Can I retire at age 75 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$65,237$64,656$64,089$63,536$62,996$62,390
2 years$32,296$31,694$31,111$30,546$29,998$29,388
3 years$21,317$20,713$20,131$19,571$19,032$18,436
4 years$15,828$15,226$14,650$14,100$13,574$12,997
5 years$12,536$11,937$11,369$10,830$10,319$9,762
6 years$10,342$9,748$9,188$8,661$8,165$7,630
7 years$8,775$8,186$7,635$7,121$6,640$6,127
8 years$7,601$7,017$6,475$5,973$5,509$5,017
9 years$6,688$6,110$5,577$5,088$4,639$4,169
10 years$5,958$5,385$4,862$4,386$3,953$3,504
11 years$5,361$4,794$4,281$3,817$3,399$2,972
12 years$4,864$4,303$3,799$3,348$2,946$2,538
13 years$4,444$3,889$3,394$2,956$2,569$2,181
14 years$4,084$3,535$3,050$2,624$2,252$1,884
15 years$3,772$3,229$2,753$2,340$1,983$1,634
16 years$3,500$2,963$2,496$2,095$1,752$1,422
17 years$3,260$2,728$2,272$1,883$1,554$1,241
18 years$3,047$2,521$2,074$1,697$1,382$1,086
19 years$2,856$2,337$1,898$1,533$1,231$952
20 years$2,685$2,171$1,742$1,388$1,100$836
21 years$2,530$2,022$1,603$1,260$984$736
22 years$2,390$1,888$1,477$1,146$882$648
23 years$2,262$1,766$1,364$1,043$792$572
24 years$2,144$1,654$1,261$952$712$505
25 years$2,037$1,553$1,168$869$641$447
26 years$1,938$1,459$1,083$795$577$395
27 years$1,846$1,373$1,006$727$520$350
28 years$1,761$1,294$935$666$469$310
29 years$1,682$1,221$870$611$424$275
30 years$1,608$1,153$811$561$383$244
31 years$1,539$1,090$756$515$346$216
32 years$1,475$1,031$705$473$313$192
33 years$1,415$977$658$435$283$171
34 years$1,358$926$615$401$257$152
35 years$1,305$878$575$369$232$135
36 years$1,255$833$538$340$211$120
37 years$1,207$791$504$313$191$106
38 years$1,163$752$472$288$173$95
39 years$1,120$715$442$266$157$84
40 years$1,080$680$414$245$142$75
41 years$1,042$648$388$226$129$67
42 years$1,006$617$364$209$117$59
43 years$971$588$342$193$106$53
44 years$939$560$321$178$97$47
45 years$907$534$301$164$88$42
46 years$878$510$283$152$80$37
47 years$849$486$266$140$72$33
48 years$822$464$250$130$66$29
49 years$796$443$235$120$60$26
50 years$771$424$221$111$54$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $790,000, adding $4,487 every year, while hoping to spend $33,534 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: 62/18/20 Blend
74$790,000$790,000$790,000$790,000
75$875,208$833,338$821,093$924,684
76$928,800$838,492$812,920$963,758
77$986,733$842,774$803,349$1,002,259
78$1,049,417$846,107$792,298$1,043,524
79$1,117,299$848,407$779,681$1,087,824
80$1,190,871$849,587$765,408$1,135,461
81$1,270,674$849,552$749,384$1,186,767
82$1,357,306$848,202$731,511$1,242,112
83$1,451,420$845,433$711,686$1,301,900
84$1,553,737$841,132$689,800$1,366,581
85$1,665,051$835,179$665,740$1,436,651
86$1,786,232$827,449$639,389$1,512,658
87$1,918,242$817,808$610,622$1,595,206
88$2,062,135$806,114$579,310$1,684,964
89$2,219,075$792,215$545,320$1,782,670
90$2,390,341$775,954$508,508$1,889,139
91$2,577,340$757,161$468,728$2,005,270
92$2,781,625$735,657$425,826$2,132,058
93$3,004,900$711,254$379,640$2,270,599
94$3,249,045$683,750$330,003$2,422,106
95$3,516,128$652,935$276,740$2,587,914
96$3,808,428$618,584$219,665$2,769,502
97$4,128,453$580,460$158,589$2,968,497
98$4,478,965$538,311$93,311$3,186,699
99$4,863,005$491,874$23,623$3,426,093
100$5,283,923$440,868$0$3,688,870