Can I retire at age 75 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$194,887$193,151$191,457$189,804$188,190$186,457
2 years$96,479$94,682$92,940$91,252$89,614$87,869
3 years$63,680$61,876$60,139$58,466$56,855$55,150
4 years$47,284$45,485$43,765$42,121$40,549$38,899
5 years$37,449$35,661$33,964$32,353$30,825$29,234
6 years$30,895$29,120$27,448$25,873$24,391$22,861
7 years$26,215$24,455$22,809$21,272$19,836$18,368
8 years$22,706$20,962$19,344$17,844$16,456$15,049
9 years$19,979$18,251$16,661$15,199$13,858$12,513
10 years$17,798$16,088$14,525$13,102$11,808$10,523
11 years$16,015$14,322$12,788$11,403$10,155$8,929
12 years$14,531$12,855$11,349$10,002$8,800$7,633
13 years$13,275$11,617$10,140$8,830$7,674$6,563
14 years$12,200$10,559$9,110$7,838$6,727$5,672
15 years$11,269$9,646$8,226$6,990$5,923$4,922
16 years$10,456$8,850$7,458$6,259$5,235$4,286
17 years$9,738$8,151$6,786$5,624$4,642$3,743
18 years$9,102$7,532$6,195$5,068$4,127$3,277
19 years$8,532$6,980$5,671$4,580$3,679$2,876
20 years$8,021$6,486$5,205$4,148$3,286$2,528
21 years$7,559$6,042$4,787$3,764$2,940$2,227
22 years$7,139$5,640$4,412$3,423$2,636$1,964
23 years$6,756$5,275$4,074$3,117$2,366$1,734
24 years$6,406$4,942$3,768$2,843$2,127$1,533
25 years$6,084$4,638$3,490$2,596$1,914$1,356
26 years$5,788$4,359$3,236$2,374$1,724$1,201
27 years$5,514$4,102$3,005$2,173$1,554$1,064
28 years$5,260$3,866$2,794$1,991$1,402$944
29 years$5,024$3,647$2,600$1,826$1,266$837
30 years$4,804$3,444$2,422$1,675$1,144$743
31 years$4,599$3,256$2,258$1,539$1,034$660
32 years$4,407$3,080$2,106$1,414$936$586
33 years$4,226$2,917$1,967$1,300$847$521
34 years$4,057$2,765$1,838$1,197$767$463
35 years$3,898$2,622$1,718$1,101$694$412
36 years$3,748$2,489$1,607$1,014$629$367
37 years$3,607$2,364$1,504$935$570$326
38 years$3,473$2,247$1,409$862$517$290
39 years$3,346$2,136$1,320$794$469$258
40 years$3,226$2,033$1,237$733$425$230
41 years$3,113$1,935$1,160$676$386$205
42 years$3,005$1,843$1,088$624$350$182
43 years$2,902$1,756$1,021$576$318$162
44 years$2,804$1,674$958$532$288$145
45 years$2,711$1,596$900$491$262$129
46 years$2,622$1,522$845$454$238$115
47 years$2,537$1,453$794$419$216$102
48 years$2,456$1,387$746$387$196$91
49 years$2,378$1,324$701$358$178$81
50 years$2,304$1,265$659$331$162$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,360,000, adding $2,298 every year, while hoping to spend $57,132 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$2,360,000$2,360,000$2,360,000$2,360,000
75$2,603,090$2,478,010$2,441,430$2,756,174
76$2,807,818$2,538,645$2,462,430$2,919,513
77$3,031,512$2,600,336$2,482,219$3,090,802
78$3,276,048$2,663,074$2,500,695$3,276,169
79$3,543,490$2,726,849$2,517,753$3,476,968
80$3,836,109$2,791,648$2,533,281$3,694,690
81$4,156,408$2,857,454$2,547,161$3,930,976
82$4,507,141$2,924,249$2,559,271$4,187,633
83$4,891,342$2,992,010$2,569,479$4,466,651
84$5,312,353$3,060,713$2,577,651$4,770,224
85$5,773,853$3,130,327$2,583,642$5,100,764
86$6,279,894$3,200,822$2,587,302$5,460,930
87$6,834,941$3,272,159$2,588,474$5,853,651
88$7,443,909$3,344,299$2,586,992$6,282,154
89$8,112,213$3,417,196$2,582,682$6,749,991
90$8,845,819$3,490,799$2,575,362$7,261,077
91$9,651,297$3,565,052$2,564,841$7,819,726
92$10,535,884$3,639,895$2,550,919$8,430,689
93$11,507,554$3,715,260$2,533,384$9,099,200
94$12,575,091$3,791,073$2,512,019$9,831,029
95$13,748,170$3,867,255$2,486,591$10,632,531
96$15,037,451$3,943,718$2,456,859$11,510,707
97$16,454,678$4,020,368$2,422,571$12,473,273
98$18,012,789$4,097,100$2,383,462$13,528,732
99$19,726,040$4,173,804$2,339,254$14,686,452
100$21,610,135$4,250,359$2,289,657$15,956,756