Can I retire at age 75 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$167,636$166,142$164,685$163,264$161,875$158,802
2 years$82,988$81,442$79,944$78,492$77,083$73,999
3 years$54,776$53,223$51,729$50,291$48,905$45,905
4 years$40,672$39,125$37,646$36,232$34,879$31,988
5 years$32,213$30,674$29,215$27,829$26,515$23,740
6 years$26,575$25,048$23,610$22,255$20,980$18,325
7 years$22,549$21,035$19,620$18,297$17,063$14,528
8 years$19,531$18,031$16,639$15,349$14,155$11,740
9 years$17,185$15,699$14,331$13,074$11,921$9,623
10 years$15,310$13,838$12,494$11,270$10,157$7,976
11 years$13,776$12,319$11,000$9,808$8,735$6,667
12 years$12,499$11,057$9,762$8,603$7,570$5,612
13 years$11,419$9,992$8,722$7,595$6,601$4,751
14 years$10,494$9,083$7,837$6,742$5,786$4,040
15 years$9,694$8,297$7,075$6,013$5,095$3,449
16 years$8,994$7,613$6,415$5,384$4,503$2,953
17 years$8,377$7,011$5,837$4,837$3,993$2,536
18 years$7,829$6,478$5,329$4,359$3,550$2,183
19 years$7,339$6,004$4,878$3,939$3,164$1,882
20 years$6,899$5,579$4,477$3,568$2,826$1,625
21 years$6,502$5,197$4,118$3,238$2,529$1,406
22 years$6,141$4,851$3,795$2,944$2,267$1,217
23 years$5,812$4,537$3,504$2,681$2,035$1,055
24 years$5,510$4,251$3,241$2,445$1,829$915
25 years$5,234$3,989$3,002$2,233$1,646$795
26 years$4,979$3,749$2,784$2,042$1,483$690
27 years$4,743$3,529$2,585$1,869$1,337$600
28 years$4,524$3,325$2,403$1,712$1,206$522
29 years$4,321$3,137$2,236$1,570$1,089$454
30 years$4,132$2,962$2,083$1,441$984$395
31 years$3,956$2,800$1,942$1,324$890$344
32 years$3,790$2,650$1,812$1,216$805$300
33 years$3,635$2,509$1,692$1,119$728$261
34 years$3,490$2,378$1,581$1,029$659$228
35 years$3,353$2,256$1,478$947$597$198
36 years$3,224$2,141$1,383$873$541$173
37 years$3,102$2,034$1,294$804$490$151
38 years$2,987$1,933$1,212$741$445$131
39 years$2,878$1,838$1,135$683$403$115
40 years$2,775$1,748$1,064$630$366$100
41 years$2,677$1,664$998$581$332$87
42 years$2,584$1,585$936$537$301$76
43 years$2,496$1,510$878$495$273$66
44 years$2,412$1,440$824$457$248$58
45 years$2,332$1,373$774$422$225$50
46 years$2,255$1,310$727$390$204$44
47 years$2,182$1,250$683$360$186$38
48 years$2,113$1,193$642$333$169$33
49 years$2,046$1,139$603$308$153$29
50 years$1,982$1,088$567$285$139$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,030,000, adding $5,740 every year, while hoping to spend $35,508 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: 48/37/15 Blend
74$2,030,000$2,030,000$2,030,000$2,030,000
75$2,242,981$2,135,391$2,103,926$2,340,990
76$2,433,985$2,202,245$2,136,627$2,476,193
77$2,643,281$2,271,184$2,169,234$2,618,800
78$2,872,697$2,342,275$2,201,705$2,772,867
79$3,124,249$2,415,582$2,233,998$2,939,478
80$3,400,152$2,491,175$2,266,067$3,119,825
81$3,702,850$2,569,125$2,297,863$3,315,222
82$4,035,033$2,649,505$2,329,334$3,527,110
83$4,399,666$2,732,390$2,360,426$3,757,080
84$4,800,012$2,817,858$2,391,081$4,006,879
85$5,239,669$2,905,989$2,421,238$4,278,431
86$5,722,598$2,996,864$2,450,831$4,573,854
87$6,253,162$3,090,570$2,479,794$4,895,478
88$6,836,170$3,187,194$2,508,052$5,245,870
89$7,476,918$3,286,825$2,535,531$5,627,854
90$8,181,242$3,389,557$2,562,149$6,044,541
91$8,955,569$3,495,486$2,587,821$6,499,356
92$9,806,983$3,604,710$2,612,459$6,996,069
93$10,743,286$3,717,332$2,635,967$7,538,833
94$11,773,076$3,833,456$2,658,247$8,132,222
95$12,905,824$3,953,190$2,679,193$8,781,270
96$14,151,968$4,076,646$2,698,695$9,491,525
97$15,523,005$4,203,938$2,716,638$10,269,096
98$17,031,606$4,335,185$2,732,900$11,120,712
99$18,691,729$4,470,509$2,747,352$12,053,784
100$20,518,756$4,610,035$2,759,859$13,076,476