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%11.5%
1 years$118,914$117,855$116,821$115,813$114,828$114,104
2 years$58,868$57,772$56,709$55,679$54,680$53,950
3 years$38,856$37,755$36,695$35,674$34,691$33,977
4 years$28,851$27,754$26,704$25,701$24,742$24,050
5 years$22,850$21,759$20,724$19,741$18,808$18,140
6 years$18,851$17,768$16,748$15,787$14,883$14,239
7 years$15,995$14,922$13,917$12,979$12,103$11,485
8 years$13,855$12,791$11,803$10,888$10,041$9,448
9 years$12,191$11,136$10,166$9,274$8,456$7,888
10 years$10,860$9,816$8,863$7,994$7,205$6,661
11 years$9,772$8,739$7,803$6,958$6,196$5,677
12 years$8,866$7,843$6,925$6,103$5,370$4,874
13 years$8,100$7,088$6,187$5,388$4,683$4,210
14 years$7,444$6,443$5,559$4,783$4,105$3,655
15 years$6,876$5,886$5,019$4,265$3,614$3,186
16 years$6,380$5,400$4,550$3,819$3,194$2,788
17 years$5,942$4,973$4,141$3,431$2,832$2,447
18 years$5,554$4,596$3,780$3,092$2,518$2,153
19 years$5,206$4,259$3,460$2,794$2,245$1,899
20 years$4,894$3,958$3,176$2,531$2,005$1,678
21 years$4,612$3,687$2,921$2,297$1,794$1,485
22 years$4,356$3,441$2,692$2,088$1,608$1,317
23 years$4,123$3,218$2,486$1,902$1,444$1,169
24 years$3,909$3,016$2,299$1,735$1,298$1,039
25 years$3,713$2,830$2,129$1,584$1,168$924
26 years$3,532$2,660$1,975$1,448$1,052$823
27 years$3,364$2,503$1,834$1,326$948$733
28 years$3,209$2,359$1,705$1,215$856$654
29 years$3,065$2,225$1,586$1,114$773$583
30 years$2,931$2,101$1,478$1,022$698$521
31 years$2,806$1,986$1,378$939$631$465
32 years$2,689$1,880$1,285$863$571$416
33 years$2,579$1,780$1,200$794$517$372
34 years$2,476$1,687$1,121$730$468$332
35 years$2,379$1,600$1,048$672$424$297
36 years$2,287$1,519$981$619$384$266
37 years$2,201$1,442$918$570$348$238
38 years$2,119$1,371$860$526$315$213
39 years$2,042$1,304$805$485$286$191
40 years$1,969$1,240$755$447$259$171
41 years$1,899$1,181$708$412$235$153
42 years$1,833$1,124$664$381$214$137
43 years$1,771$1,071$623$351$194$123
44 years$1,711$1,021$585$324$176$110
45 years$1,654$974$549$300$160$99
46 years$1,600$929$516$277$145$88
47 years$1,548$886$485$256$132$79
48 years$1,499$846$455$236$120$71
49 years$1,451$808$428$218$109$64
50 years$1,406$772$402$202$99$57

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 $3,187 every year, while hoping to spend $32,784 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: 60/23/17 Blend
74$1,440,000$1,440,000$1,440,000$1,440,000
75$1,590,167$1,513,847$1,491,527$1,678,462
76$1,717,483$1,553,144$1,506,612$1,777,757
77$1,856,685$1,593,267$1,521,102$1,882,110
78$2,008,953$1,634,223$1,534,945$1,995,192
79$2,175,583$1,676,017$1,548,083$2,117,851
80$2,358,003$1,718,653$1,560,454$2,251,022
81$2,557,786$1,762,134$1,571,997$2,395,734
82$2,776,665$1,806,462$1,582,642$2,553,122
83$3,016,545$1,851,639$1,592,321$2,724,435
84$3,279,528$1,897,665$1,600,959$2,911,048
85$3,567,926$1,944,537$1,608,478$3,114,477
86$3,884,289$1,992,254$1,614,797$3,336,393
87$4,231,423$2,040,811$1,619,829$3,578,634
88$4,612,419$2,090,201$1,623,483$3,843,228
89$5,030,682$2,140,417$1,625,667$4,132,407
90$5,489,963$2,191,450$1,626,278$4,448,633
91$5,994,395$2,243,287$1,625,215$4,794,616
92$6,548,530$2,295,914$1,622,365$5,173,343
93$7,157,381$2,349,315$1,617,616$5,588,106
94$7,826,474$2,403,471$1,610,846$6,042,532
95$8,561,894$2,458,361$1,601,929$6,540,619
96$9,370,346$2,513,959$1,590,732$7,086,769
97$10,259,216$2,570,239$1,577,117$7,685,837
98$11,236,645$2,627,169$1,560,939$8,343,170
99$12,311,597$2,684,714$1,542,045$9,064,663
100$13,493,952$2,742,837$1,520,275$9,856,809