Can I retire at age 75 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$209,751$207,882$206,060$204,280$202,543$200,261
2 years$103,837$101,903$100,029$98,212$96,449$94,152
3 years$68,537$66,595$64,725$62,925$61,191$58,950
4 years$50,891$48,954$47,103$45,334$43,642$41,474
5 years$40,305$38,381$36,554$34,821$33,176$31,088
6 years$33,251$31,341$29,541$27,847$26,251$24,245
7 years$28,214$26,320$24,549$22,894$21,349$19,426
8 years$24,438$22,561$20,819$19,205$17,711$15,871
9 years$21,503$19,643$17,932$16,359$14,915$13,157
10 years$19,156$17,315$15,633$14,101$12,709$11,031
11 years$17,237$15,414$13,763$12,272$10,930$9,332
12 years$15,639$13,835$12,215$10,765$9,472$7,952
13 years$14,288$12,503$10,913$9,503$8,259$6,816
14 years$13,131$11,365$9,805$8,436$7,240$5,870
15 years$12,129$10,382$8,853$7,524$6,375$5,077
16 years$11,253$9,525$8,026$6,737$5,634$4,406
17 years$10,481$8,772$7,304$6,053$4,996$3,834
18 years$9,796$8,106$6,667$5,455$4,442$3,345
19 years$9,183$7,513$6,104$4,929$3,959$2,925
20 years$8,633$6,981$5,602$4,464$3,536$2,562
21 years$8,135$6,503$5,152$4,051$3,165$2,248
22 years$7,683$6,070$4,749$3,684$2,837$1,975
23 years$7,272$5,677$4,385$3,355$2,546$1,737
24 years$6,895$5,319$4,055$3,060$2,289$1,530
25 years$6,549$4,992$3,756$2,794$2,059$1,348
26 years$6,229$4,691$3,483$2,555$1,855$1,189
27 years$5,934$4,415$3,235$2,339$1,673$1,050
28 years$5,661$4,160$3,007$2,143$1,509$927
29 years$5,407$3,925$2,798$1,965$1,363$819
30 years$5,170$3,707$2,606$1,803$1,231$724
31 years$4,949$3,504$2,430$1,656$1,113$641
32 years$4,743$3,315$2,267$1,522$1,007$567
33 years$4,549$3,140$2,117$1,400$911$502
34 years$4,367$2,976$1,978$1,288$825$444
35 years$4,195$2,822$1,849$1,185$747$393
36 years$4,034$2,679$1,730$1,092$677$348
37 years$3,882$2,544$1,619$1,006$614$309
38 years$3,738$2,418$1,516$927$556$273
39 years$3,602$2,299$1,421$855$505$242
40 years$3,473$2,188$1,331$789$458$215
41 years$3,350$2,082$1,248$728$415$190
42 years$3,234$1,983$1,171$671$377$169
43 years$3,123$1,890$1,099$620$342$150
44 years$3,018$1,801$1,032$572$310$133
45 years$2,918$1,718$969$529$282$118
46 years$2,822$1,639$910$488$256$104
47 years$2,731$1,564$855$451$232$93
48 years$2,643$1,493$803$417$211$82
49 years$2,560$1,425$755$385$192$73
50 years$2,480$1,362$710$356$174$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,540,000, adding $4,734 every year, while hoping to spend $22,412 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: 46/38/16 Blend
74$2,540,000$2,540,000$2,540,000$2,540,000
75$2,803,963$2,669,343$2,629,973$2,919,985
76$3,066,121$2,776,295$2,694,231$3,108,173
77$3,354,268$2,887,736$2,759,890$3,309,574
78$3,671,031$3,003,863$2,826,975$3,527,586
79$4,019,305$3,124,881$2,895,507$3,763,763
80$4,402,279$3,251,004$2,965,511$4,019,809
81$4,823,465$3,382,457$3,037,009$4,297,600
82$5,286,735$3,519,474$3,110,025$4,599,195
83$5,796,354$3,662,300$3,184,583$4,926,857
84$6,357,020$3,811,192$3,260,705$5,283,075
85$6,973,912$3,966,416$3,338,415$5,670,584
86$7,652,734$4,128,253$3,417,735$6,092,391
87$8,399,772$4,296,996$3,498,688$6,551,802
88$9,221,951$4,472,951$3,581,296$7,052,455
89$10,126,902$4,656,438$3,665,581$7,598,349
90$11,123,034$4,847,792$3,751,566$8,193,884
91$12,219,612$5,047,362$3,839,272$8,843,899
92$13,426,845$5,255,515$3,928,720$9,553,720
93$14,755,982$5,472,634$4,019,931$10,329,204
94$16,219,418$5,699,119$4,112,925$11,176,798
95$17,830,812$5,935,389$4,207,721$12,103,596
96$19,605,214$6,181,882$4,304,339$13,117,406
97$21,559,208$6,439,057$4,402,797$14,226,820
98$23,711,069$6,707,392$4,503,112$15,441,296
99$26,080,934$6,987,390$4,605,302$16,771,244
100$28,690,992$7,279,575$4,709,382$18,228,124