Can I retire at age 75 with 944,000?

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 $944,000?

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$77,955$77,260$76,583$75,922$75,276$73,968
2 years$38,591$37,873$37,176$36,501$35,846$34,532
3 years$25,472$24,750$24,055$23,386$22,742$21,464
4 years$18,914$18,194$17,506$16,849$16,220$14,987
5 years$14,980$14,264$13,586$12,941$12,330$11,146
6 years$12,358$11,648$10,979$10,349$9,756$8,622
7 years$10,486$9,782$9,124$8,509$7,934$6,851
8 years$9,082$8,385$7,738$7,138$6,582$5,549
9 years$7,992$7,301$6,664$6,080$5,543$4,559
10 years$7,119$6,435$5,810$5,241$4,723$3,788
11 years$6,406$5,729$5,115$4,561$4,062$3,175
12 years$5,812$5,142$4,540$4,001$3,520$2,679
13 years$5,310$4,647$4,056$3,532$3,070$2,274
14 years$4,880$4,224$3,644$3,135$2,691$1,939
15 years$4,508$3,858$3,290$2,796$2,369$1,660
16 years$4,182$3,540$2,983$2,504$2,094$1,425
17 years$3,895$3,260$2,714$2,250$1,857$1,227
18 years$3,641$3,013$2,478$2,027$1,651$1,059
19 years$3,413$2,792$2,268$1,832$1,471$916
20 years$3,208$2,595$2,082$1,659$1,314$794
21 years$3,023$2,417$1,915$1,506$1,176$689
22 years$2,856$2,256$1,765$1,369$1,054$598
23 years$2,703$2,110$1,630$1,247$946$520
24 years$2,562$1,977$1,507$1,137$851$453
25 years$2,434$1,855$1,396$1,039$765$394
26 years$2,315$1,744$1,295$950$689$344
27 years$2,206$1,641$1,202$869$622$300
28 years$2,104$1,546$1,118$796$561$261
29 years$2,010$1,459$1,040$730$506$228
30 years$1,922$1,378$969$670$458$199
31 years$1,839$1,302$903$616$414$174
32 years$1,763$1,232$843$566$374$152
33 years$1,691$1,167$787$520$339$133
34 years$1,623$1,106$735$479$307$116
35 years$1,559$1,049$687$441$278$102
36 years$1,499$996$643$406$252$89
37 years$1,443$946$602$374$228$78
38 years$1,389$899$564$345$207$68
39 years$1,339$855$528$318$188$60
40 years$1,291$813$495$293$170$52
41 years$1,245$774$464$270$154$46
42 years$1,202$737$435$250$140$40
43 years$1,161$702$408$230$127$35
44 years$1,122$669$383$213$115$31
45 years$1,084$638$360$196$105$27
46 years$1,049$609$338$181$95$23
47 years$1,015$581$318$168$86$21
48 years$982$555$298$155$78$18
49 years$951$530$281$143$71$16
50 years$922$506$264$132$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $944,000, adding $4,786 every year, while hoping to spend $38,295 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: 30/43/27 Blend
74$944,000$944,000$944,000$944,000
75$1,045,225$995,193$980,561$1,067,774
76$1,111,092$1,003,212$972,664$1,093,737
77$1,182,394$1,010,340$963,219$1,117,967
78$1,259,646$1,016,494$952,134$1,143,269
79$1,343,411$1,021,583$939,312$1,169,763
80$1,434,312$1,025,514$924,652$1,197,582
81$1,533,031$1,028,183$908,047$1,226,878
82$1,640,321$1,029,485$889,388$1,257,819
83$1,757,009$1,029,305$868,557$1,290,596
84$1,884,004$1,027,521$845,434$1,325,421
85$2,022,308$1,024,005$819,892$1,362,530
86$2,173,022$1,018,620$791,797$1,402,190
87$2,337,359$1,011,221$761,010$1,444,698
88$2,516,653$1,001,654$727,387$1,490,384
89$2,712,372$989,756$690,776$1,539,619
90$2,926,134$975,354$651,017$1,592,815
91$3,159,719$958,265$607,945$1,650,431
92$3,415,085$938,295$561,386$1,712,979
93$3,694,391$915,239$511,159$1,781,030
94$4,000,011$888,878$457,075$1,855,218
95$4,334,561$858,982$398,937$1,936,248
96$4,700,922$825,308$336,537$2,024,905
97$5,102,265$787,597$269,660$2,122,062
98$5,542,083$745,576$198,080$2,228,688
99$6,024,224$698,958$121,564$2,345,858
100$6,552,923$647,435$39,865$2,474,767