Can I retire at age 75 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$84,231$83,480$82,748$82,034$81,336$80,520
2 years$41,698$40,922$40,169$39,439$38,732$37,910
3 years$27,523$26,743$25,992$25,269$24,573$23,771
4 years$20,436$19,659$18,916$18,205$17,526$16,749
5 years$16,186$15,413$14,679$13,983$13,323$12,574
6 years$13,353$12,586$11,863$11,182$10,542$9,822
7 years$11,330$10,569$9,858$9,194$8,573$7,883
8 years$9,814$9,060$8,361$7,712$7,112$6,452
9 years$8,635$7,888$7,201$6,569$5,990$5,358
10 years$7,692$6,953$6,278$5,663$5,103$4,500
11 years$6,922$6,190$5,527$4,928$4,389$3,814
12 years$6,280$5,556$4,905$4,323$3,804$3,256
13 years$5,738$5,021$4,382$3,816$3,317$2,796
14 years$5,273$4,564$3,938$3,388$2,907$2,413
15 years$4,871$4,169$3,555$3,021$2,560$2,091
16 years$4,519$3,825$3,223$2,705$2,262$1,819
17 years$4,209$3,523$2,933$2,431$2,006$1,586
18 years$3,934$3,255$2,677$2,190$1,784$1,387
19 years$3,688$3,017$2,451$1,979$1,590$1,215
20 years$3,467$2,803$2,249$1,793$1,420$1,067
21 years$3,267$2,611$2,069$1,627$1,271$938
22 years$3,085$2,438$1,907$1,479$1,139$826
23 years$2,920$2,280$1,761$1,347$1,023$728
24 years$2,769$2,136$1,628$1,229$919$643
25 years$2,630$2,005$1,508$1,122$827$568
26 years$2,502$1,884$1,399$1,026$745$502
27 years$2,383$1,773$1,299$939$672$444
28 years$2,273$1,671$1,208$860$606$393
29 years$2,171$1,576$1,124$789$547$348
30 years$2,076$1,488$1,047$724$494$309
31 years$1,988$1,407$976$665$447$274
32 years$1,905$1,331$910$611$404$243
33 years$1,827$1,261$850$562$366$215
34 years$1,754$1,195$794$517$331$191
35 years$1,685$1,133$743$476$300$170
36 years$1,620$1,076$695$438$272$151
37 years$1,559$1,022$650$404$246$134
38 years$1,501$971$609$372$223$119
39 years$1,446$923$570$343$203$106
40 years$1,395$879$535$317$184$94
41 years$1,345$836$501$292$167$83
42 years$1,299$796$470$270$151$74
43 years$1,254$759$441$249$137$66
44 years$1,212$723$414$230$125$59
45 years$1,172$690$389$212$113$52
46 years$1,133$658$365$196$103$46
47 years$1,097$628$343$181$93$41
48 years$1,061$599$323$167$85$37
49 years$1,028$572$303$155$77$33
50 years$996$547$285$143$70$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,020,000, adding $3,684 every year, while hoping to spend $35,224 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: 49/46/5 Blend
74$1,020,000$1,020,000$1,020,000$1,020,000
75$1,127,840$1,073,780$1,057,970$1,181,542
76$1,205,402$1,088,917$1,055,934$1,233,685
77$1,289,694$1,103,616$1,052,649$1,286,212
78$1,381,366$1,117,816$1,048,037$1,342,417
79$1,481,133$1,131,457$1,042,013$1,402,653
80$1,589,781$1,144,470$1,034,493$1,467,308
81$1,708,174$1,156,784$1,025,383$1,536,808
82$1,837,264$1,168,324$1,014,591$1,611,627
83$1,978,100$1,179,006$1,002,014$1,692,286
84$2,131,834$1,188,746$987,550$1,779,360
85$2,299,736$1,197,449$971,087$1,873,486
86$2,483,204$1,205,018$952,513$1,975,363
87$2,683,775$1,211,349$931,707$2,085,766
88$2,903,144$1,216,329$908,543$2,205,550
89$3,143,176$1,219,840$882,890$2,335,658
90$3,405,924$1,221,756$854,611$2,477,132
91$3,693,650$1,221,944$823,563$2,631,119
92$4,008,844$1,220,261$789,594$2,798,890
93$4,354,249$1,216,557$752,548$2,981,844
94$4,732,885$1,210,671$712,261$3,181,526
95$5,148,079$1,202,434$668,561$3,399,642
96$5,603,494$1,191,664$621,270$3,638,075
97$6,103,167$1,178,172$570,198$3,898,902
98$6,651,542$1,161,754$515,152$4,184,414
99$7,253,515$1,142,196$455,926$4,497,143
100$7,914,481$1,119,271$392,306$4,839,880