Can I retire at age 75 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$168,461$166,961$165,497$164,068$162,672$161,309
2 years$83,397$81,843$80,338$78,879$77,463$76,089
3 years$55,046$53,486$51,984$50,538$49,146$47,804
4 years$40,873$39,318$37,831$36,410$35,051$33,751
5 years$32,371$30,825$29,359$27,966$26,645$25,392
6 years$26,705$25,171$23,726$22,365$21,084$19,877
7 years$22,660$21,139$19,716$18,387$17,147$15,989
8 years$19,627$18,120$16,721$15,425$14,225$13,115
9 years$17,270$15,777$14,402$13,138$11,979$10,917
10 years$15,385$13,906$12,556$11,326$10,207$9,192
11 years$13,844$12,380$11,054$9,857$8,778$7,810
12 years$12,560$11,112$9,810$8,646$7,607$6,684
13 years$11,475$10,042$8,765$7,633$6,634$5,755
14 years$10,546$9,128$7,875$6,775$5,815$4,980
15 years$9,741$8,338$7,110$6,043$5,120$4,327
16 years$9,038$7,650$6,446$5,410$4,525$3,773
17 years$8,418$7,045$5,866$4,861$4,012$3,300
18 years$7,867$6,510$5,355$4,381$3,567$2,893
19 years$7,376$6,034$4,902$3,959$3,180$2,543
20 years$6,933$5,607$4,499$3,585$2,840$2,239
21 years$6,534$5,223$4,138$3,254$2,542$1,974
22 years$6,171$4,875$3,814$2,958$2,278$1,744
23 years$5,840$4,560$3,522$2,694$2,045$1,542
24 years$5,538$4,272$3,257$2,457$1,838$1,365
25 years$5,259$4,009$3,016$2,244$1,654$1,210
26 years$5,003$3,768$2,798$2,052$1,490$1,073
27 years$4,766$3,546$2,598$1,878$1,343$952
28 years$4,547$3,341$2,415$1,721$1,212$846
29 years$4,343$3,152$2,247$1,578$1,094$752
30 years$4,153$2,977$2,093$1,448$989$668
31 years$3,975$2,814$1,952$1,330$894$595
32 years$3,809$2,663$1,821$1,222$809$529
33 years$3,653$2,522$1,700$1,124$732$471
34 years$3,507$2,390$1,589$1,034$663$420
35 years$3,370$2,267$1,485$952$600$374
36 years$3,240$2,152$1,389$877$544$333
37 years$3,118$2,044$1,300$808$493$297
38 years$3,002$1,942$1,218$745$447$265
39 years$2,893$1,847$1,141$687$405$236
40 years$2,789$1,757$1,069$633$368$210
41 years$2,691$1,673$1,003$584$333$188
42 years$2,597$1,593$941$539$303$167
43 years$2,508$1,518$883$498$275$149
44 years$2,424$1,447$828$460$249$133
45 years$2,343$1,380$778$424$226$119
46 years$2,266$1,316$731$392$205$106
47 years$2,193$1,256$686$362$187$95
48 years$2,123$1,199$645$335$169$84
49 years$2,056$1,145$606$309$154$75
50 years$1,992$1,094$570$286$140$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,040,000, adding $6,924 every year, while hoping to spend $48,965 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: 81/12/7 Blend
74$2,040,000$2,040,000$2,040,000$2,040,000
75$2,255,222$2,147,102$2,115,482$2,435,729
76$2,433,156$2,200,212$2,134,252$2,607,982
77$2,627,599$2,254,283$2,152,010$2,789,786
78$2,840,182$2,309,310$2,168,670$2,987,827
79$3,072,702$2,365,288$2,184,142$3,203,704
80$3,327,138$2,422,208$2,198,332$3,439,174
81$3,605,669$2,480,058$2,211,139$3,696,173
82$3,910,693$2,538,828$2,222,458$3,976,835
83$4,244,853$2,598,500$2,232,180$4,283,508
84$4,611,059$2,659,057$2,240,188$4,618,777
85$5,012,514$2,720,478$2,246,362$4,985,494
86$5,452,748$2,782,739$2,250,573$5,386,795
87$5,935,649$2,845,813$2,252,687$5,826,137
88$6,465,496$2,909,669$2,252,564$6,307,329
89$7,047,007$2,974,274$2,250,055$6,834,565
90$7,685,377$3,039,588$2,245,006$7,412,466
91$8,386,326$3,105,569$2,237,255$8,046,122
92$9,156,160$3,172,170$2,226,631$8,741,143
93$10,001,820$3,239,338$2,212,956$9,503,708
94$10,930,958$3,307,018$2,196,042$10,340,623
95$11,952,000$3,375,146$2,175,693$11,259,390
96$13,074,229$3,443,654$2,151,705$12,268,271
97$14,307,875$3,512,467$2,123,861$13,376,373
98$15,664,204$3,581,504$2,091,937$14,593,727
99$17,155,633$3,650,677$2,055,696$15,931,386
100$18,795,838$3,719,891$2,014,892$17,401,531