Can I retire at age 75 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$69,366$68,749$68,146$67,557$66,983$65,873
2 years$34,340$33,700$33,080$32,479$31,897$30,782
3 years$22,666$22,023$21,405$20,810$20,236$19,151
4 years$16,830$16,190$15,578$14,992$14,433$13,386
5 years$13,329$12,693$12,089$11,516$10,972$9,966
6 years$10,996$10,365$9,770$9,209$8,681$7,718
7 years$9,331$8,704$8,119$7,571$7,060$6,139
8 years$8,082$7,461$6,885$6,351$5,857$4,978
9 years$7,111$6,496$5,930$5,410$4,933$4,095
10 years$6,335$5,726$5,170$4,663$4,203$3,407
11 years$5,700$5,098$4,552$4,059$3,615$2,859
12 years$5,172$4,575$4,039$3,560$3,132$2,416
13 years$4,725$4,135$3,609$3,143$2,731$2,053
14 years$4,342$3,758$3,243$2,790$2,394$1,753
15 years$4,011$3,433$2,928$2,488$2,108$1,502
16 years$3,722$3,150$2,654$2,228$1,863$1,292
17 years$3,466$2,901$2,415$2,002$1,652$1,114
18 years$3,240$2,681$2,205$1,804$1,469$963
19 years$3,037$2,484$2,019$1,630$1,309$834
20 years$2,855$2,309$1,853$1,476$1,169$724
21 years$2,690$2,150$1,704$1,340$1,047$629
22 years$2,541$2,007$1,570$1,218$938$547
23 years$2,405$1,877$1,450$1,109$842$476
24 years$2,280$1,759$1,341$1,012$757$415
25 years$2,166$1,651$1,242$924$681$362
26 years$2,060$1,551$1,152$845$613$316
27 years$1,963$1,460$1,070$773$553$276
28 years$1,872$1,376$994$709$499$241
29 years$1,788$1,298$925$650$451$211
30 years$1,710$1,226$862$596$407$185
31 years$1,637$1,159$804$548$368$162
32 years$1,568$1,096$750$503$333$141
33 years$1,504$1,038$700$463$301$124
34 years$1,444$984$654$426$273$108
35 years$1,387$933$612$392$247$95
36 years$1,334$886$572$361$224$83
37 years$1,284$841$535$333$203$73
38 years$1,236$800$501$307$184$64
39 years$1,191$760$470$283$167$56
40 years$1,148$723$440$261$151$49
41 years$1,108$689$413$241$137$43
42 years$1,069$656$387$222$125$38
43 years$1,033$625$363$205$113$33
44 years$998$596$341$189$103$29
45 years$965$568$320$175$93$25
46 years$933$542$301$161$85$22
47 years$903$517$283$149$77$20
48 years$874$494$266$138$70$17
49 years$847$471$250$127$63$15
50 years$820$450$235$118$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $840,000, adding $4,497 every year, while hoping to spend $37,138 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: 48/22/30 Blend
74$840,000$840,000$840,000$840,000
75$930,319$885,799$872,779$966,807
76$985,697$889,688$862,502$996,893
77$1,045,478$892,524$850,637$1,025,577
78$1,110,074$894,214$837,090$1,056,025
79$1,179,934$894,663$821,765$1,088,423
80$1,255,554$893,768$804,560$1,122,977
81$1,337,478$891,420$785,370$1,159,918
82$1,426,304$887,503$764,084$1,199,502
83$1,522,692$881,896$740,586$1,242,012
84$1,627,364$874,466$714,753$1,287,763
85$1,741,118$865,078$686,460$1,337,107
86$1,864,829$853,584$655,574$1,390,431
87$1,999,462$839,830$621,956$1,448,168
88$2,146,076$823,651$585,460$1,510,794
89$2,305,839$804,873$545,937$1,578,840
90$2,480,035$783,312$503,226$1,652,895
91$2,670,078$758,773$457,163$1,733,609
92$2,877,523$731,050$407,575$1,821,705
93$3,104,083$699,924$354,281$1,917,981
94$3,351,643$665,164$297,094$2,023,325
95$3,622,279$626,526$235,815$2,138,716
96$3,918,276$583,750$170,239$2,265,240
97$4,242,151$536,564$100,152$2,404,098
98$4,596,673$484,679$25,330$2,556,620
99$4,984,894$427,788$0$2,724,277
100$5,410,173$365,570$0$2,926,147