Can I retire at age 75 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$130,475$129,313$128,179$127,072$125,991$125,040
2 years$64,592$63,389$62,223$61,092$59,996$59,037
3 years$42,633$41,425$40,262$39,142$38,064$37,127
4 years$31,656$30,452$29,301$28,200$27,147$26,240
5 years$25,072$23,875$22,738$21,660$20,637$19,761
6 years$20,684$19,495$18,376$17,322$16,329$15,486
7 years$17,550$16,372$15,271$14,241$13,280$12,470
8 years$15,202$14,034$12,951$11,947$11,017$10,241
9 years$13,376$12,219$11,154$10,176$9,278$8,535
10 years$11,916$10,771$9,725$8,772$7,905$7,195
11 years$10,722$9,588$8,561$7,634$6,799$6,120
12 years$9,728$8,606$7,598$6,696$5,892$5,245
13 years$8,888$7,777$6,788$5,912$5,138$4,521
14 years$8,168$7,069$6,099$5,248$4,504$3,918
15 years$7,545$6,458$5,507$4,680$3,965$3,409
16 years$7,000$5,925$4,993$4,190$3,505$2,976
17 years$6,520$5,457$4,543$3,765$3,107$2,607
18 years$6,093$5,042$4,147$3,393$2,763$2,289
19 years$5,712$4,673$3,797$3,066$2,463$2,014
20 years$5,370$4,343$3,484$2,777$2,200$1,776
21 years$5,060$4,045$3,205$2,520$1,969$1,569
22 years$4,779$3,776$2,954$2,291$1,765$1,388
23 years$4,523$3,531$2,727$2,087$1,584$1,229
24 years$4,289$3,309$2,522$1,903$1,424$1,090
25 years$4,073$3,105$2,336$1,738$1,281$967
26 years$3,875$2,918$2,167$1,589$1,154$859
27 years$3,692$2,746$2,012$1,455$1,040$764
28 years$3,521$2,588$1,870$1,333$939$679
29 years$3,363$2,441$1,741$1,222$848$605
30 years$3,216$2,306$1,621$1,122$766$539
31 years$3,079$2,180$1,512$1,030$692$480
32 years$2,950$2,062$1,410$947$626$428
33 years$2,830$1,953$1,317$871$567$381
34 years$2,716$1,851$1,230$801$513$340
35 years$2,610$1,756$1,150$737$465$304
36 years$2,509$1,666$1,076$679$421$271
37 years$2,415$1,583$1,007$626$382$242
38 years$2,325$1,504$943$577$346$216
39 years$2,240$1,430$884$532$314$193
40 years$2,160$1,361$828$491$285$172
41 years$2,084$1,295$777$453$258$154
42 years$2,012$1,234$728$418$234$138
43 years$1,943$1,175$684$386$213$123
44 years$1,877$1,120$642$356$193$110
45 years$1,815$1,068$603$329$175$98
46 years$1,755$1,019$566$304$159$88
47 years$1,699$973$532$281$144$78
48 years$1,644$929$500$259$131$70
49 years$1,592$887$470$240$119$63
50 years$1,543$847$441$221$108$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,580,000, adding $3,906 every year, while hoping to spend $59,299 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: 58/14/28 Blend
74$1,580,000$1,580,000$1,580,000$1,580,000
75$1,745,189$1,661,449$1,636,959$1,832,855
76$1,860,105$1,679,766$1,628,703$1,911,666
77$1,984,754$1,696,994$1,618,184$1,990,973
78$2,120,068$1,713,015$1,605,262$2,076,228
79$2,267,069$1,727,707$1,589,792$2,168,026
80$2,426,883$1,740,938$1,571,623$2,267,023
81$2,600,748$1,752,567$1,550,596$2,373,943
82$2,790,027$1,762,445$1,526,543$2,489,587
83$2,996,218$1,770,413$1,499,290$2,614,841
84$3,220,971$1,776,302$1,468,655$2,750,680
85$3,466,101$1,779,932$1,434,447$2,898,183
86$3,733,608$1,781,114$1,396,465$3,058,544
87$4,025,690$1,779,642$1,354,501$3,233,076
88$4,344,770$1,775,304$1,308,336$3,423,233
89$4,693,511$1,767,869$1,257,740$3,630,618
90$5,074,850$1,757,095$1,202,476$3,857,005
91$5,492,018$1,742,726$1,142,291$4,104,346
92$5,948,572$1,724,487$1,076,926$4,374,802
93$6,448,430$1,702,091$1,006,107$4,670,755
94$6,995,906$1,675,230$929,548$4,994,834
95$7,595,752$1,643,579$846,951$5,349,943
96$8,253,199$1,606,795$758,004$5,739,286
97$8,974,010$1,564,513$662,382$6,166,397
98$9,764,532$1,516,347$559,745$6,635,180
99$10,631,755$1,461,889$449,737$7,149,939
100$11,583,379$1,400,706$331,988$7,715,425