Can I retire at age 75 with 941,000?

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 $941,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$77,707$77,015$76,339$75,680$75,037$73,733
2 years$38,469$37,752$37,058$36,385$35,732$34,422
3 years$25,391$24,672$23,979$23,312$22,670$21,396
4 years$18,854$18,136$17,451$16,795$16,168$14,939
5 years$14,932$14,219$13,542$12,900$12,291$11,110
6 years$12,319$11,611$10,944$10,316$9,725$8,595
7 years$10,453$9,751$9,095$8,482$7,909$6,829
8 years$9,054$8,358$7,713$7,115$6,562$5,531
9 years$7,966$7,277$6,643$6,060$5,526$4,545
10 years$7,097$6,415$5,792$5,224$4,708$3,776
11 years$6,386$5,711$5,099$4,547$4,049$3,165
12 years$5,794$5,125$4,525$3,988$3,509$2,671
13 years$5,293$4,632$4,043$3,521$3,060$2,267
14 years$4,865$4,210$3,633$3,125$2,682$1,933
15 years$4,493$3,846$3,280$2,787$2,362$1,655
16 years$4,169$3,529$2,974$2,496$2,087$1,421
17 years$3,883$3,250$2,706$2,242$1,851$1,224
18 years$3,629$3,003$2,470$2,021$1,646$1,056
19 years$3,402$2,783$2,261$1,826$1,467$913
20 years$3,198$2,586$2,075$1,654$1,310$791
21 years$3,014$2,409$1,909$1,501$1,172$686
22 years$2,847$2,249$1,759$1,365$1,051$596
23 years$2,694$2,103$1,624$1,243$943$518
24 years$2,554$1,971$1,502$1,134$848$451
25 years$2,426$1,849$1,391$1,035$763$393
26 years$2,308$1,738$1,290$947$687$342
27 years$2,199$1,636$1,198$866$620$299
28 years$2,097$1,541$1,114$794$559$261
29 years$2,003$1,454$1,037$728$505$227
30 years$1,915$1,373$966$668$456$199
31 years$1,834$1,298$900$614$412$174
32 years$1,757$1,228$840$564$373$152
33 years$1,685$1,163$784$519$338$133
34 years$1,618$1,102$733$477$306$116
35 years$1,554$1,046$685$439$277$101
36 years$1,495$992$641$404$251$89
37 years$1,438$943$600$373$227$78
38 years$1,385$896$562$344$206$68
39 years$1,334$852$526$317$187$59
40 years$1,286$810$493$292$170$52
41 years$1,241$771$463$270$154$45
42 years$1,198$735$434$249$140$40
43 years$1,157$700$407$230$127$35
44 years$1,118$667$382$212$115$30
45 years$1,081$636$359$196$104$27
46 years$1,045$607$337$181$95$23
47 years$1,012$579$317$167$86$20
48 years$979$553$298$154$78$18
49 years$948$528$280$143$71$16
50 years$919$504$263$132$64$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $941,000, adding $6,951 every year, while hoping to spend $59,448 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: 51/32/17 Blend
74$941,000$941,000$941,000$941,000
75$1,044,152$994,279$979,693$1,092,195
76$1,087,403$979,746$949,261$1,111,446
77$1,133,074$962,509$915,817$1,125,598
78$1,181,347$942,372$879,197$1,139,686
79$1,232,425$919,129$839,230$1,153,724
80$1,286,526$892,560$795,737$1,167,730
81$1,343,889$862,433$748,533$1,181,729
82$1,404,777$828,503$697,420$1,195,750
83$1,469,476$790,511$642,194$1,209,832
84$1,538,298$748,182$582,644$1,224,021
85$1,611,587$701,225$518,544$1,238,374
86$1,689,717$649,333$449,664$1,252,957
87$1,773,099$592,182$375,759$1,267,850
88$1,862,184$529,428$296,576$1,283,145
89$1,957,465$460,708$211,849$1,298,953
90$2,059,482$385,638$121,302$1,315,400
91$2,168,830$303,815$24,646$1,332,633
92$2,286,158$214,810$0$1,350,821
93$2,412,181$118,171$0$1,384,399
94$2,547,683$13,420$0$1,425,045
95$2,693,524$0$0$1,468,600
96$2,850,649$0$0$1,550,609
97$3,020,096$0$0$1,644,219
98$3,203,005$0$0$1,745,344
99$3,400,629$0$0$1,854,686
100$3,614,345$0$0$1,973,017