Can I retire at age 75 with 996,000?

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 $996,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$82,249$81,516$80,801$80,104$79,422$78,823
2 years$40,717$39,959$39,224$38,511$37,820$37,216
3 years$26,875$26,114$25,380$24,675$23,995$23,404
4 years$19,956$19,196$18,470$17,777$17,113$16,541
5 years$15,805$15,050$14,334$13,654$13,009$12,457
6 years$13,039$12,290$11,584$10,919$10,294$9,762
7 years$11,063$10,321$9,626$8,977$8,372$7,861
8 years$9,583$8,847$8,164$7,531$6,945$6,455
9 years$8,432$7,703$7,032$6,415$5,849$5,380
10 years$7,511$6,790$6,130$5,530$4,983$4,535
11 years$6,759$6,044$5,397$4,812$4,286$3,858
12 years$6,132$5,425$4,790$4,221$3,714$3,306
13 years$5,603$4,903$4,279$3,727$3,239$2,850
14 years$5,149$4,456$3,845$3,308$2,839$2,470
15 years$4,756$4,071$3,471$2,950$2,500$2,149
16 years$4,413$3,735$3,147$2,642$2,209$1,876
17 years$4,110$3,440$2,864$2,373$1,959$1,643
18 years$3,841$3,179$2,614$2,139$1,742$1,443
19 years$3,601$2,946$2,393$1,933$1,552$1,270
20 years$3,385$2,737$2,197$1,750$1,387$1,120
21 years$3,190$2,550$2,020$1,589$1,241$989
22 years$3,013$2,380$1,862$1,444$1,112$875
23 years$2,851$2,226$1,719$1,315$998$775
24 years$2,704$2,086$1,590$1,200$897$687
25 years$2,568$1,957$1,473$1,096$808$610
26 years$2,443$1,840$1,366$1,002$727$542
27 years$2,327$1,731$1,268$917$656$481
28 years$2,220$1,631$1,179$840$592$428
29 years$2,120$1,539$1,097$770$534$381
30 years$2,027$1,453$1,022$707$483$340
31 years$1,941$1,374$953$649$437$303
32 years$1,860$1,300$889$597$395$270
33 years$1,784$1,231$830$549$357$240
34 years$1,712$1,167$776$505$324$214
35 years$1,645$1,107$725$465$293$191
36 years$1,582$1,050$678$428$266$171
37 years$1,522$998$635$394$241$152
38 years$1,466$948$595$364$218$136
39 years$1,412$902$557$335$198$122
40 years$1,362$858$522$309$179$109
41 years$1,314$817$490$285$163$97
42 years$1,268$778$459$263$148$87
43 years$1,225$741$431$243$134$77
44 years$1,183$706$404$224$122$69
45 years$1,144$674$380$207$110$62
46 years$1,107$643$357$191$100$55
47 years$1,071$613$335$177$91$49
48 years$1,036$585$315$163$83$44
49 years$1,004$559$296$151$75$40
50 years$972$534$278$140$68$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $996,000, adding $4,228 every year, while hoping to spend $21,870 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: 47/46/7 Blend
74$996,000$996,000$996,000$996,000
75$1,101,953$1,049,165$1,033,727$1,151,477
76$1,191,083$1,077,305$1,045,088$1,214,054
77$1,288,571$1,106,090$1,056,095$1,279,286
78$1,395,246$1,135,530$1,066,716$1,349,567
79$1,512,023$1,165,633$1,076,913$1,425,371
80$1,639,907$1,196,406$1,086,646$1,507,219
81$1,780,004$1,227,857$1,095,876$1,595,685
82$1,933,536$1,259,993$1,104,559$1,691,403
83$2,101,845$1,292,821$1,112,650$1,795,068
84$2,286,411$1,326,347$1,120,102$1,907,445
85$2,488,863$1,360,576$1,126,864$2,029,378
86$2,710,997$1,395,514$1,132,883$2,161,794
87$2,954,788$1,431,164$1,138,104$2,305,717
88$3,222,415$1,467,530$1,142,470$2,462,270
89$3,516,277$1,504,614$1,145,918$2,632,694
90$3,839,016$1,542,418$1,148,384$2,818,354
91$4,193,542$1,580,944$1,149,802$3,020,752
92$4,583,063$1,620,190$1,150,100$3,241,545
93$5,011,111$1,660,154$1,149,204$3,482,556
94$5,481,578$1,700,836$1,147,036$3,745,794
95$5,998,752$1,742,230$1,143,515$4,033,471
96$6,567,356$1,784,330$1,138,554$4,348,027
97$7,192,595$1,827,131$1,132,064$4,692,146
98$7,880,202$1,870,623$1,123,951$5,068,787
99$8,636,495$1,914,796$1,114,115$5,481,211
100$9,468,435$1,959,638$1,102,455$5,933,009