Can I retire at age 75 with 883,000?

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 $883,000?

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$72,917$72,268$71,634$71,016$70,412$70,085
2 years$36,098$35,425$34,774$34,142$33,529$33,200
3 years$23,826$23,151$22,501$21,875$21,272$20,950
4 years$17,691$17,018$16,375$15,760$15,172$14,859
5 years$14,012$13,343$12,708$12,105$11,533$11,231
6 years$11,559$10,895$10,270$9,681$9,126$8,835
7 years$9,808$9,150$8,534$7,959$7,422$7,142
8 years$8,496$7,843$7,238$6,677$6,157$5,888
9 years$7,475$6,829$6,234$5,687$5,185$4,927
10 years$6,659$6,019$5,435$4,902$4,418$4,171
11 years$5,992$5,359$4,785$4,266$3,800$3,563
12 years$5,437$4,810$4,246$3,742$3,293$3,067
13 years$4,967$4,346$3,794$3,304$2,871$2,656
14 years$4,565$3,951$3,409$2,933$2,517$2,312
15 years$4,216$3,609$3,078$2,615$2,216$2,021
16 years$3,912$3,311$2,790$2,342$1,959$1,773
17 years$3,644$3,050$2,539$2,104$1,737$1,560
18 years$3,405$2,818$2,318$1,896$1,544$1,377
19 years$3,192$2,612$2,122$1,713$1,376$1,218
20 years$3,001$2,427$1,947$1,552$1,229$1,079
21 years$2,828$2,261$1,791$1,408$1,100$958
22 years$2,671$2,110$1,651$1,281$986$852
23 years$2,528$1,974$1,524$1,166$885$758
24 years$2,397$1,849$1,410$1,064$796$676
25 years$2,277$1,735$1,306$971$716$603
26 years$2,166$1,631$1,211$888$645$539
27 years$2,063$1,535$1,124$813$581$482
28 years$1,968$1,446$1,045$745$525$431
29 years$1,880$1,364$973$683$474$386
30 years$1,797$1,289$906$627$428$345
31 years$1,721$1,218$845$576$387$310
32 years$1,649$1,153$788$529$350$278
33 years$1,581$1,092$736$487$317$249
34 years$1,518$1,034$688$448$287$223
35 years$1,459$981$643$412$260$200
36 years$1,402$931$601$380$235$180
37 years$1,349$885$563$350$213$162
38 years$1,299$841$527$322$193$145
39 years$1,252$799$494$297$175$130
40 years$1,207$761$463$274$159$117
41 years$1,165$724$434$253$144$105
42 years$1,124$689$407$233$131$95
43 years$1,086$657$382$215$119$85
44 years$1,049$626$359$199$108$77
45 years$1,014$597$337$184$98$69
46 years$981$570$316$170$89$62
47 years$949$544$297$157$81$56
48 years$919$519$279$145$73$50
49 years$890$496$262$134$67$45
50 years$862$473$247$124$60$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $883,000, adding $4,443 every year, while hoping to spend $45,810 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: 75/7/18 Blend
74$883,000$883,000$883,000$883,000
75$977,649$930,850$917,163$1,046,605
76$1,028,628$927,720$899,147$1,089,741
77$1,083,271$922,902$878,992$1,130,933
78$1,141,904$916,263$856,577$1,174,872
79$1,204,884$907,666$831,778$1,221,821
80$1,272,603$896,962$804,464$1,272,068
81$1,345,491$883,996$774,496$1,325,932
82$1,424,021$868,602$741,731$1,383,766
83$1,508,711$850,603$706,020$1,445,956
84$1,600,132$829,816$667,204$1,512,932
85$1,698,911$806,042$625,120$1,585,168
86$1,805,735$779,073$579,597$1,663,183
87$1,921,362$748,689$530,455$1,747,556
88$2,046,623$714,657$477,508$1,838,921
89$2,182,433$676,730$420,558$1,937,980
90$2,329,798$634,646$359,404$2,045,508
91$2,489,824$588,130$293,830$2,162,358
92$2,663,727$536,890$223,615$2,289,475
93$2,852,847$480,618$148,526$2,427,899
94$3,058,656$418,987$68,321$2,578,777
95$3,282,775$351,652$0$2,743,378
96$3,526,985$278,251$0$2,926,416
97$3,793,250$198,398$0$3,140,334
98$4,083,730$111,687$0$3,373,754
99$4,400,800$17,690$0$3,628,607
100$4,747,079$0$0$3,907,022