Can I retire at age 75 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$80,762$80,043$79,341$78,656$77,987$77,398
2 years$39,981$39,237$38,515$37,815$37,137$36,543
3 years$26,389$25,642$24,922$24,229$23,561$22,981
4 years$19,595$18,849$18,137$17,455$16,804$16,242
5 years$15,519$14,778$14,075$13,407$12,774$12,232
6 years$12,803$12,067$11,375$10,722$10,108$9,586
7 years$10,863$10,134$9,452$8,815$8,220$7,719
8 years$9,410$8,687$8,016$7,395$6,820$6,339
9 years$8,279$7,563$6,904$6,299$5,743$5,283
10 years$7,376$6,667$6,019$5,430$4,893$4,453
11 years$6,637$5,935$5,299$4,725$4,208$3,788
12 years$6,022$5,327$4,703$4,145$3,647$3,246
13 years$5,501$4,814$4,202$3,659$3,180$2,799
14 years$5,056$4,376$3,775$3,248$2,788$2,425
15 years$4,670$3,997$3,409$2,897$2,455$2,110
16 years$4,333$3,668$3,091$2,594$2,169$1,842
17 years$4,036$3,378$2,812$2,331$1,923$1,613
18 years$3,772$3,121$2,567$2,100$1,710$1,417
19 years$3,536$2,893$2,350$1,898$1,524$1,247
20 years$3,324$2,688$2,157$1,719$1,362$1,099
21 years$3,132$2,504$1,984$1,560$1,219$971
22 years$2,958$2,337$1,828$1,418$1,092$859
23 years$2,800$2,186$1,688$1,292$980$761
24 years$2,655$2,048$1,561$1,178$881$674
25 years$2,521$1,922$1,446$1,076$793$599
26 years$2,399$1,806$1,341$984$714$532
27 years$2,285$1,700$1,245$900$644$473
28 years$2,180$1,602$1,158$825$581$421
29 years$2,082$1,511$1,077$757$525$374
30 years$1,991$1,427$1,004$694$474$333
31 years$1,906$1,349$936$638$429$297
32 years$1,826$1,277$873$586$388$265
33 years$1,751$1,209$815$539$351$236
34 years$1,681$1,146$762$496$318$211
35 years$1,615$1,087$712$456$288$188
36 years$1,553$1,032$666$420$261$168
37 years$1,495$980$623$387$236$150
38 years$1,439$931$584$357$214$134
39 years$1,387$885$547$329$194$119
40 years$1,337$842$513$304$176$107
41 years$1,290$802$481$280$160$95
42 years$1,245$764$451$259$145$85
43 years$1,203$728$423$239$132$76
44 years$1,162$694$397$220$119$68
45 years$1,123$661$373$204$108$61
46 years$1,087$631$350$188$98$54
47 years$1,051$602$329$174$89$49
48 years$1,018$575$309$160$81$43
49 years$986$549$291$148$74$39
50 years$955$524$273$137$67$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $978,000, adding $5,775 every year, while hoping to spend $43,678 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: 67/18/15 Blend
74$978,000$978,000$978,000$978,000
75$1,083,713$1,031,879$1,016,720$1,152,115
76$1,147,779$1,035,968$1,004,307$1,202,574
77$1,216,915$1,038,793$990,014$1,252,059
78$1,291,593$1,040,247$973,733$1,305,071
79$1,372,331$1,040,215$955,348$1,361,955
80$1,459,698$1,038,574$934,741$1,423,089
81$1,554,319$1,035,196$911,787$1,488,891
82$1,656,881$1,029,943$886,354$1,559,823
83$1,768,142$1,022,669$858,305$1,636,395
84$1,888,932$1,013,219$827,498$1,719,168
85$2,020,167$1,001,431$793,783$1,808,766
86$2,162,853$987,130$757,004$1,905,873
87$2,318,096$970,131$716,996$2,011,248
88$2,487,116$950,241$673,588$2,125,726
89$2,671,251$927,252$626,603$2,250,230
90$2,871,977$900,946$575,853$2,385,780
91$3,090,917$871,091$521,142$2,533,499
92$3,329,858$837,442$462,268$2,694,630
93$3,590,767$799,740$399,017$2,870,542
94$3,875,808$757,710$331,167$3,062,749
95$4,187,365$711,062$258,486$3,272,919
96$4,528,062$659,490$180,731$3,502,894
97$4,900,788$602,669$97,649$3,754,707
98$5,308,724$540,255$8,976$4,030,602
99$5,755,373$471,887$0$4,333,054
100$6,244,593$397,182$0$4,678,503