Can I retire at age 75 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$137,081$135,860$134,669$133,506$132,371$131,207
2 years$67,862$66,598$65,373$64,186$63,034$61,861
3 years$44,792$43,523$42,301$41,124$39,991$38,846
4 years$33,259$31,994$30,784$29,628$28,522$27,413
5 years$26,341$25,083$23,890$22,757$21,682$20,612
6 years$21,731$20,483$19,306$18,199$17,156$16,127
7 years$18,439$17,201$16,044$14,962$13,953$12,965
8 years$15,971$14,745$13,606$12,552$11,575$10,629
9 years$14,053$12,838$11,719$10,691$9,748$8,842
10 years$12,519$11,316$10,217$9,216$8,306$7,441
11 years$11,265$10,074$8,995$8,021$7,143$6,318
12 years$10,221$9,042$7,983$7,035$6,190$5,404
13 years$9,338$8,171$7,132$6,211$5,398$4,650
14 years$8,582$7,427$6,408$5,513$4,732$4,021
15 years$7,927$6,785$5,786$4,917$4,166$3,491
16 years$7,354$6,225$5,246$4,403$3,682$3,042
17 years$6,850$5,733$4,773$3,956$3,265$2,659
18 years$6,402$5,298$4,357$3,565$2,903$2,330
19 years$6,002$4,910$3,989$3,221$2,587$2,046
20 years$5,642$4,562$3,661$2,917$2,311$1,800
21 years$5,317$4,250$3,367$2,648$2,068$1,586
22 years$5,021$3,967$3,104$2,407$1,854$1,400
23 years$4,752$3,710$2,866$2,192$1,664$1,237
24 years$4,506$3,476$2,650$2,000$1,496$1,094
25 years$4,280$3,262$2,455$1,826$1,346$969
26 years$4,071$3,066$2,276$1,670$1,212$859
27 years$3,878$2,885$2,114$1,528$1,093$762
28 years$3,700$2,719$1,965$1,400$986$676
29 years$3,534$2,565$1,829$1,284$891$600
30 years$3,379$2,422$1,703$1,179$805$533
31 years$3,235$2,290$1,588$1,082$728$474
32 years$3,099$2,167$1,482$995$658$421
33 years$2,973$2,052$1,383$915$596$375
34 years$2,854$1,945$1,293$842$539$334
35 years$2,742$1,845$1,208$775$488$297
36 years$2,636$1,751$1,131$714$443$264
37 years$2,537$1,663$1,058$657$401$235
38 years$2,443$1,580$991$606$364$210
39 years$2,354$1,503$928$559$330$187
40 years$2,269$1,430$870$515$299$166
41 years$2,189$1,361$816$475$271$148
42 years$2,113$1,296$765$439$246$132
43 years$2,041$1,235$718$405$223$118
44 years$1,972$1,177$674$374$203$105
45 years$1,907$1,123$633$345$184$94
46 years$1,844$1,071$595$319$167$83
47 years$1,785$1,022$559$295$152$74
48 years$1,727$976$525$272$138$66
49 years$1,673$932$493$252$125$59
50 years$1,621$890$464$233$114$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,660,000, adding $3,061 every year, while hoping to spend $29,691 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: 53/17/30 Blend
74$1,660,000$1,660,000$1,660,000$1,660,000
75$1,832,477$1,744,497$1,718,767$1,914,048
76$1,987,799$1,798,387$1,744,755$2,024,950
77$2,157,969$1,853,922$1,770,618$2,142,334
78$2,344,469$1,911,151$1,796,321$2,269,510
79$2,548,933$1,970,126$1,821,827$2,407,432
80$2,773,161$2,030,899$1,847,095$2,557,145
81$3,019,133$2,093,523$1,872,082$2,719,804
82$3,289,033$2,158,053$1,896,745$2,896,680
83$3,585,263$2,224,547$1,921,035$3,089,173
84$3,910,473$2,293,063$1,944,903$3,298,823
85$4,267,579$2,363,661$1,968,294$3,527,329
86$4,659,794$2,436,402$1,991,154$3,776,561
87$5,090,658$2,511,351$2,013,423$4,048,579
88$5,564,070$2,588,572$2,035,038$4,345,655
89$6,084,327$2,668,134$2,055,933$4,670,287
90$6,656,160$2,750,105$2,076,039$5,025,232
91$7,284,785$2,834,556$2,095,283$5,413,524
92$7,975,944$2,921,561$2,113,586$5,838,508
93$8,735,968$3,011,194$2,130,868$6,303,869
94$9,571,828$3,103,534$2,147,043$6,813,665
95$10,491,206$3,198,659$2,162,021$7,372,371
96$11,502,567$3,296,651$2,175,707$7,984,914
97$12,615,237$3,397,595$2,188,001$8,656,727
98$13,839,490$3,501,576$2,198,798$9,393,793
99$15,186,648$3,608,684$2,207,988$10,202,707
100$16,669,186$3,719,009$2,215,455$11,090,735