Can I retire at age 75 with 871,000?

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 $871,000?

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$71,926$71,286$70,661$70,051$69,455$69,133
2 years$35,607$34,944$34,301$33,678$33,074$32,749
3 years$23,502$22,836$22,195$21,578$20,983$20,666
4 years$17,451$16,787$16,152$15,546$14,965$14,657
5 years$13,821$13,161$12,535$11,941$11,377$11,079
6 years$11,402$10,747$10,130$9,549$9,002$8,715
7 years$9,675$9,025$8,418$7,851$7,321$7,045
8 years$8,380$7,736$7,139$6,586$6,073$5,808
9 years$7,374$6,736$6,149$5,610$5,115$4,860
10 years$6,569$5,937$5,361$4,836$4,358$4,114
11 years$5,911$5,286$4,720$4,208$3,748$3,515
12 years$5,363$4,744$4,189$3,691$3,248$3,025
13 years$4,900$4,287$3,742$3,259$2,832$2,620
14 years$4,503$3,897$3,362$2,893$2,483$2,280
15 years$4,159$3,560$3,036$2,580$2,186$1,993
16 years$3,859$3,266$2,752$2,310$1,932$1,749
17 years$3,594$3,008$2,505$2,076$1,713$1,539
18 years$3,359$2,780$2,286$1,870$1,523$1,358
19 years$3,149$2,576$2,093$1,690$1,358$1,201
20 years$2,960$2,394$1,921$1,531$1,213$1,064
21 years$2,790$2,230$1,767$1,389$1,085$945
22 years$2,635$2,081$1,628$1,263$973$840
23 years$2,494$1,947$1,504$1,150$873$748
24 years$2,364$1,824$1,391$1,049$785$667
25 years$2,246$1,712$1,288$958$706$595
26 years$2,136$1,609$1,194$876$636$532
27 years$2,035$1,514$1,109$802$574$475
28 years$1,941$1,427$1,031$735$518$425
29 years$1,854$1,346$960$674$467$380
30 years$1,773$1,271$894$618$422$341
31 years$1,697$1,202$833$568$382$305
32 years$1,626$1,137$777$522$345$274
33 years$1,560$1,077$726$480$313$246
34 years$1,497$1,020$678$442$283$220
35 years$1,439$968$634$407$256$198
36 years$1,383$919$593$374$232$178
37 years$1,331$873$555$345$210$159
38 years$1,282$829$520$318$191$143
39 years$1,235$788$487$293$173$129
40 years$1,191$750$457$270$157$116
41 years$1,149$714$428$249$142$104
42 years$1,109$680$402$230$129$93
43 years$1,071$648$377$213$117$84
44 years$1,035$618$354$196$106$75
45 years$1,000$589$332$181$97$68
46 years$968$562$312$167$88$61
47 years$936$536$293$155$80$55
48 years$906$512$275$143$72$49
49 years$878$489$259$132$66$44
50 years$850$467$243$122$60$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $871,000, adding $3,431 every year, while hoping to spend $31,329 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: 59/20/21 Blend
74$871,000$871,000$871,000$871,000
75$963,381$917,218$903,718$1,014,669
76$1,028,312$928,828$900,658$1,061,498
77$1,098,816$939,957$896,447$1,108,840
78$1,175,428$950,548$891,011$1,159,777
79$1,258,738$960,540$884,275$1,214,664
80$1,349,393$969,870$876,162$1,273,891
81$1,448,106$978,469$866,588$1,337,890
82$1,555,661$986,262$855,468$1,407,136
83$1,672,922$993,173$842,710$1,482,155
84$1,800,840$999,118$828,220$1,563,528
85$1,940,459$1,004,008$811,898$1,651,893
86$2,092,931$1,007,750$793,643$1,747,957
87$2,259,524$1,010,243$773,343$1,852,500
88$2,441,632$1,011,382$750,887$1,966,382
89$2,640,792$1,011,053$726,155$2,090,552
90$2,858,694$1,009,136$699,023$2,226,058
91$3,097,202$1,005,505$669,361$2,374,056
92$3,358,365$1,000,024$637,034$2,535,822
93$3,644,443$992,549$601,898$2,712,763
94$3,957,921$982,929$563,807$2,906,432
95$4,301,540$971,003$522,605$3,118,543
96$4,678,314$956,600$478,130$3,350,985
97$5,091,567$939,538$430,212$3,605,845
98$5,544,958$919,626$378,675$3,885,423
99$6,042,517$896,662$323,335$4,192,257
100$6,588,685$870,429$263,997$4,529,148