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%12.7%
1 years$81,423$80,698$79,990$79,299$78,625$77,739
2 years$40,308$39,558$38,830$38,125$37,440$36,549
3 years$26,605$25,851$25,126$24,427$23,754$22,884
4 years$19,755$19,004$18,285$17,598$16,941$16,100
5 years$15,646$14,899$14,190$13,517$12,879$12,068
6 years$12,908$12,166$11,468$10,810$10,190$9,412
7 years$10,952$10,217$9,530$8,887$8,288$7,541
8 years$9,487$8,758$8,082$7,455$6,875$6,161
9 years$8,347$7,625$6,961$6,350$5,790$5,107
10 years$7,436$6,721$6,069$5,474$4,933$4,282
11 years$6,691$5,984$5,343$4,764$4,243$3,623
12 years$6,071$5,371$4,742$4,179$3,677$3,087
13 years$5,546$4,853$4,236$3,689$3,206$2,646
14 years$5,097$4,412$3,806$3,275$2,811$2,279
15 years$4,708$4,030$3,437$2,921$2,475$1,971
16 years$4,368$3,698$3,116$2,615$2,187$1,710
17 years$4,069$3,405$2,835$2,350$1,939$1,488
18 years$3,803$3,147$2,588$2,117$1,724$1,299
19 years$3,565$2,916$2,369$1,913$1,537$1,135
20 years$3,351$2,710$2,174$1,733$1,373$995
21 years$3,158$2,524$2,000$1,573$1,228$873
22 years$2,983$2,356$1,843$1,430$1,101$767
23 years$2,823$2,204$1,702$1,302$988$674
24 years$2,676$2,065$1,574$1,188$888$594
25 years$2,542$1,938$1,458$1,085$799$523
26 years$2,418$1,821$1,352$992$720$462
27 years$2,304$1,714$1,256$908$649$407
28 years$2,198$1,615$1,167$832$586$360
29 years$2,099$1,524$1,086$763$529$318
30 years$2,007$1,439$1,012$700$478$281
31 years$1,921$1,360$943$643$432$249
32 years$1,841$1,287$880$591$391$220
33 years$1,766$1,219$822$543$354$195
34 years$1,695$1,155$768$500$320$172
35 years$1,629$1,096$718$460$290$153
36 years$1,566$1,040$672$424$263$135
37 years$1,507$988$629$391$238$120
38 years$1,451$939$589$360$216$106
39 years$1,398$893$551$332$196$94
40 years$1,348$849$517$306$178$83
41 years$1,300$808$485$282$161$74
42 years$1,255$770$455$261$146$66
43 years$1,212$734$427$241$133$58
44 years$1,172$699$400$222$120$52
45 years$1,133$667$376$205$109$46
46 years$1,095$636$353$190$99$41
47 years$1,060$607$332$175$90$36
48 years$1,026$579$312$162$82$32
49 years$994$553$293$150$74$28
50 years$963$529$276$138$68$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $986,000, adding $2,440 every year, while hoping to spend $39,742 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: 59/26/15 Blend
74$986,000$986,000$986,000$986,000
75$1,089,089$1,036,831$1,021,548$1,149,058
76$1,157,891$1,045,350$1,013,485$1,198,358
77$1,232,378$1,052,955$1,003,819$1,247,468
78$1,313,090$1,059,559$992,456$1,300,091
79$1,400,617$1,065,069$979,295$1,356,572
80$1,495,610$1,069,387$964,231$1,417,291
81$1,598,784$1,072,409$947,155$1,482,667
82$1,710,926$1,074,024$927,951$1,553,165
83$1,832,903$1,074,113$906,499$1,629,295
84$1,965,666$1,072,552$882,674$1,711,625
85$2,110,264$1,069,207$856,344$1,800,779
86$2,267,850$1,063,937$827,371$1,897,446
87$2,439,693$1,056,593$795,610$2,002,391
88$2,627,192$1,047,015$760,913$2,116,453
89$2,831,882$1,035,036$723,120$2,240,563
90$3,055,457$1,020,476$682,068$2,375,747
91$3,299,781$1,003,147$637,585$2,523,140
92$3,566,905$982,847$589,490$2,683,991
93$3,859,088$959,365$537,596$2,859,684
94$4,178,816$932,476$481,707$3,051,743
95$4,528,830$901,941$421,619$3,261,853
96$4,912,143$867,509$357,116$3,491,872
97$5,332,078$828,913$287,975$3,743,853
98$5,792,291$785,871$213,963$4,020,061
99$6,296,811$738,085$134,837$4,322,995
100$6,850,073$685,238$50,342$4,655,415