Can I retire at age 75 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$121,391$120,310$119,255$118,225$117,220$114,619
2 years$60,095$58,975$57,891$56,839$55,819$53,212
3 years$39,665$38,541$37,459$36,417$35,414$32,882
4 years$29,452$28,332$27,261$26,237$25,257$22,821
5 years$23,326$22,212$21,155$20,152$19,200$16,866
6 years$19,244$18,138$17,097$16,116$15,193$12,962
7 years$16,329$15,232$14,207$13,250$12,356$10,230
8 years$14,143$13,057$12,049$11,115$10,250$8,228
9 years$12,444$11,368$10,378$9,467$8,632$6,713
10 years$11,086$10,021$9,048$8,161$7,355$5,536
11 years$9,976$8,921$7,965$7,103$6,326$4,604
12 years$9,051$8,007$7,069$6,230$5,482$3,856
13 years$8,269$7,236$6,316$5,500$4,780$3,247
14 years$7,599$6,577$5,675$4,882$4,190$2,746
15 years$7,020$6,008$5,124$4,354$3,689$2,331
16 years$6,513$5,513$4,645$3,899$3,261$1,985
17 years$6,066$5,077$4,227$3,503$2,891$1,695
18 years$5,669$4,691$3,859$3,157$2,571$1,450
19 years$5,315$4,348$3,532$2,852$2,291$1,243
20 years$4,996$4,040$3,242$2,583$2,047$1,067
21 years$4,708$3,763$2,982$2,345$1,831$917
22 years$4,447$3,513$2,748$2,132$1,642$789
23 years$4,208$3,286$2,538$1,942$1,474$680
24 years$3,990$3,078$2,347$1,771$1,325$586
25 years$3,790$2,889$2,174$1,617$1,192$506
26 years$3,605$2,715$2,016$1,479$1,074$437
27 years$3,435$2,555$1,872$1,353$968$377
28 years$3,276$2,408$1,740$1,240$873$326
29 years$3,129$2,271$1,619$1,137$789$282
30 years$2,992$2,145$1,508$1,044$713$244
31 years$2,864$2,028$1,406$958$644$211
32 years$2,745$1,919$1,312$881$583$182
33 years$2,633$1,817$1,225$810$527$158
34 years$2,527$1,722$1,145$745$478$136
35 years$2,428$1,633$1,070$686$433$118
36 years$2,335$1,550$1,001$632$392$102
37 years$2,247$1,473$937$582$355$89
38 years$2,163$1,399$877$537$322$77
39 years$2,084$1,331$822$495$292$66
40 years$2,010$1,266$771$456$265$58
41 years$1,939$1,205$723$421$240$50
42 years$1,872$1,148$678$389$218$43
43 years$1,808$1,094$636$359$198$37
44 years$1,747$1,042$597$331$180$32
45 years$1,689$994$561$306$163$28
46 years$1,633$948$526$283$148$24
47 years$1,580$905$495$261$134$21
48 years$1,530$864$465$241$122$18
49 years$1,481$825$437$223$111$16
50 years$1,435$788$411$206$101$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,470,000, adding $5,644 every year, while hoping to spend $24,871 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: 79/13/8 Blend
74$1,470,000$1,470,000$1,470,000$1,470,000
75$1,625,762$1,547,852$1,525,067$1,752,007
76$1,765,127$1,597,234$1,549,694$1,885,000
77$1,917,874$1,648,202$1,574,313$2,027,039
78$2,085,341$1,700,808$1,598,896$2,182,116
79$2,269,003$1,755,105$1,623,416$2,351,519
80$2,470,483$1,811,147$1,647,843$2,536,668
81$2,691,571$1,868,992$1,672,144$2,739,125
82$2,934,237$1,928,698$1,696,286$2,960,610
83$3,200,650$1,990,326$1,720,233$3,203,019
84$3,493,202$2,053,937$1,743,947$3,468,436
85$3,814,526$2,119,597$1,767,386$3,759,162
86$4,167,523$2,187,373$1,790,509$4,077,727
87$4,555,389$2,257,332$1,813,269$4,426,920
88$4,981,644$2,329,548$1,835,620$4,809,811
89$5,450,169$2,404,092$1,857,510$5,229,782
90$5,965,235$2,481,042$1,878,885$5,690,562
91$6,531,551$2,560,475$1,899,690$6,196,253
92$7,154,305$2,642,474$1,919,865$6,751,379
93$7,839,209$2,727,121$1,939,346$7,360,920
94$8,592,562$2,814,503$1,958,068$8,030,365
95$9,421,301$2,904,711$1,975,960$8,765,759
96$10,333,068$2,997,836$1,992,949$9,573,764
97$11,336,285$3,093,974$2,008,957$10,461,718
98$12,440,231$3,193,224$2,023,903$11,437,705
99$13,655,131$3,295,688$2,037,700$12,510,634
100$14,992,249$3,401,472$2,050,258$13,690,319