Can I retire at age 75 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$79,771$79,061$78,368$77,691$77,030$76,706
2 years$39,491$38,755$38,043$37,351$36,681$36,353
3 years$26,066$25,327$24,616$23,931$23,272$22,951
4 years$19,354$18,618$17,914$17,241$16,598$16,287
5 years$15,329$14,597$13,902$13,243$12,617$12,317
6 years$12,646$11,919$11,235$10,590$9,984$9,694
7 years$10,730$10,010$9,336$8,707$8,119$7,840
8 years$9,294$8,580$7,918$7,304$6,736$6,468
9 years$8,178$7,471$6,820$6,221$5,673$5,416
10 years$7,285$6,585$5,946$5,363$4,833$4,587
11 years$6,555$5,862$5,234$4,667$4,157$3,921
12 years$5,948$5,262$4,645$4,094$3,602$3,377
13 years$5,434$4,755$4,150$3,614$3,141$2,926
14 years$4,994$4,322$3,729$3,208$2,754$2,549
15 years$4,613$3,948$3,367$2,861$2,424$2,229
16 years$4,280$3,623$3,053$2,562$2,143$1,957
17 years$3,986$3,336$2,778$2,302$1,900$1,724
18 years$3,725$3,083$2,536$2,075$1,689$1,522
19 years$3,493$2,857$2,321$1,874$1,506$1,347
20 years$3,283$2,655$2,130$1,698$1,345$1,195
21 years$3,094$2,473$1,960$1,541$1,204$1,061
22 years$2,922$2,308$1,806$1,401$1,079$944
23 years$2,766$2,159$1,668$1,276$968$842
24 years$2,622$2,023$1,542$1,164$870$751
25 years$2,490$1,898$1,428$1,063$783$670
26 years$2,369$1,784$1,325$972$706$599
27 years$2,257$1,679$1,230$889$636$536
28 years$2,153$1,582$1,144$815$574$480
29 years$2,056$1,493$1,064$747$518$430
30 years$1,966$1,410$991$686$468$385
31 years$1,882$1,333$924$630$423$346
32 years$1,804$1,261$862$579$383$310
33 years$1,730$1,194$805$532$347$278
34 years$1,661$1,132$752$490$314$250
35 years$1,596$1,073$703$451$284$225
36 years$1,534$1,019$658$415$258$202
37 years$1,476$968$616$383$233$181
38 years$1,422$920$577$353$212$163
39 years$1,370$874$540$325$192$147
40 years$1,321$832$506$300$174$132
41 years$1,274$792$475$277$158$119
42 years$1,230$754$445$255$143$107
43 years$1,188$719$418$236$130$96
44 years$1,148$685$392$218$118$86
45 years$1,110$653$368$201$107$78
46 years$1,073$623$346$186$97$70
47 years$1,038$595$325$172$88$63
48 years$1,005$568$305$159$80$57
49 years$974$542$287$146$73$51
50 years$943$518$270$135$66$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $966,000, adding $3,081 every year, while hoping to spend $25,628 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: 55/17/28 Blend
74$966,000$966,000$966,000$966,000
75$1,067,710$1,016,512$1,001,539$1,118,004
76$1,149,348$1,039,053$1,007,823$1,175,571
77$1,238,455$1,061,840$1,013,458$1,235,336
78$1,335,765$1,084,857$1,018,396$1,299,914
79$1,442,086$1,108,088$1,022,585$1,369,778
80$1,558,309$1,131,515$1,025,972$1,445,448
81$1,685,415$1,155,117$1,028,500$1,527,499
82$1,824,482$1,178,873$1,030,110$1,616,564
83$1,976,699$1,202,758$1,030,739$1,713,341
84$2,143,376$1,226,747$1,030,322$1,818,600
85$2,325,953$1,250,810$1,028,790$1,933,189
86$2,526,017$1,274,916$1,026,072$2,058,044
87$2,745,316$1,299,033$1,022,091$2,194,196
88$2,985,776$1,323,123$1,016,768$2,342,784
89$3,249,516$1,347,147$1,010,021$2,505,061
90$3,538,873$1,371,063$1,001,763$2,682,410
91$3,856,418$1,394,825$991,902$2,876,355
92$4,204,984$1,418,384$980,342$3,088,579
93$4,587,694$1,441,686$966,985$3,320,933
94$5,007,985$1,464,674$951,725$3,575,463
95$5,469,644$1,487,288$934,453$3,854,420
96$5,976,844$1,509,462$915,054$4,160,288
97$6,534,182$1,531,125$893,407$4,495,808
98$7,146,720$1,552,202$869,388$4,863,997
99$7,820,038$1,572,612$842,865$5,268,185
100$8,560,282$1,592,270$813,701$5,712,042