Can I retire at age 75 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$77,624$76,933$76,258$75,600$74,957$72,528
2 years$38,428$37,712$37,019$36,346$35,694$33,270
3 years$25,364$24,645$23,953$23,287$22,646$20,302
4 years$18,834$18,117$17,432$16,777$16,151$13,907
5 years$14,916$14,204$13,528$12,886$12,278$10,138
6 years$12,305$11,599$10,933$10,305$9,715$7,681
7 years$10,441$9,740$9,085$8,473$7,901$5,974
8 years$9,044$8,349$7,705$7,108$6,555$4,732
9 years$7,958$7,270$6,636$6,054$5,520$3,800
10 years$7,089$6,408$5,786$5,219$4,703$3,084
11 years$6,379$5,704$5,094$4,542$4,045$2,522
12 years$5,788$5,120$4,520$3,984$3,505$2,076
13 years$5,288$4,627$4,039$3,517$3,057$1,718
14 years$4,859$4,206$3,629$3,122$2,679$1,427
15 years$4,489$3,842$3,276$2,784$2,359$1,190
16 years$4,165$3,525$2,970$2,493$2,085$994
17 years$3,879$3,246$2,703$2,240$1,849$833
18 years$3,625$3,000$2,467$2,019$1,644$699
19 years$3,399$2,780$2,259$1,824$1,465$588
20 years$3,195$2,584$2,073$1,652$1,309$495
21 years$3,011$2,406$1,907$1,499$1,171$417
22 years$2,843$2,246$1,757$1,363$1,050$351
23 years$2,691$2,101$1,623$1,242$942$297
24 years$2,552$1,968$1,501$1,132$847$251
25 years$2,423$1,847$1,390$1,034$762$212
26 years$2,305$1,736$1,289$946$687$179
27 years$2,196$1,634$1,197$865$619$151
28 years$2,095$1,540$1,113$793$559$128
29 years$2,001$1,452$1,036$727$504$108
30 years$1,913$1,372$965$667$456$92
31 years$1,832$1,297$899$613$412$78
32 years$1,755$1,227$839$563$373$66
33 years$1,683$1,162$783$518$337$56
34 years$1,616$1,101$732$477$305$47
35 years$1,553$1,045$684$439$277$40
36 years$1,493$991$640$404$251$34
37 years$1,437$942$599$372$227$29
38 years$1,383$895$561$343$206$24
39 years$1,333$851$526$316$187$21
40 years$1,285$810$493$292$169$17
41 years$1,240$771$462$269$154$15
42 years$1,197$734$433$248$139$13
43 years$1,156$699$407$229$127$11
44 years$1,117$667$382$212$115$9
45 years$1,080$636$358$196$104$8
46 years$1,044$606$337$181$95$6
47 years$1,011$579$316$167$86$5
48 years$978$552$297$154$78$5
49 years$947$528$279$143$71$4
50 years$918$504$263$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $940,000, adding $5,771 every year, while hoping to spend $55,045 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: 69/11/20 Blend
74$940,000$940,000$940,000$940,000
75$1,041,833$992,013$977,443$1,108,204
76$1,089,532$982,054$951,620$1,143,308
77$1,140,252$969,762$923,087$1,174,710
78$1,194,243$954,965$891,695$1,207,724
79$1,251,777$937,480$857,288$1,242,505
80$1,313,155$917,114$819,704$1,279,224
81$1,378,706$893,661$778,773$1,318,072
82$1,448,788$866,904$734,316$1,359,262
83$1,523,796$836,615$686,147$1,403,029
84$1,604,163$802,548$634,073$1,449,633
85$1,690,363$764,449$577,890$1,499,363
86$1,782,916$722,043$517,386$1,552,540
87$1,882,395$675,044$452,339$1,609,521
88$1,989,425$623,147$382,518$1,670,698
89$2,104,695$566,030$307,681$1,736,509
90$2,228,962$503,354$227,577$1,807,437
91$2,363,056$434,758$141,941$1,884,018
92$2,507,890$359,864$50,498$1,966,846
93$2,664,468$278,269$0$2,056,578
94$2,833,890$189,551$0$2,163,990
95$3,017,369$93,261$0$2,291,992
96$3,216,237$0$0$2,430,756
97$3,431,960$0$0$2,582,676
98$3,666,147$0$0$2,759,900
99$3,920,572$0$0$2,952,485
100$4,197,183$0$0$3,161,912