Can I retire at age 75 with 889,000?

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 $889,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$73,413$72,759$72,121$71,498$70,890$69,975
2 years$36,343$35,666$35,010$34,374$33,757$32,837
3 years$23,988$23,308$22,654$22,024$21,417$20,520
4 years$17,812$17,134$16,486$15,867$15,275$14,407
5 years$14,107$13,433$12,794$12,187$11,612$10,777
6 years$11,638$10,969$10,339$9,746$9,188$8,387
7 years$9,875$9,212$8,592$8,013$7,472$6,705
8 years$8,553$7,896$7,287$6,722$6,199$5,465
9 years$7,526$6,875$6,276$5,726$5,220$4,520
10 years$6,705$6,060$5,472$4,935$4,448$3,781
11 years$6,033$5,395$4,817$4,295$3,825$3,190
12 years$5,474$4,842$4,275$3,768$3,315$2,711
13 years$5,001$4,376$3,820$3,326$2,891$2,318
14 years$4,596$3,978$3,432$2,953$2,534$1,991
15 years$4,245$3,634$3,099$2,633$2,231$1,717
16 years$3,939$3,334$2,809$2,358$1,972$1,486
17 years$3,668$3,070$2,556$2,118$1,748$1,290
18 years$3,429$2,837$2,334$1,909$1,555$1,122
19 years$3,214$2,629$2,136$1,725$1,386$978
20 years$3,021$2,443$1,961$1,562$1,238$854
21 years$2,847$2,276$1,803$1,418$1,108$747
22 years$2,689$2,124$1,662$1,289$993$655
23 years$2,545$1,987$1,535$1,174$891$574
24 years$2,413$1,862$1,419$1,071$801$504
25 years$2,292$1,747$1,315$978$721$443
26 years$2,180$1,642$1,219$894$649$389
27 years$2,077$1,545$1,132$819$585$342
28 years$1,981$1,456$1,052$750$528$302
29 years$1,892$1,374$979$688$477$266
30 years$1,810$1,297$912$631$431$234
31 years$1,732$1,226$850$580$390$206
32 years$1,660$1,160$793$533$352$182
33 years$1,592$1,099$741$490$319$161
34 years$1,528$1,042$692$451$289$142
35 years$1,468$988$647$415$262$125
36 years$1,412$938$605$382$237$110
37 years$1,359$891$567$352$215$97
38 years$1,308$846$531$325$195$86
39 years$1,261$805$497$299$177$76
40 years$1,215$766$466$276$160$67
41 years$1,173$729$437$255$145$59
42 years$1,132$694$410$235$132$52
43 years$1,093$661$385$217$120$46
44 years$1,056$630$361$200$109$41
45 years$1,021$601$339$185$99$36
46 years$988$573$318$171$90$32
47 years$956$547$299$158$81$28
48 years$925$522$281$146$74$25
49 years$896$499$264$135$67$22
50 years$868$477$248$125$61$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $889,000, adding $5,074 every year, while hoping to spend $49,375 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: 61/32/7 Blend
74$889,000$889,000$889,000$889,000
75$984,912$937,795$924,015$1,043,304
76$1,032,838$931,212$902,435$1,076,386
77$1,083,998$922,652$878,477$1,106,303
78$1,138,670$911,966$852,010$1,137,689
79$1,197,157$898,995$822,895$1,170,686
80$1,259,793$883,572$790,989$1,205,452
81$1,326,946$865,520$756,140$1,242,163
82$1,399,015$844,652$718,192$1,281,014
83$1,476,442$820,767$676,978$1,322,223
84$1,559,710$793,656$632,329$1,366,032
85$1,649,351$763,096$584,062$1,412,710
86$1,745,948$728,851$531,991$1,462,557
87$1,850,141$690,671$475,919$1,515,906
88$1,962,634$648,292$415,641$1,573,127
89$2,084,201$601,436$350,943$1,634,630
90$2,215,690$549,808$281,601$1,700,871
91$2,358,037$493,095$207,381$1,772,358
92$2,512,268$430,968$128,040$1,849,652
93$2,679,513$363,079$43,322$1,933,377
94$2,861,013$289,059$0$2,024,226
95$3,058,134$208,521$0$2,126,483
96$3,272,378$121,052$0$2,241,165
97$3,505,398$26,221$0$2,365,997
98$3,759,012$0$0$2,502,048
99$4,035,221$0$0$2,677,415
100$4,336,226$0$0$2,878,649