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

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$171,764$170,234$168,742$167,285$165,862$164,472
2 years$85,032$83,448$81,913$80,425$78,982$77,581
3 years$56,125$54,534$53,003$51,529$50,109$48,741
4 years$41,674$40,089$38,573$37,124$35,738$34,413
5 years$33,006$31,430$29,934$28,515$27,168$25,890
6 years$27,229$25,665$24,191$22,803$21,497$20,267
7 years$23,104$21,553$20,103$18,748$17,483$16,302
8 years$20,012$18,475$17,049$15,727$14,504$13,372
9 years$17,609$16,086$14,684$13,396$12,214$11,131
10 years$15,687$14,179$12,802$11,548$10,407$9,372
11 years$14,115$12,623$11,271$10,050$8,950$7,963
12 years$12,807$11,329$10,003$8,815$7,756$6,815
13 years$11,700$10,239$8,937$7,782$6,764$5,868
14 years$10,753$9,307$8,030$6,908$5,929$5,077
15 years$9,932$8,502$7,250$6,161$5,220$4,412
16 years$9,215$7,800$6,573$5,517$4,614$3,847
17 years$8,583$7,184$5,981$4,957$4,091$3,365
18 years$8,022$6,638$5,460$4,467$3,637$2,950
19 years$7,520$6,152$4,998$4,036$3,242$2,593
20 years$7,069$5,717$4,587$3,656$2,896$2,283
21 years$6,662$5,325$4,219$3,318$2,591$2,013
22 years$6,292$4,971$3,889$3,016$2,323$1,778
23 years$5,955$4,649$3,591$2,747$2,085$1,572
24 years$5,646$4,356$3,321$2,506$1,874$1,392
25 years$5,363$4,088$3,076$2,288$1,686$1,234
26 years$5,101$3,842$2,852$2,092$1,519$1,094
27 years$4,860$3,616$2,649$1,915$1,370$971
28 years$4,636$3,407$2,462$1,755$1,236$862
29 years$4,428$3,214$2,291$1,609$1,116$766
30 years$4,234$3,035$2,134$1,477$1,008$682
31 years$4,053$2,869$1,990$1,356$912$606
32 years$3,884$2,715$1,857$1,246$825$540
33 years$3,725$2,571$1,733$1,146$746$480
34 years$3,576$2,437$1,620$1,055$676$428
35 years$3,436$2,311$1,514$971$612$381
36 years$3,304$2,194$1,417$894$554$339
37 years$3,179$2,084$1,326$824$503$303
38 years$3,061$1,980$1,242$759$456$270
39 years$2,949$1,883$1,163$700$413$240
40 years$2,844$1,791$1,090$646$375$214
41 years$2,743$1,705$1,022$596$340$191
42 years$2,648$1,624$959$550$309$171
43 years$2,558$1,547$900$508$280$152
44 years$2,471$1,475$845$469$254$136
45 years$2,389$1,407$793$433$231$121
46 years$2,311$1,342$745$400$209$108
47 years$2,236$1,280$700$369$190$96
48 years$2,165$1,222$658$341$173$86
49 years$2,096$1,167$618$315$157$77
50 years$2,031$1,115$581$292$143$69

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 $5,123 every year, while hoping to spend $39,586 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: 67/12/21 Blend
74$2,080,000$2,080,000$2,080,000$2,080,000
75$2,297,444$2,187,204$2,154,964$2,438,894
76$2,489,665$2,252,258$2,185,036$2,599,385
77$2,700,164$2,319,173$2,214,789$2,769,794
78$2,930,767$2,387,998$2,244,170$2,955,208
79$3,183,479$2,458,784$2,273,124$3,157,105
80$3,460,511$2,531,582$2,301,591$3,377,110
81$3,764,299$2,606,445$2,329,510$3,617,014
82$4,097,524$2,683,427$2,356,815$3,878,789
83$4,463,140$2,762,583$2,383,437$4,164,610
84$4,864,400$2,843,970$2,409,302$4,476,869
85$5,304,888$2,927,644$2,434,333$4,818,203
86$5,788,552$3,013,664$2,458,449$5,191,516
87$6,319,741$3,102,090$2,481,563$5,600,008
88$6,903,245$3,192,983$2,503,586$6,047,206
89$7,544,341$3,286,404$2,524,421$6,536,991
90$8,248,843$3,382,417$2,543,969$7,073,643
91$9,023,157$3,481,087$2,562,123$7,661,877
92$9,874,338$3,582,479$2,578,773$8,306,886
93$10,810,160$3,686,661$2,593,802$9,014,394
94$11,839,188$3,793,699$2,607,086$9,790,707
95$12,970,858$3,903,663$2,618,496$10,642,771
96$14,215,567$4,016,624$2,627,897$11,578,244
97$15,584,769$4,132,653$2,635,146$12,605,560
98$17,091,086$4,251,823$2,640,093$13,734,015
99$18,748,421$4,374,207$2,642,581$14,973,851
100$20,572,097$4,499,880$2,642,445$16,336,354