Can I retire at age 75 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$68,458$67,848$67,253$66,673$66,106$65,799
2 years$33,890$33,259$32,647$32,054$31,479$31,170
3 years$22,369$21,735$21,125$20,537$19,971$19,669
4 years$16,610$15,978$15,374$14,796$14,244$13,950
5 years$13,155$12,527$11,930$11,365$10,828$10,544
6 years$10,852$10,229$9,642$9,089$8,568$8,295
7 years$9,208$8,590$8,012$7,472$6,968$6,705
8 years$7,976$7,363$6,795$6,268$5,781$5,528
9 years$7,018$6,411$5,853$5,339$4,868$4,626
10 years$6,252$5,651$5,102$4,602$4,148$3,916
11 years$5,626$5,031$4,492$4,005$3,567$3,346
12 years$5,104$4,515$3,987$3,513$3,091$2,879
13 years$4,663$4,081$3,562$3,102$2,696$2,494
14 years$4,286$3,709$3,200$2,753$2,363$2,170
15 years$3,959$3,388$2,889$2,456$2,081$1,897
16 years$3,673$3,109$2,620$2,199$1,839$1,664
17 years$3,421$2,863$2,384$1,975$1,630$1,465
18 years$3,197$2,646$2,176$1,780$1,450$1,293
19 years$2,997$2,452$1,992$1,609$1,292$1,143
20 years$2,818$2,278$1,828$1,457$1,154$1,013
21 years$2,655$2,122$1,682$1,322$1,033$899
22 years$2,508$1,981$1,550$1,202$926$800
23 years$2,373$1,853$1,431$1,095$831$712
24 years$2,250$1,736$1,323$999$747$635
25 years$2,137$1,629$1,226$912$672$566
26 years$2,033$1,531$1,137$834$605$506
27 years$1,937$1,441$1,056$763$546$452
28 years$1,848$1,358$981$699$493$405
29 years$1,765$1,281$913$641$445$362
30 years$1,687$1,210$851$589$402$324
31 years$1,615$1,144$793$541$363$291
32 years$1,548$1,082$740$497$329$261
33 years$1,485$1,025$691$457$297$234
34 years$1,425$971$646$420$269$210
35 years$1,369$921$604$387$244$188
36 years$1,317$874$565$356$221$169
37 years$1,267$830$528$328$200$152
38 years$1,220$789$495$303$182$136
39 years$1,176$750$464$279$165$122
40 years$1,133$714$435$257$149$110
41 years$1,093$680$407$237$136$99
42 years$1,055$647$382$219$123$89
43 years$1,019$617$359$202$112$80
44 years$985$588$337$187$101$72
45 years$952$561$316$173$92$65
46 years$921$535$297$159$83$58
47 years$891$510$279$147$76$52
48 years$863$487$262$136$69$47
49 years$835$465$246$126$63$42
50 years$809$444$232$116$57$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $829,000, adding $2,036 every year, while hoping to spend $28,272 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: 66/17/17 Blend
74$829,000$829,000$829,000$829,000
75$915,658$871,721$858,872$972,159
76$978,974$884,354$857,563$1,022,851
77$1,047,801$896,659$855,262$1,074,777
78$1,122,670$908,589$851,907$1,130,849
79$1,204,168$920,096$847,432$1,191,471
80$1,292,939$931,126$841,767$1,257,092
81$1,389,692$941,624$834,839$1,328,205
82$1,495,207$951,530$826,572$1,405,352
83$1,610,343$960,780$816,888$1,489,134
84$1,736,046$969,306$805,701$1,580,211
85$1,873,356$977,036$792,926$1,679,312
86$2,023,419$983,891$778,469$1,787,241
87$2,187,497$989,791$762,237$1,904,882
88$2,366,977$994,646$744,128$2,033,215
89$2,563,390$998,365$724,037$2,173,315
90$2,778,419$1,000,848$701,855$2,326,371
91$3,013,918$1,001,990$677,468$2,493,692
92$3,271,929$1,001,679$650,754$2,676,722
93$3,554,700$999,796$621,589$2,877,054
94$3,864,709$996,215$589,842$3,096,444
95$4,204,683$990,804$555,376$3,336,828
96$4,577,627$983,419$518,046$3,600,341
97$4,986,848$973,910$477,704$3,889,335
98$5,435,993$962,117$434,194$4,206,407
99$5,929,076$947,873$387,351$4,554,419
100$6,470,519$930,996$337,005$4,936,523