Can I retire at age 75 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$178,371$176,782$175,232$173,719$172,241$165,866
2 years$88,302$86,658$85,064$83,519$82,020$75,669
3 years$58,283$56,632$55,042$53,511$52,037$45,910
4 years$43,277$41,630$40,057$38,552$37,113$31,257
5 years$34,275$32,639$31,085$29,611$28,213$22,643
6 years$28,276$26,652$25,122$23,681$22,324$17,044
7 years$23,993$22,382$20,876$19,469$18,155$13,164
8 years$20,782$19,186$17,705$16,332$15,061$10,354
9 years$18,286$16,705$15,249$13,911$12,684$8,254
10 years$16,290$14,724$13,294$11,992$10,807$6,647
11 years$14,658$13,108$11,704$10,436$9,295$5,395
12 years$13,299$11,765$10,387$9,154$8,055$4,406
13 years$12,150$10,632$9,280$8,082$7,024$3,616
14 years$11,166$9,664$8,338$7,174$6,157$2,979
15 years$10,314$8,829$7,528$6,398$5,421$2,462
16 years$9,570$8,100$6,826$5,729$4,791$2,040
17 years$8,913$7,460$6,211$5,147$4,248$1,694
18 years$8,330$6,893$5,670$4,639$3,777$1,409
19 years$7,809$6,389$5,191$4,191$3,367$1,174
20 years$7,341$5,937$4,764$3,796$3,007$979
21 years$6,918$5,530$4,382$3,445$2,691$817
22 years$6,534$5,162$4,038$3,133$2,412$683
23 years$6,184$4,828$3,729$2,853$2,165$571
24 years$5,863$4,523$3,448$2,602$1,946$477
25 years$5,569$4,245$3,194$2,376$1,751$400
26 years$5,297$3,990$2,962$2,173$1,578$335
27 years$5,047$3,755$2,751$1,989$1,422$280
28 years$4,814$3,538$2,557$1,822$1,283$235
29 years$4,598$3,338$2,380$1,671$1,159$197
30 years$4,397$3,152$2,216$1,533$1,047$165
31 years$4,209$2,980$2,066$1,408$947$138
32 years$4,033$2,819$1,928$1,294$856$116
33 years$3,868$2,670$1,800$1,190$775$97
34 years$3,713$2,531$1,682$1,095$702$81
35 years$3,568$2,400$1,573$1,008$636$68
36 years$3,431$2,278$1,471$928$576$57
37 years$3,301$2,164$1,377$855$522$48
38 years$3,179$2,056$1,289$788$473$40
39 years$3,063$1,955$1,208$727$429$34
40 years$2,953$1,860$1,132$671$389$28
41 years$2,849$1,771$1,062$619$353$24
42 years$2,750$1,687$996$571$320$20
43 years$2,656$1,607$935$527$291$17
44 years$2,566$1,532$877$487$264$14
45 years$2,481$1,461$824$449$240$12
46 years$2,400$1,393$774$415$218$10
47 years$2,322$1,330$727$384$198$8
48 years$2,248$1,269$683$354$179$7
49 years$2,177$1,212$642$328$163$6
50 years$2,109$1,158$604$303$148$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,160,000, adding $3,015 every year, while hoping to spend $37,221 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: 60/34/6 Blend
74$2,160,000$2,160,000$2,160,000$2,160,000
75$2,383,430$2,268,950$2,235,470$2,523,541
76$2,586,937$2,340,526$2,270,755$2,689,227
77$2,809,954$2,414,361$2,305,975$2,865,304
78$3,054,432$2,490,528$2,341,088$3,056,399
79$3,322,520$2,569,099$2,376,050$3,263,956
80$3,616,584$2,650,151$2,410,814$3,489,563
81$3,939,229$2,733,763$2,445,331$3,734,971
82$4,293,328$2,820,015$2,479,547$4,002,102
83$4,682,042$2,908,990$2,513,407$4,293,073
84$5,108,855$3,000,776$2,546,850$4,610,216
85$5,577,605$3,095,460$2,579,816$4,956,095
86$6,092,517$3,193,134$2,612,237$5,333,534
87$6,658,250$3,293,893$2,644,042$5,745,641
88$7,279,932$3,397,835$2,675,159$6,195,839
89$7,963,217$3,505,060$2,705,508$6,687,896
90$8,714,329$3,615,672$2,735,007$7,225,961
91$9,540,129$3,729,779$2,763,568$7,814,602
92$10,448,174$3,847,490$2,791,099$8,458,850
93$11,446,791$3,968,920$2,817,504$9,164,245
94$12,545,153$4,094,186$2,842,680$9,936,890
95$13,753,367$4,223,411$2,866,519$10,783,503
96$15,082,571$4,356,718$2,888,908$11,711,486
97$16,545,034$4,494,238$2,909,727$12,728,991
98$18,154,276$4,636,104$2,928,851$13,844,996
99$19,925,192$4,782,453$2,946,147$15,069,392
100$21,874,196$4,933,427$2,961,477$16,413,074