Can I retire at age 75 with 950,000?

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 $950,000?

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$78,450$77,751$77,070$76,404$75,754$75,214
2 years$38,837$38,113$37,412$36,733$36,073$35,529
3 years$25,634$24,908$24,208$23,535$22,887$22,354
4 years$19,034$18,310$17,617$16,956$16,323$15,807
5 years$15,075$14,355$13,672$13,024$12,408$11,910
6 years$12,436$11,722$11,049$10,415$9,818$9,339
7 years$10,552$9,844$9,182$8,563$7,985$7,524
8 years$9,140$8,438$7,787$7,183$6,624$6,182
9 years$8,042$7,347$6,707$6,118$5,579$5,155
10 years$7,165$6,476$5,847$5,274$4,753$4,349
11 years$6,447$5,765$5,148$4,590$4,088$3,702
12 years$5,849$5,175$4,568$4,026$3,543$3,174
13 years$5,344$4,676$4,082$3,554$3,089$2,738
14 years$4,911$4,251$3,667$3,155$2,708$2,374
15 years$4,536$3,883$3,311$2,814$2,384$2,067
16 years$4,209$3,563$3,002$2,520$2,107$1,806
17 years$3,920$3,281$2,732$2,264$1,868$1,583
18 years$3,664$3,032$2,494$2,040$1,661$1,391
19 years$3,435$2,810$2,283$1,843$1,481$1,225
20 years$3,229$2,611$2,095$1,670$1,323$1,081
21 years$3,043$2,432$1,927$1,515$1,184$955
22 years$2,874$2,270$1,776$1,378$1,061$846
23 years$2,720$2,123$1,640$1,255$952$749
24 years$2,579$1,989$1,517$1,144$856$665
25 years$2,449$1,867$1,405$1,045$770$591
26 years$2,330$1,755$1,303$956$694$525
27 years$2,220$1,651$1,210$875$626$467
28 years$2,117$1,556$1,125$801$564$416
29 years$2,022$1,468$1,047$735$510$371
30 years$1,934$1,386$975$674$461$330
31 years$1,851$1,311$909$619$416$295
32 years$1,774$1,240$848$569$377$263
33 years$1,701$1,174$792$523$341$235
34 years$1,633$1,113$740$482$309$209
35 years$1,569$1,056$692$443$280$187
36 years$1,509$1,002$647$408$253$167
37 years$1,452$952$606$376$230$149
38 years$1,398$904$567$347$208$133
39 years$1,347$860$531$320$189$119
40 years$1,299$818$498$295$171$107
41 years$1,253$779$467$272$155$95
42 years$1,209$742$438$251$141$85
43 years$1,168$707$411$232$128$76
44 years$1,129$674$386$214$116$68
45 years$1,091$642$362$198$105$61
46 years$1,055$613$340$183$96$55
47 years$1,021$585$320$169$87$49
48 years$989$558$300$156$79$44
49 years$957$533$282$144$72$39
50 years$928$509$265$133$65$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $950,000, adding $5,155 every year, while hoping to spend $58,750 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: 76/14/10 Blend
74$950,000$950,000$950,000$950,000
75$1,052,217$1,001,867$987,142$1,129,942
76$1,097,034$988,449$957,702$1,168,414
77$1,144,453$972,405$925,307$1,202,597
78$1,194,677$953,543$889,795$1,238,399
79$1,247,930$931,662$850,998$1,275,959
80$1,304,453$906,547$808,741$1,315,433
81$1,364,512$877,973$762,839$1,356,989
82$1,428,398$845,700$713,099$1,400,816
83$1,496,429$809,473$659,322$1,447,123
84$1,568,952$769,025$601,297$1,496,140
85$1,646,349$724,071$538,805$1,548,122
86$1,729,038$674,311$471,615$1,603,352
87$1,817,475$619,429$399,490$1,662,142
88$1,912,164$559,087$322,180$1,724,837
89$2,013,654$492,932$239,422$1,791,819
90$2,122,550$420,588$150,945$1,863,511
91$2,239,513$341,660$56,465$1,940,381
92$2,365,270$255,728$0$2,022,945
93$2,500,621$162,352$0$2,116,509
94$2,646,442$61,065$0$2,223,710
95$2,803,695$0$0$2,339,249
96$2,973,439$0$0$2,471,429
97$3,156,835$0$0$2,624,432
98$3,355,161$0$0$2,789,920
99$3,569,820$0$0$2,969,068
100$3,802,356$0$0$3,163,169