Can I retire at age 75 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$201,493$199,698$197,947$196,238$194,569$188,265
2 years$99,749$97,891$96,091$94,345$92,652$86,360
3 years$65,839$63,973$62,177$60,448$58,782$52,700
4 years$48,887$47,027$45,249$43,549$41,924$36,098
5 years$38,719$36,870$35,115$33,450$31,870$26,315
6 years$31,942$30,107$28,378$26,750$25,218$19,939
7 years$27,103$25,284$23,582$21,993$20,509$15,506
8 years$23,476$21,673$20,000$18,449$17,014$12,283
9 years$20,656$18,870$17,226$15,715$14,328$9,864
10 years$18,402$16,633$15,018$13,546$12,208$8,004
11 years$16,558$14,807$13,221$11,789$10,500$6,547
12 years$15,023$13,290$11,734$10,341$9,099$5,390
13 years$13,725$12,011$10,483$9,129$7,934$4,459
14 years$12,614$10,917$9,419$8,104$6,955$3,705
15 years$11,651$9,973$8,504$7,227$6,124$3,088
16 years$10,810$9,150$7,710$6,471$5,412$2,581
17 years$10,069$8,427$7,016$5,814$4,799$2,162
18 years$9,410$7,787$6,405$5,240$4,267$1,815
19 years$8,822$7,217$5,863$4,735$3,803$1,525
20 years$8,293$6,706$5,381$4,288$3,397$1,284
21 years$7,815$6,247$4,950$3,892$3,040$1,082
22 years$7,381$5,831$4,562$3,539$2,725$912
23 years$6,985$5,454$4,212$3,223$2,446$770
24 years$6,623$5,110$3,895$2,939$2,199$650
25 years$6,291$4,795$3,608$2,684$1,978$550
26 years$5,984$4,507$3,346$2,454$1,782$465
27 years$5,701$4,241$3,107$2,247$1,607$393
28 years$5,438$3,997$2,889$2,058$1,450$332
29 years$5,194$3,770$2,688$1,888$1,309$281
30 years$4,967$3,561$2,504$1,732$1,183$238
31 years$4,754$3,366$2,334$1,591$1,069$202
32 years$4,556$3,185$2,178$1,462$967$171
33 years$4,370$3,016$2,033$1,345$875$144
34 years$4,195$2,859$1,900$1,237$793$122
35 years$4,030$2,711$1,776$1,139$718$104
36 years$3,875$2,573$1,662$1,049$650$88
37 years$3,729$2,444$1,555$966$590$74
38 years$3,591$2,323$1,457$891$534$63
39 years$3,460$2,209$1,365$821$485$53
40 years$3,336$2,102$1,279$758$440$45
41 years$3,218$2,000$1,199$699$399$38
42 years$3,106$1,905$1,125$645$362$32
43 years$3,000$1,815$1,056$595$328$28
44 years$2,899$1,730$991$550$298$23
45 years$2,803$1,650$930$508$271$20
46 years$2,711$1,574$874$469$246$17
47 years$2,623$1,502$821$433$223$14
48 years$2,539$1,434$772$400$203$12
49 years$2,459$1,369$725$370$184$10
50 years$2,382$1,308$682$342$167$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,440,000, adding $2,394 every year, while hoping to spend $47,835 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: 68/12/20 Blend
74$2,440,000$2,440,000$2,440,000$2,440,000
75$2,691,349$2,562,029$2,524,209$2,860,850
76$2,914,971$2,636,673$2,557,874$3,049,150
77$3,159,799$2,713,370$2,591,064$3,249,261
78$3,427,945$2,792,173$2,623,711$3,467,002
79$3,721,737$2,873,130$2,655,747$3,704,110
80$4,043,735$2,956,295$2,687,096$3,962,496
81$4,396,763$3,041,720$2,717,680$4,244,265
82$4,783,927$3,129,459$2,747,417$4,551,735
83$5,208,651$3,219,566$2,776,219$4,887,460
84$5,674,705$3,312,096$2,803,994$5,254,254
85$6,186,242$3,407,105$2,830,644$5,655,216
86$6,747,836$3,504,651$2,856,068$6,093,760
87$7,364,526$3,604,790$2,880,157$6,573,647
88$8,041,864$3,707,581$2,902,799$7,099,021
89$8,785,964$3,813,082$2,923,872$7,674,446
90$9,603,563$3,921,354$2,943,253$8,304,954
91$10,502,082$4,032,455$2,960,807$8,996,085
92$11,489,697$4,146,449$2,976,397$9,753,945
93$12,575,415$4,263,394$2,989,876$10,585,262
94$13,769,161$4,383,353$3,001,090$11,497,449
95$15,081,867$4,506,389$3,009,878$12,498,672
96$16,525,578$4,632,563$3,016,070$13,597,931
97$18,113,568$4,761,939$3,019,489$14,805,143
98$19,860,457$4,894,579$3,019,947$16,131,235
99$21,782,356$5,030,547$3,017,248$17,588,248
100$23,897,018$5,169,905$3,011,187$19,189,449