Can I retire at age 75 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$162,681$161,232$159,818$158,438$157,091$151,758
2 years$80,535$79,035$77,582$76,172$74,805$69,486
3 years$53,157$51,650$50,200$48,804$47,459$42,321
4 years$39,470$37,968$36,533$35,161$33,848$28,930
5 years$31,260$29,768$28,351$27,007$25,731$21,046
6 years$25,789$24,308$22,912$21,598$20,360$15,912
7 years$21,883$20,413$19,040$17,757$16,558$12,346
8 years$18,954$17,498$16,147$14,896$13,737$9,757
9 years$16,677$15,235$13,908$12,688$11,568$7,816
10 years$14,857$13,429$12,125$10,937$9,857$6,326
11 years$13,369$11,955$10,675$9,518$8,477$5,161
12 years$12,129$10,730$9,474$8,349$7,346$4,238
13 years$11,082$9,697$8,464$7,371$6,406$3,497
14 years$10,184$8,814$7,605$6,543$5,615$2,897
15 years$9,407$8,052$6,866$5,835$4,944$2,408
16 years$8,728$7,388$6,225$5,225$4,370$2,007
17 years$8,129$6,804$5,665$4,694$3,875$1,676
18 years$7,598$6,287$5,171$4,231$3,445$1,403
19 years$7,122$5,827$4,734$3,823$3,071$1,175
20 years$6,695$5,414$4,345$3,462$2,743$986
21 years$6,310$5,043$3,996$3,142$2,454$828
22 years$5,959$4,708$3,683$2,857$2,200$697
23 years$5,640$4,403$3,401$2,602$1,975$586
24 years$5,347$4,125$3,145$2,373$1,775$493
25 years$5,079$3,871$2,913$2,167$1,597$416
26 years$4,831$3,639$2,702$1,982$1,439$350
27 years$4,603$3,424$2,509$1,814$1,297$295
28 years$4,391$3,227$2,332$1,662$1,170$249
29 years$4,194$3,044$2,170$1,524$1,057$210
30 years$4,010$2,875$2,022$1,399$955$177
31 years$3,839$2,718$1,885$1,285$863$149
32 years$3,678$2,571$1,758$1,180$781$126
33 years$3,528$2,435$1,642$1,086$707$106
34 years$3,387$2,308$1,534$999$640$90
35 years$3,254$2,189$1,434$919$580$76
36 years$3,129$2,078$1,342$847$525$64
37 years$3,011$1,973$1,256$780$476$54
38 years$2,899$1,875$1,176$719$432$46
39 years$2,793$1,783$1,102$663$391$39
40 years$2,693$1,697$1,033$612$355$33
41 years$2,598$1,615$968$564$322$27
42 years$2,508$1,538$908$521$292$23
43 years$2,422$1,466$852$481$265$20
44 years$2,341$1,397$800$444$241$17
45 years$2,263$1,332$751$410$219$14
46 years$2,189$1,271$706$379$198$12
47 years$2,118$1,213$663$350$180$10
48 years$2,050$1,158$623$323$164$8
49 years$1,985$1,106$586$299$149$7
50 years$1,923$1,056$550$276$135$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,970,000, adding $2,242 every year, while hoping to spend $41,815 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: 63/11/26 Blend
74$1,970,000$1,970,000$1,970,000$1,970,000
75$2,173,253$2,068,843$2,038,308$2,295,059
76$2,350,434$2,125,725$2,062,100$2,434,693
77$2,544,285$2,183,993$2,085,288$2,582,341
78$2,756,465$2,243,671$2,107,807$2,742,699
79$2,988,795$2,304,782$2,129,590$2,917,018
80$3,243,285$2,367,349$2,150,564$3,106,676
81$3,522,146$2,431,395$2,170,654$3,313,192
82$3,827,815$2,496,944$2,189,781$3,538,236
83$4,162,974$2,564,015$2,207,860$3,783,654
84$4,530,577$2,632,633$2,224,804$4,051,473
85$4,933,881$2,702,816$2,240,519$4,343,932
86$5,376,468$2,774,585$2,254,908$4,663,496
87$5,862,288$2,847,960$2,267,868$5,012,881
88$6,395,691$2,922,960$2,279,291$5,395,079
89$6,981,467$2,999,601$2,289,063$5,813,389
90$7,624,895$3,077,900$2,297,065$6,271,445
91$8,331,790$3,157,872$2,303,172$6,773,252
92$9,108,556$3,239,531$2,307,251$7,323,223
93$9,962,250$3,322,889$2,309,166$7,926,222
94$10,900,646$3,407,958$2,308,770$8,587,609
95$11,932,310$3,494,746$2,305,911$9,313,290
96$13,066,677$3,583,260$2,300,431$10,109,775
97$14,314,144$3,673,505$2,292,161$10,984,237
98$15,686,164$3,765,484$2,280,926$11,944,580
99$17,195,357$3,859,198$2,266,542$12,999,519
100$18,855,629$3,954,643$2,248,815$14,158,653