Can I retire at age 75 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$74,404$73,741$73,094$72,463$71,847$71,156
2 years$36,834$36,148$35,483$34,838$34,213$33,517
3 years$24,312$23,623$22,960$22,321$21,706$21,026
4 years$18,052$17,365$16,709$16,081$15,481$14,823
5 years$14,297$13,615$12,967$12,352$11,768$11,134
6 years$11,795$11,117$10,479$9,878$9,312$8,702
7 years$10,008$9,336$8,708$8,121$7,573$6,988
8 years$8,669$8,003$7,385$6,813$6,283$5,722
9 years$7,628$6,968$6,361$5,803$5,291$4,755
10 years$6,795$6,142$5,546$5,002$4,508$3,996
11 years$6,114$5,468$4,882$4,353$3,877$3,389
12 years$5,548$4,908$4,333$3,818$3,360$2,895
13 years$5,068$4,435$3,871$3,371$2,930$2,488
14 years$4,658$4,031$3,478$2,993$2,568$2,149
15 years$4,302$3,683$3,140$2,669$2,261$1,863
16 years$3,992$3,379$2,847$2,390$1,999$1,621
17 years$3,718$3,112$2,591$2,147$1,772$1,415
18 years$3,475$2,875$2,365$1,935$1,576$1,238
19 years$3,258$2,665$2,165$1,748$1,404$1,086
20 years$3,062$2,476$1,987$1,583$1,254$954
21 years$2,886$2,307$1,828$1,437$1,123$839
22 years$2,726$2,153$1,685$1,307$1,006$740
23 years$2,579$2,014$1,555$1,190$903$653
24 years$2,446$1,887$1,438$1,085$812$576
25 years$2,323$1,771$1,332$991$731$510
26 years$2,210$1,664$1,236$906$658$451
27 years$2,105$1,566$1,147$830$593$399
28 years$2,008$1,476$1,067$760$535$354
29 years$1,918$1,392$993$697$483$314
30 years$1,834$1,315$925$640$437$278
31 years$1,756$1,243$862$587$395$247
32 years$1,682$1,176$804$540$357$219
33 years$1,614$1,114$751$496$323$195
34 years$1,549$1,056$702$457$293$173
35 years$1,488$1,001$656$421$265$154
36 years$1,431$950$614$387$240$137
37 years$1,377$903$574$357$218$121
38 years$1,326$858$538$329$197$108
39 years$1,278$816$504$303$179$96
40 years$1,232$776$472$280$162$85
41 years$1,188$739$443$258$147$76
42 years$1,147$704$415$238$134$68
43 years$1,108$670$390$220$121$60
44 years$1,071$639$366$203$110$53
45 years$1,035$609$344$187$100$48
46 years$1,001$581$323$173$91$42
47 years$969$555$303$160$82$38
48 years$938$530$285$148$75$34
49 years$908$506$268$137$68$30
50 years$880$483$252$126$62$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $901,000, adding $3,693 every year, while hoping to spend $59,825 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: 56/37/7 Blend
74$901,000$901,000$901,000$901,000
75$996,711$948,958$934,993$1,050,756
76$1,034,723$931,804$902,662$1,070,451
77$1,074,606$911,804$867,243$1,084,895
78$1,116,489$888,756$828,568$1,099,158
79$1,160,511$862,445$786,465$1,113,233
80$1,206,822$832,644$740,751$1,127,109
81$1,255,588$799,113$691,236$1,140,783
82$1,306,986$761,597$637,720$1,154,251
83$1,361,211$719,829$579,997$1,167,514
84$1,418,476$673,522$517,849$1,180,578
85$1,479,013$622,376$451,048$1,193,452
86$1,543,073$566,074$379,360$1,206,151
87$1,610,934$504,279$302,535$1,218,699
88$1,682,896$436,635$220,317$1,231,125
89$1,759,289$362,768$132,435$1,243,466
90$1,840,473$282,280$38,609$1,255,772
91$1,926,843$194,754$0$1,268,102
92$2,018,830$99,745$0$1,285,123
93$2,116,906$0$0$1,305,705
94$2,221,589$0$0$1,328,395
95$2,333,445$0$0$1,396,082
96$2,453,096$0$0$1,468,537
97$2,581,223$0$0$1,546,179
98$2,718,574$0$0$1,629,468
99$2,865,967$0$0$1,718,909
100$3,024,302$0$0$1,815,054