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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$164,332$162,869$161,440$160,046$158,685$154,286
2 years$81,353$79,838$78,369$76,945$75,564$71,165
3 years$53,696$52,175$50,710$49,300$47,941$43,680
4 years$39,871$38,354$36,904$35,518$34,192$30,101
5 years$31,578$30,070$28,639$27,281$25,992$22,083
6 years$26,051$24,554$23,145$21,817$20,567$16,843
7 years$22,105$20,621$19,233$17,937$16,726$13,187
8 years$19,146$17,676$16,311$15,047$13,876$10,521
9 years$16,847$15,390$14,049$12,816$11,686$8,511
10 years$15,008$13,565$12,248$11,048$9,957$6,958
11 years$13,504$12,077$10,783$9,615$8,563$5,736
12 years$12,253$10,839$9,570$8,434$7,421$4,759
13 years$11,194$9,796$8,550$7,446$6,471$3,970
14 years$10,288$8,904$7,682$6,609$5,672$3,326
15 years$9,503$8,134$6,936$5,894$4,994$2,796
16 years$8,816$7,463$6,288$5,278$4,414$2,357
17 years$8,212$6,873$5,722$4,742$3,914$1,992
18 years$7,675$6,351$5,224$4,274$3,480$1,687
19 years$7,195$5,886$4,782$3,862$3,102$1,431
20 years$6,763$5,469$4,389$3,497$2,771$1,215
21 years$6,374$5,095$4,037$3,174$2,479$1,034
22 years$6,020$4,756$3,720$2,886$2,222$880
23 years$5,697$4,448$3,435$2,628$1,995$750
24 years$5,402$4,167$3,177$2,397$1,793$639
25 years$5,131$3,911$2,943$2,189$1,614$545
26 years$4,881$3,676$2,729$2,002$1,453$465
27 years$4,649$3,459$2,534$1,832$1,310$397
28 years$4,435$3,259$2,356$1,679$1,182$340
29 years$4,236$3,075$2,192$1,539$1,068$290
30 years$4,051$2,904$2,042$1,413$965$248
31 years$3,878$2,745$1,904$1,298$872$212
32 years$3,716$2,598$1,776$1,192$789$181
33 years$3,564$2,460$1,658$1,097$714$155
34 years$3,421$2,331$1,550$1,009$646$133
35 years$3,287$2,211$1,449$929$586$114
36 years$3,161$2,099$1,355$855$530$97
37 years$3,041$1,993$1,269$788$481$83
38 years$2,928$1,894$1,188$726$436$71
39 years$2,822$1,801$1,113$670$395$61
40 years$2,721$1,714$1,043$618$359$52
41 years$2,625$1,632$978$570$325$45
42 years$2,534$1,554$918$526$295$38
43 years$2,447$1,480$861$486$268$33
44 years$2,364$1,411$808$448$243$28
45 years$2,286$1,346$759$414$221$24
46 years$2,211$1,284$713$382$200$20
47 years$2,139$1,225$670$353$182$18
48 years$2,071$1,170$629$327$165$15
49 years$2,006$1,117$591$302$150$13
50 years$1,943$1,067$556$279$136$11

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 $2,827 every year, while hoping to spend $59,224 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: 76/8/16 Blend
74$1,990,000$1,990,000$1,990,000$1,990,000
75$2,195,896$2,090,426$2,059,581$2,354,855
76$2,356,864$2,129,843$2,065,563$2,499,688
77$2,532,265$2,169,207$2,069,761$2,650,760
78$2,723,510$2,208,451$2,072,051$2,814,781
79$2,932,149$2,247,507$2,072,307$2,993,024
80$3,159,892$2,286,298$2,070,392$3,186,891
81$3,408,617$2,324,743$2,066,167$3,397,926
82$3,680,394$2,362,754$2,059,482$3,627,830
83$3,977,502$2,400,236$2,050,182$3,878,479
84$4,302,448$2,437,089$2,038,104$4,151,938
85$4,657,995$2,473,204$2,023,078$4,450,482
86$5,047,184$2,508,464$2,004,924$4,776,620
87$5,473,363$2,542,745$1,983,455$5,133,116
88$5,940,221$2,575,914$1,958,476$5,523,014
89$6,451,818$2,607,829$1,929,779$5,949,670
90$7,012,627$2,638,336$1,897,151$6,416,781
91$7,627,575$2,667,275$1,860,365$6,928,424
92$8,302,087$2,694,470$1,819,187$7,489,088
93$9,042,139$2,719,738$1,773,369$8,103,724
94$9,854,313$2,742,881$1,722,652$8,777,783
95$10,745,860$2,763,689$1,666,768$9,517,278
96$11,724,766$2,781,939$1,605,434$10,328,831
97$12,799,830$2,797,392$1,538,354$11,219,744
98$13,980,744$2,809,795$1,465,219$12,198,060
99$15,278,183$2,818,878$1,385,708$13,272,647
100$16,703,911$2,824,356$1,299,482$14,453,276