Can I retire at age 75 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$113,133$112,126$111,142$110,183$109,246$107,569
2 years$56,007$54,964$53,953$52,972$52,022$50,336
3 years$36,967$35,919$34,911$33,940$33,005$31,363
4 years$27,449$26,404$25,406$24,452$23,539$21,954
5 years$21,740$20,701$19,716$18,781$17,894$16,370
6 years$17,935$16,904$15,934$15,020$14,159$12,698
7 years$15,218$14,196$13,241$12,348$11,515$10,118
8 years$13,181$12,169$11,229$10,359$9,553$8,219
9 years$11,598$10,595$9,672$8,823$8,045$6,773
10 years$10,332$9,339$8,432$7,606$6,855$5,645
11 years$9,297$8,314$7,424$6,619$5,895$4,745
12 years$8,435$7,462$6,588$5,806$5,109$4,018
13 years$7,706$6,744$5,886$5,126$4,455$3,421
14 years$7,082$6,130$5,289$4,550$3,905$2,927
15 years$6,542$5,600$4,775$4,058$3,438$2,514
16 years$6,070$5,138$4,329$3,633$3,039$2,167
17 years$5,653$4,732$3,939$3,265$2,694$1,873
18 years$5,284$4,372$3,596$2,942$2,396$1,622
19 years$4,953$4,052$3,292$2,658$2,135$1,408
20 years$4,656$3,765$3,021$2,408$1,907$1,224
21 years$4,388$3,507$2,779$2,185$1,707$1,066
22 years$4,144$3,274$2,561$1,987$1,530$929
23 years$3,922$3,062$2,365$1,809$1,373$811
24 years$3,719$2,869$2,187$1,650$1,234$709
25 years$3,532$2,692$2,026$1,507$1,111$620
26 years$3,360$2,530$1,879$1,378$1,001$542
27 years$3,201$2,381$1,745$1,261$902$475
28 years$3,053$2,244$1,622$1,156$814$416
29 years$2,916$2,117$1,509$1,060$735$365
30 years$2,789$1,999$1,406$973$664$320
31 years$2,670$1,890$1,311$893$600$281
32 years$2,558$1,788$1,223$821$543$246
33 years$2,453$1,693$1,142$755$492$216
34 years$2,355$1,605$1,067$695$445$190
35 years$2,263$1,522$997$639$403$167
36 years$2,176$1,445$933$589$365$146
37 years$2,094$1,372$873$543$331$129
38 years$2,016$1,304$818$500$300$113
39 years$1,943$1,240$766$461$272$99
40 years$1,873$1,180$718$425$247$87
41 years$1,807$1,123$673$392$224$77
42 years$1,744$1,070$632$362$203$67
43 years$1,685$1,019$593$334$184$59
44 years$1,628$972$556$309$167$52
45 years$1,574$926$522$285$152$46
46 years$1,522$884$491$263$138$40
47 years$1,473$843$461$243$125$35
48 years$1,426$805$433$225$114$31
49 years$1,381$769$407$208$103$27
50 years$1,338$734$383$192$94$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,370,000, adding $3,849 every year, while hoping to spend $35,860 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: 21/49/30 Blend
74$1,370,000$1,370,000$1,370,000$1,370,000
75$1,513,710$1,441,100$1,419,865$1,531,052
76$1,629,954$1,473,559$1,429,276$1,579,892
77$1,756,853$1,506,407$1,437,800$1,628,853
78$1,895,455$1,539,625$1,445,370$1,680,418
79$2,046,916$1,573,191$1,451,915$1,734,823
80$2,212,508$1,607,083$1,457,360$1,792,326
81$2,393,629$1,641,276$1,461,626$1,853,215
82$2,591,820$1,675,740$1,464,633$1,917,805
83$2,808,780$1,710,445$1,466,292$1,986,448
84$3,046,376$1,745,358$1,466,513$2,059,529
85$3,306,667$1,780,440$1,465,202$2,137,477
86$3,591,919$1,815,654$1,462,258$2,220,765
87$3,904,627$1,850,953$1,457,576$2,309,916
88$4,247,541$1,886,292$1,451,047$2,405,507
89$4,623,689$1,921,619$1,442,555$2,508,177
90$5,036,405$1,956,878$1,431,980$2,618,633
91$5,489,362$1,992,009$1,419,196$2,737,653
92$5,986,608$2,026,948$1,404,069$2,866,101
93$6,532,598$2,061,625$1,386,462$3,004,928
94$7,132,243$2,095,964$1,366,229$3,155,189
95$7,790,951$2,129,886$1,343,217$3,318,045
96$8,514,682$2,163,304$1,317,268$3,494,782
97$9,309,997$2,196,124$1,288,215$3,686,820
98$10,184,130$2,228,247$1,255,883$3,895,727
99$11,145,047$2,259,566$1,220,090$4,123,235
100$12,201,524$2,289,968$1,180,646$4,371,258