Can I retire at age 75 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$171,764$170,234$168,742$167,285$165,862$163,114
2 years$85,032$83,448$81,913$80,425$78,982$76,222
3 years$56,125$54,534$53,003$51,529$50,109$47,422
4 years$41,674$40,089$38,573$37,124$35,738$33,146
5 years$33,006$31,430$29,934$28,515$27,168$24,677
6 years$27,229$25,665$24,191$22,803$21,497$19,110
7 years$23,104$21,553$20,103$18,748$17,483$15,201
8 years$20,012$18,475$17,049$15,727$14,504$12,327
9 years$17,609$16,086$14,684$13,396$12,214$10,141
10 years$15,687$14,179$12,802$11,548$10,407$8,435
11 years$14,115$12,623$11,271$10,050$8,950$7,078
12 years$12,807$11,329$10,003$8,815$7,756$5,981
13 years$11,700$10,239$8,937$7,782$6,764$5,083
14 years$10,753$9,307$8,030$6,908$5,929$4,340
15 years$9,932$8,502$7,250$6,161$5,220$3,720
16 years$9,215$7,800$6,573$5,517$4,614$3,200
17 years$8,583$7,184$5,981$4,957$4,091$2,759
18 years$8,022$6,638$5,460$4,467$3,637$2,385
19 years$7,520$6,152$4,998$4,036$3,242$2,066
20 years$7,069$5,717$4,587$3,656$2,896$1,792
21 years$6,662$5,325$4,219$3,318$2,591$1,557
22 years$6,292$4,971$3,889$3,016$2,323$1,354
23 years$5,955$4,649$3,591$2,747$2,085$1,179
24 years$5,646$4,356$3,321$2,506$1,874$1,028
25 years$5,363$4,088$3,076$2,288$1,686$897
26 years$5,101$3,842$2,852$2,092$1,519$783
27 years$4,860$3,616$2,649$1,915$1,370$684
28 years$4,636$3,407$2,462$1,755$1,236$598
29 years$4,428$3,214$2,291$1,609$1,116$523
30 years$4,234$3,035$2,134$1,477$1,008$457
31 years$4,053$2,869$1,990$1,356$912$400
32 years$3,884$2,715$1,857$1,246$825$350
33 years$3,725$2,571$1,733$1,146$746$307
34 years$3,576$2,437$1,620$1,055$676$268
35 years$3,436$2,311$1,514$971$612$235
36 years$3,304$2,194$1,417$894$554$206
37 years$3,179$2,084$1,326$824$503$181
38 years$3,061$1,980$1,242$759$456$158
39 years$2,949$1,883$1,163$700$413$139
40 years$2,844$1,791$1,090$646$375$122
41 years$2,743$1,705$1,022$596$340$107
42 years$2,648$1,624$959$550$309$93
43 years$2,558$1,547$900$508$280$82
44 years$2,471$1,475$845$469$254$72
45 years$2,389$1,407$793$433$231$63
46 years$2,311$1,342$745$400$209$55
47 years$2,236$1,280$700$369$190$48
48 years$2,165$1,222$658$341$173$42
49 years$2,096$1,167$618$315$157$37
50 years$2,031$1,115$581$292$143$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,080,000, adding $4,477 every year, while hoping to spend $23,287 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: 54/24/22 Blend
74$2,080,000$2,080,000$2,080,000$2,080,000
75$2,296,778$2,186,538$2,154,298$2,406,730
76$2,506,272$2,268,901$2,201,690$2,565,088
77$2,736,354$2,354,520$2,249,889$2,734,577
78$2,989,100$2,443,528$2,298,897$2,918,593
79$3,266,795$2,536,068$2,348,717$3,118,531
80$3,571,958$2,632,286$2,399,349$3,335,927
81$3,907,364$2,732,334$2,450,794$3,572,471
82$4,276,071$2,836,374$2,503,051$3,830,023
83$4,681,445$2,944,572$2,556,119$4,110,629
84$5,127,198$3,057,101$2,609,994$4,416,540
85$5,617,418$3,174,144$2,664,674$4,750,233
86$6,156,608$3,295,891$2,720,154$5,114,436
87$6,749,731$3,422,538$2,776,428$5,512,151
88$7,402,255$3,554,294$2,833,490$5,946,681
89$8,120,203$3,691,374$2,891,331$6,421,665
90$8,910,215$3,834,002$2,949,941$6,941,106
91$9,779,603$3,982,414$3,009,311$7,509,414
92$10,736,426$4,136,855$3,069,426$8,131,442
93$11,789,563$4,297,583$3,130,273$8,812,538
94$12,948,797$4,464,863$3,191,836$9,558,585
95$14,224,909$4,638,976$3,254,097$10,376,066
96$15,629,778$4,820,214$3,317,038$11,272,119
97$17,176,492$5,008,882$3,380,635$12,254,605
98$18,879,474$5,205,297$3,444,866$13,332,180
99$20,754,616$5,409,792$3,509,705$14,514,380
100$22,819,430$5,622,715$3,575,123$15,811,707