Can I retire at age 75 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$73,495$72,841$72,202$71,579$70,970$70,464
2 years$36,384$35,706$35,050$34,413$33,795$33,285
3 years$24,015$23,334$22,679$22,049$21,441$20,942
4 years$17,832$17,153$16,505$15,885$15,292$14,808
5 years$14,123$13,448$12,808$12,201$11,625$11,158
6 years$11,651$10,982$10,351$9,757$9,198$8,749
7 years$9,886$9,222$8,602$8,022$7,481$7,049
8 years$8,563$7,905$7,295$6,729$6,206$5,792
9 years$7,534$6,883$6,283$5,732$5,226$4,830
10 years$6,712$6,067$5,478$4,941$4,453$4,074
11 years$6,040$5,401$4,823$4,300$3,830$3,468
12 years$5,480$4,848$4,280$3,772$3,319$2,973
13 years$5,006$4,381$3,824$3,330$2,894$2,565
14 years$4,601$3,982$3,436$2,956$2,537$2,224
15 years$4,250$3,638$3,102$2,636$2,234$1,936
16 years$3,943$3,338$2,812$2,360$1,974$1,692
17 years$3,673$3,074$2,559$2,121$1,750$1,483
18 years$3,432$2,840$2,336$1,911$1,556$1,303
19 years$3,218$2,632$2,139$1,727$1,387$1,147
20 years$3,025$2,446$1,963$1,564$1,239$1,012
21 years$2,851$2,278$1,805$1,420$1,109$895
22 years$2,692$2,127$1,664$1,291$994$792
23 years$2,548$1,989$1,536$1,175$892$702
24 years$2,416$1,864$1,421$1,072$802$623
25 years$2,295$1,749$1,316$979$722$553
26 years$2,183$1,644$1,221$895$650$492
27 years$2,079$1,547$1,133$819$586$438
28 years$1,984$1,458$1,054$751$529$390
29 years$1,895$1,375$980$688$477$347
30 years$1,812$1,299$913$632$431$309
31 years$1,734$1,228$851$580$390$276
32 years$1,662$1,162$794$533$353$246
33 years$1,594$1,100$742$490$319$220
34 years$1,530$1,043$693$451$289$196
35 years$1,470$989$648$415$262$175
36 years$1,414$939$606$383$237$156
37 years$1,360$892$567$352$215$140
38 years$1,310$847$531$325$195$125
39 years$1,262$806$498$300$177$112
40 years$1,217$767$467$276$160$100
41 years$1,174$730$437$255$145$89
42 years$1,133$695$410$235$132$80
43 years$1,094$662$385$217$120$71
44 years$1,057$631$361$201$109$64
45 years$1,022$602$339$185$99$57
46 years$989$574$319$171$90$51
47 years$957$548$299$158$81$46
48 years$926$523$281$146$74$41
49 years$897$499$265$135$67$37
50 years$869$477$249$125$61$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $890,000, adding $3,769 every year, while hoping to spend $53,743 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: 50/33/17 Blend
74$890,000$890,000$890,000$890,000
75$984,668$937,498$923,703$1,029,092
76$1,027,922$926,253$897,465$1,048,872
77$1,073,786$912,656$868,546$1,064,487
78$1,122,471$896,535$836,801$1,080,290
79$1,174,205$877,707$802,076$1,096,317
80$1,229,240$855,980$764,211$1,112,611
81$1,287,848$831,149$723,038$1,129,223
82$1,350,331$802,998$678,383$1,146,214
83$1,417,018$771,298$630,062$1,163,653
84$1,488,269$735,807$577,884$1,181,622
85$1,564,480$696,268$521,650$1,200,215
86$1,646,082$652,411$461,151$1,219,540
87$1,733,552$603,948$396,168$1,239,721
88$1,827,410$550,578$326,476$1,260,901
89$1,928,228$491,978$251,835$1,283,243
90$2,036,634$427,812$171,998$1,306,932
91$2,153,316$357,721$86,706$1,332,178
92$2,279,032$281,327$0$1,359,220
93$2,414,613$198,231$0$1,389,111
94$2,560,971$108,012$0$1,438,209
95$2,719,110$10,224$0$1,491,169
96$2,890,132$0$0$1,548,434
97$3,075,248$0$0$1,645,217
98$3,275,792$0$0$1,754,165
99$3,493,228$0$0$1,872,372
100$3,729,166$0$0$2,000,724