Can I retire at age 75 with 788,000?

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 $788,000?

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$65,072$64,493$63,927$63,375$62,836$62,466
2 years$32,214$31,614$31,033$30,469$29,922$29,549
3 years$21,263$20,660$20,080$19,522$18,984$18,619
4 years$15,788$15,187$14,613$14,064$13,539$13,186
5 years$12,504$11,907$11,340$10,803$10,292$9,951
6 years$10,316$9,723$9,165$8,639$8,144$7,815
7 years$8,753$8,165$7,616$7,103$6,623$6,307
8 years$7,582$6,999$6,459$5,958$5,495$5,191
9 years$6,671$6,094$5,563$5,075$4,627$4,336
10 years$5,943$5,372$4,850$4,375$3,943$3,664
11 years$5,348$4,782$4,270$3,807$3,391$3,125
12 years$4,852$4,292$3,789$3,340$2,938$2,684
13 years$4,433$3,879$3,386$2,948$2,562$2,320
14 years$4,074$3,526$3,042$2,617$2,246$2,016
15 years$3,763$3,221$2,746$2,334$1,978$1,758
16 years$3,491$2,955$2,490$2,090$1,748$1,540
17 years$3,252$2,721$2,266$1,878$1,550$1,352
18 years$3,039$2,515$2,068$1,692$1,378$1,191
19 years$2,849$2,331$1,894$1,529$1,228$1,051
20 years$2,678$2,166$1,738$1,385$1,097$929
21 years$2,524$2,017$1,598$1,257$982$823
22 years$2,384$1,883$1,473$1,143$880$730
23 years$2,256$1,761$1,360$1,041$790$649
24 years$2,139$1,650$1,258$949$710$577
25 years$2,032$1,549$1,165$867$639$514
26 years$1,933$1,455$1,081$793$576$458
27 years$1,841$1,370$1,003$726$519$408
28 years$1,756$1,291$933$665$468$364
29 years$1,677$1,218$868$610$423$325
30 years$1,604$1,150$809$559$382$291
31 years$1,535$1,087$754$514$345$260
32 years$1,471$1,029$703$472$312$232
33 years$1,411$974$657$434$283$208
34 years$1,355$923$614$400$256$186
35 years$1,302$876$574$368$232$167
36 years$1,252$831$537$339$210$149
37 years$1,204$789$502$312$190$134
38 years$1,160$750$470$288$173$120
39 years$1,117$713$441$265$157$107
40 years$1,077$679$413$245$142$96
41 years$1,039$646$387$226$129$86
42 years$1,003$615$363$208$117$77
43 years$969$586$341$192$106$69
44 years$936$559$320$178$96$62
45 years$905$533$300$164$87$56
46 years$875$508$282$151$79$50
47 years$847$485$265$140$72$45
48 years$820$463$249$129$65$40
49 years$794$442$234$119$59$36
50 years$769$422$220$110$54$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $788,000, adding $2,151 every year, while hoping to spend $36,447 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: 67/14/19 Blend
74$788,000$788,000$788,000$788,000
75$870,595$828,831$816,617$924,691
76$920,616$830,664$805,194$962,994
77$974,518$831,366$792,167$1,000,437
78$1,032,658$830,842$777,444$1,040,498
79$1,095,429$828,992$760,928$1,083,436
80$1,163,261$825,712$742,517$1,129,531
81$1,236,629$820,888$722,108$1,179,099
82$1,316,055$814,400$699,588$1,232,483
83$1,402,111$806,124$674,842$1,290,067
84$1,495,426$795,924$647,749$1,352,271
85$1,596,694$783,659$618,184$1,419,563
86$1,706,677$769,179$586,013$1,492,455
87$1,826,212$752,322$551,098$1,571,517
88$1,956,222$732,922$513,296$1,657,376
89$2,097,720$710,799$472,455$1,750,726
90$2,251,823$685,764$428,418$1,852,331
91$2,419,759$657,616$381,019$1,963,037
92$2,602,879$626,144$330,088$2,083,778
93$2,802,670$591,123$275,444$2,215,583
94$3,020,771$552,316$216,900$2,359,589
95$3,258,984$509,474$154,260$2,517,053
96$3,519,292$462,330$87,320$2,689,360
97$3,803,880$410,604$15,865$2,878,040
98$4,115,153$354,001$0$3,084,783
99$4,455,759$292,208$0$3,323,694
100$4,828,615$224,894$0$3,588,816