Can I retire at age 75 with 986,000?

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 $986,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$81,423$80,698$79,990$79,299$78,625$77,934
2 years$40,308$39,558$38,830$38,125$37,440$36,744
3 years$26,605$25,851$25,126$24,427$23,754$23,073
4 years$19,755$19,004$18,285$17,598$16,941$16,283
5 years$15,646$14,899$14,190$13,517$12,879$12,243
6 years$12,908$12,166$11,468$10,810$10,190$9,579
7 years$10,952$10,217$9,530$8,887$8,288$7,701
8 years$9,487$8,758$8,082$7,455$6,875$6,313
9 years$8,347$7,625$6,961$6,350$5,790$5,252
10 years$7,436$6,721$6,069$5,474$4,933$4,420
11 years$6,691$5,984$5,343$4,764$4,243$3,753
12 years$6,071$5,371$4,742$4,179$3,677$3,210
13 years$5,546$4,853$4,236$3,689$3,206$2,762
14 years$5,097$4,412$3,806$3,275$2,811$2,388
15 years$4,708$4,030$3,437$2,921$2,475$2,074
16 years$4,368$3,698$3,116$2,615$2,187$1,807
17 years$4,069$3,405$2,835$2,350$1,939$1,579
18 years$3,803$3,147$2,588$2,117$1,724$1,384
19 years$3,565$2,916$2,369$1,913$1,537$1,215
20 years$3,351$2,710$2,174$1,733$1,373$1,069
21 years$3,158$2,524$2,000$1,573$1,228$942
22 years$2,983$2,356$1,843$1,430$1,101$832
23 years$2,823$2,204$1,702$1,302$988$735
24 years$2,676$2,065$1,574$1,188$888$650
25 years$2,542$1,938$1,458$1,085$799$576
26 years$2,418$1,821$1,352$992$720$510
27 years$2,304$1,714$1,256$908$649$452
28 years$2,198$1,615$1,167$832$586$401
29 years$2,099$1,524$1,086$763$529$357
30 years$2,007$1,439$1,012$700$478$317
31 years$1,921$1,360$943$643$432$282
32 years$1,841$1,287$880$591$391$250
33 years$1,766$1,219$822$543$354$223
34 years$1,695$1,155$768$500$320$198
35 years$1,629$1,096$718$460$290$176
36 years$1,566$1,040$672$424$263$157
37 years$1,507$988$629$391$238$140
38 years$1,451$939$589$360$216$125
39 years$1,398$893$551$332$196$111
40 years$1,348$849$517$306$178$99
41 years$1,300$808$485$282$161$88
42 years$1,255$770$455$261$146$78
43 years$1,212$734$427$241$133$70
44 years$1,172$699$400$222$120$62
45 years$1,133$667$376$205$109$56
46 years$1,095$636$353$190$99$50
47 years$1,060$607$332$175$90$44
48 years$1,026$579$312$162$82$39
49 years$994$553$293$150$74$35
50 years$963$529$276$138$68$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $986,000, adding $3,835 every year, while hoping to spend $40,207 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: 75/18/7 Blend
74$986,000$986,000$986,000$986,000
75$1,090,528$1,038,270$1,022,987$1,171,029
76$1,158,982$1,046,365$1,014,477$1,232,616
77$1,233,070$1,053,509$1,004,334$1,294,583
78$1,313,326$1,059,614$992,462$1,361,330
79$1,400,334$1,064,584$978,758$1,433,315
80$1,494,738$1,068,318$963,116$1,511,043
81$1,597,245$1,070,710$945,425$1,595,071
82$1,708,635$1,071,645$925,567$1,686,012
83$1,829,763$1,071,003$903,421$1,784,543
84$1,961,572$1,068,655$878,859$1,891,410
85$2,105,098$1,064,465$851,747$2,007,433
86$2,261,482$1,058,289$821,945$2,133,519
87$2,431,981$1,049,972$789,307$2,270,665
88$2,617,974$1,039,352$753,680$2,419,972
89$2,820,984$1,026,257$714,905$2,582,653
90$3,042,684$1,010,503$672,814$2,760,046
91$3,284,917$991,897$627,232$2,953,623
92$3,549,712$970,233$577,978$3,165,010
93$3,839,303$945,295$524,861$3,396,000
94$4,156,149$916,852$467,681$3,648,566
95$4,502,958$884,659$406,230$3,924,886
96$4,882,713$848,460$340,291$4,227,360
97$5,298,697$807,982$269,638$4,558,636
98$5,754,526$762,936$194,033$4,921,631
99$6,254,184$713,016$113,230$5,319,560
100$6,802,057$657,900$26,969$5,755,971