Can I retire at age 75 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$177,545$175,964$174,421$172,915$171,444$170,150
2 years$87,894$86,257$84,670$83,132$81,640$80,335
3 years$58,014$56,370$54,787$53,263$51,796$50,521
4 years$43,077$41,438$39,871$38,373$36,941$35,706
5 years$34,117$32,488$30,942$29,474$28,082$26,890
6 years$28,145$26,529$25,005$23,571$22,220$21,073
7 years$23,882$22,279$20,780$19,379$18,071$16,969
8 years$20,686$19,097$17,623$16,257$14,992$13,935
9 years$18,201$16,627$15,178$13,847$12,625$11,613
10 years$16,215$14,656$13,233$11,936$10,757$9,790
11 years$14,590$13,048$11,650$10,388$9,252$8,328
12 years$13,238$11,711$10,339$9,112$8,017$7,137
13 years$12,094$10,583$9,237$8,044$6,991$6,153
14 years$11,115$9,620$8,300$7,141$6,128$5,331
15 years$10,267$8,788$7,494$6,368$5,396$4,638
16 years$9,525$8,063$6,794$5,702$4,769$4,050
17 years$8,872$7,425$6,182$5,123$4,229$3,547
18 years$8,292$6,861$5,644$4,617$3,760$3,115
19 years$7,773$6,359$5,166$4,172$3,351$2,741
20 years$7,307$5,909$4,742$3,779$2,993$2,417
21 years$6,886$5,504$4,361$3,429$2,679$2,135
22 years$6,504$5,138$4,020$3,118$2,401$1,888
23 years$6,155$4,805$3,711$2,840$2,155$1,672
24 years$5,836$4,502$3,432$2,590$1,937$1,483
25 years$5,543$4,225$3,179$2,365$1,743$1,316
26 years$5,273$3,971$2,948$2,163$1,570$1,169
27 years$5,023$3,737$2,738$1,980$1,416$1,039
28 years$4,792$3,522$2,545$1,814$1,277$924
29 years$4,577$3,322$2,369$1,663$1,153$823
30 years$4,376$3,137$2,206$1,526$1,042$733
31 years$4,189$2,966$2,057$1,402$942$653
32 years$4,014$2,806$1,919$1,288$852$582
33 years$3,850$2,658$1,792$1,185$771$519
34 years$3,696$2,519$1,674$1,090$698$463
35 years$3,551$2,389$1,565$1,003$633$413
36 years$3,415$2,268$1,464$924$573$369
37 years$3,286$2,154$1,370$852$519$329
38 years$3,164$2,047$1,283$785$471$294
39 years$3,049$1,946$1,202$724$427$262
40 years$2,939$1,852$1,127$667$387$234
41 years$2,836$1,763$1,057$616$351$209
42 years$2,737$1,679$991$568$319$187
43 years$2,644$1,599$930$525$289$167
44 years$2,555$1,525$873$484$263$149
45 years$2,470$1,454$820$447$238$134
46 years$2,389$1,387$770$413$217$119
47 years$2,311$1,324$723$382$197$107
48 years$2,237$1,264$680$353$179$95
49 years$2,167$1,207$639$326$162$85
50 years$2,099$1,153$601$301$147$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,150,000, adding $6,010 every year, while hoping to spend $21,588 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: 72/7/21 Blend
74$2,150,000$2,150,000$2,150,000$2,150,000
75$2,375,499$2,261,549$2,228,224$2,533,964
76$2,594,831$2,349,396$2,279,900$2,728,104
77$2,835,811$2,440,823$2,332,584$2,937,515
78$3,100,624$2,535,984$2,386,286$3,166,335
79$3,391,678$2,635,038$2,441,018$3,416,486
80$3,711,626$2,738,152$2,496,789$3,690,088
81$4,063,390$2,845,499$2,553,609$3,989,474
82$4,450,188$2,957,261$2,611,487$4,317,215
83$4,875,569$3,073,628$2,670,433$4,676,140
84$5,343,439$3,194,798$2,730,455$5,069,366
85$5,858,105$3,320,978$2,791,560$5,500,328
86$6,424,310$3,452,385$2,853,756$5,972,806
87$7,047,281$3,589,243$2,917,049$6,490,965
88$7,732,778$3,731,790$2,981,444$7,059,395
89$8,487,146$3,880,272$3,046,946$7,683,148
90$9,317,376$4,034,947$3,113,561$8,367,792
91$10,231,173$4,196,084$3,181,290$9,119,460
92$11,237,025$4,363,965$3,250,135$9,944,910
93$12,344,286$4,538,883$3,320,099$10,851,583
94$13,563,261$4,721,147$3,391,180$11,847,681
95$14,905,307$4,911,076$3,463,379$12,942,236
96$16,382,938$5,109,009$3,536,691$14,145,202
97$18,009,942$5,315,294$3,611,114$15,467,545
98$19,801,512$5,530,300$3,686,643$16,921,345
99$21,774,391$5,754,409$3,763,270$18,519,914
100$23,947,027$5,988,023$3,840,988$20,277,916