Can I retire at age 75 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$132,952$131,768$130,613$129,485$128,384$127,575
2 years$65,818$64,592$63,404$62,252$61,135$60,319
3 years$43,443$42,212$41,027$39,886$38,787$37,989
4 years$32,257$31,030$29,857$28,735$27,663$26,889
5 years$25,548$24,328$23,170$22,072$21,029$20,282
6 years$21,076$19,866$18,725$17,651$16,639$15,920
7 years$17,884$16,683$15,561$14,512$13,532$12,841
8 years$15,490$14,300$13,197$12,173$11,226$10,563
9 years$13,630$12,451$11,366$10,369$9,454$8,819
10 years$12,142$10,975$9,909$8,938$8,055$7,447
11 years$10,926$9,770$8,724$7,779$6,928$6,347
12 years$9,913$8,769$7,742$6,823$6,004$5,449
13 years$9,056$7,925$6,917$6,024$5,235$4,707
14 years$8,323$7,204$6,215$5,347$4,589$4,086
15 years$7,688$6,581$5,611$4,769$4,041$3,562
16 years$7,133$6,038$5,088$4,270$3,571$3,117
17 years$6,644$5,560$4,630$3,837$3,166$2,736
18 years$6,209$5,138$4,226$3,458$2,815$2,407
19 years$5,821$4,762$3,869$3,124$2,509$2,123
20 years$5,472$4,425$3,551$2,830$2,242$1,876
21 years$5,157$4,122$3,266$2,568$2,006$1,661
22 years$4,870$3,847$3,010$2,335$1,798$1,472
23 years$4,609$3,598$2,779$2,126$1,614$1,307
24 years$4,370$3,372$2,570$1,939$1,451$1,161
25 years$4,151$3,164$2,381$1,771$1,305$1,033
26 years$3,949$2,974$2,208$1,619$1,176$920
27 years$3,762$2,799$2,050$1,482$1,060$820
28 years$3,588$2,637$1,906$1,358$957$731
29 years$3,427$2,488$1,774$1,245$864$652
30 years$3,277$2,349$1,652$1,143$780$582
31 years$3,137$2,221$1,540$1,050$706$520
32 years$3,006$2,102$1,437$965$638$465
33 years$2,883$1,990$1,342$887$578$415
34 years$2,768$1,886$1,254$816$523$372
35 years$2,659$1,789$1,172$751$474$332
36 years$2,557$1,698$1,096$692$429$297
37 years$2,461$1,613$1,026$638$389$266
38 years$2,369$1,533$961$588$353$238
39 years$2,283$1,457$900$542$320$213
40 years$2,201$1,387$844$500$290$191
41 years$2,123$1,320$791$461$263$171
42 years$2,050$1,257$742$426$239$153
43 years$1,980$1,198$697$393$217$137
44 years$1,913$1,142$654$363$197$123
45 years$1,849$1,089$614$335$179$110
46 years$1,789$1,039$577$309$162$99
47 years$1,731$991$542$286$147$89
48 years$1,675$946$509$264$134$79
49 years$1,623$904$479$244$121$71
50 years$1,572$863$450$226$110$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,610,000, adding $5,342 every year, while hoping to spend $51,191 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: 40/50/10 Blend
74$1,610,000$1,610,000$1,610,000$1,610,000
75$1,779,730$1,694,400$1,669,445$1,845,377
76$1,906,796$1,722,959$1,670,905$1,920,635
77$2,045,107$1,751,202$1,670,698$1,996,512
78$2,195,755$1,779,058$1,668,714$2,077,445
79$2,359,944$1,806,454$1,664,838$2,163,913
80$2,538,998$1,833,310$1,658,949$2,256,447
81$2,734,373$1,859,539$1,650,921$2,355,629
82$2,947,672$1,885,050$1,640,620$2,462,104
83$3,180,661$1,909,744$1,627,908$2,576,586
84$3,435,284$1,933,516$1,612,638$2,699,861
85$3,713,679$1,956,255$1,594,657$2,832,796
86$4,018,203$1,977,839$1,573,806$2,976,352
87$4,351,448$1,998,142$1,549,918$3,131,587
88$4,716,271$2,017,026$1,522,815$3,299,671
89$5,115,816$2,034,347$1,492,315$3,481,893
90$5,553,548$2,049,948$1,458,226$3,679,682
91$6,033,280$2,063,665$1,420,347$3,894,609
92$6,559,212$2,075,323$1,378,466$4,128,413
93$7,135,971$2,084,733$1,332,364$4,383,014
94$7,768,653$2,091,698$1,281,811$4,660,528
95$8,462,870$2,096,006$1,226,566$4,963,294
96$9,224,805$2,097,431$1,166,378$5,293,895
97$10,061,266$2,095,737$1,100,983$5,655,179
98$10,979,756$2,090,669$1,030,107$6,050,291
99$11,988,537$2,081,958$953,461$6,482,705
100$13,096,713$2,069,318$870,747$6,956,251