Can I retire at age 75 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$61,687$61,137$60,601$60,078$59,567$59,092
2 years$30,538$29,969$29,418$28,884$28,365$27,887
3 years$20,156$19,585$19,035$18,506$17,996$17,529
4 years$14,967$14,397$13,853$13,333$12,835$12,382
5 years$11,854$11,288$10,750$10,241$9,757$9,320
6 years$9,779$9,217$8,688$8,190$7,720$7,300
7 years$8,298$7,741$7,220$6,733$6,279$5,875
8 years$7,187$6,635$6,123$5,648$5,209$4,822
9 years$6,324$5,777$5,274$4,811$4,387$4,016
10 years$5,634$5,092$4,598$4,147$3,738$3,384
11 years$5,069$4,533$4,048$3,609$3,214$2,877
12 years$4,599$4,069$3,592$3,166$2,786$2,464
13 years$4,202$3,677$3,209$2,795$2,429$2,122
14 years$3,862$3,342$2,884$2,481$2,129$1,838
15 years$3,567$3,053$2,604$2,213$1,875$1,598
16 years$3,309$2,801$2,361$1,981$1,657$1,394
17 years$3,082$2,580$2,148$1,780$1,469$1,220
18 years$2,881$2,384$1,961$1,604$1,306$1,071
19 years$2,701$2,209$1,795$1,450$1,164$942
20 years$2,539$2,053$1,647$1,313$1,040$830
21 years$2,392$1,912$1,515$1,191$931$732
22 years$2,260$1,785$1,397$1,083$834$647
23 years$2,139$1,670$1,289$987$749$573
24 years$2,028$1,564$1,193$900$673$507
25 years$1,926$1,468$1,105$822$606$450
26 years$1,832$1,380$1,024$751$546$399
27 years$1,745$1,298$951$688$492$355
28 years$1,665$1,224$884$630$444$315
29 years$1,590$1,154$823$578$401$281
30 years$1,521$1,090$767$530$362$250
31 years$1,456$1,030$715$487$327$222
32 years$1,395$975$667$448$296$198
33 years$1,338$923$623$412$268$176
34 years$1,284$875$582$379$243$157
35 years$1,234$830$544$349$220$140
36 years$1,186$788$509$321$199$125
37 years$1,142$748$476$296$180$111
38 years$1,099$711$446$273$164$99
39 years$1,059$676$418$251$148$89
40 years$1,021$643$392$232$135$79
41 years$985$612$367$214$122$71
42 years$951$583$344$197$111$63
43 years$919$556$323$182$101$56
44 years$888$530$303$168$91$50
45 years$858$505$285$155$83$45
46 years$830$482$268$144$75$40
47 years$803$460$251$133$68$36
48 years$777$439$236$123$62$32
49 years$753$419$222$113$56$29
50 years$729$400$209$105$51$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $747,000, adding $6,190 every year, while hoping to spend $29,103 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: 53/25/22 Blend
74$747,000$747,000$747,000$747,000
75$829,579$789,988$778,409$868,215
76$883,231$797,732$773,521$903,222
77$941,379$804,880$767,493$937,760
78$1,004,453$811,372$760,257$974,731
79$1,072,923$817,145$751,741$1,014,375
80$1,147,306$822,130$741,869$1,056,960
81$1,228,171$826,255$730,562$1,102,783
82$1,316,146$829,442$717,737$1,152,170
83$1,411,920$831,612$703,308$1,205,482
84$1,516,250$832,675$687,184$1,263,119
85$1,629,972$832,541$669,269$1,325,523
86$1,754,005$831,111$649,465$1,393,183
87$1,889,358$828,280$627,667$1,466,637
88$2,037,146$823,939$603,767$1,546,482
89$2,198,592$817,970$577,651$1,633,377
90$2,375,047$810,248$549,200$1,728,051
91$2,567,994$800,643$518,290$1,831,308
92$2,779,068$789,013$484,792$1,944,036
93$3,010,070$775,212$448,570$2,067,218
94$3,262,982$759,082$409,481$2,201,937
95$3,539,986$740,457$367,379$2,349,393
96$3,843,486$719,160$322,107$2,510,906
97$4,176,129$695,007$273,506$2,687,938
98$4,540,831$667,799$221,405$2,882,103
99$4,940,803$637,328$165,629$3,095,180
100$5,379,581$603,374$105,994$3,329,136