Can I retire at age 75 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$61,439$60,892$60,358$59,836$59,328$57,683
2 years$30,415$29,849$29,300$28,768$28,251$26,607
3 years$20,075$19,507$18,959$18,432$17,924$16,330
4 years$14,907$14,339$13,797$13,279$12,783$11,254
5 years$11,806$11,242$10,707$10,200$9,718$8,256
6 years$9,740$9,180$8,653$8,157$7,689$6,297
7 years$8,264$7,709$7,191$6,706$6,253$4,930
8 years$7,158$6,608$6,098$5,626$5,188$3,933
9 years$6,298$5,754$5,252$4,792$4,369$3,182
10 years$5,611$5,072$4,579$4,130$3,723$2,601
11 years$5,049$4,515$4,031$3,595$3,202$2,144
12 years$4,581$4,052$3,578$3,153$2,774$1,779
13 years$4,185$3,662$3,197$2,784$2,419$1,484
14 years$3,846$3,329$2,872$2,471$2,121$1,243
15 years$3,553$3,041$2,593$2,204$1,867$1,045
16 years$3,296$2,790$2,351$1,973$1,650$881
17 years$3,070$2,570$2,139$1,773$1,463$745
18 years$2,869$2,374$1,953$1,598$1,301$631
19 years$2,690$2,201$1,788$1,444$1,160$535
20 years$2,529$2,045$1,641$1,308$1,036$454
21 years$2,383$1,905$1,509$1,187$927$386
22 years$2,251$1,778$1,391$1,079$831$329
23 years$2,130$1,663$1,284$983$746$280
24 years$2,020$1,558$1,188$896$670$239
25 years$1,918$1,462$1,100$818$603$204
26 years$1,825$1,374$1,020$748$543$174
27 years$1,738$1,293$947$685$490$149
28 years$1,658$1,219$881$628$442$127
29 years$1,584$1,150$820$576$399$108
30 years$1,514$1,086$763$528$361$93
31 years$1,450$1,026$712$485$326$79
32 years$1,389$971$664$446$295$68
33 years$1,332$920$620$410$267$58
34 years$1,279$872$579$377$242$50
35 years$1,229$827$542$347$219$42
36 years$1,182$785$507$320$198$36
37 years$1,137$745$474$295$180$31
38 years$1,095$708$444$272$163$27
39 years$1,055$674$416$250$148$23
40 years$1,017$641$390$231$134$19
41 years$981$610$366$213$122$17
42 years$947$581$343$197$110$14
43 years$915$553$322$182$100$12
44 years$884$528$302$168$91$10
45 years$855$503$284$155$83$9
46 years$827$480$266$143$75$8
47 years$800$458$250$132$68$7
48 years$774$437$235$122$62$6
49 years$750$418$221$113$56$5
50 years$726$399$208$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $744,000, adding $2,562 every year, while hoping to spend $33,637 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: 66/21/13 Blend
74$744,000$744,000$744,000$744,000
75$822,531$783,099$771,567$874,199
76$870,639$785,681$761,625$911,573
77$922,528$787,263$750,222$948,221
78$978,546$787,759$737,275$987,429
79$1,039,078$787,080$722,694$1,029,445
80$1,104,548$785,130$706,388$1,074,543
81$1,175,419$781,808$688,259$1,123,027
82$1,252,202$777,008$668,207$1,175,229
83$1,335,459$770,614$646,124$1,231,520
84$1,425,808$762,506$621,901$1,292,306
85$1,523,928$752,556$595,422$1,358,040
86$1,630,565$740,628$566,566$1,429,217
87$1,746,542$726,578$535,205$1,506,387
88$1,872,763$710,254$501,208$1,590,156
89$2,010,223$691,495$464,437$1,681,195
90$2,160,017$670,129$424,747$1,780,242
91$2,323,350$645,976$381,986$1,888,114
92$2,501,547$618,844$335,998$2,005,711
93$2,696,068$588,531$286,618$2,134,030
94$2,908,521$554,823$233,673$2,274,169
95$3,140,673$517,493$176,985$2,427,340
96$3,394,473$476,301$116,365$2,594,881
97$3,672,064$430,995$51,618$2,778,271
98$3,975,807$381,306$0$2,979,140
99$4,308,302$326,952$0$3,201,712
100$4,672,410$267,634$0$3,453,347