Can I retire at age 75 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$118,914$117,855$116,821$115,813$114,828$111,196
2 years$58,868$57,772$56,709$55,679$54,680$51,054
3 years$38,856$37,755$36,695$35,674$34,691$31,185
4 years$28,851$27,754$26,704$25,701$24,742$21,382
5 years$22,850$21,759$20,724$19,741$18,808$15,604
6 years$18,851$17,768$16,748$15,787$14,883$11,836
7 years$15,995$14,922$13,917$12,979$12,103$9,215
8 years$13,855$12,791$11,803$10,888$10,041$7,309
9 years$12,191$11,136$10,166$9,274$8,456$5,876
10 years$10,860$9,816$8,863$7,994$7,205$4,774
11 years$9,772$8,739$7,803$6,958$6,196$3,910
12 years$8,866$7,843$6,925$6,103$5,370$3,223
13 years$8,100$7,088$6,187$5,388$4,683$2,670
14 years$7,444$6,443$5,559$4,783$4,105$2,222
15 years$6,876$5,886$5,019$4,265$3,614$1,855
16 years$6,380$5,400$4,550$3,819$3,194$1,552
17 years$5,942$4,973$4,141$3,431$2,832$1,302
18 years$5,554$4,596$3,780$3,092$2,518$1,095
19 years$5,206$4,259$3,460$2,794$2,245$922
20 years$4,894$3,958$3,176$2,531$2,005$777
21 years$4,612$3,687$2,921$2,297$1,794$656
22 years$4,356$3,441$2,692$2,088$1,608$554
23 years$4,123$3,218$2,486$1,902$1,444$468
24 years$3,909$3,016$2,299$1,735$1,298$396
25 years$3,713$2,830$2,129$1,584$1,168$335
26 years$3,532$2,660$1,975$1,448$1,052$284
27 years$3,364$2,503$1,834$1,326$948$240
28 years$3,209$2,359$1,705$1,215$856$204
29 years$3,065$2,225$1,586$1,114$773$173
30 years$2,931$2,101$1,478$1,022$698$146
31 years$2,806$1,986$1,378$939$631$124
32 years$2,689$1,880$1,285$863$571$105
33 years$2,579$1,780$1,200$794$517$89
34 years$2,476$1,687$1,121$730$468$76
35 years$2,379$1,600$1,048$672$424$64
36 years$2,287$1,519$981$619$384$55
37 years$2,201$1,442$918$570$348$46
38 years$2,119$1,371$860$526$315$39
39 years$2,042$1,304$805$485$286$33
40 years$1,969$1,240$755$447$259$28
41 years$1,899$1,181$708$412$235$24
42 years$1,833$1,124$664$381$214$20
43 years$1,771$1,071$623$351$194$17
44 years$1,711$1,021$585$324$176$15
45 years$1,654$974$549$300$160$12
46 years$1,600$929$516$277$145$11
47 years$1,548$886$485$256$132$9
48 years$1,499$846$455$236$120$8
49 years$1,451$808$428$218$109$6
50 years$1,406$772$402$202$99$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,440,000, adding $6,240 every year, while hoping to spend $47,774 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: 46/39/15 Blend
74$1,440,000$1,440,000$1,440,000$1,440,000
75$1,593,317$1,516,997$1,494,677$1,659,557
76$1,705,004$1,540,498$1,493,917$1,729,740
77$1,826,482$1,563,550$1,491,531$1,800,494
78$1,958,699$1,586,080$1,487,413$1,876,214
79$2,102,699$1,608,011$1,481,454$1,957,380
80$2,259,629$1,629,258$1,473,538$2,044,521
81$2,430,753$1,649,734$1,463,544$2,138,224
82$2,617,463$1,669,344$1,451,345$2,239,135
83$2,821,288$1,687,986$1,436,809$2,347,968
84$3,043,914$1,705,552$1,419,797$2,465,512
85$3,287,196$1,721,926$1,400,162$2,592,637
86$3,553,176$1,736,986$1,377,754$2,730,306
87$3,844,102$1,750,601$1,352,411$2,879,578
88$4,162,450$1,762,631$1,323,967$3,041,627
89$4,510,948$1,772,927$1,292,247$3,217,747
90$4,892,595$1,781,331$1,257,068$3,409,367
91$5,310,699$1,787,675$1,218,239$3,618,064
92$5,768,899$1,791,780$1,175,559$3,845,579
93$6,271,206$1,793,457$1,128,820$4,093,836
94$6,822,036$1,792,503$1,077,802$4,364,956
95$7,426,252$1,788,704$1,022,276$4,661,282
96$8,089,212$1,781,833$962,005$4,985,399
97$8,816,816$1,771,647$896,736$5,340,163
98$9,615,565$1,757,891$826,211$5,728,722
99$10,492,618$1,740,294$750,154$6,154,553
100$11,455,863$1,718,566$668,282$6,621,492