Can I retire at age 75 with 883,000?

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 $883,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$72,917$72,268$71,634$71,016$70,412$69,388
2 years$36,098$35,425$34,774$34,142$33,529$32,500
3 years$23,826$23,151$22,501$21,875$21,272$20,270
4 years$17,691$17,018$16,375$15,760$15,172$14,203
5 years$14,012$13,343$12,708$12,105$11,533$10,602
6 years$11,559$10,895$10,270$9,681$9,126$8,233
7 years$9,808$9,150$8,534$7,959$7,422$6,567
8 years$8,496$7,843$7,238$6,677$6,157$5,341
9 years$7,475$6,829$6,234$5,687$5,185$4,407
10 years$6,659$6,019$5,435$4,902$4,418$3,677
11 years$5,992$5,359$4,785$4,266$3,800$3,095
12 years$5,437$4,810$4,246$3,742$3,293$2,624
13 years$4,967$4,346$3,794$3,304$2,871$2,237
14 years$4,565$3,951$3,409$2,933$2,517$1,917
15 years$4,216$3,609$3,078$2,615$2,216$1,648
16 years$3,912$3,311$2,790$2,342$1,959$1,423
17 years$3,644$3,050$2,539$2,104$1,737$1,231
18 years$3,405$2,818$2,318$1,896$1,544$1,068
19 years$3,192$2,612$2,122$1,713$1,376$928
20 years$3,001$2,427$1,947$1,552$1,229$808
21 years$2,828$2,261$1,791$1,408$1,100$705
22 years$2,671$2,110$1,651$1,281$986$616
23 years$2,528$1,974$1,524$1,166$885$538
24 years$2,397$1,849$1,410$1,064$796$471
25 years$2,277$1,735$1,306$971$716$413
26 years$2,166$1,631$1,211$888$645$362
27 years$2,063$1,535$1,124$813$581$317
28 years$1,968$1,446$1,045$745$525$278
29 years$1,880$1,364$973$683$474$244
30 years$1,797$1,289$906$627$428$215
31 years$1,721$1,218$845$576$387$189
32 years$1,649$1,153$788$529$350$166
33 years$1,581$1,092$736$487$317$146
34 years$1,518$1,034$688$448$287$128
35 years$1,459$981$643$412$260$113
36 years$1,402$931$601$380$235$99
37 years$1,349$885$563$350$213$87
38 years$1,299$841$527$322$193$77
39 years$1,252$799$494$297$175$68
40 years$1,207$761$463$274$159$60
41 years$1,165$724$434$253$144$52
42 years$1,124$689$407$233$131$46
43 years$1,086$657$382$215$119$41
44 years$1,049$626$359$199$108$36
45 years$1,014$597$337$184$98$31
46 years$981$570$316$170$89$28
47 years$949$544$297$157$81$24
48 years$919$519$279$145$73$22
49 years$890$496$262$134$67$19
50 years$862$473$247$124$60$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $883,000, adding $5,987 every year, while hoping to spend $24,051 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: 47/48/5 Blend
74$883,000$883,000$883,000$883,000
75$979,242$932,443$918,756$1,023,717
76$1,053,534$952,542$923,944$1,074,908
77$1,134,598$972,821$928,500$1,127,399
78$1,223,100$993,261$932,377$1,183,791
79$1,319,771$1,013,846$935,527$1,244,451
80$1,425,417$1,034,554$937,897$1,309,784
81$1,540,927$1,055,365$939,434$1,380,236
82$1,667,278$1,076,254$940,081$1,456,298
83$1,805,546$1,097,195$939,779$1,538,512
84$1,956,915$1,118,162$938,465$1,627,475
85$2,122,691$1,139,122$936,074$1,723,843
86$2,304,310$1,160,044$932,538$1,828,341
87$2,503,356$1,180,892$927,784$1,941,766
88$2,721,570$1,201,627$921,736$2,064,999
89$2,960,872$1,222,210$914,317$2,199,009
90$3,223,377$1,242,594$905,442$2,344,865
91$3,511,414$1,262,733$895,026$2,503,743
92$3,827,546$1,282,575$882,978$2,676,943
93$4,174,600$1,302,065$869,202$2,865,895
94$4,555,687$1,321,144$853,598$3,072,176
95$4,974,237$1,339,750$836,063$3,297,524
96$5,434,025$1,357,814$816,488$3,543,858
97$5,939,214$1,375,265$794,758$3,813,288
98$6,494,385$1,392,024$770,754$4,108,145
99$7,104,589$1,408,010$744,351$4,430,996
100$7,775,389$1,423,135$715,419$4,784,670