Can I retire at age 75 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$213,054$211,156$209,305$207,497$205,733$197,726
2 years$105,472$103,508$101,604$99,758$97,968$89,998
3 years$69,616$67,644$65,745$63,916$62,155$54,473
4 years$51,692$49,725$47,845$46,048$44,329$36,994
5 years$40,940$38,985$37,130$35,369$33,699$26,728
6 years$33,775$31,834$30,006$28,285$26,664$20,063
7 years$28,658$26,734$24,936$23,255$21,685$15,451
8 years$24,823$22,916$21,147$19,508$17,990$12,117
9 years$21,841$19,953$18,214$16,616$15,150$9,630
10 years$19,457$17,587$15,880$14,323$12,909$7,731
11 years$17,508$15,657$13,980$12,466$11,102$6,254
12 years$15,885$14,053$12,407$10,934$9,621$5,090
13 years$14,513$12,700$11,085$9,653$8,389$4,163
14 years$13,338$11,544$9,960$8,569$7,354$3,418
15 years$12,320$10,545$8,992$7,642$6,475$2,815
16 years$11,430$9,675$8,153$6,843$5,723$2,324
17 years$10,646$8,910$7,419$6,148$5,074$1,922
18 years$9,950$8,234$6,772$5,541$4,512$1,593
19 years$9,328$7,631$6,200$5,006$4,021$1,322
20 years$8,769$7,091$5,690$4,534$3,592$1,098
21 years$8,263$6,605$5,234$4,115$3,214$913
22 years$7,804$6,166$4,824$3,742$2,881$760
23 years$7,386$5,766$4,454$3,408$2,586$633
24 years$7,003$5,403$4,119$3,108$2,325$527
25 years$6,652$5,070$3,815$2,838$2,092$440
26 years$6,328$4,765$3,538$2,595$1,884$367
27 years$6,028$4,485$3,285$2,375$1,699$306
28 years$5,750$4,226$3,054$2,176$1,533$255
29 years$5,492$3,987$2,842$1,996$1,384$213
30 years$5,252$3,765$2,647$1,832$1,251$178
31 years$5,027$3,559$2,468$1,682$1,131$148
32 years$4,817$3,368$2,303$1,546$1,023$124
33 years$4,620$3,189$2,150$1,422$926$103
34 years$4,436$3,023$2,009$1,308$838$86
35 years$4,262$2,867$1,878$1,204$759$72
36 years$4,098$2,721$1,757$1,109$688$60
37 years$3,943$2,584$1,645$1,022$623$50
38 years$3,797$2,456$1,540$942$565$42
39 years$3,658$2,336$1,443$868$512$35
40 years$3,527$2,222$1,352$801$465$29
41 years$3,403$2,115$1,268$739$422$24
42 years$3,285$2,014$1,190$682$383$20
43 years$3,172$1,919$1,116$630$347$17
44 years$3,065$1,830$1,048$581$315$14
45 years$2,963$1,745$984$537$286$12
46 years$2,866$1,664$924$496$260$10
47 years$2,774$1,588$868$458$236$8
48 years$2,685$1,516$816$423$214$7
49 years$2,600$1,448$767$391$195$6
50 years$2,519$1,383$721$362$177$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,580,000, adding $5,022 every year, while hoping to spend $27,571 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: 67/19/14 Blend
74$2,580,000$2,580,000$2,580,000$2,580,000
75$2,848,340$2,711,600$2,671,610$3,029,621
76$3,109,536$2,815,133$2,731,774$3,254,655
77$3,396,449$2,922,815$2,793,029$3,496,895
78$3,711,674$3,034,821$2,855,383$3,761,063
79$4,058,069$3,151,331$2,918,842$4,049,305
80$4,438,782$3,272,537$2,983,414$4,363,984
81$4,857,282$3,398,635$3,049,102$4,707,703
82$5,317,389$3,529,833$3,115,912$5,083,323
83$5,823,315$3,666,346$3,183,847$5,493,998
84$6,379,697$3,808,401$3,252,909$5,943,197
85$6,991,645$3,956,232$3,323,101$6,434,741
86$7,664,791$4,110,085$3,394,423$6,972,836
87$8,405,338$4,270,217$3,466,874$7,562,114
88$9,220,120$4,436,896$3,540,452$8,207,674
89$10,116,670$4,610,401$3,615,155$8,915,133
90$11,103,284$4,791,025$3,690,977$9,690,674
91$12,189,107$4,979,074$3,767,912$10,541,110
92$13,384,213$5,174,865$3,845,954$11,473,940
93$14,699,701$5,378,732$3,925,092$12,497,426
94$16,147,804$5,591,023$4,005,316$13,620,666
95$17,741,998$5,812,101$4,086,612$14,853,683
96$19,497,134$6,042,346$4,168,966$16,207,513
97$21,429,576$6,282,155$4,252,360$17,694,316
98$23,557,354$6,531,943$4,336,776$19,327,485
99$25,900,338$6,792,142$4,422,192$21,121,774
100$28,480,420$7,063,204$4,508,583$23,093,432