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%11%
1 years$77,624$76,933$76,258$75,600$74,957$74,641
2 years$38,428$37,712$37,019$36,346$35,694$35,375
3 years$25,364$24,645$23,953$23,287$22,646$22,334
4 years$18,834$18,117$17,432$16,777$16,151$15,848
5 years$14,916$14,204$13,528$12,886$12,278$11,985
6 years$12,305$11,599$10,933$10,305$9,715$9,433
7 years$10,441$9,740$9,085$8,473$7,901$7,629
8 years$9,044$8,349$7,705$7,108$6,555$6,294
9 years$7,958$7,270$6,636$6,054$5,520$5,270
10 years$7,089$6,408$5,786$5,219$4,703$4,464
11 years$6,379$5,704$5,094$4,542$4,045$3,816
12 years$5,788$5,120$4,520$3,984$3,505$3,286
13 years$5,288$4,627$4,039$3,517$3,057$2,848
14 years$4,859$4,206$3,629$3,122$2,679$2,480
15 years$4,489$3,842$3,276$2,784$2,359$2,169
16 years$4,165$3,525$2,970$2,493$2,085$1,905
17 years$3,879$3,246$2,703$2,240$1,849$1,677
18 years$3,625$3,000$2,467$2,019$1,644$1,481
19 years$3,399$2,780$2,259$1,824$1,465$1,311
20 years$3,195$2,584$2,073$1,652$1,309$1,163
21 years$3,011$2,406$1,907$1,499$1,171$1,033
22 years$2,843$2,246$1,757$1,363$1,050$919
23 years$2,691$2,101$1,623$1,242$942$819
24 years$2,552$1,968$1,501$1,132$847$731
25 years$2,423$1,847$1,390$1,034$762$652
26 years$2,305$1,736$1,289$946$687$583
27 years$2,196$1,634$1,197$865$619$522
28 years$2,095$1,540$1,113$793$559$467
29 years$2,001$1,452$1,036$727$504$418
30 years$1,913$1,372$965$667$456$375
31 years$1,832$1,297$899$613$412$336
32 years$1,755$1,227$839$563$373$302
33 years$1,683$1,162$783$518$337$271
34 years$1,616$1,101$732$477$305$243
35 years$1,553$1,045$684$439$277$219
36 years$1,493$991$640$404$251$196
37 years$1,437$942$599$372$227$176
38 years$1,383$895$561$343$206$159
39 years$1,333$851$526$316$187$143
40 years$1,285$810$493$292$169$128
41 years$1,240$771$462$269$154$115
42 years$1,197$734$433$248$139$104
43 years$1,156$699$407$229$127$93
44 years$1,117$667$382$212$115$84
45 years$1,080$636$358$196$104$76
46 years$1,044$606$337$181$95$68
47 years$1,011$579$316$167$86$61
48 years$978$552$297$154$78$55
49 years$947$528$279$143$71$50
50 years$918$504$263$132$64$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $940,000, adding $2,289 every year, while hoping to spend $56,469 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: 74/18/8 Blend
74$940,000$940,000$940,000$940,000
75$1,038,241$988,421$973,851$1,113,611
76$1,084,059$976,771$946,393$1,151,936
77$1,132,658$962,658$916,122$1,186,564
78$1,184,262$945,901$882,884$1,222,904
79$1,239,115$926,309$846,520$1,261,105
80$1,297,487$903,679$806,860$1,301,335
81$1,359,670$877,799$763,729$1,343,777
82$1,425,985$848,440$716,943$1,388,636
83$1,496,785$815,363$666,310$1,436,139
84$1,572,455$778,314$611,629$1,486,534
85$1,653,418$737,024$552,691$1,540,099
86$1,740,137$691,208$489,277$1,597,140
87$1,833,120$640,567$421,157$1,657,997
88$1,932,926$584,782$348,093$1,723,044
89$2,040,166$523,518$269,836$1,792,696
90$2,155,512$456,420$186,125$1,867,414
91$2,279,702$383,112$96,687$1,947,706
92$2,413,545$303,198$1,240$2,034,134
93$2,557,932$216,260$0$2,127,320
94$2,713,840$121,856$0$2,236,542
95$2,882,343$19,518$0$2,354,644
96$3,064,621$0$0$2,482,388
97$3,261,973$0$0$2,638,809
98$3,475,824$0$0$2,812,531
99$3,707,744$0$0$3,000,966
100$3,959,457$0$0$3,205,521