Can I retire at age 75 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$64,659$64,083$63,522$62,973$62,438$62,070
2 years$32,010$31,413$30,836$30,276$29,732$29,361
3 years$21,128$20,529$19,953$19,398$18,863$18,501
4 years$15,688$15,091$14,520$13,975$13,453$13,102
5 years$12,425$11,832$11,268$10,734$10,227$9,888
6 years$10,250$9,661$9,107$8,584$8,092$7,765
7 years$8,697$8,114$7,568$7,058$6,581$6,267
8 years$7,533$6,955$6,418$5,920$5,460$5,158
9 years$6,629$6,055$5,528$5,043$4,598$4,309
10 years$5,905$5,338$4,819$4,347$3,918$3,641
11 years$5,314$4,752$4,243$3,783$3,369$3,105
12 years$4,821$4,265$3,765$3,318$2,920$2,667
13 years$4,404$3,854$3,364$2,930$2,546$2,305
14 years$4,048$3,503$3,023$2,601$2,232$2,003
15 years$3,739$3,200$2,729$2,319$1,965$1,747
16 years$3,469$2,936$2,474$2,077$1,737$1,530
17 years$3,231$2,704$2,252$1,866$1,540$1,343
18 years$3,020$2,499$2,055$1,682$1,369$1,183
19 years$2,831$2,316$1,882$1,519$1,220$1,044
20 years$2,661$2,152$1,727$1,376$1,090$923
21 years$2,508$2,005$1,588$1,249$976$818
22 years$2,369$1,871$1,464$1,136$874$726
23 years$2,242$1,750$1,352$1,034$785$645
24 years$2,125$1,640$1,250$943$706$573
25 years$2,019$1,539$1,158$861$635$510
26 years$1,920$1,446$1,074$788$572$455
27 years$1,829$1,361$997$721$516$406
28 years$1,745$1,283$927$661$465$362
29 years$1,667$1,210$863$606$420$323
30 years$1,594$1,143$803$556$380$289
31 years$1,526$1,080$749$511$343$258
32 years$1,462$1,022$699$469$310$231
33 years$1,402$968$653$431$281$207
34 years$1,346$917$610$397$254$185
35 years$1,293$870$570$365$230$166
36 years$1,244$826$533$337$209$148
37 years$1,197$784$499$310$189$133
38 years$1,152$745$467$286$172$119
39 years$1,110$709$438$264$156$107
40 years$1,070$674$410$243$141$96
41 years$1,033$642$385$224$128$86
42 years$997$611$361$207$116$77
43 years$963$583$339$191$105$69
44 years$930$555$318$176$96$62
45 years$899$529$299$163$87$55
46 years$870$505$280$150$79$50
47 years$842$482$263$139$72$45
48 years$815$460$248$128$65$40
49 years$789$439$233$119$59$36
50 years$764$420$219$110$54$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $783,000, adding $4,665 every year, while hoping to spend $41,090 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: 29/48/23 Blend
74$783,000$783,000$783,000$783,000
75$867,678$826,179$814,042$886,500
76$912,462$822,942$797,593$898,223
77$960,436$818,170$779,216$906,867
78$1,011,883$811,743$758,803$915,306
79$1,067,113$803,536$736,240$923,550
80$1,126,465$793,415$711,410$931,611
81$1,190,311$781,240$684,190$939,509
82$1,259,062$766,859$654,449$947,268
83$1,333,166$750,116$622,053$954,920
84$1,413,118$730,840$586,861$962,504
85$1,499,460$708,855$548,725$970,069
86$1,592,789$683,973$507,490$977,675
87$1,693,759$655,993$462,997$985,393
88$1,803,091$624,705$415,076$993,306
89$1,921,576$589,886$363,551$1,001,513
90$2,050,086$551,300$308,239$1,010,131
91$2,189,578$508,697$248,949$1,019,294
92$2,341,106$461,813$185,479$1,029,158
93$2,505,827$410,371$117,621$1,039,905
94$2,685,016$354,074$45,156$1,051,741
95$2,880,077$292,612$0$1,064,903
96$3,092,550$225,656$0$1,087,558
97$3,324,135$152,858$0$1,124,460
98$3,576,701$73,852$0$1,164,927
99$3,852,303$0$0$1,209,419
100$4,153,207$0$0$1,264,662