Can I retire at age 75 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$158,552$157,140$155,762$154,417$153,103$150,691
2 years$78,491$77,029$75,612$74,239$72,906$70,482
3 years$51,808$50,339$48,926$47,566$46,255$43,894
4 years$38,468$37,005$35,606$34,268$32,989$30,711
5 years$30,467$29,012$27,632$26,321$25,078$22,888
6 years$25,135$23,691$22,330$21,049$19,843$17,744
7 years$21,327$19,895$18,557$17,306$16,138$14,130
8 years$18,473$17,054$15,738$14,517$13,388$11,471
9 years$16,254$14,849$13,555$12,366$11,275$9,448
10 years$14,480$13,088$11,817$10,659$9,607$7,869
11 years$13,029$11,652$10,404$9,277$8,262$6,611
12 years$11,822$10,458$9,233$8,137$7,160$5,594
13 years$10,800$9,451$8,249$7,184$6,243$4,760
14 years$9,926$8,591$7,412$6,377$5,473$4,070
15 years$9,168$7,848$6,692$5,687$4,819$3,494
16 years$8,506$7,200$6,067$5,092$4,259$3,009
17 years$7,923$6,631$5,521$4,575$3,776$2,598
18 years$7,405$6,127$5,040$4,123$3,358$2,249
19 years$6,942$5,679$4,614$3,726$2,993$1,951
20 years$6,525$5,277$4,234$3,374$2,673$1,695
21 years$6,149$4,915$3,895$3,062$2,392$1,475
22 years$5,808$4,588$3,590$2,784$2,144$1,285
23 years$5,497$4,291$3,314$2,536$1,925$1,121
24 years$5,212$4,021$3,065$2,313$1,730$978
25 years$4,950$3,773$2,839$2,112$1,557$855
26 years$4,709$3,546$2,633$1,931$1,402$747
27 years$4,486$3,337$2,445$1,768$1,264$654
28 years$4,279$3,145$2,273$1,620$1,141$573
29 years$4,087$2,967$2,115$1,485$1,030$501
30 years$3,908$2,802$1,970$1,363$931$439
31 years$3,741$2,649$1,837$1,252$841$385
32 years$3,585$2,506$1,714$1,151$761$338
33 years$3,438$2,373$1,600$1,058$689$296
34 years$3,301$2,249$1,495$973$624$260
35 years$3,171$2,134$1,398$896$565$228
36 years$3,049$2,025$1,308$825$512$200
37 years$2,934$1,923$1,224$760$464$176
38 years$2,825$1,828$1,146$701$421$154
39 years$2,723$1,738$1,074$646$381$135
40 years$2,625$1,654$1,006$596$346$119
41 years$2,532$1,574$944$550$314$104
42 years$2,444$1,499$885$508$285$92
43 years$2,361$1,428$831$469$258$80
44 years$2,281$1,362$780$433$235$71
45 years$2,205$1,298$732$400$213$62
46 years$2,133$1,239$688$369$193$55
47 years$2,064$1,182$646$341$176$48
48 years$1,998$1,128$607$315$159$42
49 years$1,935$1,078$571$291$145$37
50 years$1,875$1,029$536$269$132$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,920,000, adding $6,439 every year, while hoping to spend $21,548 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: 48/40/12 Blend
74$1,920,000$1,920,000$1,920,000$1,920,000
75$2,122,482$2,020,722$1,990,962$2,217,040
76$2,316,048$2,096,810$2,034,732$2,358,930
77$2,528,636$2,175,905$2,079,247$2,510,142
78$2,762,163$2,258,130$2,124,507$2,673,837
79$3,018,741$2,343,616$2,170,516$2,851,188
80$3,300,697$2,432,498$2,217,273$3,043,483
81$3,610,596$2,524,918$2,264,779$3,252,137
82$3,951,261$2,621,023$2,313,033$3,478,707
83$4,325,803$2,720,967$2,362,034$3,724,902
84$4,737,652$2,824,911$2,411,779$3,992,603
85$5,190,584$2,933,023$2,462,265$4,283,877
86$5,688,760$3,045,478$2,513,487$4,601,001
87$6,236,765$3,162,458$2,565,440$4,946,473
88$6,839,651$3,284,154$2,618,118$5,323,046
89$7,502,983$3,410,766$2,671,513$5,733,747
90$8,232,895$3,542,501$2,725,616$6,181,905
91$9,036,142$3,679,575$2,780,417$6,671,185
92$9,920,171$3,822,217$2,835,903$7,205,618
93$10,893,185$3,970,662$2,892,062$7,789,641
94$11,964,222$4,125,157$2,948,879$8,428,139
95$13,143,243$4,285,960$3,006,337$9,126,484
96$14,441,222$4,453,340$3,064,417$9,890,594
97$15,870,253$4,627,580$3,123,101$10,726,980
98$17,443,659$4,808,972$3,182,365$11,642,812
99$19,176,124$4,997,823$3,242,186$12,645,981
100$21,083,826$5,194,454$3,302,537$13,745,177