Can I retire at age 75 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$73,000$72,350$71,715$71,096$70,491$68,815
2 years$36,139$35,466$34,813$34,181$33,567$31,888
3 years$23,853$23,177$22,526$21,900$21,296$19,667
4 years$17,712$17,038$16,393$15,778$15,189$13,622
5 years$14,028$13,358$12,722$12,119$11,546$10,046
6 years$11,572$10,908$10,281$9,691$9,136$7,704
7 years$9,819$9,160$8,544$7,968$7,430$6,066
8 years$8,505$7,852$7,246$6,684$6,164$4,868
9 years$7,484$6,837$6,241$5,693$5,191$3,962
10 years$6,667$6,026$5,441$4,908$4,423$3,259
11 years$5,999$5,365$4,790$4,271$3,804$2,704
12 years$5,443$4,815$4,251$3,746$3,296$2,258
13 years$4,973$4,351$3,798$3,308$2,875$1,897
14 years$4,570$3,955$3,413$2,936$2,520$1,600
15 years$4,221$3,613$3,081$2,618$2,219$1,354
16 years$3,916$3,315$2,793$2,345$1,961$1,150
17 years$3,648$3,053$2,542$2,107$1,739$979
18 years$3,409$2,821$2,320$1,898$1,546$835
19 years$3,196$2,615$2,124$1,715$1,378$714
20 years$3,004$2,430$1,950$1,554$1,231$611
21 years$2,831$2,263$1,793$1,410$1,101$523
22 years$2,674$2,113$1,653$1,282$987$449
23 years$2,531$1,976$1,526$1,168$886$386
24 years$2,400$1,851$1,411$1,065$797$331
25 years$2,279$1,737$1,307$973$717$285
26 years$2,168$1,633$1,212$889$646$245
27 years$2,065$1,537$1,126$814$582$211
28 years$1,970$1,448$1,047$746$525$182
29 years$1,882$1,366$974$684$474$157
30 years$1,799$1,290$907$628$429$135
31 years$1,723$1,219$846$576$387$116
32 years$1,651$1,154$789$530$350$100
33 years$1,583$1,093$737$487$317$87
34 years$1,520$1,036$688$448$287$75
35 years$1,460$982$644$413$260$64
36 years$1,404$932$602$380$236$56
37 years$1,351$886$563$350$214$48
38 years$1,301$842$528$323$194$41
39 years$1,253$800$494$298$176$36
40 years$1,209$761$463$274$159$31
41 years$1,166$725$435$253$144$27
42 years$1,125$690$408$234$131$23
43 years$1,087$658$382$216$119$20
44 years$1,050$627$359$199$108$17
45 years$1,015$598$337$184$98$15
46 years$982$570$317$170$89$13
47 years$950$544$297$157$81$11
48 years$920$520$280$145$73$10
49 years$891$496$263$134$67$8
50 years$863$474$247$124$61$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $884,000, adding $2,264 every year, while hoping to spend $50,684 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: 57/24/19 Blend
74$884,000$884,000$884,000$884,000
75$976,503$929,651$915,949$1,027,112
76$1,022,179$921,277$892,706$1,053,421
77$1,070,815$910,793$866,986$1,076,411
78$1,122,660$898,044$838,652$1,100,337
79$1,177,986$882,862$807,561$1,125,300
80$1,237,090$865,072$773,564$1,151,413
81$1,300,300$844,488$736,505$1,178,805
82$1,367,974$820,911$696,221$1,207,619
83$1,440,505$794,133$652,542$1,238,016
84$1,518,323$763,932$605,288$1,270,175
85$1,601,901$730,074$554,275$1,304,299
86$1,691,759$692,311$499,307$1,340,612
87$1,788,465$650,381$440,181$1,379,368
88$1,892,647$604,008$376,685$1,420,847
89$2,004,990$552,898$308,597$1,465,365
90$2,126,250$496,741$235,686$1,513,272
91$2,257,256$435,210$157,710$1,564,959
92$2,398,920$367,959$74,417$1,620,863
93$2,552,244$294,623$0$1,681,470
94$2,718,328$214,815$0$1,750,254
95$2,898,385$128,128$0$1,841,173
96$3,093,745$34,131$0$1,939,854
97$3,305,872$0$0$2,047,102
98$3,536,379$0$0$2,181,667
99$3,787,037$0$0$2,337,865
100$4,059,795$0$0$2,507,906