Can I retire at age 75 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$123,869$122,765$121,689$120,638$119,612$118,511
2 years$61,321$60,179$59,072$57,999$56,958$55,849
3 years$40,475$39,328$38,224$37,161$36,137$35,053
4 years$30,053$28,910$27,817$26,772$25,773$24,724
5 years$23,802$22,666$21,587$20,564$19,592$18,581
6 years$19,636$18,508$17,446$16,445$15,503$14,530
7 years$16,662$15,543$14,497$13,520$12,608$11,674
8 years$14,432$13,323$12,295$11,342$10,459$9,565
9 years$12,698$11,600$10,590$9,661$8,808$7,953
10 years$11,312$10,225$9,232$8,328$7,505$6,688
11 years$10,179$9,103$8,128$7,247$6,455$5,676
12 years$9,236$8,170$7,213$6,357$5,593$4,851
13 years$8,438$7,384$6,445$5,612$4,878$4,172
14 years$7,754$6,711$5,791$4,982$4,276$3,605
15 years$7,163$6,131$5,228$4,443$3,765$3,128
16 years$6,646$5,625$4,740$3,978$3,327$2,724
17 years$6,190$5,181$4,313$3,574$2,950$2,379
18 years$5,785$4,787$3,937$3,221$2,623$2,083
19 years$5,423$4,437$3,605$2,911$2,338$1,828
20 years$5,098$4,123$3,308$2,636$2,088$1,607
21 years$4,804$3,840$3,043$2,393$1,869$1,415
22 years$4,537$3,585$2,804$2,175$1,675$1,248
23 years$4,294$3,353$2,589$1,981$1,504$1,102
24 years$4,072$3,141$2,395$1,807$1,352$974
25 years$3,867$2,948$2,218$1,650$1,216$862
26 years$3,679$2,770$2,057$1,509$1,096$763
27 years$3,505$2,607$1,910$1,381$988$676
28 years$3,343$2,457$1,776$1,265$891$600
29 years$3,193$2,318$1,652$1,160$805$532
30 years$3,053$2,189$1,539$1,065$727$472
31 years$2,923$2,069$1,435$978$657$420
32 years$2,801$1,958$1,339$899$595$373
33 years$2,686$1,854$1,250$827$538$331
34 years$2,579$1,757$1,168$761$487$295
35 years$2,478$1,667$1,092$700$441$262
36 years$2,382$1,582$1,022$645$400$233
37 years$2,292$1,503$956$594$362$207
38 years$2,207$1,428$895$548$329$184
39 years$2,127$1,358$839$505$298$164
40 years$2,051$1,292$786$466$270$146
41 years$1,978$1,230$737$430$245$130
42 years$1,910$1,171$692$397$222$116
43 years$1,844$1,116$649$366$202$103
44 years$1,782$1,064$609$338$183$92
45 years$1,723$1,014$572$312$166$82
46 years$1,666$968$537$288$151$73
47 years$1,613$923$505$266$137$65
48 years$1,561$882$474$246$125$58
49 years$1,512$842$446$227$113$52
50 years$1,465$804$419$210$103$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,500,000, adding $5,767 every year, while hoping to spend $47,612 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: 41/48/11 Blend
74$1,500,000$1,500,000$1,500,000$1,500,000
75$1,658,949$1,579,449$1,556,199$1,721,336
76$1,777,503$1,606,183$1,557,673$1,792,437
77$1,906,553$1,632,631$1,557,600$1,864,164
78$2,047,121$1,658,730$1,555,879$1,940,734
79$2,200,329$1,684,409$1,552,403$2,022,609
80$2,367,413$1,709,595$1,547,058$2,110,296
81$2,549,733$1,734,209$1,539,728$2,204,356
82$2,748,786$1,758,166$1,530,290$2,305,411
83$2,966,220$1,781,374$1,518,612$2,414,143
84$3,203,850$1,803,737$1,504,561$2,531,308
85$3,463,673$1,825,150$1,487,995$2,657,742
86$3,747,888$1,845,503$1,468,763$2,794,363
87$4,058,918$1,864,678$1,446,712$2,942,191
88$4,399,428$1,882,547$1,421,677$3,102,346
89$4,772,355$1,898,977$1,393,488$3,276,070
90$5,180,932$1,913,824$1,361,967$3,464,730
91$5,628,720$1,926,935$1,326,926$3,669,838
92$6,119,642$1,938,147$1,288,170$3,893,061
93$6,658,017$1,947,288$1,245,496$4,136,242
94$7,248,602$1,954,172$1,198,688$4,401,412
95$7,896,639$1,958,606$1,147,523$4,690,816
96$8,607,899$1,960,380$1,091,767$5,006,931
97$9,388,739$1,959,274$1,031,177$5,352,490
98$10,246,165$1,955,053$965,496$5,730,511
99$11,187,892$1,947,468$894,457$6,144,325
100$12,222,418$1,936,255$817,782$6,597,606