Can I retire at age 75 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$202,319$200,517$198,758$197,042$195,366$192,368
2 years$100,158$98,292$96,485$94,732$93,032$90,018
3 years$66,109$64,235$62,432$60,696$59,023$56,088
4 years$49,087$47,220$45,434$43,728$42,096$39,262
5 years$38,877$37,021$35,259$33,587$32,001$29,276
6 years$32,073$30,230$28,495$26,860$25,321$22,709
7 years$27,214$25,387$23,679$22,083$20,593$18,094
8 years$23,572$21,762$20,082$18,525$17,084$14,698
9 years$20,741$18,947$17,296$15,779$14,387$12,113
10 years$18,477$16,701$15,079$13,602$12,258$10,094
11 years$16,626$14,868$13,276$11,838$10,543$8,486
12 years$15,085$13,345$11,782$10,383$9,136$7,185
13 years$13,782$12,060$10,526$9,167$7,967$6,118
14 years$12,666$10,962$9,458$8,137$6,984$5,235
15 years$11,699$10,014$8,539$7,257$6,149$4,496
16 years$10,854$9,188$7,742$6,498$5,434$3,875
17 years$10,110$8,462$7,045$5,838$4,819$3,349
18 years$9,449$7,819$6,431$5,261$4,284$2,901
19 years$8,858$7,246$5,887$4,754$3,819$2,518
20 years$8,327$6,734$5,403$4,306$3,411$2,189
21 years$7,847$6,272$4,970$3,908$3,052$1,906
22 years$7,411$5,855$4,580$3,553$2,736$1,662
23 years$7,014$5,476$4,229$3,236$2,456$1,451
24 years$6,650$5,131$3,911$2,951$2,208$1,268
25 years$6,316$4,815$3,623$2,695$1,987$1,108
26 years$6,009$4,525$3,360$2,464$1,789$970
27 years$5,724$4,259$3,120$2,256$1,613$849
28 years$5,461$4,013$2,900$2,067$1,456$744
29 years$5,215$3,786$2,699$1,895$1,314$652
30 years$4,987$3,575$2,514$1,739$1,188$572
31 years$4,774$3,380$2,344$1,597$1,074$502
32 years$4,575$3,198$2,187$1,468$971$440
33 years$4,388$3,029$2,042$1,350$879$386
34 years$4,212$2,870$1,908$1,242$796$339
35 years$4,047$2,722$1,784$1,143$721$298
36 years$3,891$2,584$1,669$1,053$653$262
37 years$3,744$2,454$1,562$970$592$230
38 years$3,605$2,332$1,462$894$537$202
39 years$3,474$2,218$1,370$825$487$177
40 years$3,350$2,110$1,284$761$441$156
41 years$3,231$2,009$1,204$702$400$137
42 years$3,119$1,913$1,130$648$363$120
43 years$3,013$1,823$1,060$598$330$106
44 years$2,911$1,737$995$552$299$93
45 years$2,814$1,657$934$510$272$82
46 years$2,722$1,580$877$471$247$72
47 years$2,634$1,508$824$435$224$63
48 years$2,550$1,440$775$402$203$56
49 years$2,469$1,375$728$372$185$49
50 years$2,392$1,313$685$343$168$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,450,000, adding $6,084 every year, while hoping to spend $45,747 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: 39/47/14 Blend
74$2,450,000$2,450,000$2,450,000$2,450,000
75$2,706,176$2,576,326$2,538,351$2,800,116
76$2,933,531$2,653,891$2,574,711$2,945,041
77$3,182,544$2,733,724$2,610,756$3,096,741
78$3,455,374$2,815,887$2,646,427$3,259,775
79$3,754,401$2,900,445$2,681,662$3,435,189
80$4,082,247$2,987,464$2,716,394$3,624,132
81$4,441,797$3,077,010$2,750,554$3,827,868
82$4,836,231$3,169,154$2,784,068$4,047,788
83$5,269,050$3,263,966$2,816,858$4,285,419
84$5,744,112$3,361,519$2,848,842$4,542,444
85$6,265,665$3,461,888$2,879,931$4,820,712
86$6,838,389$3,565,147$2,910,036$5,122,260
87$7,467,441$3,671,375$2,939,058$5,449,328
88$8,158,499$3,780,652$2,966,896$5,804,381
89$8,917,821$3,893,058$2,993,441$6,190,134
90$9,752,299$4,008,678$3,018,582$6,609,572
91$10,669,526$4,127,597$3,042,198$7,065,985
92$11,677,870$4,249,901$3,064,163$7,562,994
93$12,786,546$4,375,679$3,084,346$8,104,583
94$14,005,709$4,505,023$3,102,607$8,695,143
95$15,346,548$4,638,026$3,118,801$9,339,507
96$16,821,388$4,774,781$3,132,773$10,042,997
97$18,443,811$4,915,387$3,144,362$10,811,473
98$20,228,780$5,059,941$3,153,399$11,651,393
99$22,192,782$5,208,545$3,159,704$12,569,866
100$24,353,984$5,361,302$3,163,093$13,574,722