Can I retire at age 75 with 953,000?

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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$78,698$77,997$77,313$76,645$75,994$75,325
2 years$38,959$38,234$37,531$36,849$36,187$35,514
3 years$25,715$24,986$24,285$23,609$22,959$22,301
4 years$19,094$18,367$17,673$17,009$16,374$15,738
5 years$15,122$14,400$13,715$13,065$12,448$11,833
6 years$12,476$11,759$11,084$10,448$9,849$9,259
7 years$10,586$9,875$9,211$8,590$8,010$7,443
8 years$9,169$8,465$7,811$7,206$6,645$6,102
9 years$8,068$7,370$6,728$6,138$5,596$5,076
10 years$7,187$6,496$5,866$5,291$4,768$4,272
11 years$6,467$5,783$5,164$4,605$4,101$3,627
12 years$5,868$5,191$4,583$4,039$3,554$3,102
13 years$5,361$4,691$4,095$3,566$3,099$2,669
14 years$4,927$4,264$3,679$3,165$2,716$2,308
15 years$4,551$3,895$3,322$2,823$2,392$2,004
16 years$4,222$3,574$3,012$2,528$2,114$1,747
17 years$3,933$3,291$2,740$2,271$1,874$1,526
18 years$3,675$3,041$2,502$2,047$1,667$1,337
19 years$3,446$2,819$2,290$1,849$1,485$1,175
20 years$3,239$2,619$2,102$1,675$1,327$1,033
21 years$3,052$2,440$1,933$1,520$1,187$911
22 years$2,883$2,277$1,782$1,382$1,064$804
23 years$2,728$2,130$1,645$1,259$955$710
24 years$2,587$1,996$1,521$1,148$859$628
25 years$2,457$1,873$1,409$1,048$773$556
26 years$2,337$1,760$1,307$959$696$493
27 years$2,227$1,657$1,214$877$628$437
28 years$2,124$1,561$1,128$804$566$388
29 years$2,029$1,473$1,050$737$511$345
30 years$1,940$1,391$978$677$462$306
31 years$1,857$1,315$912$621$418$272
32 years$1,779$1,244$851$571$378$242
33 years$1,707$1,178$794$525$342$215
34 years$1,638$1,117$742$483$310$191
35 years$1,574$1,059$694$445$280$170
36 years$1,514$1,005$649$410$254$152
37 years$1,456$955$607$377$230$135
38 years$1,402$907$569$348$209$120
39 years$1,351$863$533$321$189$107
40 years$1,303$821$500$296$172$96
41 years$1,257$781$468$273$156$85
42 years$1,213$744$439$252$141$76
43 years$1,172$709$412$233$128$68
44 years$1,132$676$387$215$116$60
45 years$1,095$644$363$198$106$54
46 years$1,059$615$341$183$96$48
47 years$1,024$587$321$169$87$43
48 years$992$560$301$156$79$38
49 years$960$535$283$145$72$34
50 years$930$511$266$134$65$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $953,000, adding $6,799 every year, while hoping to spend $57,644 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: 71/9/20 Blend
74$953,000$953,000$953,000$953,000
75$1,057,219$1,006,710$991,939$1,126,681
76$1,103,723$994,706$963,836$1,161,833
77$1,153,038$980,182$932,860$1,192,805
78$1,205,390$962,953$898,853$1,225,277
79$1,261,027$942,825$861,651$1,259,390
80$1,320,218$919,590$821,083$1,295,301
81$1,383,259$893,029$776,968$1,333,182
82$1,450,475$862,911$729,120$1,373,228
83$1,522,219$828,989$677,342$1,415,652
84$1,598,881$791,005$621,428$1,460,691
85$1,680,887$748,684$561,166$1,508,608
86$1,768,703$701,735$496,331$1,559,697
87$1,862,842$649,852$426,689$1,614,280
88$1,963,865$592,708$351,996$1,672,716
89$2,072,390$529,961$271,999$1,735,403
90$2,189,093$461,249$186,430$1,802,781
91$2,314,718$386,187$95,012$1,875,338
92$2,450,079$304,370$0$1,953,615
93$2,596,074$215,371$0$2,038,755
94$2,753,688$118,738$0$2,152,548
95$2,924,001$13,994$0$2,275,500
96$3,108,204$0$0$2,408,493
97$3,307,603$0$0$2,562,339
98$3,523,636$0$0$2,730,561
99$3,757,881$0$0$2,913,008
100$4,012,076$0$0$3,111,037