Can I retire at age 75 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$64,990$64,411$63,846$63,295$62,756$61,819
2 years$32,173$31,574$30,993$30,430$29,884$28,941
3 years$21,236$20,634$20,055$19,497$18,960$18,041
4 years$15,768$15,168$14,595$14,046$13,522$12,635
5 years$12,488$11,892$11,326$10,789$10,279$9,427
6 years$10,303$9,711$9,153$8,628$8,134$7,316
7 years$8,742$8,155$7,606$7,094$6,615$5,833
8 years$7,572$6,990$6,451$5,951$5,488$4,741
9 years$6,662$6,086$5,556$5,069$4,621$3,909
10 years$5,935$5,365$4,844$4,369$3,938$3,260
11 years$5,341$4,776$4,264$3,803$3,387$2,742
12 years$4,846$4,287$3,785$3,335$2,935$2,323
13 years$4,427$3,874$3,381$2,945$2,559$1,980
14 years$4,068$3,521$3,038$2,614$2,243$1,695
15 years$3,758$3,217$2,743$2,331$1,975$1,457
16 years$3,487$2,951$2,487$2,087$1,746$1,256
17 years$3,248$2,718$2,263$1,875$1,548$1,086
18 years$3,035$2,512$2,066$1,690$1,376$942
19 years$2,845$2,328$1,891$1,527$1,227$818
20 years$2,675$2,163$1,736$1,383$1,096$712
21 years$2,521$2,015$1,596$1,255$981$620
22 years$2,381$1,881$1,471$1,141$879$541
23 years$2,253$1,759$1,359$1,039$789$473
24 years$2,136$1,648$1,256$948$709$413
25 years$2,029$1,547$1,164$866$638$362
26 years$1,930$1,454$1,079$792$575$317
27 years$1,839$1,368$1,002$725$518$278
28 years$1,754$1,289$932$664$468$243
29 years$1,675$1,216$867$609$422$214
30 years$1,602$1,148$808$559$382$187
31 years$1,534$1,086$753$513$345$165
32 years$1,469$1,027$702$472$312$145
33 years$1,409$973$656$434$282$127
34 years$1,353$922$613$399$256$112
35 years$1,300$875$573$367$232$98
36 years$1,250$830$536$338$210$86
37 years$1,203$788$502$312$190$76
38 years$1,158$749$470$287$172$67
39 years$1,116$712$440$265$156$59
40 years$1,076$678$413$244$142$52
41 years$1,038$645$387$225$129$45
42 years$1,002$614$363$208$117$40
43 years$968$585$340$192$106$35
44 years$935$558$320$177$96$31
45 years$904$532$300$164$87$27
46 years$874$508$282$151$79$24
47 years$846$484$265$140$72$21
48 years$819$463$249$129$65$19
49 years$793$442$234$119$59$16
50 years$768$422$220$110$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $787,000, adding $6,025 every year, while hoping to spend $22,516 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: 73/7/20 Blend
74$787,000$787,000$787,000$787,000
75$873,489$831,778$819,579$932,646
76$938,628$848,578$823,078$989,556
77$1,009,656$865,447$825,940$1,048,590
78$1,087,151$882,364$828,119$1,112,690
79$1,171,748$899,307$829,568$1,182,356
80$1,264,145$916,252$830,238$1,258,139
81$1,365,113$933,173$830,075$1,340,644
82$1,475,498$950,042$829,026$1,430,541
83$1,596,233$966,828$827,033$1,528,565
84$1,728,345$983,500$824,035$1,635,528
85$1,872,966$1,000,021$819,970$1,752,325
86$2,031,341$1,016,354$814,771$1,879,940
87$2,204,840$1,032,458$808,369$2,019,460
88$2,394,976$1,048,290$800,691$2,172,081
89$2,603,410$1,063,803$791,661$2,339,123
90$2,831,975$1,078,947$781,199$2,522,040
91$3,082,689$1,093,667$769,221$2,722,433
92$3,357,774$1,107,908$755,641$2,942,068
93$3,659,678$1,121,606$740,366$3,182,891
94$3,991,098$1,134,698$723,301$3,447,047
95$4,355,003$1,147,111$704,345$3,736,900
96$4,754,667$1,158,773$683,394$4,055,054
97$5,193,693$1,169,603$660,338$4,404,381
98$5,676,053$1,179,517$635,062$4,788,046
99$6,206,120$1,188,423$607,447$5,209,536
100$6,788,714$1,196,225$577,366$5,672,695