Can I retire at age 75 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$217,183$215,248$213,361$211,519$209,720$204,153
2 years$107,516$105,514$103,573$101,692$99,867$94,297
3 years$70,966$68,955$67,019$65,155$63,359$57,961
4 years$52,694$50,689$48,773$46,940$45,189$40,003
5 years$41,734$39,741$37,849$36,055$34,352$29,394
6 years$34,429$32,451$30,588$28,833$27,181$22,456
7 years$29,214$27,253$25,419$23,705$22,106$17,612
8 years$25,304$23,360$21,557$19,886$18,339$14,076
9 years$22,265$20,339$18,567$16,938$15,444$11,407
10 years$19,835$17,928$16,187$14,601$13,159$9,343
11 years$17,848$15,960$14,251$12,707$11,317$7,717
12 years$16,193$14,325$12,647$11,146$9,807$6,416
13 years$14,794$12,946$11,300$9,840$8,552$5,362
14 years$13,596$11,767$10,153$8,735$7,497$4,501
15 years$12,559$10,750$9,167$7,790$6,601$3,792
16 years$11,652$9,863$8,311$6,975$5,834$3,204
17 years$10,853$9,083$7,563$6,267$5,173$2,714
18 years$10,143$8,393$6,904$5,648$4,599$2,303
19 years$9,509$7,779$6,320$5,103$4,099$1,958
20 years$8,939$7,228$5,800$4,622$3,662$1,667
21 years$8,423$6,733$5,335$4,195$3,277$1,421
22 years$7,956$6,285$4,917$3,814$2,937$1,212
23 years$7,529$5,878$4,540$3,474$2,637$1,035
24 years$7,139$5,508$4,199$3,168$2,370$885
25 years$6,781$5,169$3,889$2,893$2,132$757
26 years$6,450$4,858$3,607$2,645$1,921$647
27 years$6,145$4,572$3,349$2,421$1,732$554
28 years$5,862$4,308$3,113$2,219$1,563$475
29 years$5,599$4,064$2,897$2,035$1,411$407
30 years$5,354$3,838$2,699$1,867$1,275$348
31 years$5,125$3,628$2,516$1,715$1,153$299
32 years$4,911$3,433$2,347$1,576$1,043$256
33 years$4,710$3,251$2,192$1,449$944$220
34 years$4,521$3,081$2,048$1,333$854$188
35 years$4,344$2,922$1,915$1,227$774$161
36 years$4,177$2,774$1,791$1,130$701$139
37 years$4,019$2,635$1,676$1,042$635$119
38 years$3,870$2,504$1,570$960$576$102
39 years$3,729$2,381$1,471$885$522$87
40 years$3,596$2,265$1,379$816$474$75
41 years$3,469$2,156$1,293$753$430$64
42 years$3,348$2,054$1,213$695$390$55
43 years$3,234$1,957$1,138$642$354$47
44 years$3,125$1,865$1,068$593$321$41
45 years$3,021$1,778$1,003$547$292$35
46 years$2,922$1,697$942$506$265$30
47 years$2,827$1,619$885$467$241$26
48 years$2,737$1,546$832$432$218$22
49 years$2,650$1,476$782$399$198$19
50 years$2,568$1,410$735$369$180$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,630,000, adding $4,140 every year, while hoping to spend $47,053 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: 58/27/15 Blend
74$2,630,000$2,630,000$2,630,000$2,630,000
75$2,902,530$2,763,140$2,722,375$3,059,491
76$3,148,524$2,848,470$2,763,511$3,251,472
77$3,418,033$2,936,404$2,804,448$3,455,105
78$3,713,405$3,027,020$2,845,129$3,675,992
79$4,037,226$3,120,399$2,885,495$3,915,801
80$4,392,347$3,216,622$2,925,483$4,176,367
81$4,781,904$3,315,774$2,965,024$4,459,708
82$5,209,355$3,417,944$3,004,049$4,768,047
83$5,678,507$3,523,220$3,042,482$5,103,832
84$6,193,552$3,631,696$3,080,243$5,469,758
85$6,759,111$3,743,466$3,117,248$5,868,790
86$7,380,272$3,858,627$3,153,408$6,304,196
87$8,062,641$3,977,282$3,188,628$6,779,572
88$8,812,394$4,099,532$3,222,810$7,298,879
89$9,636,333$4,225,484$3,255,850$7,866,481
90$10,541,954$4,355,248$3,287,636$8,487,181
91$11,537,514$4,488,935$3,318,052$9,166,271
92$12,632,110$4,626,662$3,346,976$9,909,580
93$13,835,765$4,768,548$3,374,279$10,723,527
94$15,159,520$4,914,714$3,399,825$11,615,184
95$16,615,542$5,065,286$3,423,470$12,592,341
96$18,217,236$5,220,394$3,445,065$13,663,578
97$19,979,370$5,380,169$3,464,450$14,838,349
98$21,918,217$5,544,749$3,481,461$16,127,068
99$24,051,706$5,714,273$3,495,921$17,541,207
100$26,399,593$5,888,885$3,507,647$19,093,404