Can I retire at age 75 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$81,753$81,025$80,315$79,621$78,944$76,973
2 years$40,472$39,718$38,988$38,279$37,592$35,619
3 years$26,713$25,956$25,228$24,526$23,850$21,936
4 years$19,835$19,081$18,359$17,670$17,010$15,171
5 years$15,710$14,959$14,248$13,572$12,931$11,170
6 years$12,960$12,215$11,514$10,854$10,232$8,552
7 years$10,997$10,259$9,568$8,923$8,321$6,723
8 years$9,525$8,793$8,115$7,486$6,903$5,386
9 years$8,381$7,656$6,989$6,376$5,813$4,375
10 years$7,466$6,749$6,093$5,496$4,953$3,592
11 years$6,718$6,008$5,364$4,783$4,260$2,975
12 years$6,095$5,392$4,761$4,196$3,692$2,480
13 years$5,569$4,873$4,253$3,704$3,219$2,078
14 years$5,118$4,430$3,822$3,288$2,822$1,749
15 years$4,727$4,046$3,451$2,932$2,485$1,478
16 years$4,386$3,713$3,128$2,626$2,196$1,252
17 years$4,085$3,419$2,847$2,359$1,947$1,064
18 years$3,818$3,159$2,599$2,126$1,731$905
19 years$3,579$2,928$2,379$1,921$1,543$772
20 years$3,365$2,721$2,183$1,740$1,378$659
21 years$3,171$2,534$2,008$1,579$1,233$564
22 years$2,995$2,366$1,851$1,436$1,106$482
23 years$2,834$2,213$1,709$1,308$992$413
24 years$2,687$2,073$1,581$1,193$892$354
25 years$2,552$1,946$1,464$1,089$803$304
26 years$2,428$1,829$1,358$996$723$261
27 years$2,313$1,721$1,261$912$652$224
28 years$2,206$1,622$1,172$835$588$193
29 years$2,107$1,530$1,091$766$531$165
30 years$2,015$1,445$1,016$703$480$142
31 years$1,929$1,366$947$646$434$122
32 years$1,848$1,292$884$593$392$105
33 years$1,773$1,224$825$546$355$91
34 years$1,702$1,160$771$502$322$78
35 years$1,635$1,100$721$462$291$67
36 years$1,572$1,044$674$426$264$58
37 years$1,513$992$631$392$239$50
38 years$1,457$942$591$361$217$43
39 years$1,404$896$554$333$197$37
40 years$1,353$853$519$307$178$32
41 years$1,306$812$487$284$162$27
42 years$1,260$773$456$262$147$23
43 years$1,217$737$428$242$133$20
44 years$1,176$702$402$223$121$17
45 years$1,137$669$378$206$110$15
46 years$1,100$639$355$190$100$13
47 years$1,064$609$333$176$91$11
48 years$1,030$582$313$162$82$10
49 years$998$556$294$150$75$8
50 years$967$531$277$139$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $990,000, adding $2,042 every year, while hoping to spend $36,469 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: 59/27/14 Blend
74$990,000$990,000$990,000$990,000
75$1,093,086$1,040,616$1,025,271$1,153,619
76$1,165,778$1,052,804$1,020,815$1,206,884
77$1,244,663$1,064,366$1,014,987$1,260,700
78$1,330,333$1,075,234$1,007,704$1,318,523
79$1,423,440$1,085,334$998,876$1,380,745
80$1,524,703$1,094,588$988,410$1,447,796
81$1,634,912$1,102,911$976,210$1,520,151
82$1,754,934$1,110,215$962,175$1,598,336
83$1,885,726$1,116,405$946,196$1,682,931
84$2,028,340$1,121,379$928,164$1,774,574
85$2,183,935$1,125,030$907,961$1,873,972
86$2,353,784$1,127,245$885,466$1,981,903
87$2,539,291$1,127,901$860,550$2,099,227
88$2,742,001$1,126,870$833,081$2,226,893
89$2,963,613$1,124,015$802,918$2,365,946
90$3,206,001$1,119,191$769,915$2,517,544
91$3,471,226$1,112,244$733,919$2,682,959
92$3,761,557$1,103,010$694,772$2,863,599
93$4,079,494$1,091,316$652,305$3,061,016
94$4,427,791$1,076,978$606,345$3,276,922
95$4,809,477$1,059,802$556,709$3,513,207
96$5,227,892$1,039,580$503,207$3,771,955
97$5,686,712$1,016,095$445,640$4,055,467
98$6,189,988$989,115$383,800$4,366,281
99$6,742,179$958,395$317,470$4,707,196
100$7,348,200$923,674$246,424$5,081,300