Can I retire at age 75 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$204,796$202,972$201,192$199,455$197,759$193,056
2 years$101,384$99,496$97,666$95,892$94,171$89,461
3 years$66,918$65,022$63,196$61,439$59,746$55,175
4 years$49,688$47,798$45,991$44,263$42,611$38,215
5 years$39,353$37,474$35,691$33,998$32,392$28,183
6 years$32,465$30,600$28,843$27,189$25,631$21,613
7 years$27,548$25,698$23,969$22,353$20,845$17,019
8 years$23,861$22,028$20,328$18,752$17,293$13,657
9 years$20,995$19,179$17,508$15,972$14,563$11,115
10 years$18,703$16,906$15,264$13,768$12,408$9,144
11 years$16,830$15,050$13,438$11,983$10,672$7,586
12 years$15,270$13,508$11,926$10,510$9,248$6,336
13 years$13,950$12,207$10,655$9,279$8,064$5,321
14 years$12,821$11,096$9,574$8,237$7,069$4,488
15 years$11,842$10,137$8,644$7,346$6,224$3,799
16 years$10,987$9,300$7,837$6,577$5,501$3,226
17 years$10,234$8,565$7,131$5,910$4,878$2,746
18 years$9,564$7,915$6,510$5,326$4,337$2,343
19 years$8,966$7,335$5,959$4,812$3,866$2,002
20 years$8,429$6,816$5,469$4,359$3,453$1,714
21 years$7,943$6,349$5,031$3,956$3,090$1,469
22 years$7,502$5,927$4,637$3,597$2,770$1,260
23 years$7,100$5,543$4,281$3,275$2,486$1,082
24 years$6,732$5,193$3,959$2,987$2,235$930
25 years$6,394$4,874$3,667$2,728$2,011$800
26 years$6,082$4,581$3,401$2,495$1,811$688
27 years$5,794$4,311$3,158$2,283$1,633$592
28 years$5,527$4,062$2,936$2,092$1,474$510
29 years$5,279$3,832$2,732$1,918$1,331$440
30 years$5,048$3,619$2,545$1,761$1,202$379
31 years$4,832$3,421$2,373$1,617$1,087$327
32 years$4,631$3,237$2,214$1,486$983$282
33 years$4,441$3,066$2,067$1,367$890$243
34 years$4,264$2,905$1,931$1,257$806$210
35 years$4,096$2,756$1,805$1,157$730$181
36 years$3,939$2,616$1,689$1,066$661$156
37 years$3,790$2,484$1,581$982$599$135
38 years$3,650$2,361$1,480$905$543$116
39 years$3,517$2,245$1,387$835$493$100
40 years$3,391$2,136$1,300$770$447$87
41 years$3,271$2,033$1,219$710$405$75
42 years$3,157$1,936$1,143$656$368$64
43 years$3,049$1,845$1,073$605$334$56
44 years$2,947$1,759$1,007$559$303$48
45 years$2,849$1,677$946$516$275$41
46 years$2,755$1,600$888$477$250$36
47 years$2,666$1,527$834$440$227$31
48 years$2,581$1,457$784$407$206$27
49 years$2,499$1,392$737$376$187$23
50 years$2,421$1,330$693$348$170$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,480,000, adding $2,305 every year, while hoping to spend $24,484 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: 32/50/18 Blend
74$2,480,000$2,480,000$2,480,000$2,480,000
75$2,735,338$2,603,898$2,565,458$2,807,436
76$2,988,291$2,705,438$2,625,350$2,962,833
77$3,266,226$2,811,133$2,686,427$3,127,695
78$3,571,663$2,921,161$2,748,705$3,304,752
79$3,907,381$3,035,706$2,812,196$3,495,086
80$4,276,443$3,154,965$2,876,913$3,699,879
81$4,682,219$3,279,137$2,942,869$3,920,429
82$5,128,427$3,408,436$3,010,076$4,158,160
83$5,619,159$3,543,082$3,078,546$4,414,634
84$6,158,927$3,683,307$3,148,291$4,691,564
85$6,752,699$3,829,350$3,219,320$4,990,831
86$7,405,951$3,981,465$3,291,644$5,314,501
87$8,124,715$4,139,914$3,365,272$5,664,841
88$8,915,640$4,304,974$3,440,212$6,044,340
89$9,786,048$4,476,930$3,516,472$6,455,734
90$10,744,010$4,656,085$3,594,059$6,902,027
91$11,798,417$4,842,751$3,672,978$7,386,521
92$12,959,067$5,037,257$3,753,234$7,912,844
93$14,236,755$5,239,946$3,834,830$8,484,983
94$15,643,377$5,451,177$3,917,770$9,107,322
95$17,192,041$5,671,324$4,002,055$9,784,679
96$18,897,189$5,900,778$4,087,684$10,522,355
97$20,774,736$6,139,950$4,174,655$11,326,174
98$22,842,219$6,389,268$4,262,966$12,202,547
99$25,118,962$6,649,179$4,352,612$13,158,520
100$27,626,258$6,920,150$4,443,586$14,201,847