Can I retire at age 75 with 824,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$68,045$67,439$66,848$66,271$65,707$65,265
2 years$33,686$33,058$32,450$31,861$31,289$30,844
3 years$22,234$21,604$20,998$20,414$19,851$19,416
4 years$16,509$15,881$15,281$14,707$14,158$13,736
5 years$13,075$12,451$11,859$11,296$10,763$10,355
6 years$10,787$10,167$9,583$9,034$8,516$8,124
7 years$9,153$8,538$7,964$7,427$6,926$6,549
8 years$7,928$7,319$6,754$6,230$5,746$5,384
9 years$6,976$6,373$5,817$5,307$4,839$4,493
10 years$6,214$5,617$5,072$4,575$4,123$3,792
11 years$5,592$5,001$4,465$3,981$3,546$3,229
12 years$5,073$4,488$3,963$3,492$3,073$2,771
13 years$4,635$4,056$3,540$3,083$2,679$2,392
14 years$4,260$3,687$3,181$2,737$2,349$2,075
15 years$3,935$3,368$2,872$2,441$2,068$1,808
16 years$3,651$3,090$2,604$2,185$1,828$1,581
17 years$3,400$2,846$2,369$1,964$1,621$1,386
18 years$3,178$2,630$2,163$1,770$1,441$1,219
19 years$2,979$2,437$1,980$1,599$1,284$1,074
20 years$2,801$2,265$1,817$1,448$1,147$949
21 years$2,639$2,110$1,671$1,314$1,027$839
22 years$2,493$1,969$1,541$1,195$920$743
23 years$2,359$1,842$1,422$1,088$826$659
24 years$2,237$1,726$1,315$993$742$586
25 years$2,124$1,619$1,218$906$668$520
26 years$2,021$1,522$1,130$829$602$463
27 years$1,925$1,432$1,049$759$543$412
28 years$1,837$1,350$975$695$490$367
29 years$1,754$1,273$908$637$442$328
30 years$1,677$1,202$846$585$399$292
31 years$1,606$1,137$788$537$361$261
32 years$1,539$1,076$735$494$327$233
33 years$1,476$1,019$687$454$296$208
34 years$1,417$965$642$418$268$186
35 years$1,361$916$600$385$242$166
36 years$1,309$869$561$354$220$148
37 years$1,259$825$525$326$199$133
38 years$1,213$784$492$301$180$119
39 years$1,168$746$461$277$164$106
40 years$1,127$710$432$256$148$95
41 years$1,087$676$405$236$135$85
42 years$1,049$643$380$218$122$76
43 years$1,013$613$357$201$111$68
44 years$979$584$335$186$101$61
45 years$946$557$314$171$91$55
46 years$915$532$295$158$83$49
47 years$886$507$277$146$75$44
48 years$857$484$261$135$68$39
49 years$830$462$245$125$62$35
50 years$805$442$230$116$56$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $824,000, adding $3,669 every year, while hoping to spend $30,113 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: 44/26/30 Blend
74$824,000$824,000$824,000$824,000
75$911,833$868,161$855,389$943,869
76$972,799$878,660$852,004$977,669
77$1,038,976$888,666$847,497$1,011,156
78$1,110,861$898,120$841,798$1,046,894
79$1,189,005$906,964$834,834$1,085,110
80$1,274,011$915,133$826,529$1,126,056
81$1,366,546$922,560$816,803$1,170,012
82$1,467,341$929,173$805,573$1,217,286
83$1,577,201$934,893$792,751$1,268,222
84$1,697,013$939,641$778,246$1,323,199
85$1,827,752$943,327$761,961$1,382,636
86$1,970,493$945,860$743,797$1,446,997
87$2,126,416$947,140$723,647$1,516,796
88$2,296,825$947,064$701,403$1,592,602
89$2,483,150$945,520$676,950$1,675,044
90$2,686,971$942,389$650,167$1,764,817
91$2,910,023$937,548$620,929$1,862,690
92$3,154,219$930,861$589,104$1,969,514
93$3,421,666$922,190$554,555$2,086,229
94$3,714,682$911,384$517,139$2,213,874
95$4,035,822$898,284$476,706$2,353,599
96$4,387,900$882,723$433,098$2,506,672
97$4,774,012$864,523$386,154$2,674,498
98$5,197,572$843,495$335,701$2,858,627
99$5,662,338$819,441$281,561$3,060,771
100$6,172,451$792,148$223,547$3,282,823