Can I retire at age 75 with 1,640,000?

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 $1,640,000?

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$135,430$134,223$133,046$131,898$130,776$129,572
2 years$67,044$65,796$64,586$63,412$62,274$61,061
3 years$44,252$42,998$41,791$40,629$39,509$38,325
4 years$32,858$31,608$30,413$29,271$28,178$27,032
5 years$26,024$24,781$23,602$22,483$21,421$20,315
6 years$21,469$20,236$19,074$17,980$16,950$15,886
7 years$18,217$16,994$15,850$14,782$13,784$12,764
8 years$15,779$14,567$13,442$12,400$11,436$10,458
9 years$13,884$12,683$11,578$10,562$9,630$8,695
10 years$12,368$11,180$10,094$9,105$8,206$7,312
11 years$11,129$9,953$8,887$7,924$7,057$6,205
12 years$10,098$8,933$7,887$6,950$6,116$5,304
13 years$9,225$8,073$7,046$6,136$5,333$4,561
14 years$8,478$7,338$6,331$5,447$4,675$3,941
15 years$7,831$6,703$5,716$4,858$4,116$3,420
16 years$7,266$6,150$5,182$4,350$3,638$2,978
17 years$6,767$5,664$4,716$3,908$3,225$2,601
18 years$6,325$5,234$4,305$3,522$2,868$2,277
19 years$5,929$4,851$3,941$3,182$2,556$1,999
20 years$5,574$4,507$3,617$2,882$2,283$1,757
21 years$5,253$4,199$3,327$2,616$2,043$1,547
22 years$4,961$3,919$3,066$2,378$1,832$1,365
23 years$4,695$3,666$2,831$2,166$1,644$1,205
24 years$4,452$3,434$2,618$1,976$1,478$1,065
25 years$4,228$3,223$2,425$1,804$1,330$942
26 years$4,022$3,029$2,249$1,650$1,198$834
27 years$3,832$2,851$2,088$1,510$1,080$739
28 years$3,655$2,686$1,941$1,383$974$656
29 years$3,491$2,534$1,807$1,269$880$582
30 years$3,338$2,393$1,683$1,164$795$516
31 years$3,196$2,262$1,569$1,069$719$459
32 years$3,062$2,141$1,464$983$650$408
33 years$2,937$2,027$1,367$904$588$362
34 years$2,819$1,921$1,277$831$533$322
35 years$2,709$1,822$1,194$765$483$286
36 years$2,605$1,730$1,117$705$437$255
37 years$2,506$1,643$1,045$650$396$227
38 years$2,413$1,561$979$599$359$202
39 years$2,325$1,485$917$552$326$179
40 years$2,242$1,412$860$509$295$160
41 years$2,163$1,345$806$470$268$142
42 years$2,088$1,281$756$434$243$127
43 years$2,017$1,220$710$400$221$113
44 years$1,949$1,163$666$370$200$100
45 years$1,884$1,109$625$341$182$89
46 years$1,822$1,058$587$315$165$80
47 years$1,763$1,010$552$291$150$71
48 years$1,707$964$519$269$136$63
49 years$1,653$920$487$249$124$56
50 years$1,601$879$458$230$112$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,640,000, adding $5,900 every year, while hoping to spend $50,775 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: 26/48/26 Blend
74$1,640,000$1,640,000$1,640,000$1,640,000
75$1,813,366$1,726,446$1,701,026$1,845,591
76$1,944,305$1,757,017$1,703,986$1,902,828
77$2,086,898$1,787,385$1,705,344$1,959,439
78$2,242,280$1,817,486$1,704,991$2,019,124
79$2,411,701$1,847,251$1,702,816$2,082,175
80$2,596,535$1,876,606$1,698,701$2,148,919
81$2,798,295$1,905,474$1,692,521$2,219,715
82$3,018,648$1,933,769$1,684,147$2,294,964
83$3,259,427$1,961,400$1,673,443$2,375,109
84$3,522,650$1,988,271$1,660,266$2,460,642
85$3,810,542$2,014,278$1,644,466$2,552,106
86$4,125,549$2,039,309$1,625,887$2,650,105
87$4,470,366$2,063,246$1,604,366$2,755,309
88$4,847,961$2,085,963$1,579,729$2,868,456
89$5,261,602$2,107,323$1,551,799$2,990,367
90$5,714,887$2,127,184$1,520,386$3,121,951
91$6,211,780$2,145,390$1,485,293$3,264,213
92$6,756,646$2,161,779$1,446,315$3,418,266
93$7,354,293$2,176,176$1,403,236$3,585,341
94$8,010,018$2,188,395$1,355,831$3,766,803
95$8,729,652$2,198,239$1,303,864$3,964,160
96$9,519,621$2,205,497$1,247,088$4,179,080
97$10,387,003$2,209,947$1,185,246$4,413,411
98$11,339,593$2,211,350$1,118,068$4,669,195
99$12,385,981$2,209,456$1,045,273$4,948,689
100$13,535,628$2,203,996$966,566$5,254,391