Can I retire at age 75 with 916,000?

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 $916,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$75,642$74,969$74,311$73,670$73,043$72,461
2 years$37,447$36,749$36,073$35,418$34,782$34,196
3 years$24,717$24,016$23,342$22,693$22,067$21,494
4 years$18,353$17,654$16,987$16,349$15,739$15,184
5 years$14,535$13,841$13,183$12,557$11,964$11,429
6 years$11,991$11,302$10,653$10,042$9,467$8,952
7 years$10,175$9,492$8,853$8,256$7,699$7,204
8 years$8,813$8,136$7,508$6,926$6,387$5,913
9 years$7,755$7,084$6,467$5,899$5,379$4,925
10 years$6,908$6,244$5,638$5,085$4,583$4,149
11 years$6,216$5,559$4,963$4,426$3,942$3,527
12 years$5,640$4,989$4,405$3,882$3,416$3,021
13 years$5,153$4,509$3,936$3,427$2,979$2,603
14 years$4,735$4,098$3,536$3,042$2,611$2,254
15 years$4,374$3,744$3,193$2,713$2,299$1,959
16 years$4,058$3,435$2,895$2,429$2,032$1,710
17 years$3,780$3,164$2,634$2,183$1,802$1,496
18 years$3,533$2,923$2,404$1,967$1,602$1,313
19 years$3,312$2,709$2,201$1,777$1,428$1,155
20 years$3,113$2,518$2,020$1,610$1,275$1,017
21 years$2,934$2,345$1,858$1,461$1,141$898
22 years$2,771$2,189$1,713$1,328$1,023$794
23 years$2,622$2,047$1,581$1,210$918$702
24 years$2,486$1,918$1,462$1,103$825$622
25 years$2,362$1,800$1,354$1,008$743$552
26 years$2,247$1,692$1,256$921$669$490
27 years$2,140$1,592$1,166$843$603$435
28 years$2,042$1,500$1,084$773$544$387
29 years$1,950$1,415$1,009$709$491$344
30 years$1,865$1,337$940$650$444$306
31 years$1,785$1,264$876$597$401$273
32 years$1,710$1,196$818$549$363$243
33 years$1,640$1,132$763$505$329$216
34 years$1,575$1,073$713$464$298$193
35 years$1,513$1,018$667$428$270$172
36 years$1,455$966$624$394$244$153
37 years$1,400$918$584$363$221$137
38 years$1,348$872$547$334$201$122
39 years$1,299$829$512$308$182$109
40 years$1,252$789$480$284$165$97
41 years$1,208$751$450$262$150$87
42 years$1,166$715$422$242$136$77
43 years$1,126$681$396$224$123$69
44 years$1,088$650$372$206$112$62
45 years$1,052$619$349$191$102$55
46 years$1,018$591$328$176$92$49
47 years$985$564$308$163$84$44
48 years$953$538$290$150$76$39
49 years$923$514$272$139$69$35
50 years$894$491$256$128$63$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $916,000, adding $2,204 every year, while hoping to spend $57,461 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: 68/11/21 Blend
74$916,000$916,000$916,000$916,000
75$1,011,705$963,157$948,959$1,075,042
76$1,053,761$949,214$919,612$1,103,764
77$1,098,181$932,662$887,355$1,128,297
78$1,145,145$913,312$852,031$1,153,754
79$1,194,850$890,964$813,474$1,180,222
80$1,247,512$865,409$771,512$1,207,801
81$1,303,365$836,420$725,965$1,236,603
82$1,362,666$803,763$676,642$1,266,751
83$1,425,696$767,185$623,348$1,298,386
84$1,492,762$726,422$565,875$1,331,661
85$1,564,201$681,194$504,009$1,366,750
86$1,640,380$631,204$437,524$1,403,846
87$1,721,704$576,138$366,186$1,443,165
88$1,808,614$515,664$289,750$1,484,946
89$1,901,595$449,434$207,958$1,529,457
90$2,001,177$377,076$120,545$1,576,994
91$2,107,944$298,200$27,230$1,627,890
92$2,222,535$212,392$0$1,682,512
93$2,345,650$119,216$0$1,757,483
94$2,478,060$18,211$0$1,844,610
95$2,620,611$0$0$1,938,362
96$2,774,230$0$0$2,050,404
97$2,939,938$0$0$2,173,680
98$3,118,853$0$0$2,306,827
99$3,312,208$0$0$2,450,764
100$3,521,355$0$0$2,606,505