Can I retire at age 75 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$78,698$77,997$77,313$76,645$75,994$73,976
2 years$38,959$38,234$37,531$36,849$36,187$34,169
3 years$25,715$24,986$24,285$23,609$22,959$21,003
4 years$19,094$18,367$17,673$17,009$16,374$14,496
5 years$15,122$14,400$13,715$13,065$12,448$10,651
6 years$12,476$11,759$11,084$10,448$9,849$8,137
7 years$10,586$9,875$9,211$8,590$8,010$6,382
8 years$9,169$8,465$7,811$7,206$6,645$5,100
9 years$8,068$7,370$6,728$6,138$5,596$4,133
10 years$7,187$6,496$5,866$5,291$4,768$3,386
11 years$6,467$5,783$5,164$4,605$4,101$2,796
12 years$5,868$5,191$4,583$4,039$3,554$2,325
13 years$5,361$4,691$4,095$3,566$3,099$1,943
14 years$4,927$4,264$3,679$3,165$2,716$1,631
15 years$4,551$3,895$3,322$2,823$2,392$1,374
16 years$4,222$3,574$3,012$2,528$2,114$1,161
17 years$3,933$3,291$2,740$2,271$1,874$983
18 years$3,675$3,041$2,502$2,047$1,667$835
19 years$3,446$2,819$2,290$1,849$1,485$709
20 years$3,239$2,619$2,102$1,675$1,327$604
21 years$3,052$2,440$1,933$1,520$1,187$515
22 years$2,883$2,277$1,782$1,382$1,064$439
23 years$2,728$2,130$1,645$1,259$955$375
24 years$2,587$1,996$1,521$1,148$859$321
25 years$2,457$1,873$1,409$1,048$773$274
26 years$2,337$1,760$1,307$959$696$235
27 years$2,227$1,657$1,214$877$628$201
28 years$2,124$1,561$1,128$804$566$172
29 years$2,029$1,473$1,050$737$511$147
30 years$1,940$1,391$978$677$462$126
31 years$1,857$1,315$912$621$418$108
32 years$1,779$1,244$851$571$378$93
33 years$1,707$1,178$794$525$342$80
34 years$1,638$1,117$742$483$310$68
35 years$1,574$1,059$694$445$280$59
36 years$1,514$1,005$649$410$254$50
37 years$1,456$955$607$377$230$43
38 years$1,402$907$569$348$209$37
39 years$1,351$863$533$321$189$32
40 years$1,303$821$500$296$172$27
41 years$1,257$781$468$273$156$23
42 years$1,213$744$439$252$141$20
43 years$1,172$709$412$233$128$17
44 years$1,132$676$387$215$116$15
45 years$1,095$644$363$198$106$13
46 years$1,059$615$341$183$96$11
47 years$1,024$587$321$169$87$9
48 years$992$560$301$156$79$8
49 years$960$535$283$145$72$7
50 years$930$511$266$134$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $953,000, adding $5,547 every year, while hoping to spend $52,559 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: 54/21/25 Blend
74$953,000$953,000$953,000$953,000
75$1,055,928$1,005,419$990,647$1,105,382
76$1,107,710$998,762$967,912$1,133,401
77$1,163,012$990,017$942,653$1,157,988
78$1,222,139$979,027$914,731$1,183,672
79$1,285,422$965,624$883,999$1,210,575
80$1,353,226$949,631$850,304$1,238,838
81$1,425,952$930,860$813,487$1,268,615
82$1,504,040$909,113$773,379$1,300,082
83$1,587,970$884,178$729,805$1,333,432
84$1,678,273$855,832$682,583$1,368,886
85$1,775,529$823,840$631,522$1,406,687
86$1,880,376$787,951$576,421$1,447,108
87$1,993,515$747,902$517,072$1,490,456
88$2,115,718$703,413$453,258$1,537,070
89$2,247,828$654,188$384,750$1,587,330
90$2,390,778$599,914$311,310$1,641,661
91$2,545,590$540,262$232,691$1,700,532
92$2,713,387$474,882$148,633$1,764,471
93$2,895,406$403,405$58,866$1,834,061
94$3,093,006$325,441$0$1,909,953
95$3,307,684$240,578$0$2,002,721
96$3,541,083$148,381$0$2,120,716
97$3,795,013$48,392$0$2,249,193
98$4,071,465$0$0$2,389,230
99$4,372,630$0$0$2,555,853
100$4,700,919$0$0$2,749,756