Can I retire at age 75 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$70,027$69,403$68,795$68,201$67,621$65,746
2 years$34,667$34,021$33,395$32,789$32,200$30,326
3 years$22,882$22,233$21,609$21,008$20,429$18,613
4 years$16,990$16,344$15,726$15,135$14,570$12,827
5 years$13,456$12,814$12,204$11,625$11,076$9,410
6 years$11,101$10,463$9,863$9,297$8,764$7,177
7 years$9,419$8,787$8,196$7,643$7,128$5,620
8 years$8,159$7,532$6,951$6,412$5,913$4,483
9 years$7,179$6,558$5,987$5,461$4,980$3,627
10 years$6,395$5,781$5,219$4,708$4,243$2,965
11 years$5,755$5,146$4,595$4,097$3,649$2,444
12 years$5,221$4,619$4,078$3,594$3,162$2,028
13 years$4,770$4,174$3,643$3,173$2,757$1,692
14 years$4,384$3,794$3,274$2,816$2,417$1,417
15 years$4,049$3,466$2,956$2,512$2,128$1,191
16 years$3,757$3,180$2,680$2,249$1,881$1,004
17 years$3,499$2,929$2,438$2,021$1,668$849
18 years$3,270$2,706$2,226$1,821$1,483$719
19 years$3,066$2,508$2,038$1,646$1,322$610
20 years$2,882$2,331$1,870$1,490$1,181$518
21 years$2,716$2,171$1,720$1,353$1,057$440
22 years$2,565$2,026$1,585$1,230$947$375
23 years$2,428$1,895$1,464$1,120$850$319
24 years$2,302$1,776$1,354$1,022$764$272
25 years$2,186$1,667$1,254$933$688$232
26 years$2,080$1,566$1,163$853$619$198
27 years$1,981$1,474$1,080$781$558$169
28 years$1,890$1,389$1,004$715$504$145
29 years$1,805$1,310$934$656$455$124
30 years$1,726$1,237$870$602$411$106
31 years$1,652$1,170$811$553$372$90
32 years$1,583$1,107$757$508$336$77
33 years$1,519$1,048$707$467$304$66
34 years$1,458$993$660$430$275$57
35 years$1,401$942$617$396$250$48
36 years$1,347$894$578$365$226$41
37 years$1,296$849$541$336$205$35
38 years$1,248$807$506$310$186$30
39 years$1,202$768$474$285$168$26
40 years$1,159$730$445$263$153$22
41 years$1,118$695$417$243$139$19
42 years$1,080$662$391$224$126$16
43 years$1,043$631$367$207$114$14
44 years$1,008$601$344$191$104$12
45 years$974$573$323$176$94$10
46 years$942$547$304$163$85$9
47 years$912$522$285$151$78$7
48 years$882$498$268$139$70$6
49 years$855$476$252$129$64$5
50 years$828$455$237$119$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $848,000, adding $6,160 every year, while hoping to spend $22,728 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: 71/8/21 Blend
74$848,000$848,000$848,000$848,000
75$940,850$895,906$882,762$1,002,385
76$1,012,634$915,623$888,152$1,063,921
77$1,090,979$935,544$892,961$1,127,998
78$1,176,529$955,656$897,145$1,197,596
79$1,269,994$975,943$900,659$1,273,258
80$1,372,157$996,388$903,455$1,355,584
81$1,483,879$1,016,972$905,482$1,445,236
82$1,606,106$1,037,675$906,687$1,542,943
83$1,739,883$1,058,476$907,016$1,649,506
84$1,886,359$1,079,349$906,408$1,765,810
85$2,046,799$1,100,268$904,804$1,892,830
86$2,222,597$1,121,206$902,140$2,031,641
87$2,415,287$1,142,130$898,347$2,183,425
88$2,626,561$1,163,009$893,356$2,349,488
89$2,858,279$1,183,806$887,093$2,531,267
90$3,112,493$1,204,481$879,479$2,730,347
91$3,391,460$1,224,994$870,435$2,948,473
92$3,697,669$1,245,299$859,875$3,187,570
93$4,033,860$1,265,347$847,710$3,449,760
94$4,403,053$1,285,088$833,846$3,737,378
95$4,808,571$1,304,464$818,187$4,053,003
96$5,254,079$1,323,417$800,630$4,399,472
97$5,743,613$1,341,882$781,069$4,779,915
98$6,281,618$1,359,791$759,391$5,197,781
99$6,872,992$1,377,070$735,481$5,656,870
100$7,523,133$1,393,641$709,214$6,161,372