Can I retire at age 75 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$59,292$58,764$58,248$57,745$57,254$56,121
2 years$29,352$28,806$28,276$27,762$27,264$26,127
3 years$19,374$18,825$18,296$17,788$17,297$16,192
4 years$14,386$13,838$13,315$12,815$12,337$11,272
5 years$11,393$10,849$10,333$9,843$9,378$8,357
6 years$9,399$8,859$8,351$7,872$7,421$6,444
7 years$7,975$7,440$6,939$6,472$6,035$5,103
8 years$6,908$6,377$5,885$5,429$5,007$4,119
9 years$6,078$5,553$5,069$4,624$4,216$3,372
10 years$5,415$4,894$4,419$3,986$3,592$2,791
11 years$4,872$4,357$3,891$3,469$3,090$2,330
12 years$4,421$3,911$3,453$3,043$2,677$1,959
13 years$4,039$3,534$3,085$2,686$2,335$1,656
14 years$3,712$3,213$2,772$2,385$2,047$1,407
15 years$3,429$2,935$2,503$2,127$1,802$1,199
16 years$3,181$2,693$2,269$1,904$1,593$1,025
17 years$2,963$2,480$2,065$1,711$1,412$879
18 years$2,769$2,291$1,885$1,542$1,256$756
19 years$2,596$2,124$1,725$1,393$1,119$650
20 years$2,440$1,973$1,583$1,262$1,000$561
21 years$2,300$1,838$1,456$1,145$895$484
22 years$2,172$1,716$1,342$1,041$802$419
23 years$2,056$1,605$1,239$948$720$362
24 years$1,949$1,504$1,146$865$647$314
25 years$1,851$1,411$1,062$790$582$272
26 years$1,761$1,326$985$722$524$236
27 years$1,678$1,248$914$661$473$205
28 years$1,600$1,176$850$606$427$178
29 years$1,528$1,109$791$555$385$155
30 years$1,462$1,048$737$510$348$134
31 years$1,399$990$687$468$315$117
32 years$1,341$937$641$430$285$102
33 years$1,286$888$598$396$258$88
34 years$1,234$841$559$364$233$77
35 years$1,186$798$523$335$211$67
36 years$1,140$757$489$309$191$58
37 years$1,097$719$458$284$173$51
38 years$1,057$684$429$262$157$44
39 years$1,018$650$402$242$143$38
40 years$982$618$376$223$129$33
41 years$947$589$353$206$117$29
42 years$914$561$331$190$106$25
43 years$883$534$311$175$97$22
44 years$853$509$292$162$88$19
45 years$825$486$274$149$80$17
46 years$798$463$257$138$72$15
47 years$772$442$242$128$66$13
48 years$747$422$227$118$60$11
49 years$724$403$213$109$54$10
50 years$701$385$201$101$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $718,000, adding $2,074 every year, while hoping to spend $50,066 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: 76/10/14 Blend
74$718,000$718,000$718,000$718,000
75$793,375$755,321$744,192$851,192
76$821,030$739,062$715,853$873,374
77$849,827$720,328$684,886$891,192
78$879,831$698,946$651,151$909,348
79$911,109$674,730$614,501$927,856
80$943,737$647,486$574,781$946,738
81$977,793$617,008$531,831$966,014
82$1,013,363$583,076$485,482$985,710
83$1,050,540$545,461$435,560$1,005,853
84$1,089,424$503,918$381,880$1,026,477
85$1,130,124$458,188$324,252$1,047,616
86$1,172,757$408,000$262,475$1,069,311
87$1,217,450$353,064$196,340$1,091,611
88$1,264,342$293,076$125,629$1,114,565
89$1,313,582$227,715$50,115$1,138,234
90$1,365,334$156,639$0$1,162,685
91$1,419,774$79,490$0$1,192,543
92$1,477,094$0$0$1,231,627
93$1,537,506$0$0$1,273,028
94$1,601,236$0$0$1,325,941
95$1,668,534$0$0$1,381,828
96$1,739,672$0$0$1,440,916
97$1,814,946$0$0$1,503,453
98$1,894,679$0$0$1,569,708
99$1,979,226$0$0$1,639,978
100$2,068,971$0$0$1,714,585