Can I retire at age 75 with 847,000?

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 $847,000?

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$69,944$69,321$68,714$68,120$67,541$67,228
2 years$34,626$33,981$33,356$32,750$32,162$31,847
3 years$22,855$22,207$21,584$20,983$20,405$20,096
4 years$16,970$16,325$15,707$15,117$14,553$14,253
5 years$13,440$12,799$12,190$11,612$11,063$10,773
6 years$11,088$10,451$9,851$9,286$8,754$8,475
7 years$9,408$8,777$8,186$7,634$7,119$6,851
8 years$8,149$7,523$6,943$6,404$5,906$5,648
9 years$7,170$6,550$5,980$5,455$4,974$4,726
10 years$6,388$5,774$5,213$4,702$4,238$4,001
11 years$5,748$5,140$4,590$4,092$3,645$3,418
12 years$5,215$4,613$4,073$3,590$3,158$2,942
13 years$4,765$4,169$3,639$3,169$2,754$2,548
14 years$4,379$3,790$3,270$2,813$2,414$2,218
15 years$4,045$3,462$2,952$2,509$2,126$1,938
16 years$3,753$3,176$2,677$2,246$1,879$1,701
17 years$3,495$2,925$2,436$2,018$1,666$1,497
18 years$3,267$2,703$2,223$1,819$1,481$1,321
19 years$3,062$2,505$2,035$1,644$1,320$1,168
20 years$2,879$2,328$1,868$1,489$1,179$1,035
21 years$2,713$2,168$1,718$1,351$1,055$919
22 years$2,562$2,024$1,584$1,228$946$817
23 years$2,425$1,893$1,462$1,119$849$728
24 years$2,299$1,774$1,352$1,020$763$649
25 years$2,184$1,665$1,252$932$687$579
26 years$2,077$1,564$1,162$852$619$517
27 years$1,979$1,472$1,079$780$558$462
28 years$1,888$1,387$1,003$715$503$413
29 years$1,803$1,309$933$655$454$370
30 years$1,724$1,236$869$601$411$331
31 years$1,650$1,168$810$552$371$297
32 years$1,581$1,106$756$508$336$266
33 years$1,517$1,047$706$467$304$239
34 years$1,456$992$660$429$275$214
35 years$1,399$941$617$395$249$192
36 years$1,345$893$577$364$226$173
37 years$1,294$848$540$335$205$155
38 years$1,246$806$506$309$186$139
39 years$1,201$767$474$285$168$125
40 years$1,158$730$444$263$153$112
41 years$1,117$694$416$243$138$101
42 years$1,078$661$391$224$126$91
43 years$1,041$630$366$207$114$82
44 years$1,006$601$344$191$103$73
45 years$973$573$323$176$94$66
46 years$941$546$303$163$85$59
47 years$911$521$285$150$77$53
48 years$881$498$268$139$70$48
49 years$854$475$252$128$64$43
50 years$827$454$237$119$58$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $847,000, adding $3,922 every year, while hoping to spend $37,489 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: 33/49/18 Blend
74$847,000$847,000$847,000$847,000
75$937,440$892,549$879,420$963,029
76$993,170$896,395$868,993$986,132
77$1,053,329$899,174$856,959$1,007,279
78$1,118,328$900,793$843,227$1,029,277
79$1,188,620$901,155$827,698$1,052,221
80$1,264,703$900,155$810,269$1,076,222
81$1,347,124$897,684$790,834$1,101,400
82$1,436,485$893,624$769,281$1,127,894
83$1,533,447$887,852$745,493$1,155,859
84$1,638,738$880,236$719,346$1,185,470
85$1,753,158$870,637$690,713$1,216,922
86$1,877,588$858,906$659,460$1,250,434
87$2,012,997$844,887$625,447$1,286,253
88$2,160,450$828,414$588,527$1,324,653
89$2,321,120$809,311$548,547$1,365,941
90$2,496,299$787,391$505,347$1,410,463
91$2,687,405$762,458$458,760$1,458,602
92$2,896,004$734,302$408,613$1,510,787
93$3,123,817$702,702$354,721$1,567,497
94$3,372,737$667,426$296,895$1,629,265
95$3,644,851$628,225$234,936$1,696,686
96$3,942,456$584,838$168,637$1,770,423
97$4,268,081$536,989$97,780$1,851,212
98$4,624,509$484,386$22,140$1,939,874
99$5,014,807$426,719$0$2,037,321
100$5,442,351$363,662$0$2,155,820