Can I retire at age 75 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$188,280$186,603$184,967$183,370$181,810$180,212
2 years$93,208$91,472$89,790$88,159$86,576$84,965
3 years$61,521$59,778$58,100$56,484$54,928$53,354
4 years$45,681$43,943$42,282$40,694$39,175$37,651
5 years$36,180$34,452$32,812$31,257$29,780$28,311
6 years$29,847$28,133$26,517$24,996$23,564$22,151
7 years$25,326$23,626$22,036$20,551$19,164$17,807
8 years$21,936$20,252$18,688$17,239$15,898$14,598
9 years$19,302$17,633$16,096$14,684$13,389$12,145
10 years$17,195$15,542$14,033$12,658$11,408$10,220
11 years$15,472$13,836$12,354$11,016$9,811$8,678
12 years$14,038$12,419$10,964$9,663$8,502$7,422
13 years$12,825$11,223$9,796$8,531$7,414$6,386
14 years$11,787$10,201$8,802$7,573$6,499$5,522
15 years$10,887$9,319$7,947$6,753$5,722$4,795
16 years$10,101$8,550$7,205$6,047$5,057$4,178
17 years$9,408$7,874$6,556$5,433$4,484$3,652
18 years$8,793$7,276$5,985$4,896$3,987$3,200
19 years$8,243$6,744$5,479$4,424$3,554$2,810
20 years$7,749$6,266$5,028$4,007$3,174$2,472
21 years$7,302$5,837$4,625$3,637$2,841$2,179
22 years$6,897$5,449$4,263$3,307$2,546$1,923
23 years$6,527$5,096$3,936$3,011$2,286$1,699
24 years$6,189$4,775$3,640$2,747$2,054$1,503
25 years$5,878$4,481$3,371$2,508$1,849$1,331
26 years$5,592$4,211$3,127$2,293$1,665$1,180
27 years$5,327$3,963$2,903$2,099$1,501$1,046
28 years$5,082$3,734$2,699$1,923$1,355$928
29 years$4,854$3,523$2,512$1,764$1,223$824
30 years$4,641$3,327$2,340$1,619$1,105$732
31 years$4,443$3,145$2,181$1,487$999$651
32 years$4,257$2,976$2,035$1,366$904$579
33 years$4,083$2,818$1,900$1,256$818$515
34 years$3,920$2,671$1,775$1,156$741$458
35 years$3,766$2,534$1,660$1,064$671$408
36 years$3,621$2,405$1,553$980$608$363
37 years$3,484$2,284$1,453$903$551$323
38 years$3,355$2,171$1,361$832$499$288
39 years$3,233$2,064$1,275$767$453$256
40 years$3,117$1,964$1,195$708$411$228
41 years$3,007$1,869$1,121$653$373$204
42 years$2,903$1,780$1,051$603$338$181
43 years$2,803$1,696$986$556$307$162
44 years$2,709$1,617$926$514$279$144
45 years$2,619$1,542$869$474$253$128
46 years$2,533$1,471$817$438$230$115
47 years$2,451$1,404$767$405$209$102
48 years$2,373$1,340$721$374$189$91
49 years$2,298$1,280$678$346$172$81
50 years$2,226$1,222$637$320$156$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,280,000, adding $3,538 every year, while hoping to spend $48,328 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: 47/31/22 Blend
74$2,280,000$2,280,000$2,280,000$2,280,000
75$2,516,209$2,395,369$2,360,029$2,618,538
76$2,721,442$2,461,322$2,387,670$2,756,451
77$2,945,989$2,528,886$2,414,616$2,900,965
78$3,191,769$2,598,091$2,440,795$3,056,838
79$3,460,895$2,668,963$2,466,127$3,225,158
80$3,755,694$2,741,529$2,490,530$3,407,118
81$4,078,728$2,815,819$2,513,917$3,604,035
82$4,432,821$2,891,856$2,536,196$3,817,360
83$4,821,081$2,969,669$2,557,270$4,048,688
84$5,246,930$3,049,282$2,577,038$4,299,778
85$5,714,140$3,130,720$2,595,392$4,572,567
86$6,226,864$3,214,007$2,612,219$4,869,189
87$6,789,678$3,299,167$2,627,402$5,191,993
88$7,407,620$3,386,221$2,640,815$5,543,570
89$8,086,242$3,475,191$2,652,327$5,926,770
90$8,831,660$3,566,096$2,661,801$6,344,738
91$9,650,609$3,658,955$2,669,091$6,800,936
92$10,550,513$3,753,785$2,674,047$7,299,178
93$11,539,546$3,850,601$2,676,508$7,843,669
94$12,626,716$3,949,417$2,676,308$8,439,040
95$13,821,947$4,050,244$2,673,270$9,090,394
96$15,136,171$4,153,092$2,667,211$9,803,357
97$16,581,435$4,257,967$2,657,936$10,584,125
98$18,171,008$4,364,875$2,645,244$11,439,527
99$19,919,514$4,473,817$2,628,923$12,377,090
100$21,843,062$4,584,791$2,608,749$13,405,106