Can I retire at age 75 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$81,093$80,370$79,666$78,978$78,306$77,136
2 years$40,145$39,397$38,673$37,970$37,289$36,112
3 years$26,497$25,747$25,024$24,328$23,657$22,512
4 years$19,675$18,926$18,211$17,527$16,873$15,766
5 years$15,583$14,839$14,132$13,462$12,826$11,762
6 years$12,855$12,117$11,421$10,766$10,149$9,129
7 years$10,908$10,176$9,491$8,851$8,254$7,278
8 years$9,448$8,722$8,049$7,425$6,847$5,915
9 years$8,313$7,594$6,933$6,325$5,767$4,878
10 years$7,406$6,694$6,044$5,452$4,913$4,067
11 years$6,664$5,959$5,321$4,745$4,226$3,422
12 years$6,046$5,349$4,722$4,162$3,662$2,899
13 years$5,524$4,834$4,219$3,674$3,193$2,470
14 years$5,077$4,394$3,791$3,262$2,799$2,115
15 years$4,689$4,014$3,423$2,909$2,465$1,818
16 years$4,351$3,683$3,103$2,604$2,178$1,568
17 years$4,052$3,392$2,824$2,340$1,931$1,356
18 years$3,787$3,134$2,578$2,109$1,717$1,175
19 years$3,550$2,904$2,360$1,906$1,531$1,021
20 years$3,338$2,699$2,166$1,726$1,367$888
21 years$3,145$2,514$1,992$1,566$1,223$774
22 years$2,971$2,347$1,836$1,424$1,097$675
23 years$2,811$2,195$1,695$1,297$984$590
24 years$2,666$2,056$1,568$1,183$885$516
25 years$2,532$1,930$1,452$1,080$796$451
26 years$2,408$1,814$1,347$988$717$395
27 years$2,294$1,707$1,251$904$647$346
28 years$2,189$1,608$1,163$828$583$304
29 years$2,090$1,517$1,082$760$527$267
30 years$1,999$1,433$1,008$697$476$234
31 years$1,913$1,355$939$640$430$205
32 years$1,834$1,282$877$588$389$180
33 years$1,759$1,214$818$541$352$158
34 years$1,688$1,150$765$498$319$139
35 years$1,622$1,091$715$458$289$122
36 years$1,560$1,036$669$422$262$108
37 years$1,501$984$626$389$237$95
38 years$1,445$935$586$358$215$83
39 years$1,392$889$549$331$195$73
40 years$1,343$846$515$305$177$64
41 years$1,295$805$483$281$161$57
42 years$1,250$767$453$260$146$50
43 years$1,207$731$425$240$132$44
44 years$1,167$696$399$221$120$39
45 years$1,128$664$374$204$109$34
46 years$1,091$633$352$189$99$30
47 years$1,056$605$330$174$90$26
48 years$1,022$577$311$161$82$23
49 years$990$551$292$149$74$20
50 years$959$526$274$138$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $982,000, adding $3,309 every year, while hoping to spend $40,159 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: 32/48/20 Blend
74$982,000$982,000$982,000$982,000
75$1,085,577$1,033,531$1,018,310$1,113,492
76$1,153,577$1,041,445$1,009,695$1,142,576
77$1,227,167$1,048,401$999,445$1,169,995
78$1,306,875$1,054,310$987,463$1,198,689
79$1,393,281$1,059,076$973,648$1,228,793
80$1,487,023$1,062,598$957,892$1,260,460
81$1,588,804$1,064,769$940,086$1,293,860
82$1,699,394$1,065,475$920,111$1,329,184
83$1,819,643$1,064,594$897,845$1,366,645
84$1,950,485$1,061,998$873,161$1,406,481
85$2,092,948$1,057,549$845,926$1,448,958
86$2,248,162$1,051,103$815,999$1,494,373
87$2,417,374$1,042,506$783,233$1,543,058
88$2,601,952$1,031,594$747,477$1,595,381
89$2,803,404$1,018,195$708,571$1,651,755
90$3,023,389$1,002,125$666,346$1,712,638
91$3,263,736$983,190$620,629$1,778,541
92$3,526,454$961,184$571,238$1,850,031
93$3,813,759$935,889$517,981$1,927,740
94$4,128,089$907,074$460,660$2,012,371
95$4,472,128$874,494$399,066$2,104,705
96$4,848,833$837,892$332,983$2,205,610
97$5,261,459$796,994$262,183$2,316,048
98$5,713,591$751,510$186,429$2,437,090
99$6,209,178$701,135$105,475$2,569,923
100$6,752,568$645,544$19,062$2,715,864