Can I retire at age 75 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$81,010$80,288$79,584$78,897$78,226$76,773
2 years$40,104$39,357$38,633$37,931$37,251$35,791
3 years$26,470$25,720$24,998$24,303$23,633$22,214
4 years$19,655$18,907$18,192$17,509$16,855$15,487
5 years$15,567$14,823$14,118$13,449$12,813$11,500
6 years$12,842$12,104$11,409$10,755$10,139$8,882
7 years$10,897$10,165$9,481$8,842$8,245$7,045
8 years$9,438$8,714$8,041$7,418$6,840$5,696
9 years$8,305$7,587$6,926$6,318$5,761$4,672
10 years$7,398$6,687$6,038$5,446$4,908$3,875
11 years$6,657$5,953$5,316$4,740$4,221$3,241
12 years$6,040$5,343$4,718$4,157$3,658$2,730
13 years$5,518$4,829$4,215$3,670$3,190$2,312
14 years$5,071$4,389$3,787$3,258$2,796$1,968
15 years$4,684$4,010$3,419$2,906$2,462$1,681
16 years$4,346$3,679$3,100$2,602$2,176$1,441
17 years$4,048$3,388$2,821$2,338$1,929$1,238
18 years$3,783$3,131$2,575$2,107$1,716$1,066
19 years$3,547$2,902$2,357$1,904$1,529$920
20 years$3,334$2,696$2,163$1,724$1,366$795
21 years$3,142$2,511$1,990$1,565$1,222$688
22 years$2,968$2,344$1,834$1,423$1,096$596
23 years$2,808$2,193$1,693$1,296$983$517
24 years$2,663$2,054$1,566$1,182$884$449
25 years$2,529$1,928$1,451$1,079$795$390
26 years$2,406$1,812$1,345$987$716$339
27 years$2,292$1,705$1,249$903$646$295
28 years$2,186$1,607$1,161$828$583$257
29 years$2,088$1,516$1,081$759$526$224
30 years$1,997$1,432$1,007$696$476$195
31 years$1,912$1,353$938$640$430$170
32 years$1,832$1,280$876$588$389$148
33 years$1,757$1,213$818$541$352$129
34 years$1,687$1,149$764$497$319$113
35 years$1,620$1,090$714$458$289$98
36 years$1,558$1,035$668$422$262$86
37 years$1,499$983$625$389$237$75
38 years$1,444$934$586$358$215$65
39 years$1,391$888$549$330$195$57
40 years$1,341$845$514$305$177$50
41 years$1,294$804$482$281$160$43
42 years$1,249$766$452$259$146$38
43 years$1,206$730$424$239$132$33
44 years$1,166$696$398$221$120$29
45 years$1,127$663$374$204$109$25
46 years$1,090$633$351$189$99$22
47 years$1,055$604$330$174$90$19
48 years$1,021$577$310$161$81$17
49 years$989$551$292$149$74$15
50 years$958$526$274$138$67$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $981,000, adding $6,919 every year, while hoping to spend $46,034 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: 49/41/10 Blend
74$981,000$981,000$981,000$981,000
75$1,088,199$1,036,206$1,021,000$1,138,264
76$1,150,215$1,038,000$1,006,224$1,175,116
77$1,217,015$1,038,340$989,410$1,209,708
78$1,289,036$1,037,104$970,441$1,246,223
79$1,366,762$1,034,166$949,195$1,284,855
80$1,450,723$1,029,391$925,544$1,325,818
81$1,541,501$1,022,636$899,354$1,369,353
82$1,639,736$1,013,748$870,485$1,415,724
83$1,746,134$1,002,566$838,791$1,465,228
84$1,861,467$988,919$804,117$1,518,193
85$1,986,586$972,626$766,305$1,574,985
86$2,122,428$953,495$725,187$1,636,009
87$2,270,022$931,322$680,587$1,701,716
88$2,430,501$905,893$632,323$1,772,606
89$2,605,110$876,980$580,203$1,849,233
90$2,795,220$844,341$524,029$1,932,215
91$3,002,339$807,720$463,591$2,022,234
92$3,228,128$766,849$398,671$2,120,048
93$3,474,413$721,440$329,043$2,226,497
94$3,743,205$671,193$254,468$2,342,513
95$4,036,718$615,787$174,698$2,469,128
96$4,357,388$554,885$89,475$2,607,487
97$4,707,897$488,130$0$2,758,855
98$5,091,198$415,145$0$2,924,795
99$5,510,544$335,531$0$3,116,901
100$5,969,515$248,867$0$3,327,368