Can I retire at age 75 with 1,990,000?

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 $1,990,000?

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$164,332$162,869$161,440$160,046$158,685$156,767
2 years$81,353$79,838$78,369$76,945$75,564$73,634
3 years$53,696$52,175$50,710$49,300$47,941$46,059
4 years$39,871$38,354$36,904$35,518$34,192$32,372
5 years$31,578$30,070$28,639$27,281$25,992$24,240
6 years$26,051$24,554$23,145$21,817$20,567$18,884
7 years$22,105$20,621$19,233$17,937$16,726$15,114
8 years$19,146$17,676$16,311$15,047$13,876$12,333
9 years$16,847$15,390$14,049$12,816$11,686$10,213
10 years$15,008$13,565$12,248$11,048$9,957$8,552
11 years$13,504$12,077$10,783$9,615$8,563$7,226
12 years$12,253$10,839$9,570$8,434$7,421$6,149
13 years$11,194$9,796$8,550$7,446$6,471$5,264
14 years$10,288$8,904$7,682$6,609$5,672$4,528
15 years$9,503$8,134$6,936$5,894$4,994$3,910
16 years$8,816$7,463$6,288$5,278$4,414$3,389
17 years$8,212$6,873$5,722$4,742$3,914$2,945
18 years$7,675$6,351$5,224$4,274$3,480$2,566
19 years$7,195$5,886$4,782$3,862$3,102$2,240
20 years$6,763$5,469$4,389$3,497$2,771$1,959
21 years$6,374$5,095$4,037$3,174$2,479$1,717
22 years$6,020$4,756$3,720$2,886$2,222$1,506
23 years$5,697$4,448$3,435$2,628$1,995$1,323
24 years$5,402$4,167$3,177$2,397$1,793$1,163
25 years$5,131$3,911$2,943$2,189$1,614$1,023
26 years$4,881$3,676$2,729$2,002$1,453$901
27 years$4,649$3,459$2,534$1,832$1,310$794
28 years$4,435$3,259$2,356$1,679$1,182$700
29 years$4,236$3,075$2,192$1,539$1,068$618
30 years$4,051$2,904$2,042$1,413$965$545
31 years$3,878$2,745$1,904$1,298$872$481
32 years$3,716$2,598$1,776$1,192$789$425
33 years$3,564$2,460$1,658$1,097$714$376
34 years$3,421$2,331$1,550$1,009$646$332
35 years$3,287$2,211$1,449$929$586$294
36 years$3,161$2,099$1,355$855$530$260
37 years$3,041$1,993$1,269$788$481$230
38 years$2,928$1,894$1,188$726$436$203
39 years$2,822$1,801$1,113$670$395$180
40 years$2,721$1,714$1,043$618$359$159
41 years$2,625$1,632$978$570$325$141
42 years$2,534$1,554$918$526$295$125
43 years$2,447$1,480$861$486$268$110
44 years$2,364$1,411$808$448$243$98
45 years$2,286$1,346$759$414$221$86
46 years$2,211$1,284$713$382$200$76
47 years$2,139$1,225$670$353$182$68
48 years$2,071$1,170$629$327$165$60
49 years$2,006$1,117$591$302$150$53
50 years$1,943$1,067$556$279$136$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,990,000, adding $2,826 every year, while hoping to spend $20,535 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: 73/20/7 Blend
74$1,990,000$1,990,000$1,990,000$1,990,000
75$2,195,895$2,090,425$2,059,580$2,353,829
76$2,398,027$2,171,007$2,106,727$2,538,898
77$2,620,089$2,254,849$2,154,765$2,738,662
78$2,864,090$2,342,089$2,203,702$2,956,857
79$3,132,248$2,432,872$2,253,547$3,195,294
80$3,427,003$2,527,348$2,304,306$3,455,971
81$3,751,043$2,625,674$2,355,986$3,741,084
82$4,107,331$2,728,014$2,408,594$4,053,050
83$4,499,132$2,834,540$2,462,135$4,394,533
84$4,930,042$2,945,431$2,516,614$4,768,463
85$5,404,022$3,060,873$2,572,037$5,178,067
86$5,925,439$3,181,062$2,628,407$5,626,898
87$6,499,102$3,306,201$2,685,726$6,118,869
88$7,130,310$3,436,505$2,743,997$6,658,287
89$7,824,902$3,572,195$2,803,222$7,249,898
90$8,589,313$3,713,503$2,863,401$7,898,926
91$9,430,632$3,860,674$2,924,534$8,611,124
92$10,356,669$4,013,959$2,986,619$9,392,830
93$11,376,031$4,173,626$3,049,653$10,251,022
94$12,498,203$4,339,950$3,113,632$11,193,388
95$13,733,633$4,513,220$3,178,552$12,228,395
96$15,093,836$4,693,741$3,244,406$13,365,369
97$16,591,501$4,881,827$3,311,187$14,614,583
98$18,240,606$5,077,810$3,378,885$15,987,352
99$20,056,560$5,282,034$3,447,488$17,496,141
100$22,056,335$5,494,860$3,516,986$19,154,681