Can I retire at age 75 with 944,000?

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 $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%18.2%
1 years$77,955$77,260$76,583$75,922$75,276$72,779
2 years$38,591$37,873$37,176$36,501$35,846$33,354
3 years$25,472$24,750$24,055$23,386$22,742$20,334
4 years$18,914$18,194$17,506$16,849$16,220$13,914
5 years$14,980$14,264$13,586$12,941$12,330$10,133
6 years$12,358$11,648$10,979$10,349$9,756$7,669
7 years$10,486$9,782$9,124$8,509$7,934$5,957
8 years$9,082$8,385$7,738$7,138$6,582$4,714
9 years$7,992$7,301$6,664$6,080$5,543$3,781
10 years$7,119$6,435$5,810$5,241$4,723$3,064
11 years$6,406$5,729$5,115$4,561$4,062$2,503
12 years$5,812$5,142$4,540$4,001$3,520$2,058
13 years$5,310$4,647$4,056$3,532$3,070$1,700
14 years$4,880$4,224$3,644$3,135$2,691$1,411
15 years$4,508$3,858$3,290$2,796$2,369$1,174
16 years$4,182$3,540$2,983$2,504$2,094$980
17 years$3,895$3,260$2,714$2,250$1,857$820
18 years$3,641$3,013$2,478$2,027$1,651$687
19 years$3,413$2,792$2,268$1,832$1,471$577
20 years$3,208$2,595$2,082$1,659$1,314$485
21 years$3,023$2,417$1,915$1,506$1,176$408
22 years$2,856$2,256$1,765$1,369$1,054$343
23 years$2,703$2,110$1,630$1,247$946$289
24 years$2,562$1,977$1,507$1,137$851$244
25 years$2,434$1,855$1,396$1,039$765$206
26 years$2,315$1,744$1,295$950$689$174
27 years$2,206$1,641$1,202$869$622$147
28 years$2,104$1,546$1,118$796$561$124
29 years$2,010$1,459$1,040$730$506$105
30 years$1,922$1,378$969$670$458$88
31 years$1,839$1,302$903$616$414$75
32 years$1,763$1,232$843$566$374$63
33 years$1,691$1,167$787$520$339$53
34 years$1,623$1,106$735$479$307$45
35 years$1,559$1,049$687$441$278$38
36 years$1,499$996$643$406$252$32
37 years$1,443$946$602$374$228$27
38 years$1,389$899$564$345$207$23
39 years$1,339$855$528$318$188$20
40 years$1,291$813$495$293$170$17
41 years$1,245$774$464$270$154$14
42 years$1,202$737$435$250$140$12
43 years$1,161$702$408$230$127$10
44 years$1,122$669$383$213$115$8
45 years$1,084$638$360$196$105$7
46 years$1,049$609$338$181$95$6
47 years$1,015$581$318$168$86$5
48 years$982$555$298$155$78$4
49 years$951$530$281$143$71$4
50 years$922$506$264$132$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $944,000, adding $6,792 every year, while hoping to spend $52,320 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: 61/17/22 Blend
74$944,000$944,000$944,000$944,000
75$1,047,294$997,262$982,630$1,104,728
76$1,098,450$990,460$959,880$1,137,614
77$1,153,070$981,571$934,614$1,167,138
78$1,211,453$970,437$906,694$1,198,191
79$1,273,925$956,892$875,972$1,230,931
80$1,340,845$940,759$842,296$1,265,532
81$1,412,605$921,851$805,507$1,302,188
82$1,489,637$899,968$765,438$1,341,118
83$1,572,414$874,901$721,914$1,382,560
84$1,661,456$846,426$674,754$1,426,785
85$1,757,333$814,310$623,767$1,474,090
86$1,860,671$778,301$568,753$1,524,807
87$1,972,158$738,136$509,505$1,579,304
88$2,092,551$693,538$445,806$1,637,989
89$2,222,679$644,209$377,429$1,701,319
90$2,363,457$589,839$304,136$1,769,796
91$2,515,886$530,098$225,682$1,843,982
92$2,681,071$464,638$141,807$1,924,496
93$2,860,225$393,090$52,242$2,012,027
94$3,054,681$315,065$0$2,107,340
95$3,265,908$230,152$0$2,221,454
96$3,495,518$137,917$0$2,358,882
97$3,745,289$37,903$0$2,508,460
98$4,017,172$0$0$2,671,413
99$4,313,318$0$0$2,862,261
100$4,636,093$0$0$3,078,064