Can I retire at age 75 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$67,963$67,357$66,767$66,190$65,627$64,408
2 years$33,645$33,018$32,411$31,822$31,251$30,027
3 years$22,207$21,578$20,972$20,389$19,827$18,636
4 years$16,489$15,862$15,262$14,689$14,141$12,993
5 years$13,060$12,436$11,844$11,283$10,750$9,648
6 years$10,774$10,155$9,572$9,023$8,506$7,451
7 years$9,142$8,528$7,954$7,418$6,917$5,910
8 years$7,918$7,310$6,746$6,223$5,739$4,779
9 years$6,967$6,365$5,810$5,300$4,833$3,920
10 years$6,207$5,610$5,065$4,569$4,118$3,251
11 years$5,585$4,994$4,460$3,976$3,541$2,719
12 years$5,067$4,483$3,958$3,488$3,069$2,290
13 years$4,629$4,051$3,536$3,079$2,676$1,940
14 years$4,255$3,682$3,177$2,733$2,346$1,651
15 years$3,930$3,364$2,868$2,438$2,066$1,410
16 years$3,646$3,086$2,601$2,183$1,826$1,209
17 years$3,396$2,842$2,367$1,961$1,619$1,038
18 years$3,174$2,626$2,160$1,767$1,439$894
19 years$2,976$2,434$1,978$1,597$1,283$772
20 years$2,797$2,262$1,815$1,446$1,146$667
21 years$2,636$2,107$1,669$1,313$1,025$577
22 years$2,490$1,967$1,539$1,194$919$500
23 years$2,356$1,839$1,421$1,087$825$434
24 years$2,234$1,723$1,314$991$742$377
25 years$2,122$1,617$1,217$905$667$327
26 years$2,018$1,520$1,129$828$601$285
27 years$1,923$1,431$1,048$758$542$248
28 years$1,834$1,348$974$694$489$216
29 years$1,752$1,272$907$637$442$188
30 years$1,675$1,201$845$584$399$164
31 years$1,604$1,135$787$537$361$143
32 years$1,537$1,074$735$493$326$124
33 years$1,474$1,017$686$454$295$108
34 years$1,415$964$641$417$267$94
35 years$1,359$915$599$384$242$82
36 years$1,307$868$560$354$219$72
37 years$1,258$824$525$326$199$63
38 years$1,211$783$491$300$180$55
39 years$1,167$745$460$277$163$48
40 years$1,125$709$431$256$148$42
41 years$1,085$675$405$236$135$36
42 years$1,048$643$379$218$122$32
43 years$1,012$612$356$201$111$28
44 years$978$584$334$185$101$24
45 years$945$557$314$171$91$21
46 years$914$531$295$158$83$18
47 years$885$507$277$146$75$16
48 years$856$484$260$135$68$14
49 years$829$462$245$125$62$12
50 years$804$441$230$115$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $823,000, adding $2,258 every year, while hoping to spend $23,116 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: 30/48/22 Blend
74$823,000$823,000$823,000$823,000
75$909,275$865,656$852,900$930,262
76$977,426$883,478$856,877$964,326
77$1,051,753$901,398$860,212$998,728
78$1,132,863$919,398$862,860$1,035,257
79$1,221,422$937,455$864,772$1,074,112
80$1,318,163$955,546$865,898$1,115,513
81$1,423,895$973,647$866,185$1,159,701
82$1,539,506$991,730$865,577$1,206,945
83$1,665,977$1,009,766$864,015$1,257,540
84$1,804,386$1,027,724$861,438$1,311,813
85$1,955,919$1,045,568$857,782$1,370,124
86$2,121,884$1,063,262$852,979$1,432,873
87$2,303,721$1,080,767$846,959$1,500,498
88$2,503,016$1,098,040$839,647$1,573,487
89$2,721,515$1,115,035$830,967$1,652,376
90$2,961,141$1,131,704$820,836$1,737,757
91$3,224,013$1,147,993$809,169$1,830,285
92$3,512,465$1,163,847$795,879$1,930,684
93$3,829,065$1,179,205$780,870$2,039,751
94$4,176,647$1,194,003$764,046$2,158,368
95$4,558,328$1,208,172$745,305$2,287,508
96$4,977,544$1,221,639$724,539$2,428,246
97$5,438,079$1,234,325$701,637$2,581,768
98$5,944,103$1,246,146$676,481$2,749,384
99$6,500,208$1,257,014$648,950$2,932,539
100$7,111,456$1,266,834$618,916$3,132,830