Can I retire at age 75 with 892,000?

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 $892,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$73,661$73,004$72,364$71,739$71,129$70,357
2 years$36,466$35,786$35,128$34,490$33,871$33,094
3 years$24,069$23,387$22,730$22,098$21,489$20,731
4 years$17,872$17,192$16,542$15,920$15,326$14,592
5 years$14,154$13,479$12,837$12,228$11,651$10,944
6 years$11,677$11,006$10,374$9,779$9,219$8,539
7 years$9,908$9,243$8,621$8,040$7,497$6,846
8 years$8,582$7,923$7,311$6,745$6,220$5,596
9 years$7,551$6,898$6,297$5,745$5,238$4,642
10 years$6,727$6,081$5,490$4,952$4,463$3,894
11 years$6,053$5,413$4,833$4,310$3,838$3,297
12 years$5,492$4,859$4,290$3,780$3,326$2,811
13 years$5,018$4,391$3,832$3,337$2,901$2,411
14 years$4,611$3,991$3,443$2,963$2,543$2,078
15 years$4,259$3,646$3,109$2,642$2,239$1,798
16 years$3,952$3,345$2,819$2,366$1,979$1,561
17 years$3,681$3,081$2,565$2,126$1,754$1,360
18 years$3,440$2,847$2,341$1,916$1,560$1,187
19 years$3,225$2,638$2,143$1,731$1,390$1,039
20 years$3,032$2,452$1,967$1,568$1,242$911
21 years$2,857$2,284$1,809$1,423$1,111$800
22 years$2,698$2,132$1,668$1,294$996$703
23 years$2,554$1,994$1,540$1,178$894$619
24 years$2,421$1,868$1,424$1,075$804$545
25 years$2,300$1,753$1,319$981$723$481
26 years$2,188$1,648$1,223$897$651$425
27 years$2,084$1,551$1,136$821$587$375
28 years$1,988$1,461$1,056$752$530$332
29 years$1,899$1,378$983$690$479$293
30 years$1,816$1,302$915$633$432$259
31 years$1,738$1,231$853$582$391$230
32 years$1,666$1,164$796$535$354$203
33 years$1,597$1,103$743$492$320$180
34 years$1,534$1,045$695$452$290$160
35 years$1,473$991$649$416$262$141
36 years$1,417$941$607$383$238$125
37 years$1,363$894$569$353$216$111
38 years$1,313$849$532$326$195$99
39 years$1,265$807$499$300$177$87
40 years$1,220$768$468$277$161$78
41 years$1,176$731$438$255$146$69
42 years$1,136$696$411$236$132$61
43 years$1,097$664$386$218$120$54
44 years$1,060$633$362$201$109$48
45 years$1,025$603$340$186$99$43
46 years$991$575$319$171$90$38
47 years$959$549$300$158$82$34
48 years$928$524$282$146$74$30
49 years$899$501$265$135$67$27
50 years$871$478$249$125$61$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $892,000, adding $3,862 every year, while hoping to spend $35,542 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: 46/29/25 Blend
74$892,000$892,000$892,000$892,000
75$986,968$939,692$925,866$1,025,121
76$1,049,822$947,920$919,066$1,060,635
77$1,117,896$955,361$910,847$1,095,365
78$1,191,685$961,937$901,124$1,132,344
79$1,271,733$967,568$889,808$1,171,800
80$1,358,639$972,168$876,805$1,213,984
81$1,453,060$975,644$862,018$1,259,179
82$1,555,722$977,900$845,345$1,307,695
83$1,667,420$978,831$826,679$1,359,877
84$1,789,031$978,328$805,907$1,416,108
85$1,921,520$976,274$782,912$1,476,809
86$2,065,948$972,545$757,573$1,542,450
87$2,223,483$967,008$729,760$1,613,550
88$2,395,411$959,524$699,340$1,690,684
89$2,583,148$949,946$666,172$1,774,488
90$2,788,251$938,115$630,111$1,865,666
91$3,012,435$923,865$591,003$1,964,999
92$3,257,590$907,021$548,688$2,073,347
93$3,525,794$887,395$502,998$2,191,665
94$3,819,336$864,789$453,760$2,321,009
95$4,140,738$838,993$400,791$2,462,545
96$4,492,775$809,786$343,899$2,617,565
97$4,878,506$776,932$282,887$2,787,495
98$5,301,296$740,185$217,547$2,973,913
99$5,764,854$699,279$147,660$3,178,563
100$6,273,263$653,939$73,001$3,403,372