Can I retire at age 75 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$54,172$53,689$53,219$52,759$52,310$51,046
2 years$26,818$26,318$25,834$25,365$24,910$23,643
3 years$17,701$17,199$16,716$16,252$15,804$14,575
4 years$13,143$12,643$12,165$11,708$11,271$10,090
5 years$10,410$9,913$9,441$8,993$8,568$7,437
6 years$8,588$8,094$7,630$7,192$6,780$5,700
7 years$7,287$6,798$6,340$5,913$5,514$4,486
8 years$6,312$5,827$5,377$4,960$4,574$3,598
9 years$5,553$5,073$4,631$4,225$3,852$2,926
10 years$4,947$4,472$4,038$3,642$3,282$2,406
11 years$4,452$3,981$3,555$3,170$2,823$1,995
12 years$4,039$3,573$3,155$2,780$2,446$1,665
13 years$3,690$3,229$2,818$2,454$2,133$1,397
14 years$3,391$2,935$2,532$2,179$1,870$1,178
15 years$3,133$2,681$2,286$1,943$1,646$996
16 years$2,906$2,460$2,073$1,740$1,455$845
17 years$2,707$2,266$1,886$1,563$1,290$719
18 years$2,530$2,094$1,722$1,409$1,147$613
19 years$2,372$1,940$1,576$1,273$1,023$524
20 years$2,230$1,803$1,447$1,153$913$448
21 years$2,101$1,679$1,331$1,046$817$383
22 years$1,984$1,568$1,226$951$733$329
23 years$1,878$1,466$1,132$866$658$282
24 years$1,781$1,374$1,047$790$591$242
25 years$1,691$1,289$970$722$532$208
26 years$1,609$1,212$900$660$479$179
27 years$1,533$1,140$835$604$432$154
28 years$1,462$1,074$777$553$390$132
29 years$1,396$1,014$723$507$352$114
30 years$1,335$957$673$466$318$98
31 years$1,278$905$628$428$288$85
32 years$1,225$856$586$393$260$73
33 years$1,175$811$547$361$235$63
34 years$1,128$769$511$333$213$54
35 years$1,084$729$478$306$193$47
36 years$1,042$692$447$282$175$40
37 years$1,003$657$418$260$158$35
38 years$965$625$392$239$144$30
39 years$930$594$367$221$130$26
40 years$897$565$344$204$118$22
41 years$865$538$322$188$107$19
42 years$835$512$302$173$97$17
43 years$807$488$284$160$88$14
44 years$779$465$266$148$80$12
45 years$754$444$250$137$73$11
46 years$729$423$235$126$66$9
47 years$705$404$221$116$60$8
48 years$683$386$207$108$54$7
49 years$661$368$195$99$49$6
50 years$640$352$183$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $656,000, adding $3,924 every year, while hoping to spend $49,179 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: 58/36/6 Blend
74$656,000$656,000$656,000$656,000
75$726,960$692,192$682,024$768,016
76$748,783$673,783$652,545$777,628
77$771,185$652,824$620,431$782,170
78$794,171$629,138$585,541$785,887
79$817,748$602,537$547,728$788,705
80$841,922$572,824$506,840$790,542
81$866,694$539,789$462,716$791,311
82$892,069$503,211$415,189$790,921
83$918,047$462,855$364,084$789,272
84$944,626$418,474$309,220$786,260
85$971,804$369,805$250,405$781,771
86$999,576$316,573$187,441$775,686
87$1,027,932$258,485$120,120$767,876
88$1,056,862$195,232$48,225$758,205
89$1,086,352$126,488$0$746,526
90$1,116,383$51,909$0$734,507
91$1,146,933$0$0$723,571
92$1,177,974$0$0$721,901
93$1,209,474$0$0$741,058
94$1,241,395$0$0$760,452
95$1,273,690$0$0$780,055
96$1,306,309$0$0$799,831
97$1,339,190$0$0$819,742
98$1,372,263$0$0$839,740
99$1,405,449$0$0$859,774
100$1,438,656$0$0$879,785