Can I retire at age 75 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$143,688$142,408$141,159$139,940$138,750$137,073
2 years$71,132$69,808$68,524$67,279$66,071$64,384
3 years$46,951$45,620$44,339$43,106$41,918$40,272
4 years$34,862$33,536$32,268$31,056$29,897$28,305
5 years$27,611$26,292$25,041$23,854$22,727$21,194
6 years$22,778$21,470$20,237$19,076$17,983$16,511
7 years$19,328$18,030$16,817$15,683$14,625$13,215
8 years$16,741$15,455$14,262$13,156$12,133$10,784
9 years$14,730$13,457$12,284$11,206$10,218$8,930
10 years$13,122$11,861$10,709$9,660$8,706$7,478
11 years$11,808$10,559$9,428$8,407$7,487$6,318
12 years$10,713$9,478$8,367$7,374$6,488$5,377
13 years$9,788$8,565$7,476$6,510$5,658$4,602
14 years$8,995$7,785$6,717$5,779$4,960$3,959
15 years$8,309$7,112$6,065$5,154$4,367$3,419
16 years$7,709$6,525$5,498$4,615$3,860$2,963
17 years$7,180$6,009$5,003$4,146$3,422$2,575
18 years$6,711$5,553$4,567$3,737$3,043$2,244
19 years$6,291$5,146$4,181$3,376$2,712$1,959
20 years$5,914$4,782$3,837$3,058$2,423$1,713
21 years$5,573$4,455$3,530$2,775$2,168$1,501
22 years$5,263$4,158$3,253$2,523$1,943$1,317
23 years$4,981$3,889$3,004$2,298$1,744$1,156
24 years$4,723$3,644$2,778$2,096$1,568$1,017
25 years$4,486$3,419$2,573$1,914$1,411$895
26 years$4,267$3,214$2,386$1,750$1,271$788
27 years$4,065$3,025$2,216$1,602$1,146$694
28 years$3,878$2,850$2,060$1,468$1,034$612
29 years$3,704$2,689$1,917$1,346$934$540
30 years$3,542$2,539$1,786$1,235$843$477
31 years$3,391$2,400$1,665$1,135$763$421
32 years$3,249$2,271$1,553$1,043$690$372
33 years$3,116$2,151$1,450$959$624$329
34 years$2,991$2,039$1,355$882$565$290
35 years$2,874$1,934$1,267$812$512$257
36 years$2,764$1,835$1,185$748$464$227
37 years$2,659$1,743$1,109$689$420$201
38 years$2,561$1,656$1,039$635$381$178
39 years$2,467$1,575$973$586$346$157
40 years$2,379$1,499$912$540$313$139
41 years$2,295$1,427$855$498$284$123
42 years$2,215$1,359$802$460$258$109
43 years$2,139$1,294$753$425$234$96
44 years$2,067$1,234$707$392$213$85
45 years$1,999$1,177$664$362$193$76
46 years$1,933$1,122$623$334$175$67
47 years$1,871$1,071$585$309$159$59
48 years$1,811$1,023$550$286$145$52
49 years$1,754$977$517$264$131$46
50 years$1,699$933$486$244$119$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,740,000, adding $4,819 every year, while hoping to spend $42,354 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: 65/26/9 Blend
74$1,740,000$1,740,000$1,740,000$1,740,000
75$1,922,451$1,830,231$1,803,261$2,043,551
76$2,073,476$1,874,848$1,818,606$2,169,433
77$2,238,487$1,920,231$1,833,045$2,301,467
78$2,418,865$1,966,375$1,846,504$2,444,629
79$2,616,131$2,013,269$1,858,903$2,599,997
80$2,831,959$2,060,902$1,870,160$2,768,762
81$3,068,196$2,109,263$1,880,187$2,952,233
82$3,326,871$2,158,336$1,888,893$3,151,852
83$3,610,221$2,208,104$1,896,180$3,369,207
84$3,920,709$2,258,546$1,901,947$3,606,048
85$4,261,047$2,309,641$1,906,088$3,864,303
86$4,634,223$2,361,363$1,908,492$4,146,093
87$5,043,528$2,413,683$1,909,040$4,453,758
88$5,492,585$2,466,571$1,907,610$4,789,873
89$5,985,386$2,519,991$1,904,073$5,157,276
90$6,526,329$2,573,903$1,898,292$5,559,094
91$7,120,256$2,628,267$1,890,127$5,998,771
92$7,772,504$2,683,033$1,879,428$6,480,103
93$8,488,949$2,738,151$1,866,038$7,007,272
94$9,276,067$2,793,566$1,849,795$7,584,885
95$10,140,990$2,849,214$1,830,527$8,218,018
96$11,091,576$2,905,031$1,808,055$8,912,266
97$12,136,482$2,960,943$1,782,191$9,673,792
98$13,285,246$3,016,872$1,752,737$10,509,390
99$14,548,375$3,072,733$1,719,488$11,426,543
100$15,937,447$3,128,435$1,682,228$12,433,499