Can I retire at age 75 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$73,248$72,595$71,959$71,337$70,731$70,167
2 years$36,261$35,586$34,931$34,297$33,681$33,113
3 years$23,934$23,256$22,603$21,974$21,369$20,814
4 years$17,772$17,095$16,449$15,831$15,240$14,703
5 years$14,075$13,403$12,765$12,160$11,585$11,067
6 years$11,612$10,945$10,316$9,724$9,167$8,668
7 years$9,853$9,191$8,573$7,995$7,455$6,976
8 years$8,534$7,879$7,270$6,707$6,185$5,726
9 years$7,509$6,860$6,262$5,713$5,209$4,769
10 years$6,689$6,047$5,459$4,924$4,438$4,018
11 years$6,019$5,383$4,806$4,286$3,817$3,416
12 years$5,461$4,831$4,265$3,759$3,308$2,925
13 years$4,990$4,366$3,811$3,319$2,884$2,520
14 years$4,585$3,969$3,424$2,946$2,528$2,182
15 years$4,236$3,625$3,092$2,627$2,226$1,897
16 years$3,930$3,326$2,803$2,352$1,967$1,656
17 years$3,660$3,063$2,551$2,114$1,745$1,449
18 years$3,421$2,831$2,328$1,905$1,551$1,271
19 years$3,207$2,623$2,131$1,721$1,383$1,118
20 years$3,015$2,438$1,956$1,559$1,235$985
21 years$2,841$2,271$1,799$1,415$1,105$870
22 years$2,683$2,120$1,658$1,286$991$769
23 years$2,539$1,983$1,531$1,172$889$680
24 years$2,408$1,857$1,416$1,068$799$603
25 years$2,287$1,743$1,312$976$719$534
26 years$2,175$1,638$1,216$892$648$474
27 years$2,072$1,542$1,130$817$584$421
28 years$1,977$1,453$1,050$748$527$375
29 years$1,888$1,371$977$686$476$333
30 years$1,806$1,294$910$630$430$296
31 years$1,728$1,224$849$578$389$264
32 years$1,656$1,158$792$532$352$235
33 years$1,588$1,096$739$489$318$209
34 years$1,525$1,039$691$450$288$187
35 years$1,465$986$646$414$261$166
36 years$1,409$936$604$381$236$148
37 years$1,356$889$565$351$214$132
38 years$1,305$844$529$324$194$118
39 years$1,258$803$496$299$176$105
40 years$1,213$764$465$275$160$94
41 years$1,170$727$436$254$145$84
42 years$1,129$693$409$234$132$75
43 years$1,091$660$384$216$119$67
44 years$1,054$629$360$200$108$60
45 years$1,019$600$338$185$98$53
46 years$985$572$318$170$89$48
47 years$954$546$298$158$81$43
48 years$923$521$280$146$74$38
49 years$894$498$264$135$67$34
50 years$866$476$248$124$61$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $887,000, adding $3,391 every year, while hoping to spend $29,279 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: 83/6/11 Blend
74$887,000$887,000$887,000$887,000
75$980,972$933,961$920,212$1,060,334
76$1,049,878$948,572$919,887$1,127,406
77$1,124,832$962,918$918,569$1,196,806
78$1,206,419$976,955$916,195$1,272,136
79$1,295,283$990,636$912,697$1,353,975
80$1,392,135$1,003,910$908,005$1,442,962
81$1,497,754$1,016,723$902,045$1,539,798
82$1,613,001$1,029,018$894,740$1,645,258
83$1,738,821$1,040,734$886,007$1,760,193
84$1,876,256$1,051,805$875,763$1,885,542
85$2,026,451$1,062,160$863,918$2,022,340
86$2,190,668$1,071,726$850,380$2,171,724
87$2,370,298$1,080,422$835,049$2,334,951
88$2,566,870$1,088,164$817,824$2,513,403
89$2,782,068$1,094,862$798,599$2,708,602
90$3,017,748$1,100,419$777,261$2,922,227
91$3,275,953$1,104,734$753,693$3,156,127
92$3,558,931$1,107,697$727,774$3,412,339
93$3,869,162$1,109,194$699,374$3,693,107
94$4,209,374$1,109,102$668,360$4,000,905
95$4,582,572$1,107,290$634,592$4,338,458
96$4,992,068$1,103,620$597,924$4,708,769
97$5,441,507$1,097,946$558,203$5,115,147
98$5,934,907$1,090,112$515,270$5,561,239
99$6,476,693$1,079,952$468,956$6,051,061
100$7,071,738$1,067,292$419,088$6,589,041