Can I retire at age 75 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$79,358$78,652$77,962$77,289$76,631$75,737
2 years$39,286$38,555$37,846$37,158$36,491$35,591
3 years$25,931$25,196$24,489$23,808$23,152$22,273
4 years$19,254$18,522$17,821$17,152$16,512$15,662
5 years$15,249$14,521$13,830$13,174$12,552$11,734
6 years$12,580$11,858$11,177$10,536$9,932$9,146
7 years$10,675$9,958$9,288$8,662$8,077$7,324
8 years$9,246$8,536$7,877$7,266$6,701$5,980
9 years$8,135$7,432$6,784$6,189$5,643$4,955
10 years$7,248$6,551$5,915$5,335$4,808$4,152
11 years$6,522$5,832$5,207$4,643$4,135$3,510
12 years$5,917$5,234$4,621$4,073$3,584$2,989
13 years$5,406$4,730$4,129$3,596$3,125$2,560
14 years$4,968$4,300$3,710$3,192$2,739$2,204
15 years$4,589$3,928$3,349$2,847$2,412$1,904
16 years$4,258$3,604$3,037$2,549$2,132$1,652
17 years$3,966$3,319$2,763$2,290$1,890$1,436
18 years$3,706$3,067$2,523$2,064$1,681$1,252
19 years$3,474$2,842$2,309$1,865$1,498$1,094
20 years$3,266$2,641$2,119$1,689$1,338$958
21 years$3,078$2,460$1,949$1,533$1,197$840
22 years$2,907$2,297$1,797$1,394$1,073$737
23 years$2,751$2,148$1,659$1,269$963$648
24 years$2,609$2,012$1,534$1,158$866$570
25 years$2,478$1,889$1,421$1,057$779$502
26 years$2,357$1,775$1,318$967$702$442
27 years$2,245$1,670$1,224$885$633$390
28 years$2,142$1,574$1,138$811$571$344
29 years$2,046$1,485$1,059$743$516$304
30 years$1,956$1,402$986$682$466$269
31 years$1,873$1,326$919$627$421$237
32 years$1,794$1,254$858$576$381$210
33 years$1,721$1,188$801$530$345$186
34 years$1,652$1,126$748$487$312$164
35 years$1,587$1,068$700$449$283$145
36 years$1,526$1,014$654$413$256$129
37 years$1,469$963$613$381$232$114
38 years$1,414$915$574$351$211$101
39 years$1,363$870$537$323$191$89
40 years$1,314$828$504$298$173$79
41 years$1,268$788$472$275$157$70
42 years$1,223$750$443$254$143$62
43 years$1,182$715$416$235$129$55
44 years$1,142$681$390$217$117$49
45 years$1,104$650$366$200$107$43
46 years$1,068$620$344$185$97$38
47 years$1,033$592$323$171$88$34
48 years$1,000$565$304$158$80$30
49 years$968$539$286$146$72$27
50 years$938$515$269$135$66$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $961,000, adding $5,712 every year, while hoping to spend $46,037 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: 46/44/10 Blend
74$961,000$961,000$961,000$961,000
75$1,064,914$1,013,981$999,085$1,110,671
76$1,124,552$1,014,683$983,572$1,143,566
77$1,188,730$1,013,876$965,995$1,174,021
78$1,257,863$1,011,439$946,239$1,206,013
79$1,332,406$1,007,240$924,179$1,239,701
80$1,412,859$1,001,142$899,686$1,275,259
81$1,499,771$992,999$872,626$1,312,887
82$1,593,747$982,655$842,858$1,352,803
83$1,695,449$969,945$810,234$1,395,254
84$1,805,608$954,695$774,600$1,440,512
85$1,925,026$936,721$735,794$1,488,883
86$2,054,584$915,826$693,649$1,540,705
87$2,195,254$891,804$647,989$1,596,358
88$2,348,102$864,434$598,628$1,656,261
89$2,514,301$833,484$545,375$1,720,882
90$2,695,143$798,709$488,029$1,790,743
91$2,892,050$759,847$426,380$1,866,422
92$3,106,584$716,625$360,208$1,948,561
93$3,340,466$668,750$289,286$2,037,876
94$3,595,590$615,915$213,374$2,135,159
95$3,874,040$557,795$132,222$2,241,292
96$4,178,111$494,045$45,570$2,357,252
97$4,510,328$424,303$0$2,484,123
98$4,873,471$348,184$0$2,628,113
99$5,270,603$265,282$0$2,791,067
100$5,705,093$175,170$0$2,969,627