Can I retire at age 75 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$176,719$175,145$173,609$172,110$170,647$167,065
2 years$87,485$85,855$84,276$82,745$81,260$77,668
3 years$57,744$56,107$54,532$53,016$51,555$48,065
4 years$42,876$41,245$39,686$38,195$36,769$33,409
5 years$33,958$32,337$30,798$29,337$27,951$24,729
6 years$28,015$26,405$24,889$23,461$22,117$19,037
7 years$23,771$22,175$20,683$19,289$17,987$15,049
8 years$20,590$19,008$17,541$16,181$14,922$12,126
9 years$18,116$16,550$15,108$13,783$12,567$9,910
10 years$16,139$14,588$13,171$11,881$10,707$8,188
11 years$14,522$12,987$11,596$10,340$9,209$6,823
12 years$13,176$11,656$10,291$9,069$7,980$5,725
13 years$12,038$10,534$9,194$8,007$6,959$4,830
14 years$11,063$9,575$8,261$7,108$6,100$4,094
15 years$10,219$8,747$7,459$6,339$5,371$3,483
16 years$9,481$8,025$6,762$5,676$4,747$2,972
17 years$8,831$7,391$6,154$5,100$4,209$2,543
18 years$8,253$6,829$5,617$4,596$3,742$2,180
19 years$7,737$6,330$5,142$4,153$3,336$1,873
20 years$7,273$5,882$4,719$3,761$2,979$1,612
21 years$6,854$5,479$4,341$3,413$2,666$1,389
22 years$6,473$5,114$4,001$3,104$2,390$1,198
23 years$6,127$4,783$3,694$2,826$2,145$1,034
24 years$5,809$4,481$3,416$2,578$1,928$894
25 years$5,517$4,206$3,164$2,354$1,735$773
26 years$5,248$3,953$2,935$2,153$1,563$669
27 years$5,000$3,720$2,725$1,970$1,409$579
28 years$4,770$3,505$2,533$1,805$1,271$502
29 years$4,556$3,307$2,358$1,655$1,148$435
30 years$4,356$3,123$2,196$1,519$1,037$377
31 years$4,170$2,952$2,047$1,395$938$327
32 years$3,996$2,793$1,910$1,282$848$283
33 years$3,832$2,645$1,783$1,179$768$246
34 years$3,679$2,507$1,666$1,085$695$213
35 years$3,535$2,378$1,558$999$630$185
36 years$3,399$2,257$1,457$920$570$161
37 years$3,271$2,144$1,364$848$517$139
38 years$3,149$2,037$1,277$781$469$121
39 years$3,034$1,937$1,197$720$425$105
40 years$2,926$1,843$1,122$664$386$91
41 years$2,823$1,754$1,052$613$350$79
42 years$2,725$1,671$987$566$317$69
43 years$2,631$1,592$926$522$288$60
44 years$2,543$1,518$869$482$261$52
45 years$2,458$1,447$816$445$237$45
46 years$2,377$1,381$766$411$216$39
47 years$2,301$1,317$720$380$196$34
48 years$2,227$1,258$677$351$178$30
49 years$2,157$1,201$636$325$161$26
50 years$2,089$1,147$598$300$147$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,140,000, adding $2,212 every year, while hoping to spend $38,992 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: 29/48/23 Blend
74$2,140,000$2,140,000$2,140,000$2,140,000
75$2,360,562$2,247,142$2,213,972$2,412,002
76$2,559,852$2,315,764$2,246,653$2,520,674
77$2,778,163$2,386,443$2,279,121$2,633,828
78$3,017,393$2,459,237$2,311,330$2,754,672
79$3,279,635$2,534,207$2,343,227$2,883,895
80$3,567,191$2,611,416$2,374,758$3,022,251
81$3,882,598$2,690,929$2,405,866$3,170,569
82$4,228,651$2,772,812$2,436,491$3,329,763
83$4,608,427$2,857,134$2,466,567$3,500,834
84$5,025,316$2,943,963$2,496,026$3,684,886
85$5,483,053$3,033,372$2,524,798$3,883,130
86$5,985,752$3,125,435$2,552,806$4,096,900
87$6,537,944$3,220,226$2,579,971$4,327,665
88$7,144,621$3,317,825$2,606,207$4,577,038
89$7,811,284$3,418,309$2,631,426$4,846,796
90$8,543,990$3,521,762$2,655,534$5,138,894
91$9,349,415$3,628,266$2,678,432$5,455,484
92$10,234,912$3,737,908$2,700,017$5,798,936
93$11,208,584$3,850,776$2,720,178$6,171,856
94$12,279,356$3,966,960$2,738,800$6,577,115
95$13,457,062$4,086,554$2,755,762$7,017,875
96$14,752,539$4,209,651$2,770,937$7,497,616
97$16,177,725$4,336,351$2,784,190$8,020,171
98$17,745,773$4,466,752$2,795,380$8,589,760
99$19,471,176$4,600,958$2,804,360$9,211,031
100$21,369,904$4,739,072$2,810,974$9,889,104