Can I retire at age 75 with 1,290,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$106,527$105,578$104,652$103,749$102,866$101,750
2 years$52,736$51,754$50,802$49,879$48,984$47,860
3 years$34,808$33,822$32,872$31,958$31,077$29,980
4 years$25,846$24,863$23,923$23,024$22,165$21,103
5 years$20,470$19,493$18,565$17,685$16,849$15,827
6 years$16,887$15,917$15,003$14,143$13,332$12,350
7 years$14,329$13,367$12,468$11,627$10,843$9,901
8 years$12,411$11,458$10,574$9,754$8,995$8,093
9 years$10,921$9,976$9,107$8,308$7,575$6,713
10 years$9,729$8,794$7,940$7,162$6,454$5,632
11 years$8,754$7,829$6,990$6,233$5,551$4,768
12 years$7,943$7,026$6,203$5,467$4,810$4,065
13 years$7,256$6,350$5,542$4,827$4,195$3,486
14 years$6,669$5,772$4,980$4,284$3,677$3,005
15 years$6,160$5,273$4,496$3,821$3,238$2,600
16 years$5,715$4,838$4,076$3,421$2,861$2,258
17 years$5,323$4,455$3,709$3,074$2,537$1,967
18 years$4,975$4,117$3,386$2,770$2,256$1,717
19 years$4,664$3,815$3,100$2,503$2,011$1,502
20 years$4,384$3,545$2,845$2,267$1,796$1,317
21 years$4,132$3,302$2,617$2,058$1,607$1,156
22 years$3,902$3,083$2,412$1,871$1,441$1,017
23 years$3,693$2,883$2,227$1,704$1,293$895
24 years$3,502$2,701$2,059$1,554$1,162$789
25 years$3,326$2,535$1,907$1,419$1,046$696
26 years$3,164$2,383$1,769$1,298$942$614
27 years$3,014$2,242$1,643$1,188$849$542
28 years$2,875$2,113$1,527$1,088$766$479
29 years$2,746$1,993$1,421$998$692$424
30 years$2,626$1,882$1,324$916$625$375
31 years$2,514$1,780$1,234$841$565$332
32 years$2,409$1,684$1,151$773$511$294
33 years$2,310$1,595$1,075$711$463$261
34 years$2,218$1,511$1,004$654$419$231
35 years$2,131$1,433$939$602$380$205
36 years$2,049$1,361$879$555$344$181
37 years$1,971$1,292$822$511$312$161
38 years$1,898$1,228$770$471$283$143
39 years$1,829$1,168$721$434$256$127
40 years$1,764$1,111$676$400$232$112
41 years$1,701$1,058$634$370$211$100
42 years$1,642$1,007$595$341$191$88
43 years$1,586$960$558$315$174$78
44 years$1,533$915$524$291$158$70
45 years$1,482$872$492$268$143$62
46 years$1,433$832$462$248$130$55
47 years$1,387$794$434$229$118$49
48 years$1,342$758$408$212$107$43
49 years$1,300$724$383$196$97$38
50 years$1,259$692$360$181$88$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,290,000, adding $6,514 every year, while hoping to spend $28,409 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: 64/18/18 Blend
74$1,290,000$1,290,000$1,290,000$1,290,000
75$1,428,299$1,359,929$1,339,934$1,512,862
76$1,543,759$1,396,339$1,354,595$1,606,856
77$1,670,043$1,433,580$1,368,795$1,705,672
78$1,808,226$1,471,664$1,382,488$1,812,947
79$1,959,491$1,510,602$1,395,627$1,929,508
80$2,125,140$1,550,402$1,408,161$2,056,268
81$2,306,607$1,591,074$1,420,038$2,194,228
82$2,505,472$1,632,628$1,431,200$2,344,495
83$2,723,474$1,675,071$1,441,589$2,508,286
84$2,962,529$1,718,410$1,451,143$2,686,943
85$3,224,748$1,762,653$1,459,797$2,881,942
86$3,512,454$1,807,805$1,467,483$3,094,912
87$3,828,208$1,853,871$1,474,127$3,327,645
88$4,174,829$1,900,855$1,479,655$3,582,117
89$4,555,425$1,948,760$1,483,986$3,860,506
90$4,973,416$1,997,587$1,487,037$4,165,208
91$5,432,573$2,047,337$1,488,721$4,498,867
92$5,937,047$2,098,009$1,488,945$4,864,393
93$6,491,414$2,149,599$1,487,613$5,264,996
94$7,100,713$2,202,104$1,484,623$5,704,210
95$7,770,497$2,255,518$1,479,869$6,185,929
96$8,506,882$2,309,833$1,473,239$6,714,447
97$9,316,608$2,365,039$1,464,616$7,294,492
98$10,207,100$2,421,124$1,453,879$7,931,277
99$11,186,538$2,478,073$1,440,898$8,630,544
100$12,263,936$2,535,869$1,425,539$9,398,623