Can I retire at age 75 with 2,370,000?

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 $2,370,000?

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$195,712$193,969$192,268$190,608$188,987$186,471
2 years$96,887$95,083$93,334$91,639$89,994$87,463
3 years$63,950$62,138$60,393$58,714$57,096$54,629
4 years$47,484$45,678$43,951$42,300$40,721$38,337
5 years$37,608$35,812$34,108$32,490$30,956$28,661
6 years$31,025$29,243$27,564$25,983$24,494$22,292
7 years$26,326$24,558$22,906$21,362$19,920$17,812
8 years$22,802$21,051$19,426$17,920$16,526$14,510
9 years$20,064$18,329$16,732$15,264$13,917$11,994
10 years$17,874$16,156$14,587$13,158$11,858$10,026
11 years$16,083$14,383$12,842$11,451$10,198$8,455
12 years$14,592$12,909$11,397$10,044$8,838$7,181
13 years$13,332$11,666$10,183$8,867$7,707$6,135
14 years$12,252$10,604$9,149$7,872$6,756$5,267
15 years$11,317$9,687$8,260$7,020$5,948$4,539
16 years$10,500$8,888$7,489$6,286$5,257$3,926
17 years$9,780$8,185$6,815$5,648$4,661$3,405
18 years$9,140$7,564$6,221$5,090$4,145$2,960
19 years$8,569$7,010$5,695$4,599$3,694$2,579
20 years$8,055$6,514$5,227$4,165$3,300$2,250
21 years$7,591$6,067$4,808$3,780$2,953$1,967
22 years$7,169$5,664$4,431$3,437$2,647$1,722
23 years$6,785$5,297$4,091$3,130$2,376$1,509
24 years$6,433$4,963$3,784$2,855$2,136$1,323
25 years$6,110$4,658$3,504$2,607$1,922$1,162
26 years$5,813$4,377$3,250$2,384$1,731$1,021
27 years$5,537$4,120$3,018$2,182$1,561$897
28 years$5,282$3,882$2,806$1,999$1,408$789
29 years$5,045$3,662$2,611$1,833$1,272$695
30 years$4,824$3,458$2,432$1,683$1,149$612
31 years$4,618$3,269$2,267$1,545$1,039$539
32 years$4,425$3,094$2,115$1,420$940$475
33 years$4,244$2,930$1,975$1,306$850$418
34 years$4,074$2,777$1,845$1,202$770$369
35 years$3,915$2,634$1,725$1,106$697$325
36 years$3,764$2,500$1,614$1,019$632$287
37 years$3,622$2,374$1,511$939$573$253
38 years$3,488$2,256$1,415$865$519$223
39 years$3,361$2,145$1,325$798$471$197
40 years$3,240$2,041$1,242$736$427$174
41 years$3,126$1,943$1,165$679$387$154
42 years$3,017$1,851$1,093$626$352$136
43 years$2,914$1,763$1,025$578$319$120
44 years$2,816$1,681$963$534$290$106
45 years$2,722$1,603$904$493$263$93
46 years$2,633$1,529$849$456$239$82
47 years$2,548$1,459$797$421$217$73
48 years$2,466$1,393$749$389$197$64
49 years$2,388$1,330$704$359$179$57
50 years$2,314$1,271$662$332$162$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,370,000, adding $3,075 every year, while hoping to spend $34,241 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: 49/36/15 Blend
74$2,370,000$2,370,000$2,370,000$2,370,000
75$2,614,912$2,489,302$2,452,567$2,732,039
76$2,845,201$2,574,845$2,498,296$2,898,661
77$3,097,831$2,663,433$2,544,409$3,075,763
78$3,375,047$2,755,178$2,590,883$3,267,391
79$3,679,317$2,850,197$2,637,693$3,474,919
80$4,013,363$2,948,613$2,684,812$3,699,859
81$4,380,183$3,050,551$2,732,209$3,943,873
82$4,783,078$3,156,145$2,779,855$4,208,788
83$5,225,686$3,265,530$2,827,715$4,496,616
84$5,712,015$3,378,850$2,875,751$4,809,568
85$6,246,478$3,496,251$2,923,927$5,150,078
86$6,833,939$3,617,888$2,972,199$5,520,824
87$7,479,756$3,743,920$3,020,523$5,924,752
88$8,189,833$3,874,513$3,068,852$6,365,106
89$8,970,672$4,009,841$3,117,135$6,845,455
90$9,829,440$4,150,082$3,165,318$7,369,727
91$10,774,030$4,295,423$3,213,343$7,942,247
92$11,813,141$4,446,059$3,261,150$8,567,776
93$12,956,356$4,602,190$3,308,673$9,251,555
94$14,214,235$4,764,028$3,355,844$9,999,355
95$15,598,412$4,931,791$3,402,590$10,817,529
96$17,121,706$5,105,705$3,448,833$11,713,074
97$18,798,242$5,286,006$3,494,491$12,693,692
98$20,643,584$5,472,942$3,539,478$13,767,868
99$22,674,880$5,666,767$3,583,701$14,944,944
100$24,911,027$5,867,747$3,627,064$16,235,209