Can I retire at age 75 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$81,340$80,616$79,909$79,219$78,545$76,491
2 years$40,268$39,518$38,791$38,086$37,403$35,347
3 years$26,578$25,825$25,100$24,402$23,730$21,737
4 years$19,735$18,984$18,267$17,580$16,924$15,010
5 years$15,630$14,884$14,176$13,503$12,866$11,035
6 years$12,895$12,154$11,456$10,799$10,180$8,435
7 years$10,941$10,207$9,520$8,878$8,279$6,619
8 years$9,477$8,749$8,074$7,448$6,868$5,293
9 years$8,339$7,618$6,954$6,344$5,784$4,292
10 years$7,429$6,715$6,063$5,468$4,928$3,518
11 years$6,684$5,978$5,337$4,759$4,239$2,907
12 years$6,065$5,365$4,737$4,174$3,673$2,419
13 years$5,541$4,849$4,232$3,685$3,203$2,023
14 years$5,092$4,407$3,802$3,271$2,808$1,699
15 years$4,704$4,026$3,433$2,918$2,472$1,433
16 years$4,364$3,694$3,113$2,612$2,185$1,211
17 years$4,065$3,402$2,832$2,347$1,937$1,027
18 years$3,799$3,143$2,586$2,115$1,723$872
19 years$3,561$2,913$2,367$1,911$1,535$742
20 years$3,348$2,707$2,172$1,731$1,371$632
21 years$3,155$2,522$1,998$1,571$1,227$539
22 years$2,980$2,354$1,842$1,428$1,100$460
23 years$2,820$2,202$1,700$1,301$987$394
24 years$2,674$2,063$1,573$1,187$888$337
25 years$2,539$1,936$1,456$1,084$799$288
26 years$2,416$1,819$1,351$991$719$247
27 years$2,301$1,712$1,254$907$649$211
28 years$2,195$1,613$1,166$831$585$181
29 years$2,097$1,522$1,085$762$528$155
30 years$2,005$1,437$1,011$699$477$133
31 years$1,919$1,359$942$642$432$114
32 years$1,839$1,286$879$590$391$98
33 years$1,764$1,218$821$543$353$84
34 years$1,693$1,154$767$499$320$72
35 years$1,627$1,095$717$460$290$62
36 years$1,564$1,039$671$423$263$53
37 years$1,505$987$628$390$238$46
38 years$1,450$938$588$360$216$39
39 years$1,397$892$551$332$196$34
40 years$1,347$848$516$306$177$29
41 years$1,299$808$484$282$161$25
42 years$1,254$769$454$260$146$21
43 years$1,211$733$426$240$133$18
44 years$1,170$698$400$222$120$16
45 years$1,131$666$376$205$109$14
46 years$1,094$635$353$189$99$12
47 years$1,059$606$331$175$90$10
48 years$1,025$579$311$162$82$9
49 years$993$553$293$149$74$7
50 years$962$528$275$138$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $985,000, adding $6,996 every year, while hoping to spend $56,903 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: 49/37/14 Blend
74$985,000$985,000$985,000$985,000
75$1,092,686$1,040,481$1,025,214$1,141,684
76$1,143,596$1,030,921$999,014$1,166,605
77$1,197,791$1,018,984$970,030$1,187,182
78$1,255,547$1,004,496$938,107$1,208,270
79$1,317,165$987,268$903,086$1,229,936
80$1,382,975$967,103$864,798$1,252,258
81$1,453,338$943,791$823,069$1,275,324
82$1,528,652$917,110$777,714$1,299,236
83$1,609,350$886,824$728,543$1,324,109
84$1,695,910$852,684$675,356$1,350,076
85$1,788,855$814,428$617,942$1,377,286
86$1,888,758$771,776$556,084$1,405,911
87$1,996,252$724,433$489,553$1,436,143
88$2,112,027$672,087$418,110$1,468,201
89$2,236,844$614,410$341,508$1,502,331
90$2,371,539$551,053$259,484$1,538,813
91$2,517,028$481,646$171,769$1,577,958
92$2,674,320$405,802$78,079$1,620,120
93$2,844,524$323,110$0$1,665,696
94$3,028,857$233,134$0$1,718,402
95$3,228,659$135,416$0$1,788,124
96$3,445,403$29,472$0$1,863,794
97$3,680,709$0$0$1,946,089
98$3,936,358$0$0$2,070,452
99$4,214,310$0$0$2,218,804
100$4,516,720$0$0$2,380,310