Can I retire at age 75 with 986,000?

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 $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%11.6%
1 years$81,423$80,698$79,990$79,299$78,625$78,097
2 years$40,308$39,558$38,830$38,125$37,440$36,908
3 years$26,605$25,851$25,126$24,427$23,754$23,233
4 years$19,755$19,004$18,285$17,598$16,941$16,437
5 years$15,646$14,899$14,190$13,517$12,879$12,391
6 years$12,908$12,166$11,468$10,810$10,190$9,721
7 years$10,952$10,217$9,530$8,887$8,288$7,837
8 years$9,487$8,758$8,082$7,455$6,875$6,443
9 years$8,347$7,625$6,961$6,350$5,790$5,376
10 years$7,436$6,721$6,069$5,474$4,933$4,537
11 years$6,691$5,984$5,343$4,764$4,243$3,864
12 years$6,071$5,371$4,742$4,179$3,677$3,316
13 years$5,546$4,853$4,236$3,689$3,206$2,862
14 years$5,097$4,412$3,806$3,275$2,811$2,483
15 years$4,708$4,030$3,437$2,921$2,475$2,163
16 years$4,368$3,698$3,116$2,615$2,187$1,892
17 years$4,069$3,405$2,835$2,350$1,939$1,659
18 years$3,803$3,147$2,588$2,117$1,724$1,459
19 years$3,565$2,916$2,369$1,913$1,537$1,286
20 years$3,351$2,710$2,174$1,733$1,373$1,135
21 years$3,158$2,524$2,000$1,573$1,228$1,004
22 years$2,983$2,356$1,843$1,430$1,101$890
23 years$2,823$2,204$1,702$1,302$988$789
24 years$2,676$2,065$1,574$1,188$888$701
25 years$2,542$1,938$1,458$1,085$799$623
26 years$2,418$1,821$1,352$992$720$554
27 years$2,304$1,714$1,256$908$649$493
28 years$2,198$1,615$1,167$832$586$440
29 years$2,099$1,524$1,086$763$529$392
30 years$2,007$1,439$1,012$700$478$350
31 years$1,921$1,360$943$643$432$312
32 years$1,841$1,287$880$591$391$279
33 years$1,766$1,219$822$543$354$249
34 years$1,695$1,155$768$500$320$222
35 years$1,629$1,096$718$460$290$199
36 years$1,566$1,040$672$424$263$178
37 years$1,507$988$629$391$238$159
38 years$1,451$939$589$360$216$142
39 years$1,398$893$551$332$196$127
40 years$1,348$849$517$306$178$114
41 years$1,300$808$485$282$161$102
42 years$1,255$770$455$261$146$91
43 years$1,212$734$427$241$133$82
44 years$1,172$699$400$222$120$73
45 years$1,133$667$376$205$109$65
46 years$1,095$636$353$190$99$59
47 years$1,060$607$332$175$90$52
48 years$1,026$579$312$162$82$47
49 years$994$553$293$150$74$42
50 years$963$529$276$138$68$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $986,000, adding $3,729 every year, while hoping to spend $33,105 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: 60/29/11 Blend
74$986,000$986,000$986,000$986,000
75$1,090,418$1,038,160$1,022,877$1,152,785
76$1,166,418$1,053,807$1,021,920$1,210,777
77$1,249,059$1,069,110$1,019,822$1,269,924
78$1,338,986$1,084,019$1,016,508$1,333,633
79$1,436,904$1,098,478$1,011,903$1,402,345
80$1,543,593$1,112,428$1,005,926$1,476,548
81$1,659,907$1,125,805$998,493$1,556,779
82$1,786,791$1,138,542$989,515$1,643,631
83$1,925,279$1,150,567$978,900$1,737,756
84$2,076,515$1,161,802$966,550$1,839,876
85$2,241,755$1,172,166$952,365$1,950,786
86$2,422,383$1,181,570$936,238$2,071,360
87$2,619,922$1,189,923$918,058$2,202,567
88$2,836,049$1,197,124$897,708$2,345,471
89$3,072,611$1,203,069$875,066$2,501,247
90$3,331,642$1,207,644$850,006$2,671,193
91$3,615,381$1,210,730$822,393$2,856,736
92$3,926,295$1,212,201$792,088$3,059,455
93$4,267,100$1,211,922$758,946$3,281,086
94$4,640,787$1,209,749$722,814$3,523,548
95$5,050,652$1,205,530$683,532$3,788,955
96$5,500,322$1,199,105$640,934$4,079,637
97$5,993,795$1,190,302$594,845$4,398,168
98$6,535,475$1,178,939$545,085$4,747,381
99$7,130,210$1,164,824$491,463$5,130,404
100$7,783,345$1,147,754$433,780$5,550,685