Can I retire at age 75 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$163,507$162,050$160,629$159,242$157,888$156,174
2 years$80,944$79,436$77,975$76,559$75,185$73,459
3 years$53,427$51,913$50,455$49,052$47,700$46,016
4 years$39,671$38,161$36,718$35,339$34,020$32,391
5 years$31,419$29,919$28,495$27,144$25,862$24,292
6 years$25,920$24,431$23,028$21,707$20,463$18,955
7 years$21,994$20,517$19,137$17,847$16,642$15,196
8 years$19,050$17,587$16,229$14,971$13,806$12,422
9 years$16,762$15,313$13,978$12,752$11,627$10,304
10 years$14,932$13,497$12,187$10,992$9,907$8,645
11 years$13,437$12,016$10,729$9,567$8,520$7,318
12 years$12,191$10,785$9,522$8,391$7,383$6,239
13 years$11,138$9,746$8,507$7,408$6,438$5,351
14 years$10,236$8,859$7,644$6,576$5,644$4,612
15 years$9,455$8,093$6,901$5,865$4,969$3,991
16 years$8,772$7,425$6,257$5,251$4,392$3,466
17 years$8,170$6,838$5,693$4,718$3,894$3,019
18 years$7,636$6,319$5,197$4,252$3,463$2,636
19 years$7,159$5,856$4,758$3,842$3,086$2,306
20 years$6,729$5,442$4,367$3,480$2,757$2,022
21 years$6,342$5,069$4,016$3,158$2,467$1,775
22 years$5,989$4,732$3,702$2,871$2,211$1,561
23 years$5,668$4,425$3,418$2,615$1,985$1,374
24 years$5,375$4,146$3,161$2,385$1,784$1,211
25 years$5,105$3,891$2,928$2,178$1,605$1,068
26 years$4,856$3,657$2,715$1,992$1,446$943
27 years$4,626$3,442$2,521$1,823$1,304$833
28 years$4,413$3,243$2,344$1,670$1,176$736
29 years$4,215$3,059$2,181$1,532$1,062$651
30 years$4,030$2,889$2,032$1,406$960$576
31 years$3,858$2,731$1,894$1,291$868$510
32 years$3,697$2,584$1,767$1,186$785$451
33 years$3,546$2,448$1,650$1,091$710$400
34 years$3,404$2,320$1,542$1,004$643$354
35 years$3,270$2,200$1,441$924$583$314
36 years$3,145$2,088$1,348$851$528$278
37 years$3,026$1,983$1,262$784$478$247
38 years$2,914$1,885$1,182$723$434$219
39 years$2,808$1,792$1,107$666$393$194
40 years$2,707$1,705$1,038$615$357$172
41 years$2,612$1,623$973$567$324$153
42 years$2,521$1,546$913$523$294$136
43 years$2,435$1,473$857$483$267$120
44 years$2,353$1,404$804$446$242$107
45 years$2,274$1,339$755$412$220$95
46 years$2,200$1,277$709$381$199$84
47 years$2,129$1,219$666$352$181$75
48 years$2,060$1,164$626$325$164$66
49 years$1,995$1,111$588$300$149$59
50 years$1,933$1,061$553$278$136$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,980,000, adding $5,917 every year, while hoping to spend $38,261 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: 75/10/15 Blend
74$1,980,000$1,980,000$1,980,000$1,980,000
75$2,188,063$2,083,123$2,052,433$2,344,605
76$2,370,536$2,144,487$2,080,480$2,510,250
77$2,570,339$2,207,575$2,108,185$2,686,411
78$2,789,200$2,272,432$2,135,495$2,878,450
79$3,029,019$2,339,102$2,162,355$3,087,936
80$3,291,893$2,407,632$2,188,707$3,316,597
81$3,580,128$2,478,068$2,214,491$3,566,335
82$3,896,265$2,550,458$2,239,641$3,839,244
83$4,243,104$2,624,850$2,264,089$4,137,634
84$4,623,728$2,701,294$2,287,763$4,464,046
85$5,041,531$2,779,841$2,310,586$4,821,280
86$5,500,255$2,860,541$2,332,478$5,212,422
87$6,004,020$2,943,447$2,353,356$5,640,868
88$6,557,366$3,028,611$2,373,129$6,110,363
89$7,165,293$3,116,089$2,391,704$6,625,031
90$7,833,308$3,205,933$2,408,982$7,189,415
91$8,567,482$3,298,200$2,424,859$7,808,521
92$9,374,500$3,392,946$2,439,226$8,487,864
93$10,261,727$3,490,229$2,451,968$9,233,520
94$11,237,279$3,590,105$2,462,965$10,052,183
95$12,310,096$3,692,635$2,472,089$10,951,229
96$13,490,028$3,797,877$2,479,207$11,938,787
97$14,787,930$3,905,892$2,484,179$13,023,810
98$16,215,757$4,016,739$2,486,857$14,216,165
99$17,786,686$4,130,481$2,487,089$15,526,725
100$19,515,233$4,247,179$2,484,711$16,967,468