Can I retire at age 75 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$131,301$130,131$128,990$127,876$126,789$126,096
2 years$65,000$63,790$62,617$61,479$60,376$59,676
3 years$42,903$41,687$40,517$39,390$38,305$37,621
4 years$31,857$30,645$29,486$28,378$27,319$26,656
5 years$25,231$24,026$22,882$21,797$20,768$20,127
6 years$20,815$19,619$18,492$17,432$16,433$15,815
7 years$17,662$16,476$15,367$14,331$13,364$12,770
8 years$15,298$14,123$13,033$12,022$11,087$10,517
9 years$13,460$12,296$11,225$10,240$9,337$8,790
10 years$11,991$10,839$9,786$8,827$7,955$7,432
11 years$10,790$9,649$8,616$7,682$6,842$6,342
12 years$9,790$8,661$7,646$6,738$5,929$5,452
13 years$8,944$7,827$6,831$5,949$5,170$4,715
14 years$8,220$7,114$6,138$5,281$4,532$4,099
15 years$7,593$6,499$5,542$4,710$3,991$3,578
16 years$7,044$5,963$5,024$4,217$3,527$3,135
17 years$6,561$5,491$4,572$3,789$3,127$2,755
18 years$6,132$5,074$4,174$3,415$2,781$2,428
19 years$5,749$4,703$3,821$3,085$2,478$2,144
20 years$5,404$4,370$3,507$2,794$2,214$1,897
21 years$5,092$4,071$3,225$2,536$1,981$1,682
22 years$4,810$3,800$2,973$2,306$1,776$1,493
23 years$4,552$3,554$2,745$2,100$1,594$1,328
24 years$4,316$3,330$2,538$1,915$1,433$1,182
25 years$4,099$3,125$2,351$1,749$1,289$1,053
26 years$3,900$2,937$2,180$1,599$1,161$939
27 years$3,715$2,764$2,025$1,464$1,047$838
28 years$3,544$2,604$1,882$1,341$945$748
29 years$3,385$2,457$1,752$1,230$853$669
30 years$3,237$2,320$1,632$1,129$771$598
31 years$3,098$2,193$1,521$1,037$697$535
32 years$2,969$2,075$1,419$953$630$479
33 years$2,847$1,965$1,325$876$570$429
34 years$2,734$1,863$1,238$806$517$384
35 years$2,626$1,767$1,158$742$468$344
36 years$2,525$1,677$1,083$683$424$308
37 years$2,430$1,593$1,014$630$384$277
38 years$2,340$1,514$949$580$348$248
39 years$2,255$1,439$889$535$316$222
40 years$2,174$1,369$833$494$286$200
41 years$2,097$1,304$782$455$260$179
42 years$2,024$1,241$733$420$236$161
43 years$1,955$1,183$688$388$214$144
44 years$1,889$1,128$646$358$194$129
45 years$1,826$1,075$606$331$176$116
46 years$1,766$1,026$569$306$160$104
47 years$1,709$979$535$282$145$94
48 years$1,655$934$503$261$132$84
49 years$1,602$892$473$241$120$75
50 years$1,552$852$444$223$109$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,590,000, adding $5,432 every year, while hoping to spend $34,630 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: 62/24/14 Blend
74$1,590,000$1,590,000$1,590,000$1,590,000
75$1,757,783$1,673,513$1,648,868$1,860,440
76$1,900,231$1,718,669$1,667,259$1,975,178
77$2,056,048$1,764,877$1,685,106$2,095,946
78$2,226,561$1,812,152$1,702,353$2,226,940
79$2,413,231$1,860,509$1,718,943$2,369,154
80$2,617,668$1,909,961$1,734,815$2,523,682
81$2,841,644$1,960,523$1,749,904$2,691,728
82$3,087,109$2,012,206$1,764,144$2,874,620
83$3,356,214$2,065,025$1,777,463$3,073,820
84$3,651,326$2,118,989$1,789,786$3,290,936
85$3,975,052$2,174,110$1,801,034$3,527,742
86$4,330,263$2,230,397$1,811,125$3,786,190
87$4,720,124$2,287,860$1,819,971$4,068,431
88$5,148,117$2,346,506$1,827,481$4,376,834
89$5,618,082$2,406,342$1,833,559$4,714,011
90$6,134,246$2,467,372$1,838,103$5,082,836
91$6,701,268$2,529,602$1,841,007$5,486,478
92$7,324,277$2,593,032$1,842,161$5,928,426
93$8,008,927$2,657,665$1,841,447$6,412,527
94$8,761,445$2,723,497$1,838,743$6,943,016
95$9,588,691$2,790,528$1,833,920$7,524,563
96$10,498,224$2,858,750$1,826,843$8,162,311
97$11,498,371$2,928,157$1,817,370$8,861,927
98$12,598,307$2,998,739$1,805,354$9,629,656
99$13,808,141$3,070,483$1,790,640$10,472,379
100$15,139,008$3,143,374$1,773,064$11,397,678