Can I retire at age 75 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$184,151$182,511$180,911$179,349$177,823$172,131
2 years$91,164$89,466$87,821$86,225$84,678$78,995
3 years$60,172$58,467$56,826$55,245$53,723$48,229
4 years$44,679$42,980$41,355$39,801$38,316$33,052
5 years$35,386$33,696$32,093$30,571$29,127$24,108
6 years$29,193$27,516$25,936$24,448$23,047$18,276
7 years$24,771$23,108$21,553$20,100$18,744$14,221
8 years$21,455$19,808$18,278$16,861$15,550$11,272
9 years$18,878$17,246$15,743$14,362$13,095$9,058
10 years$16,818$15,202$13,725$12,380$11,158$7,354
11 years$15,133$13,533$12,084$10,775$9,596$6,020
12 years$13,730$12,147$10,724$9,451$8,316$4,959
13 years$12,544$10,977$9,581$8,344$7,251$4,105
14 years$11,528$9,978$8,609$7,407$6,357$3,413
15 years$10,649$9,115$7,772$6,605$5,597$2,847
16 years$9,880$8,363$7,047$5,914$4,946$2,381
17 years$9,202$7,702$6,412$5,314$4,386$1,996
18 years$8,600$7,117$5,854$4,789$3,900$1,677
19 years$8,062$6,596$5,359$4,327$3,476$1,411
20 years$7,579$6,129$4,918$3,919$3,105$1,188
21 years$7,142$5,709$4,524$3,557$2,778$1,002
22 years$6,746$5,329$4,169$3,234$2,490$846
23 years$6,384$4,984$3,850$2,945$2,236$714
24 years$6,053$4,670$3,560$2,686$2,009$604
25 years$5,749$4,382$3,297$2,453$1,808$511
26 years$5,469$4,119$3,058$2,243$1,629$432
27 years$5,210$3,876$2,840$2,053$1,468$366
28 years$4,970$3,653$2,640$1,881$1,325$310
29 years$4,747$3,446$2,457$1,725$1,196$262
30 years$4,539$3,254$2,288$1,583$1,081$222
31 years$4,345$3,076$2,133$1,454$977$188
32 years$4,164$2,911$1,990$1,336$884$159
33 years$3,994$2,757$1,858$1,229$800$135
34 years$3,834$2,613$1,736$1,131$724$115
35 years$3,683$2,478$1,623$1,041$656$97
36 years$3,542$2,352$1,519$959$594$82
37 years$3,408$2,234$1,421$883$539$70
38 years$3,282$2,123$1,331$814$488$59
39 years$3,162$2,019$1,247$751$443$50
40 years$3,049$1,921$1,169$692$402$43
41 years$2,941$1,828$1,096$639$365$36
42 years$2,839$1,741$1,028$589$331$31
43 years$2,742$1,659$965$544$300$26
44 years$2,650$1,581$906$502$272$22
45 years$2,561$1,508$850$464$247$19
46 years$2,477$1,439$799$429$225$16
47 years$2,397$1,373$750$396$204$13
48 years$2,321$1,311$705$366$185$11
49 years$2,247$1,252$663$338$168$10
50 years$2,177$1,195$623$313$153$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,230,000, adding $6,165 every year, while hoping to spend $59,869 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: 47/36/17 Blend
74$2,230,000$2,230,000$2,230,000$2,230,000
75$2,463,819$2,345,629$2,311,064$2,567,503
76$2,651,429$2,396,865$2,324,785$2,691,426
77$2,856,168$2,448,605$2,336,958$2,819,290
78$3,079,720$2,500,810$2,347,470$2,956,786
79$3,323,940$2,553,438$2,356,199$3,104,837
80$3,590,869$2,606,443$2,363,018$3,264,462
81$3,882,752$2,659,773$2,367,794$3,436,781
82$4,202,064$2,713,374$2,370,386$3,623,029
83$4,551,530$2,767,184$2,370,649$3,824,571
84$4,934,147$2,821,137$2,368,427$4,042,906
85$5,353,220$2,875,163$2,363,560$4,279,691
86$5,812,386$2,929,184$2,355,876$4,536,751
87$6,315,651$2,983,115$2,345,199$4,816,098
88$6,867,426$3,036,866$2,331,343$5,119,949
89$7,472,571$3,090,340$2,314,110$5,450,752
90$8,136,438$3,143,432$2,293,297$5,811,202
91$8,864,922$3,196,027$2,268,690$6,204,272
92$9,664,516$3,248,004$2,240,063$6,633,241
93$10,542,372$3,299,233$2,207,181$7,101,721
94$11,506,371$3,349,572$2,169,798$7,613,699
95$12,565,191$3,398,870$2,127,657$8,173,567
96$13,728,393$3,446,968$2,080,486$8,786,170
97$15,006,510$3,493,691$2,028,004$9,456,848
98$16,411,147$3,538,855$1,969,915$10,191,489
99$17,955,088$3,582,262$1,905,910$10,996,588
100$19,652,415$3,623,701$1,835,666$11,879,301