Can I retire at age 75 with 931,000?

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 $931,000?

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$76,881$76,196$75,528$74,876$74,239$73,281
2 years$38,060$37,351$36,664$35,998$35,352$34,388
3 years$25,121$24,409$23,724$23,064$22,429$21,489
4 years$18,653$17,943$17,265$16,617$15,996$15,088
5 years$14,773$14,068$13,398$12,763$12,160$11,286
6 years$12,188$11,487$10,828$10,207$9,622$8,783
7 years$10,341$9,647$8,998$8,392$7,825$7,021
8 years$8,957$8,269$7,631$7,039$6,492$5,723
9 years$7,882$7,200$6,573$5,996$5,467$4,734
10 years$7,021$6,346$5,730$5,169$4,658$3,959
11 years$6,318$5,650$5,045$4,498$4,006$3,341
12 years$5,732$5,071$4,477$3,946$3,472$2,840
13 years$5,237$4,583$4,000$3,483$3,027$2,427
14 years$4,813$4,166$3,594$3,092$2,654$2,085
15 years$4,446$3,805$3,245$2,758$2,337$1,798
16 years$4,125$3,491$2,942$2,469$2,065$1,556
17 years$3,842$3,215$2,677$2,219$1,831$1,351
18 years$3,591$2,971$2,444$1,999$1,628$1,175
19 years$3,366$2,754$2,237$1,807$1,451$1,025
20 years$3,164$2,559$2,053$1,636$1,296$895
21 years$2,982$2,383$1,889$1,485$1,160$783
22 years$2,816$2,225$1,741$1,350$1,040$686
23 years$2,665$2,081$1,607$1,230$933$601
24 years$2,527$1,950$1,486$1,121$839$528
25 years$2,400$1,830$1,377$1,024$755$464
26 years$2,283$1,720$1,277$936$680$408
27 years$2,175$1,618$1,186$857$613$359
28 years$2,075$1,525$1,102$785$553$316
29 years$1,982$1,439$1,026$720$499$278
30 years$1,895$1,359$955$661$451$245
31 years$1,814$1,284$891$607$408$216
32 years$1,738$1,215$831$558$369$191
33 years$1,667$1,151$776$513$334$168
34 years$1,601$1,091$725$472$302$148
35 years$1,538$1,035$678$435$274$131
36 years$1,479$982$634$400$248$116
37 years$1,423$933$593$369$225$102
38 years$1,370$886$556$340$204$90
39 years$1,320$843$521$313$185$80
40 years$1,273$802$488$289$168$70
41 years$1,228$763$458$267$152$62
42 years$1,185$727$429$246$138$55
43 years$1,145$693$403$227$125$48
44 years$1,106$660$378$210$114$43
45 years$1,069$630$355$194$103$38
46 years$1,034$601$333$179$94$33
47 years$1,001$573$313$165$85$30
48 years$969$547$294$153$77$26
49 years$938$522$277$141$70$23
50 years$909$499$260$130$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $931,000, adding $3,012 every year, while hoping to spend $25,135 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: 38/48/14 Blend
74$931,000$931,000$931,000$931,000
75$1,029,069$979,726$965,295$1,063,705
76$1,107,290$1,000,989$970,889$1,109,976
77$1,192,648$1,022,452$975,828$1,157,298
78$1,285,844$1,044,097$980,064$1,207,895
79$1,387,648$1,065,907$983,545$1,262,072
80$1,498,913$1,087,860$986,218$1,320,168
81$1,620,573$1,109,936$988,027$1,382,555
82$1,753,658$1,132,110$988,912$1,449,645
83$1,899,303$1,154,355$988,813$1,521,890
84$2,058,758$1,176,644$987,664$1,599,790
85$2,233,397$1,198,946$985,396$1,683,895
86$2,424,735$1,221,226$981,939$1,774,813
87$2,634,442$1,243,450$977,218$1,873,213
88$2,864,353$1,265,577$971,153$1,979,835
89$3,116,494$1,287,567$963,663$2,095,491
90$3,393,092$1,309,373$954,661$2,221,081
91$3,696,602$1,330,947$944,058$2,357,595
92$4,029,729$1,352,238$931,757$2,506,126
93$4,395,451$1,373,187$917,661$2,667,877
94$4,797,050$1,393,736$901,665$2,844,179
95$5,238,140$1,413,820$883,662$3,036,495
96$5,722,702$1,433,369$863,536$3,246,444
97$6,255,123$1,452,309$841,170$3,475,806
98$6,840,235$1,470,562$816,439$3,726,548
99$7,483,362$1,488,042$789,213$4,000,838
100$8,190,369$1,504,660$759,355$4,301,067