Can I retire at age 75 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$123,043$121,947$120,878$119,834$118,815$116,273
2 years$60,912$59,778$58,678$57,612$56,578$54,030
3 years$40,205$39,065$37,969$36,913$35,896$33,420
4 years$29,853$28,717$27,632$26,594$25,601$23,218
5 years$23,644$22,515$21,443$20,426$19,462$17,177
6 years$19,505$18,385$17,329$16,335$15,399$13,216
7 years$16,551$15,440$14,401$13,430$12,524$10,442
8 years$14,336$13,235$12,213$11,266$10,390$8,409
9 years$12,614$11,523$10,519$9,596$8,750$6,868
10 years$11,237$10,157$9,171$8,272$7,455$5,671
11 years$10,111$9,042$8,074$7,199$6,412$4,723
12 years$9,174$8,116$7,165$6,315$5,556$3,960
13 years$8,381$7,334$6,402$5,575$4,845$3,339
14 years$7,703$6,667$5,752$4,949$4,247$2,828
15 years$7,115$6,090$5,193$4,413$3,740$2,404
16 years$6,601$5,588$4,708$3,952$3,305$2,050
17 years$6,148$5,146$4,284$3,551$2,930$1,753
18 years$5,746$4,755$3,911$3,200$2,606$1,502
19 years$5,387$4,407$3,580$2,891$2,322$1,289
20 years$5,064$4,095$3,286$2,619$2,074$1,108
21 years$4,772$3,815$3,022$2,377$1,856$954
22 years$4,507$3,561$2,786$2,161$1,664$822
23 years$4,266$3,330$2,572$1,968$1,494$710
24 years$4,045$3,120$2,379$1,795$1,343$613
25 years$3,841$2,928$2,203$1,639$1,208$529
26 years$3,654$2,752$2,043$1,499$1,088$458
27 years$3,481$2,590$1,897$1,372$981$396
28 years$3,321$2,441$1,764$1,257$885$343
29 years$3,172$2,302$1,641$1,153$799$297
30 years$3,033$2,174$1,529$1,058$722$257
31 years$2,903$2,055$1,425$972$653$223
32 years$2,782$1,945$1,330$893$591$193
33 years$2,668$1,842$1,242$821$535$167
34 years$2,562$1,746$1,160$755$484$145
35 years$2,461$1,656$1,085$695$438$126
36 years$2,366$1,572$1,015$640$397$109
37 years$2,277$1,493$950$590$360$95
38 years$2,193$1,418$889$544$326$82
39 years$2,113$1,349$833$502$296$71
40 years$2,037$1,283$781$463$268$62
41 years$1,965$1,222$732$427$244$54
42 years$1,897$1,163$687$394$221$47
43 years$1,832$1,108$645$364$201$40
44 years$1,770$1,057$605$336$182$35
45 years$1,711$1,008$568$310$165$30
46 years$1,655$961$534$286$150$26
47 years$1,602$917$501$265$136$23
48 years$1,551$876$471$244$124$20
49 years$1,502$836$443$226$112$17
50 years$1,455$799$416$209$102$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,490,000, adding $2,179 every year, while hoping to spend $53,922 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: 42/47/11 Blend
74$1,490,000$1,490,000$1,490,000$1,490,000
75$1,644,228$1,565,258$1,542,163$1,707,898
76$1,754,566$1,584,583$1,536,452$1,771,992
77$1,874,352$1,603,047$1,528,744$1,835,787
78$2,004,492$1,620,553$1,518,913$1,903,664
79$2,145,983$1,636,993$1,506,829$1,976,017
80$2,299,923$1,652,255$1,492,358$2,053,284
81$2,467,519$1,666,219$1,475,356$2,135,949
82$2,650,100$1,678,758$1,455,673$2,224,545
83$2,849,126$1,689,733$1,433,155$2,319,665
84$3,066,208$1,699,001$1,407,637$2,421,964
85$3,303,116$1,706,407$1,378,947$2,532,165
86$3,561,800$1,711,787$1,346,908$2,651,071
87$3,844,405$1,714,966$1,311,331$2,779,566
88$4,153,294$1,715,759$1,272,020$2,918,630
89$4,491,067$1,713,968$1,228,770$3,069,348
90$4,860,589$1,709,385$1,181,366$3,232,917
91$5,265,011$1,701,788$1,129,585$3,410,661
92$5,707,808$1,690,940$1,073,191$3,604,046
93$6,192,800$1,676,593$1,011,939$3,814,690
94$6,724,201$1,658,481$945,574$4,044,381
95$7,306,646$1,636,323$873,827$4,295,099
96$7,945,242$1,609,821$796,419$4,569,027
97$8,645,615$1,578,660$713,057$4,868,581
98$9,413,959$1,542,506$623,436$5,196,429
99$10,257,099$1,501,005$527,237$5,555,519
100$11,182,551$1,453,783$424,128$5,949,108