Can I retire at age 75 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$73,578$72,923$72,283$71,659$71,050$69,644
2 years$36,425$35,746$35,089$34,451$33,833$32,423
3 years$24,042$23,361$22,705$22,073$21,465$20,094
4 years$17,852$17,173$16,523$15,903$15,309$13,988
5 years$14,139$13,463$12,823$12,215$11,638$10,370
6 years$11,664$10,994$10,363$9,768$9,209$7,996
7 years$9,897$9,233$8,611$8,031$7,489$6,332
8 years$8,573$7,914$7,303$6,737$6,213$5,111
9 years$7,543$6,891$6,290$5,738$5,232$4,185
10 years$6,720$6,074$5,484$4,947$4,458$3,464
11 years$6,046$5,407$4,828$4,305$3,834$2,892
12 years$5,486$4,853$4,285$3,776$3,323$2,431
13 years$5,012$4,386$3,828$3,334$2,897$2,055
14 years$4,606$3,987$3,440$2,959$2,540$1,745
15 years$4,255$3,642$3,105$2,639$2,236$1,488
16 years$3,947$3,341$2,816$2,363$1,976$1,272
17 years$3,677$3,077$2,562$2,123$1,752$1,091
18 years$3,436$2,843$2,339$1,913$1,558$938
19 years$3,221$2,635$2,141$1,729$1,389$807
20 years$3,028$2,449$1,965$1,566$1,240$696
21 years$2,854$2,281$1,807$1,421$1,110$601
22 years$2,695$2,129$1,666$1,292$995$520
23 years$2,551$1,991$1,538$1,177$893$450
24 years$2,419$1,866$1,422$1,073$803$390
25 years$2,297$1,751$1,317$980$722$338
26 years$2,185$1,646$1,222$896$651$293
27 years$2,082$1,549$1,135$820$587$254
28 years$1,986$1,459$1,055$752$529$221
29 years$1,897$1,377$982$689$478$192
30 years$1,814$1,300$914$633$432$167
31 years$1,736$1,229$852$581$391$145
32 years$1,664$1,163$795$534$353$126
33 years$1,596$1,101$743$491$320$110
34 years$1,532$1,044$694$452$289$95
35 years$1,472$990$649$416$262$83
36 years$1,415$940$607$383$238$72
37 years$1,362$893$568$353$215$63
38 years$1,311$848$532$325$195$55
39 years$1,263$807$498$300$177$48
40 years$1,218$767$467$277$161$41
41 years$1,175$730$438$255$146$36
42 years$1,134$696$411$236$132$31
43 years$1,096$663$385$217$120$27
44 years$1,059$632$362$201$109$24
45 years$1,023$603$340$185$99$21
46 years$990$575$319$171$90$18
47 years$958$549$300$158$81$16
48 years$927$524$282$146$74$14
49 years$898$500$265$135$67$12
50 years$870$478$249$125$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $891,000, adding $4,926 every year, while hoping to spend $20,604 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: 51/22/27 Blend
74$891,000$891,000$891,000$891,000
75$986,963$939,740$925,930$1,029,577
76$1,065,711$963,865$935,026$1,083,881
77$1,151,800$988,481$943,736$1,140,426
78$1,245,959$1,013,591$952,026$1,201,504
79$1,348,986$1,039,197$959,859$1,267,556
80$1,461,765$1,065,300$967,196$1,339,065
81$1,585,265$1,091,900$973,997$1,416,568
82$1,720,556$1,118,997$980,220$1,500,652
83$1,868,815$1,146,590$985,819$1,591,966
84$2,031,338$1,174,677$990,748$1,691,226
85$2,209,553$1,203,255$994,957$1,799,220
86$2,405,034$1,232,320$998,395$1,916,817
87$2,619,512$1,261,869$1,001,005$2,044,973
88$2,854,895$1,291,893$1,002,732$2,184,744
89$3,113,286$1,322,387$1,003,515$2,337,292
90$3,396,999$1,353,342$1,003,290$2,503,900
91$3,708,584$1,384,748$1,001,992$2,685,980
92$4,050,852$1,416,592$999,551$2,885,088
93$4,426,897$1,448,863$995,894$3,102,941
94$4,840,128$1,481,545$990,944$3,341,430
95$5,294,302$1,514,622$984,622$3,602,641
96$5,793,557$1,548,075$976,843$3,888,872
97$6,342,452$1,581,883$967,519$4,202,654
98$6,946,010$1,616,022$956,559$4,546,781
99$7,609,764$1,650,469$943,865$4,924,330
100$8,339,813$1,685,194$929,337$5,338,693