Can I retire at age 75 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$80,184$79,470$78,773$78,093$77,429$77,038
2 years$39,695$38,956$38,239$37,545$36,871$36,476
3 years$26,201$25,458$24,743$24,055$23,392$23,006
4 years$19,455$18,714$18,007$17,330$16,684$16,309
5 years$15,408$14,672$13,974$13,311$12,683$12,321
6 years$12,711$11,981$11,293$10,645$10,035$9,687
7 years$10,786$10,062$9,385$8,752$8,161$7,826
8 years$9,342$8,625$7,959$7,342$6,771$6,449
9 years$8,220$7,509$6,855$6,254$5,702$5,393
10 years$7,323$6,619$5,976$5,391$4,858$4,563
11 years$6,589$5,893$5,261$4,692$4,178$3,896
12 years$5,979$5,289$4,669$4,115$3,621$3,351
13 years$5,462$4,780$4,172$3,633$3,157$2,900
14 years$5,020$4,345$3,748$3,225$2,768$2,523
15 years$4,637$3,969$3,384$2,876$2,437$2,204
16 years$4,302$3,641$3,068$2,575$2,154$1,932
17 years$4,007$3,354$2,792$2,314$1,910$1,699
18 years$3,745$3,099$2,549$2,085$1,698$1,498
19 years$3,511$2,872$2,333$1,884$1,513$1,324
20 years$3,300$2,669$2,141$1,707$1,352$1,173
21 years$3,110$2,486$1,970$1,549$1,210$1,040
22 years$2,937$2,320$1,815$1,408$1,084$924
23 years$2,780$2,170$1,676$1,282$973$822
24 years$2,636$2,033$1,550$1,170$875$732
25 years$2,503$1,908$1,436$1,068$787$653
26 years$2,381$1,793$1,332$977$709$583
27 years$2,269$1,688$1,237$894$639$521
28 years$2,164$1,590$1,150$819$577$465
29 years$2,067$1,500$1,070$751$521$416
30 years$1,977$1,417$996$689$471$373
31 years$1,892$1,339$929$633$426$334
32 years$1,813$1,267$867$582$385$299
33 years$1,739$1,200$809$535$348$268
34 years$1,669$1,138$756$492$315$240
35 years$1,604$1,079$707$453$286$215
36 years$1,542$1,024$661$417$259$193
37 years$1,484$973$619$385$235$173
38 years$1,429$924$580$354$213$155
39 years$1,377$879$543$327$193$140
40 years$1,328$836$509$301$175$125
41 years$1,281$796$477$278$159$113
42 years$1,236$758$448$257$144$101
43 years$1,194$722$420$237$131$91
44 years$1,154$689$394$219$119$82
45 years$1,115$657$370$202$108$73
46 years$1,079$626$348$187$98$66
47 years$1,044$598$327$172$89$59
48 years$1,010$571$307$159$81$53
49 years$979$545$289$147$73$48
50 years$948$521$271$136$67$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $971,000, adding $4,410 every year, while hoping to spend $44,893 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: 62/13/25 Blend
74$971,000$971,000$971,000$971,000
75$1,074,591$1,023,128$1,008,077$1,133,835
76$1,136,433$1,025,495$994,082$1,176,875
77$1,203,079$1,026,474$978,114$1,218,535
78$1,274,971$1,025,949$960,058$1,263,038
79$1,352,594$1,023,797$939,796$1,310,670
80$1,436,484$1,019,889$917,205$1,361,746
81$1,527,228$1,014,085$892,153$1,416,614
82$1,625,470$1,006,240$864,505$1,475,661
83$1,731,920$996,199$834,119$1,539,313
84$1,847,360$983,795$800,845$1,608,042
85$1,972,645$968,856$764,528$1,682,372
86$2,108,721$951,196$725,006$1,762,880
87$2,256,624$930,619$682,107$1,850,203
88$2,417,497$906,916$635,656$1,945,049
89$2,592,597$879,870$585,465$2,048,198
90$2,783,305$849,247$531,341$2,160,512
91$2,991,142$814,800$473,081$2,282,946
92$3,217,782$776,269$410,473$2,416,552
93$3,465,069$733,379$343,297$2,562,495
94$3,735,030$685,839$271,321$2,722,062
95$4,029,897$633,339$194,304$2,896,674
96$4,352,128$575,554$111,995$3,087,900
97$4,704,430$512,140$24,131$3,297,475
98$5,089,780$442,734$0$3,527,313
99$5,511,458$366,949$0$3,798,106
100$5,973,078$284,380$0$4,101,689