Can I retire at age 75 with 903,000?

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 $903,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$74,569$73,905$73,257$72,624$72,006$70,668
2 years$36,915$36,228$35,561$34,915$34,289$32,946
3 years$24,366$23,675$23,011$22,371$21,754$20,448
4 years$18,092$17,404$16,746$16,117$15,515$14,256
5 years$14,329$13,645$12,995$12,379$11,794$10,586
6 years$11,821$11,142$10,502$9,900$9,333$8,175
7 years$10,030$9,357$8,727$8,139$7,590$6,485
8 years$8,688$8,021$7,402$6,828$6,297$5,243
9 years$7,644$6,983$6,375$5,816$5,303$4,301
10 years$6,810$6,156$5,558$5,013$4,518$3,567
11 years$6,128$5,480$4,893$4,363$3,886$2,983
12 years$5,560$4,919$4,342$3,827$3,367$2,513
13 years$5,080$4,445$3,880$3,379$2,936$2,129
14 years$4,668$4,040$3,486$2,999$2,574$1,811
15 years$4,312$3,691$3,147$2,675$2,266$1,547
16 years$4,001$3,386$2,854$2,395$2,003$1,326
17 years$3,726$3,119$2,597$2,152$1,776$1,139
18 years$3,483$2,882$2,370$1,939$1,579$981
19 years$3,265$2,671$2,170$1,752$1,408$847
20 years$3,069$2,482$1,991$1,587$1,257$732
21 years$2,892$2,312$1,832$1,440$1,125$633
22 years$2,732$2,158$1,688$1,310$1,008$549
23 years$2,585$2,018$1,559$1,193$905$476
24 years$2,451$1,891$1,442$1,088$814$413
25 years$2,328$1,775$1,335$993$732$359
26 years$2,215$1,668$1,238$908$660$312
27 years$2,110$1,570$1,150$831$595$272
28 years$2,013$1,479$1,069$762$537$237
29 years$1,922$1,395$995$699$484$206
30 years$1,838$1,318$927$641$438$179
31 years$1,760$1,246$864$589$396$156
32 years$1,686$1,179$806$541$358$136
33 years$1,617$1,116$753$498$324$119
34 years$1,552$1,058$703$458$293$104
35 years$1,492$1,003$657$421$266$90
36 years$1,434$952$615$388$241$79
37 years$1,380$905$576$358$218$69
38 years$1,329$860$539$330$198$60
39 years$1,280$817$505$304$179$52
40 years$1,235$778$473$280$163$46
41 years$1,191$740$444$259$148$40
42 years$1,150$705$416$239$134$35
43 years$1,110$672$391$220$122$30
44 years$1,073$640$367$203$110$27
45 years$1,037$611$344$188$100$23
46 years$1,003$583$323$174$91$20
47 years$971$556$304$160$83$18
48 years$940$531$286$148$75$15
49 years$910$507$268$137$68$13
50 years$882$484$252$127$62$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $903,000, adding $5,720 every year, while hoping to spend $50,226 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: 38/39/23 Blend
74$903,000$903,000$903,000$903,000
75$1,001,006$953,147$939,151$1,031,977
76$1,049,669$946,411$917,172$1,048,266
77$1,101,612$937,662$892,774$1,060,749
78$1,157,116$926,748$865,822$1,073,234
79$1,216,491$913,507$836,176$1,085,752
80$1,280,075$897,771$803,690$1,098,339
81$1,348,238$879,357$768,209$1,111,041
82$1,421,389$858,076$729,574$1,123,913
83$1,499,973$833,724$687,618$1,137,018
84$1,584,481$806,088$642,164$1,150,433
85$1,675,452$774,940$593,030$1,164,247
86$1,773,476$740,040$540,025$1,178,564
87$1,879,203$701,135$482,948$1,193,505
88$1,993,347$657,955$421,592$1,209,209
89$2,116,691$610,218$355,738$1,225,837
90$2,250,097$557,622$285,158$1,243,572
91$2,394,511$499,850$209,616$1,262,626
92$2,550,976$436,567$128,862$1,283,238
93$2,720,634$367,418$42,638$1,305,680
94$2,904,746$292,029$0$1,330,263
95$3,104,696$210,003$0$1,369,455
96$3,322,006$120,924$0$1,423,490
97$3,558,351$24,350$0$1,482,414
98$3,815,575$0$0$1,546,807
99$4,095,705$0$0$1,651,728
100$4,400,973$0$0$1,777,566