573$896,541$540,000$3,050,405
95$3,706,327$894,959$512,577$3,300,720
96$4,037,426$891,865$482,802$3,575,167
97$4,400,818$887,141$450,551$3,876,186
98$4,799,751$880,661$415,694$4,206,465
99$5,237,801$872,289$378,095$4,568,966
100$5,718,910$861,884$337,614$4,966,953