Can I retire at age 75 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$71,018$70,385$69,768$69,166$68,578$67,805
2 years$35,157$34,503$33,868$33,253$32,656$31,878
3 years$23,205$22,548$21,915$21,305$20,718$19,960
4 years$17,231$16,575$15,948$15,349$14,776$14,042
5 years$13,647$12,995$12,377$11,790$11,233$10,526
6 years$11,258$10,611$10,002$9,428$8,888$8,209
7 years$9,553$8,911$8,312$7,752$7,228$6,577
8 years$8,274$7,639$7,049$6,503$5,997$5,374
9 years$7,280$6,651$6,071$5,539$5,050$4,455
10 years$6,486$5,862$5,293$4,774$4,303$3,735
11 years$5,836$5,219$4,660$4,155$3,701$3,160
12 years$5,295$4,684$4,136$3,645$3,207$2,692
13 years$4,838$4,233$3,695$3,218$2,796$2,308
14 years$4,446$3,848$3,320$2,856$2,451$1,988
15 years$4,107$3,515$2,997$2,547$2,158$1,719
16 years$3,810$3,225$2,718$2,281$1,908$1,492
17 years$3,549$2,970$2,473$2,049$1,691$1,298
18 years$3,317$2,745$2,257$1,847$1,504$1,133
19 years$3,109$2,544$2,067$1,669$1,340$990
20 years$2,923$2,364$1,897$1,511$1,197$868
21 years$2,754$2,202$1,745$1,372$1,071$761
22 years$2,601$2,055$1,608$1,247$960$669
23 years$2,462$1,922$1,485$1,136$862$588
24 years$2,334$1,801$1,373$1,036$775$518
25 years$2,217$1,690$1,272$946$697$456
26 years$2,109$1,588$1,179$865$628$403
27 years$2,009$1,495$1,095$792$566$355
28 years$1,917$1,409$1,018$725$511$314
29 years$1,831$1,329$947$665$461$277
30 years$1,751$1,255$882$611$417$245
31 years$1,676$1,186$823$561$377$217
32 years$1,606$1,123$768$515$341$192
33 years$1,540$1,063$717$474$309$170
34 years$1,479$1,008$670$436$279$150
35 years$1,421$956$626$401$253$133
36 years$1,366$907$586$370$229$118
37 years$1,314$861$548$341$208$105
38 years$1,266$819$513$314$188$93
39 years$1,219$779$481$289$171$82
40 years$1,176$741$451$267$155$73
41 years$1,134$705$423$246$141$64
42 years$1,095$671$397$227$128$57
43 years$1,057$640$372$210$116$51
44 years$1,022$610$349$194$105$45
45 years$988$582$328$179$95$40
46 years$955$555$308$165$87$35
47 years$925$529$289$153$79$31
48 years$895$505$272$141$71$28
49 years$867$483$256$130$65$25
50 years$840$461$240$121$59$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $860,000, adding $4,614 every year, while hoping to spend $42,400 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: 63/29/8 Blend
74$860,000$860,000$860,000$860,000
75$952,479$906,899$893,569$1,010,650
76$1,004,519$906,224$878,391$1,049,366
77$1,060,446$904,095$861,282$1,086,247
78$1,120,611$900,395$842,135$1,125,427
79$1,185,401$895,002$820,835$1,167,130
80$1,255,240$887,786$797,261$1,211,598
81$1,330,594$878,607$771,288$1,259,104
82$1,411,975$867,318$742,786$1,309,948
83$1,499,944$853,765$711,618$1,364,460
84$1,595,121$837,782$677,640$1,423,010
85$1,698,185$819,195$640,702$1,486,002
86$1,809,883$797,819$600,649$1,553,887
87$1,931,036$773,457$557,315$1,627,162
88$2,062,547$745,902$510,532$1,706,377
89$2,205,412$714,936$460,119$1,792,141
90$2,360,721$680,325$405,890$1,885,127
91$2,529,679$641,825$347,652$1,986,078
92$2,713,607$599,176$285,199$2,095,817
93$2,913,962$552,102$218,320$2,215,255
94$3,132,345$500,314$146,793$2,345,397
95$3,370,520$443,506$70,386$2,487,355
96$3,630,427$381,351$0$2,642,358
97$3,914,203$313,509$0$2,812,715
98$4,224,197$239,617$0$3,005,449
99$4,563,000$159,293$0$3,216,226
100$4,933,461$72,133$0$3,446,903