Can I retire at age 75 with 949,000?

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 $949,000?

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$78,368$77,669$76,988$76,324$75,675$73,223
2 years$38,796$38,073$37,373$36,694$36,036$33,588
3 years$25,607$24,881$24,183$23,510$22,862$20,497
4 years$19,014$18,290$17,599$16,938$16,306$14,040
5 years$15,059$14,340$13,657$13,010$12,395$10,235
6 years$12,423$11,710$11,037$10,404$9,808$7,755
7 years$10,541$9,834$9,172$8,554$7,977$6,031
8 years$9,131$8,429$7,779$7,176$6,617$4,777
9 years$8,034$7,339$6,700$6,112$5,573$3,837
10 years$7,157$6,469$5,841$5,269$4,748$3,113
11 years$6,440$5,759$5,142$4,585$4,084$2,546
12 years$5,843$5,169$4,564$4,022$3,539$2,096
13 years$5,338$4,671$4,077$3,551$3,086$1,734
14 years$4,906$4,246$3,663$3,152$2,705$1,441
15 years$4,532$3,879$3,308$2,811$2,382$1,201
16 years$4,204$3,559$2,999$2,517$2,105$1,004
17 years$3,916$3,278$2,729$2,261$1,866$841
18 years$3,660$3,029$2,491$2,038$1,660$706
19 years$3,431$2,807$2,280$1,842$1,479$593
20 years$3,225$2,608$2,093$1,668$1,321$499
21 years$3,039$2,430$1,925$1,514$1,182$421
22 years$2,871$2,268$1,774$1,376$1,060$355
23 years$2,717$2,121$1,638$1,253$951$299
24 years$2,576$1,987$1,515$1,143$855$253
25 years$2,447$1,865$1,403$1,044$769$214
26 years$2,327$1,753$1,301$955$693$181
27 years$2,217$1,650$1,209$874$625$153
28 years$2,115$1,554$1,123$801$564$129
29 years$2,020$1,466$1,045$734$509$109
30 years$1,932$1,385$974$674$460$93
31 years$1,849$1,309$908$619$416$78
32 years$1,772$1,239$847$569$376$66
33 years$1,700$1,173$791$523$340$56
34 years$1,632$1,112$739$481$308$48
35 years$1,568$1,055$691$443$279$40
36 years$1,507$1,001$646$408$253$34
37 years$1,450$951$605$376$229$29
38 years$1,397$903$566$346$208$25
39 years$1,346$859$531$319$189$21
40 years$1,297$817$497$295$171$18
41 years$1,252$778$466$272$155$15
42 years$1,208$741$438$251$141$13
43 years$1,167$706$411$232$128$11
44 years$1,128$673$385$214$116$9
45 years$1,090$642$362$197$105$8
46 years$1,054$612$340$182$96$7
47 years$1,020$584$319$169$87$6
48 years$988$558$300$156$79$5
49 years$956$533$282$144$72$4
50 years$927$509$265$133$65$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $949,000, adding $5,762 every year, while hoping to spend $20,392 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: 56/39/5 Blend
74$949,000$949,000$949,000$949,000
75$1,051,742$1,001,445$986,735$1,109,278
76$1,137,322$1,028,818$998,094$1,176,031
77$1,230,949$1,056,850$1,009,149$1,245,902
78$1,333,420$1,085,550$1,019,871$1,321,490
79$1,445,616$1,114,930$1,030,224$1,403,340
80$1,568,507$1,144,999$1,040,174$1,492,052
81$1,703,158$1,175,767$1,049,683$1,588,287
82$1,850,746$1,207,245$1,058,713$1,692,773
83$2,012,564$1,239,443$1,067,222$1,806,311
84$2,190,039$1,272,369$1,075,167$1,929,781
85$2,384,740$1,306,032$1,082,502$2,064,154
86$2,598,397$1,340,441$1,089,180$2,210,499
87$2,832,915$1,375,604$1,095,149$2,369,991
88$3,090,393$1,411,529$1,100,357$2,543,927
89$3,373,142$1,448,223$1,104,748$2,733,733
90$3,683,708$1,485,692$1,108,263$2,940,980
91$4,024,897$1,523,942$1,110,841$3,167,399
92$4,399,799$1,562,978$1,112,416$3,414,894
93$4,811,819$1,602,804$1,112,922$3,685,567
94$5,264,706$1,643,423$1,112,287$3,981,728
95$5,762,594$1,684,838$1,110,437$4,305,925
96$6,310,034$1,727,051$1,107,292$4,660,965
97$6,912,043$1,770,061$1,102,771$5,049,937
98$7,574,145$1,813,868$1,096,788$5,476,249
99$8,302,429$1,858,470$1,089,252$5,943,650
100$9,103,604$1,903,862$1,080,069$6,456,276