Can I retire at age 75 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$76,138$75,460$74,798$74,152$73,522$72,814
2 years$37,692$36,990$36,310$35,650$35,010$34,298
3 years$24,878$24,173$23,495$22,841$22,212$21,516
4 years$18,473$17,770$17,098$16,456$15,842$15,168
5 years$14,631$13,932$13,269$12,640$12,043$11,394
6 years$12,070$11,376$10,723$10,108$9,529$8,905
7 years$10,241$9,554$8,911$8,310$7,750$7,151
8 years$8,871$8,189$7,557$6,971$6,429$5,856
9 years$7,805$7,130$6,509$5,938$5,414$4,866
10 years$6,953$6,285$5,675$5,119$4,613$4,089
11 years$6,257$5,595$4,996$4,455$3,967$3,468
12 years$5,677$5,022$4,434$3,907$3,438$2,963
13 years$5,186$4,538$3,961$3,450$2,998$2,546
14 years$4,766$4,125$3,559$3,062$2,628$2,199
15 years$4,403$3,769$3,214$2,731$2,314$1,907
16 years$4,085$3,458$2,914$2,445$2,045$1,659
17 years$3,805$3,184$2,651$2,197$1,813$1,448
18 years$3,556$2,942$2,420$1,980$1,612$1,267
19 years$3,333$2,727$2,216$1,789$1,437$1,111
20 years$3,134$2,534$2,033$1,620$1,284$976
21 years$2,953$2,360$1,870$1,471$1,149$859
22 years$2,789$2,203$1,724$1,337$1,030$757
23 years$2,640$2,061$1,592$1,218$924$668
24 years$2,503$1,931$1,472$1,111$831$590
25 years$2,377$1,812$1,363$1,014$748$521
26 years$2,261$1,703$1,264$927$673$461
27 years$2,154$1,603$1,174$849$607$409
28 years$2,055$1,510$1,091$778$548$362
29 years$1,963$1,425$1,016$713$495$321
30 years$1,877$1,345$946$655$447$285
31 years$1,797$1,272$882$601$404$253
32 years$1,722$1,203$823$552$366$224
33 years$1,651$1,140$768$508$331$199
34 years$1,585$1,080$718$467$300$177
35 years$1,523$1,025$671$430$271$157
36 years$1,464$972$628$396$246$140
37 years$1,409$924$588$365$223$124
38 years$1,357$878$550$337$202$110
39 years$1,307$835$516$310$183$98
40 years$1,261$794$483$286$166$87
41 years$1,216$756$453$264$151$78
42 years$1,174$720$425$244$137$69
43 years$1,134$686$399$225$124$61
44 years$1,095$654$374$208$113$55
45 years$1,059$623$352$192$102$49
46 years$1,024$595$330$177$93$43
47 years$991$568$310$164$84$39
48 years$959$542$292$151$77$34
49 years$929$517$274$140$70$31
50 years$900$494$258$129$63$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $922,000, adding $5,115 every year, while hoping to spend $53,860 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: 32/46/22 Blend
74$922,000$922,000$922,000$922,000
75$1,021,320$972,454$958,163$1,046,934
76$1,068,188$962,798$932,955$1,056,985
77$1,118,032$950,863$905,097$1,062,581
78$1,171,097$936,482$874,444$1,067,502
79$1,227,654$919,475$840,844$1,071,720
80$1,287,999$899,653$804,136$1,075,213
81$1,352,456$876,817$764,155$1,077,961
82$1,421,380$850,754$720,727$1,079,948
83$1,495,159$821,239$673,670$1,081,160
84$1,574,220$788,036$622,794$1,081,590
85$1,659,033$750,891$567,900$1,081,239
86$1,750,110$709,541$508,780$1,080,110
87$1,848,016$663,703$445,218$1,078,218
88$1,953,368$613,079$376,988$1,075,587
89$2,066,848$557,356$303,853$1,072,251
90$2,189,201$496,201$225,567$1,068,257
91$2,321,247$429,263$141,871$1,063,666
92$2,463,888$356,170$52,497$1,058,555
93$2,618,113$276,531$0$1,053,022
94$2,785,010$189,930$0$1,057,248
95$2,965,776$95,932$0$1,075,116
96$3,161,727$0$0$1,094,529
97$3,374,308$0$0$1,118,761
98$3,605,109$0$0$1,197,909
99$3,855,881$0$0$1,284,030
100$4,128,548$0$0$1,377,798