Can I retire at age 75 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$96,618$95,757$94,917$94,098$93,297$91,339
2 years$47,830$46,940$46,076$45,239$44,427$42,464
3 years$31,570$30,676$29,814$28,985$28,187$26,279
4 years$23,442$22,550$21,697$20,882$20,103$18,265
5 years$18,566$17,679$16,838$16,040$15,282$13,520
6 years$15,316$14,436$13,608$12,827$12,092$10,408
7 years$12,996$12,124$11,308$10,546$9,834$8,228
8 years$11,257$10,392$9,590$8,847$8,158$6,630
9 years$9,905$9,048$8,260$7,535$6,870$5,418
10 years$8,824$7,976$7,201$6,496$5,854$4,477
11 years$7,940$7,100$6,340$5,653$5,035$3,731
12 years$7,204$6,373$5,626$4,958$4,363$3,130
13 years$6,581$5,759$5,027$4,378$3,805$2,641
14 years$6,048$5,235$4,517$3,886$3,335$2,238
15 years$5,587$4,782$4,078$3,466$2,936$1,904
16 years$5,184$4,388$3,697$3,103$2,595$1,625
17 years$4,828$4,041$3,364$2,788$2,301$1,390
18 years$4,512$3,734$3,071$2,513$2,046$1,192
19 years$4,230$3,461$2,812$2,270$1,824$1,024
20 years$3,976$3,216$2,580$2,056$1,629$881
21 years$3,747$2,995$2,373$1,866$1,458$759
22 years$3,539$2,796$2,187$1,697$1,307$655
23 years$3,350$2,615$2,020$1,545$1,173$565
24 years$3,176$2,450$1,868$1,409$1,054$489
25 years$3,016$2,299$1,730$1,287$949$423
26 years$2,869$2,161$1,605$1,177$855$366
27 years$2,734$2,034$1,490$1,077$770$317
28 years$2,608$1,916$1,385$987$695$274
29 years$2,491$1,808$1,289$905$628$238
30 years$2,382$1,707$1,201$831$567$206
31 years$2,280$1,614$1,119$763$513$179
32 years$2,185$1,527$1,044$701$464$155
33 years$2,095$1,446$975$645$420$134
34 years$2,011$1,371$911$593$380$117
35 years$1,933$1,300$852$546$344$101
36 years$1,858$1,234$797$503$312$88
37 years$1,788$1,172$746$463$283$76
38 years$1,722$1,114$698$427$256$66
39 years$1,659$1,059$654$394$232$57
40 years$1,600$1,008$613$363$211$50
41 years$1,543$959$575$335$191$43
42 years$1,490$914$539$309$174$38
43 years$1,439$870$506$286$157$33
44 years$1,390$830$475$264$143$28
45 years$1,344$791$446$243$130$25
46 years$1,300$755$419$225$118$21
47 years$1,258$720$394$208$107$19
48 years$1,218$688$370$192$97$16
49 years$1,179$657$348$177$88$14
50 years$1,142$627$327$164$80$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,170,000, adding $5,024 every year, while hoping to spend $29,523 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: 36/47/17 Blend
74$1,170,000$1,170,000$1,170,000$1,170,000
75$1,294,522$1,232,512$1,214,377$1,334,249
76$1,395,151$1,261,493$1,223,647$1,392,483
77$1,505,055$1,290,905$1,232,237$1,452,159
78$1,625,148$1,320,736$1,240,095$1,515,957
79$1,756,438$1,350,977$1,247,163$1,584,263
80$1,900,034$1,381,614$1,253,381$1,657,499
81$2,057,156$1,412,632$1,258,688$1,736,131
82$2,229,149$1,444,014$1,263,018$1,820,672
83$2,417,493$1,475,742$1,266,300$1,911,690
84$2,623,820$1,507,795$1,268,463$2,009,807
85$2,849,923$1,540,151$1,269,430$2,115,712
86$3,097,781$1,572,784$1,269,122$2,230,163
87$3,369,571$1,605,667$1,267,454$2,353,995
88$3,667,692$1,638,770$1,264,338$2,488,130
89$3,994,786$1,672,058$1,259,683$2,633,583
90$4,353,762$1,705,497$1,253,390$2,791,474
91$4,747,826$1,739,048$1,245,360$2,963,037
92$5,180,510$1,772,666$1,235,484$3,149,634
93$5,655,702$1,806,306$1,223,653$3,352,766
94$6,177,687$1,839,919$1,209,749$3,574,087
95$6,751,185$1,873,449$1,193,650$3,815,421
96$7,381,396$1,906,839$1,175,227$4,078,780
97$8,074,049$1,940,024$1,154,348$4,366,383
98$8,835,455$1,972,938$1,130,871$4,680,675
99$9,672,567$2,005,507$1,104,651$5,024,353
100$10,593,044$2,037,653$1,075,532$5,400,390