Can I retire at age 75 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$193,235$191,514$189,834$188,195$186,595$184,111
2 years$95,661$93,879$92,153$90,479$88,855$86,356
3 years$63,140$61,351$59,629$57,970$56,373$53,937
4 years$46,883$45,100$43,395$41,764$40,206$37,852
5 years$37,132$35,359$33,676$32,079$30,564$28,298
6 years$30,633$28,873$27,215$25,654$24,184$22,010
7 years$25,992$24,247$22,616$21,092$19,668$17,586
8 years$22,514$20,785$19,180$17,693$16,317$14,327
9 years$19,810$18,097$16,520$15,071$13,741$11,842
10 years$17,647$15,951$14,402$12,991$11,708$9,899
11 years$15,880$14,201$12,680$11,306$10,069$8,348
12 years$14,408$12,746$11,253$9,917$8,726$7,091
13 years$13,163$11,518$10,054$8,755$7,609$6,058
14 years$12,097$10,470$9,033$7,772$6,670$5,200
15 years$11,174$9,564$8,156$6,931$5,873$4,482
16 years$10,367$8,775$7,394$6,206$5,190$3,876
17 years$9,656$8,082$6,729$5,576$4,602$3,361
18 years$9,024$7,468$6,142$5,025$4,092$2,922
19 years$8,460$6,921$5,623$4,541$3,647$2,546
20 years$7,953$6,431$5,161$4,112$3,258$2,222
21 years$7,495$5,991$4,747$3,732$2,915$1,942
22 years$7,078$5,592$4,375$3,394$2,613$1,700
23 years$6,699$5,230$4,039$3,091$2,346$1,489
24 years$6,352$4,900$3,736$2,819$2,108$1,306
25 years$6,033$4,599$3,460$2,574$1,897$1,147
26 years$5,739$4,322$3,209$2,354$1,709$1,008
27 years$5,467$4,067$2,980$2,154$1,541$886
28 years$5,215$3,833$2,770$1,974$1,390$779
29 years$4,981$3,616$2,578$1,810$1,255$686
30 years$4,763$3,415$2,401$1,661$1,134$604
31 years$4,560$3,228$2,239$1,526$1,026$532
32 years$4,369$3,054$2,089$1,402$928$469
33 years$4,191$2,893$1,950$1,289$840$413
34 years$4,023$2,741$1,822$1,186$760$364
35 years$3,865$2,600$1,704$1,092$688$321
36 years$3,716$2,468$1,594$1,006$624$283
37 years$3,576$2,344$1,492$927$565$250
38 years$3,444$2,228$1,397$854$513$221
39 years$3,318$2,118$1,309$788$465$195
40 years$3,199$2,015$1,227$726$422$172
41 years$3,086$1,918$1,150$670$382$152
42 years$2,979$1,827$1,079$619$347$134
43 years$2,877$1,741$1,012$571$315$118
44 years$2,780$1,659$950$527$286$104
45 years$2,688$1,582$892$487$260$92
46 years$2,600$1,510$838$450$236$81
47 years$2,516$1,441$787$416$214$72
48 years$2,435$1,375$740$384$194$63
49 years$2,358$1,313$695$355$177$56
50 years$2,285$1,254$654$328$160$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,340,000, adding $2,365 every year, while hoping to spend $49,232 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: 32/48/20 Blend
74$2,340,000$2,340,000$2,340,000$2,340,000
75$2,581,119$2,457,099$2,420,829$2,647,637
76$2,792,011$2,525,115$2,449,545$2,765,634
77$3,022,764$2,594,813$2,477,572$2,887,998
78$3,275,351$2,666,224$2,504,836$3,018,770
79$3,551,947$2,739,379$2,531,258$3,158,716
80$3,854,944$2,814,308$2,556,754$3,308,676
81$4,186,980$2,891,040$2,581,236$3,469,579
82$4,550,956$2,969,605$2,604,612$3,642,444
83$4,950,070$3,050,032$2,626,783$3,828,392
84$5,387,843$3,132,350$2,647,646$4,028,658
85$5,868,155$3,216,587$2,667,094$4,244,603
86$6,395,277$3,302,770$2,685,012$4,477,723
87$6,973,916$3,390,926$2,701,281$4,729,667
88$7,609,254$3,481,081$2,715,773$5,002,249
89$8,307,004$3,573,259$2,728,357$5,297,468
90$9,073,454$3,667,485$2,738,893$5,617,527
91$9,915,535$3,763,780$2,747,234$5,964,850
92$10,840,881$3,862,167$2,753,228$6,342,107
93$11,857,902$3,962,664$2,756,712$6,752,242
94$12,975,864$4,065,290$2,757,518$7,198,497
95$14,204,974$4,170,061$2,755,466$7,684,442
96$15,556,478$4,276,992$2,750,372$8,214,012
97$17,042,769$4,386,093$2,742,039$8,791,543
98$18,677,495$4,497,376$2,730,261$9,421,810
99$20,475,700$4,610,848$2,714,825$10,110,079
100$22,453,954$4,726,512$2,695,504$10,862,147