Can I retire at age 75 with 1,250,000?

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 $1,250,000?

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$103,224$102,304$101,407$100,532$99,677$98,966
2 years$51,101$50,149$49,227$48,333$47,465$46,748
3 years$33,729$32,773$31,853$30,967$30,114$29,413
4 years$25,045$24,092$23,181$22,310$21,477$20,798
5 years$19,835$18,888$17,989$17,136$16,327$15,671
6 years$16,364$15,424$14,538$13,704$12,919$12,288
7 years$13,885$12,953$12,081$11,267$10,506$9,900
8 years$12,027$11,103$10,246$9,451$8,716$8,135
9 years$10,582$9,667$8,825$8,051$7,340$6,783
10 years$9,427$8,521$7,694$6,940$6,254$5,722
11 years$8,483$7,586$6,773$6,040$5,379$4,870
12 years$7,696$6,809$6,011$5,298$4,661$4,176
13 years$7,031$6,153$5,371$4,677$4,065$3,603
14 years$6,462$5,593$4,825$4,152$3,563$3,124
15 years$5,969$5,109$4,357$3,703$3,137$2,720
16 years$5,538$4,688$3,950$3,315$2,773$2,376
17 years$5,158$4,317$3,594$2,979$2,458$2,083
18 years$4,821$3,989$3,281$2,684$2,186$1,830
19 years$4,519$3,697$3,004$2,426$1,948$1,612
20 years$4,248$3,436$2,757$2,197$1,740$1,422
21 years$4,004$3,200$2,536$1,994$1,557$1,257
22 years$3,781$2,987$2,337$1,813$1,396$1,113
23 years$3,579$2,794$2,158$1,651$1,253$986
24 years$3,393$2,618$1,996$1,506$1,126$875
25 years$3,223$2,457$1,848$1,375$1,014$777
26 years$3,066$2,309$1,714$1,257$913$691
27 years$2,921$2,173$1,592$1,151$823$615
28 years$2,786$2,047$1,480$1,054$743$547
29 years$2,661$1,931$1,377$967$671$488
30 years$2,544$1,824$1,283$887$606$435
31 years$2,436$1,724$1,196$815$548$388
32 years$2,334$1,632$1,116$749$496$346
33 years$2,239$1,545$1,042$689$448$309
34 years$2,149$1,464$973$634$406$275
35 years$2,065$1,389$910$583$368$246
36 years$1,985$1,318$851$537$333$220
37 years$1,910$1,252$797$495$302$196
38 years$1,840$1,190$746$456$274$175
39 years$1,772$1,132$699$421$248$157
40 years$1,709$1,077$655$388$225$140
41 years$1,649$1,025$614$358$204$125
42 years$1,591$976$576$330$185$112
43 years$1,537$930$541$305$168$100
44 years$1,485$886$508$282$153$90
45 years$1,436$845$477$260$139$80
46 years$1,389$806$448$240$126$72
47 years$1,344$770$421$222$114$64
48 years$1,301$735$395$205$104$57
49 years$1,260$702$372$190$94$51
50 years$1,220$670$349$175$86$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,250,000, adding $4,719 every year, while hoping to spend $29,423 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: 57/38/5 Blend
74$1,250,000$1,250,000$1,250,000$1,250,000
75$1,382,368$1,316,118$1,296,743$1,459,579
76$1,492,063$1,349,302$1,308,878$1,545,175
77$1,611,962$1,383,125$1,320,433$1,634,645
78$1,743,073$1,417,589$1,331,358$1,731,384
79$1,886,508$1,452,693$1,341,601$1,836,085
80$2,043,491$1,488,434$1,351,103$1,949,516
81$2,215,370$1,524,810$1,359,808$2,072,518
82$2,403,629$1,561,817$1,367,653$2,206,018
83$2,609,903$1,599,450$1,374,573$2,351,039
84$2,835,991$1,637,701$1,380,500$2,508,704
85$3,083,876$1,676,563$1,385,361$2,680,252
86$3,355,743$1,716,025$1,389,081$2,867,047
87$3,653,995$1,756,077$1,391,582$3,070,591
88$3,981,281$1,796,704$1,392,779$3,292,538
89$4,340,520$1,837,890$1,392,585$3,534,711
90$4,734,925$1,879,620$1,390,909$3,799,116
91$5,168,038$1,921,871$1,387,655$4,087,965
92$5,643,758$1,964,623$1,382,721$4,403,693
93$6,166,381$2,007,849$1,376,002$4,748,985
94$6,740,641$2,051,523$1,367,388$5,126,796
95$7,371,753$2,095,614$1,356,761$5,540,384
96$8,065,460$2,140,087$1,344,001$5,993,337
97$8,828,092$2,184,906$1,328,980$6,489,609
98$9,666,620$2,230,030$1,311,564$7,033,558
99$10,588,728$2,275,414$1,291,614$7,629,984
100$11,602,878$2,321,009$1,268,982$8,284,176