Can I retire at age 75 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$75,973$75,296$74,636$73,991$73,362$72,596
2 years$37,610$36,910$36,231$35,573$34,934$34,163
3 years$24,824$24,121$23,444$22,792$22,164$21,411
4 years$18,433$17,731$17,061$16,420$15,807$15,079
5 years$14,599$13,902$13,240$12,612$12,017$11,314
6 years$12,044$11,352$10,700$10,086$9,508$8,833
7 years$10,219$9,533$8,892$8,292$7,733$7,086
8 years$8,852$8,172$7,541$6,956$6,415$5,795
9 years$7,788$7,115$6,495$5,925$5,402$4,810
10 years$6,938$6,271$5,662$5,108$4,603$4,038
11 years$6,243$5,583$4,985$4,445$3,959$3,420
12 years$5,664$5,011$4,424$3,899$3,431$2,918
13 years$5,175$4,529$3,953$3,442$2,992$2,504
14 years$4,756$4,116$3,552$3,056$2,622$2,160
15 years$4,393$3,760$3,207$2,725$2,309$1,870
16 years$4,076$3,450$2,907$2,440$2,041$1,625
17 years$3,796$3,177$2,645$2,192$1,809$1,417
18 years$3,548$2,936$2,415$1,976$1,609$1,238
19 years$3,326$2,721$2,211$1,785$1,434$1,084
20 years$3,127$2,529$2,029$1,617$1,281$951
21 years$2,947$2,355$1,866$1,467$1,146$835
22 years$2,783$2,199$1,720$1,334$1,027$735
23 years$2,634$2,056$1,588$1,215$922$648
24 years$2,497$1,927$1,469$1,108$829$571
25 years$2,372$1,808$1,360$1,012$746$504
26 years$2,256$1,699$1,262$925$672$445
27 years$2,150$1,599$1,172$847$606$394
28 years$2,050$1,507$1,089$776$547$348
29 years$1,958$1,422$1,014$712$494$308
30 years$1,873$1,343$944$653$446$273
31 years$1,793$1,269$880$600$403$242
32 years$1,718$1,201$821$551$365$214
33 years$1,648$1,137$767$507$330$190
34 years$1,582$1,078$716$466$299$169
35 years$1,520$1,022$670$429$271$149
36 years$1,461$970$627$395$245$133
37 years$1,406$922$586$364$222$118
38 years$1,354$876$549$336$202$104
39 years$1,305$833$515$310$183$93
40 years$1,258$792$482$286$166$82
41 years$1,213$754$452$264$150$73
42 years$1,171$718$424$243$136$65
43 years$1,131$684$398$224$124$58
44 years$1,093$652$374$207$112$51
45 years$1,057$622$351$191$102$46
46 years$1,022$593$330$177$93$40
47 years$989$566$310$163$84$36
48 years$957$541$291$151$76$32
49 years$927$516$273$140$69$28
50 years$898$493$257$129$63$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $920,000, adding $6,368 every year, while hoping to spend $41,514 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: 41/47/12 Blend
74$920,000$920,000$920,000$920,000
75$1,020,409$971,649$957,389$1,058,376
76$1,080,320$975,089$945,291$1,089,135
77$1,144,950$977,306$931,396$1,117,802
78$1,214,738$978,197$915,600$1,147,913
79$1,290,164$977,651$897,795$1,179,616
80$1,371,756$975,551$877,867$1,213,080
81$1,460,095$971,774$855,696$1,248,490
82$1,555,821$966,186$831,157$1,286,054
83$1,659,634$958,649$804,120$1,326,005
84$1,772,307$949,013$774,449$1,368,602
85$1,894,690$937,123$742,001$1,414,133
86$2,027,717$922,810$706,626$1,462,920
87$2,172,415$905,899$668,169$1,515,321
88$2,329,915$886,202$626,467$1,571,734
89$2,501,462$863,521$581,349$1,632,604
90$2,688,424$837,646$532,637$1,698,422
91$2,892,308$808,356$480,145$1,769,738
92$3,114,773$775,415$423,679$1,847,161
93$3,357,644$738,574$363,037$1,931,367
94$3,622,930$697,571$298,005$2,023,111
95$3,912,844$652,127$228,364$2,123,225
96$4,229,821$601,948$153,881$2,232,637
97$4,576,543$546,723$74,315$2,352,376
98$4,955,961$486,124$0$2,483,582
99$5,371,328$419,803$0$2,628,877
100$5,826,222$347,392$0$2,798,550