Can I retire at age 75 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$180,022$178,419$176,854$175,327$173,836$169,565
2 years$89,120$87,460$85,852$84,292$82,779$78,502
3 years$58,823$57,156$55,552$54,007$52,519$48,370
4 years$43,678$42,016$40,427$38,909$37,457$33,468
5 years$34,593$32,941$31,373$29,886$28,474$24,656
6 years$28,538$26,899$25,354$23,900$22,530$18,888
7 years$24,215$22,590$21,070$19,649$18,323$14,856
8 years$20,974$19,363$17,869$16,483$15,201$11,908
9 years$18,455$16,859$15,390$14,040$12,801$9,679
10 years$16,441$14,861$13,418$12,103$10,907$7,953
11 years$14,794$13,230$11,813$10,533$9,381$6,589
12 years$13,422$11,874$10,483$9,239$8,129$5,496
13 years$12,263$10,731$9,366$8,157$7,089$4,609
14 years$11,270$9,754$8,416$7,240$6,214$3,883
15 years$10,410$8,910$7,598$6,457$5,471$3,282
16 years$9,658$8,175$6,889$5,782$4,836$2,783
17 years$8,996$7,529$6,269$5,195$4,288$2,366
18 years$8,407$6,957$5,722$4,682$3,812$2,015
19 years$7,882$6,448$5,239$4,230$3,398$1,720
20 years$7,409$5,992$4,808$3,831$3,035$1,470
21 years$6,982$5,581$4,422$3,477$2,716$1,258
22 years$6,594$5,210$4,076$3,162$2,435$1,077
23 years$6,241$4,872$3,763$2,879$2,185$924
24 years$5,918$4,565$3,480$2,626$1,964$792
25 years$5,620$4,284$3,223$2,398$1,768$680
26 years$5,347$4,026$2,990$2,193$1,592$585
27 years$5,093$3,789$2,776$2,007$1,435$502
28 years$4,859$3,571$2,581$1,839$1,295$432
29 years$4,641$3,369$2,402$1,686$1,170$372
30 years$4,438$3,181$2,237$1,548$1,057$320
31 years$4,248$3,007$2,086$1,421$955$275
32 years$4,070$2,846$1,946$1,306$864$237
33 years$3,904$2,695$1,817$1,201$782$204
34 years$3,748$2,554$1,698$1,105$708$176
35 years$3,601$2,422$1,587$1,017$641$151
36 years$3,462$2,299$1,485$937$581$130
37 years$3,332$2,184$1,390$863$527$112
38 years$3,208$2,075$1,301$796$478$97
39 years$3,091$1,973$1,219$734$433$83
40 years$2,980$1,878$1,143$677$393$72
41 years$2,875$1,787$1,072$624$356$62
42 years$2,775$1,702$1,005$576$323$53
43 years$2,681$1,622$943$532$293$46
44 years$2,590$1,546$885$491$266$40
45 years$2,504$1,474$831$454$242$34
46 years$2,422$1,406$781$419$220$29
47 years$2,344$1,342$734$387$199$25
48 years$2,269$1,281$689$358$181$22
49 years$2,197$1,223$648$331$164$19
50 years$2,128$1,169$609$306$149$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,180,000, adding $6,981 every year, while hoping to spend $38,898 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: 33/43/24 Blend
74$2,180,000$2,180,000$2,180,000$2,180,000
75$2,409,561$2,294,021$2,260,231$2,471,201
76$2,613,949$2,365,041$2,294,561$2,589,129
77$2,837,881$2,438,237$2,328,738$2,712,139
78$3,083,309$2,513,675$2,362,716$2,843,932
79$3,352,384$2,591,422$2,396,444$2,985,306
80$3,647,473$2,671,548$2,429,871$3,137,142
81$3,971,186$2,754,125$2,462,942$3,300,406
82$4,326,395$2,839,225$2,495,599$3,476,164
83$4,716,266$2,926,925$2,527,779$3,665,583
84$5,144,283$3,017,302$2,559,418$3,869,952
85$5,614,287$3,110,437$2,590,446$4,090,685
86$6,130,508$3,206,412$2,620,789$4,329,340
87$6,697,606$3,305,313$2,650,372$4,587,631
88$7,320,714$3,407,225$2,679,112$4,867,444
89$8,005,487$3,512,240$2,706,923$5,170,855
90$8,758,157$3,620,450$2,733,714$5,500,148
91$9,585,586$3,731,949$2,759,391$5,857,840
92$10,495,337$3,846,835$2,783,852$6,246,700
93$11,495,741$3,965,210$2,806,991$6,669,776
94$12,595,978$4,087,177$2,828,696$7,130,426
95$13,806,160$4,212,841$2,848,850$7,632,346
96$15,137,431$4,342,313$2,867,329$8,179,608
97$16,602,067$4,475,705$2,884,003$8,776,695
98$18,213,596$4,613,132$2,898,735$9,428,544
99$19,986,922$4,754,714$2,911,381$10,140,593
100$21,938,466$4,900,573$2,921,791$10,918,834