Can I retire at age 75 with 905,000?

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 $905,000?

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$74,734$74,068$73,419$72,785$72,166$71,472
2 years$36,997$36,308$35,640$34,993$34,365$33,665
3 years$24,420$23,728$23,062$22,420$21,802$21,120
4 years$18,132$17,442$16,783$16,152$15,550$14,889
5 years$14,361$13,675$13,024$12,407$11,821$11,184
6 years$11,847$11,167$10,526$9,922$9,353$8,741
7 years$10,053$9,378$8,747$8,157$7,607$7,019
8 years$8,707$8,038$7,418$6,843$6,310$5,748
9 years$7,661$6,999$6,389$5,829$5,314$4,776
10 years$6,825$6,169$5,570$5,024$4,528$4,014
11 years$6,141$5,492$4,904$4,373$3,894$3,404
12 years$5,572$4,929$4,352$3,835$3,375$2,908
13 years$5,091$4,455$3,888$3,386$2,943$2,499
14 years$4,678$4,049$3,494$3,006$2,580$2,158
15 years$4,322$3,699$3,154$2,681$2,271$1,871
16 years$4,009$3,394$2,860$2,400$2,007$1,628
17 years$3,734$3,126$2,602$2,157$1,780$1,421
18 years$3,490$2,888$2,376$1,944$1,583$1,244
19 years$3,272$2,677$2,175$1,756$1,411$1,090
20 years$3,076$2,487$1,996$1,591$1,260$958
21 years$2,899$2,317$1,836$1,443$1,128$843
22 years$2,738$2,163$1,692$1,312$1,011$743
23 years$2,591$2,023$1,562$1,195$907$655
24 years$2,457$1,895$1,445$1,090$815$579
25 years$2,333$1,779$1,338$996$734$512
26 years$2,220$1,672$1,241$910$661$453
27 years$2,114$1,573$1,152$833$596$401
28 years$2,017$1,482$1,071$763$538$355
29 years$1,927$1,398$997$700$486$315
30 years$1,842$1,321$929$643$439$279
31 years$1,763$1,248$866$590$397$248
32 years$1,690$1,181$808$542$359$220
33 years$1,621$1,119$754$499$325$195
34 years$1,556$1,060$705$459$294$174
35 years$1,495$1,006$659$422$266$154
36 years$1,437$955$616$389$241$137
37 years$1,383$907$577$358$219$122
38 years$1,332$862$540$330$198$108
39 years$1,283$819$506$305$180$96
40 years$1,237$779$474$281$163$86
41 years$1,194$742$445$259$148$76
42 years$1,152$707$417$239$134$68
43 years$1,113$673$392$221$122$60
44 years$1,075$642$368$204$111$54
45 years$1,040$612$345$188$100$48
46 years$1,005$584$324$174$91$43
47 years$973$557$305$161$83$38
48 years$942$532$286$149$75$34
49 years$912$508$269$137$68$30
50 years$884$485$253$127$62$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $905,000, adding $4,066 every year, while hoping to spend $39,597 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: 37/42/21 Blend
74$905,000$905,000$905,000$905,000
75$1,001,504$953,539$939,512$1,032,096
76$1,061,527$958,132$928,854$1,059,308
77$1,126,344$961,622$916,513$1,084,683
78$1,196,404$963,915$902,389$1,111,283
79$1,272,199$964,907$886,380$1,139,243
80$1,354,267$964,492$868,378$1,168,711
81$1,443,205$962,554$848,271$1,199,854
82$1,539,664$958,972$825,941$1,232,861
83$1,644,363$953,615$801,263$1,267,940
84$1,758,093$946,347$774,110$1,305,325
85$1,881,723$937,022$744,347$1,345,276
86$2,016,208$925,486$711,832$1,388,087
87$2,162,601$911,575$676,419$1,434,080
88$2,322,060$895,115$637,952$1,483,619
89$2,495,858$875,924$596,271$1,537,108
90$2,685,397$853,805$551,208$1,594,995
91$2,892,220$828,555$502,586$1,657,782
92$3,118,026$799,954$450,222$1,726,024
93$3,364,685$767,771$393,925$1,800,342
94$3,634,254$731,763$333,492$1,881,423
95$3,929,000$691,672$268,716$1,970,032
96$4,251,418$647,223$199,378$2,067,019
97$4,604,254$598,129$125,249$2,173,327
98$4,990,535$544,084$46,092$2,290,004
99$5,413,590$484,765$0$2,418,212
100$5,877,089$419,831$0$2,567,841