Can I retire at age 75 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$78,450$77,751$77,070$76,404$75,754$75,120
2 years$38,837$38,113$37,412$36,733$36,073$35,434
3 years$25,634$24,908$24,208$23,535$22,887$22,262
4 years$19,034$18,310$17,617$16,956$16,323$15,718
5 years$15,075$14,355$13,672$13,024$12,408$11,825
6 years$12,436$11,722$11,049$10,415$9,818$9,257
7 years$10,552$9,844$9,182$8,563$7,985$7,446
8 years$9,140$8,438$7,787$7,183$6,624$6,107
9 years$8,042$7,347$6,707$6,118$5,579$5,084
10 years$7,165$6,476$5,847$5,274$4,753$4,281
11 years$6,447$5,765$5,148$4,590$4,088$3,637
12 years$5,849$5,175$4,568$4,026$3,543$3,113
13 years$5,344$4,676$4,082$3,554$3,089$2,680
14 years$4,911$4,251$3,667$3,155$2,708$2,319
15 years$4,536$3,883$3,311$2,814$2,384$2,015
16 years$4,209$3,563$3,002$2,520$2,107$1,757
17 years$3,920$3,281$2,732$2,264$1,868$1,537
18 years$3,664$3,032$2,494$2,040$1,661$1,347
19 years$3,435$2,810$2,283$1,843$1,481$1,184
20 years$3,229$2,611$2,095$1,670$1,323$1,043
21 years$3,043$2,432$1,927$1,515$1,184$919
22 years$2,874$2,270$1,776$1,378$1,061$812
23 years$2,720$2,123$1,640$1,255$952$718
24 years$2,579$1,989$1,517$1,144$856$636
25 years$2,449$1,867$1,405$1,045$770$563
26 years$2,330$1,755$1,303$956$694$500
27 years$2,220$1,651$1,210$875$626$444
28 years$2,117$1,556$1,125$801$564$394
29 years$2,022$1,468$1,047$735$510$350
30 years$1,934$1,386$975$674$461$311
31 years$1,851$1,311$909$619$416$277
32 years$1,774$1,240$848$569$377$246
33 years$1,701$1,174$792$523$341$219
34 years$1,633$1,113$740$482$309$195
35 years$1,569$1,056$692$443$280$174
36 years$1,509$1,002$647$408$253$155
37 years$1,452$952$606$376$230$138
38 years$1,398$904$567$347$208$123
39 years$1,347$860$531$320$189$110
40 years$1,299$818$498$295$171$98
41 years$1,253$779$467$272$155$87
42 years$1,209$742$438$251$141$78
43 years$1,168$707$411$232$128$69
44 years$1,129$674$386$214$116$62
45 years$1,091$642$362$198$105$55
46 years$1,055$613$340$183$96$49
47 years$1,021$585$320$169$87$44
48 years$989$558$300$156$79$39
49 years$957$533$282$144$72$35
50 years$928$509$265$133$65$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $950,000, adding $4,209 every year, while hoping to spend $51,150 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: 68/17/15 Blend
74$950,000$950,000$950,000$950,000
75$1,051,242$1,000,892$986,167$1,118,769
76$1,104,045$995,512$964,780$1,158,923
77$1,160,520$988,155$940,963$1,196,381
78$1,220,987$978,668$914,579$1,236,057
79$1,285,798$966,893$885,487$1,278,165
80$1,355,338$952,660$853,540$1,322,940
81$1,430,030$935,788$818,581$1,370,644
82$1,510,339$916,087$780,450$1,421,565
83$1,596,775$893,357$738,976$1,476,024
84$1,689,897$867,382$693,982$1,534,375
85$1,790,321$837,938$645,285$1,597,010
86$1,898,721$804,784$592,689$1,664,363
87$2,015,840$767,669$535,994$1,736,913
88$2,142,495$726,323$474,989$1,815,191
89$2,279,580$680,464$409,452$1,899,786
90$2,428,083$629,792$339,155$1,991,346
91$2,589,087$573,991$263,856$2,090,590
92$2,763,783$512,726$183,304$2,198,314
93$2,953,483$445,644$97,238$2,315,395
94$3,159,627$372,369$5,385$2,442,805
95$3,383,802$292,509$0$2,581,618
96$3,627,753$205,644$0$2,747,848
97$3,893,398$111,336$0$2,929,864
98$4,182,852$9,118$0$3,128,302
99$4,498,438$0$0$3,344,818
100$4,842,715$0$0$3,600,223