Can I retire at age 75 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$223,789$221,796$219,851$217,953$216,099$209,602
2 years$110,787$108,723$106,724$104,785$102,904$96,413
3 years$73,124$71,052$69,057$67,137$65,287$59,005
4 years$54,297$52,231$50,256$48,368$46,563$40,539
5 years$43,003$40,950$39,001$37,151$35,397$29,647
6 years$35,476$33,438$31,518$29,710$28,008$22,537
7 years$30,102$28,081$26,192$24,426$22,778$17,586
8 years$26,074$24,071$22,213$20,491$18,897$13,981
9 years$22,942$20,958$19,132$17,454$15,914$11,268
10 years$20,438$18,474$16,680$15,045$13,559$9,178
11 years$18,391$16,446$14,684$13,094$11,661$7,537
12 years$16,686$14,761$13,032$11,485$10,106$6,229
13 years$15,244$13,340$11,643$10,140$8,812$5,175
14 years$14,010$12,125$10,462$9,001$7,725$4,317
15 years$12,941$11,077$9,445$8,027$6,801$3,614
16 years$12,006$10,163$8,564$7,187$6,011$3,034
17 years$11,183$9,359$7,793$6,458$5,330$2,552
18 years$10,451$8,649$7,114$5,820$4,739$2,152
19 years$9,798$8,015$6,512$5,259$4,224$1,817
20 years$9,210$7,448$5,977$4,763$3,773$1,536
21 years$8,680$6,938$5,497$4,322$3,376$1,301
22 years$8,198$6,476$5,067$3,930$3,026$1,102
23 years$7,758$6,057$4,678$3,579$2,717$934
24 years$7,356$5,675$4,326$3,264$2,442$793
25 years$6,987$5,326$4,007$2,981$2,197$673
26 years$6,646$5,005$3,716$2,726$1,979$572
27 years$6,332$4,711$3,451$2,495$1,784$486
28 years$6,040$4,439$3,208$2,286$1,610$413
29 years$5,769$4,187$2,985$2,096$1,454$351
30 years$5,516$3,955$2,781$1,924$1,314$299
31 years$5,281$3,738$2,593$1,767$1,188$254
32 years$5,060$3,537$2,419$1,624$1,074$216
33 years$4,853$3,350$2,259$1,493$972$184
34 years$4,659$3,175$2,110$1,374$880$157
35 years$4,476$3,011$1,973$1,265$797$133
36 years$4,304$2,858$1,846$1,165$722$114
37 years$4,142$2,715$1,727$1,073$655$97
38 years$3,988$2,580$1,618$989$594$82
39 years$3,843$2,453$1,516$912$538$70
40 years$3,705$2,334$1,421$841$488$60
41 years$3,574$2,222$1,332$776$443$51
42 years$3,450$2,116$1,250$716$402$43
43 years$3,332$2,016$1,172$661$365$37
44 years$3,220$1,922$1,101$611$331$31
45 years$3,113$1,833$1,033$564$301$27
46 years$3,011$1,748$971$521$273$23
47 years$2,913$1,668$912$481$248$19
48 years$2,820$1,593$857$445$225$17
49 years$2,731$1,521$805$411$204$14
50 years$2,646$1,453$757$380$186$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,710,000, adding $5,188 every year, while hoping to spend $24,386 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: 45/44/11 Blend
74$2,710,000$2,710,000$2,710,000$2,710,000
75$2,991,771$2,848,141$2,806,136$3,116,842
76$3,270,986$2,961,754$2,874,195$3,317,708
77$3,577,862$3,080,116$2,943,717$3,532,481
78$3,915,197$3,203,435$3,014,725$3,764,817
79$4,286,071$3,331,927$3,087,242$4,016,346
80$4,693,877$3,465,817$3,161,291$4,288,857
81$5,142,353$3,605,344$3,236,895$4,584,317
82$5,635,620$3,750,752$3,314,078$4,904,886
83$6,178,216$3,902,302$3,392,862$5,252,935
84$6,775,141$4,060,261$3,473,270$5,631,071
85$7,431,904$4,224,913$3,555,323$6,042,160
86$8,154,577$4,396,553$3,639,046$6,489,350
87$8,949,849$4,575,488$3,724,458$6,976,104
88$9,825,088$4,762,042$3,811,582$7,506,227
89$10,788,416$4,956,551$3,900,439$8,083,905
90$11,848,780$5,159,368$3,991,050$8,713,740
91$13,016,040$5,370,861$4,083,434$9,400,793
92$14,301,059$5,591,416$4,177,612$10,150,633
93$15,715,807$5,821,435$4,273,602$10,969,382
94$17,273,475$6,061,341$4,371,423$11,863,780
95$18,988,596$6,311,574$4,471,093$12,841,239
96$20,877,187$6,572,595$4,572,628$13,909,915
97$22,956,894$6,844,886$4,676,045$15,078,786
98$25,247,163$7,128,952$4,781,359$16,357,728
99$27,769,423$7,425,320$4,888,584$17,757,613
100$30,547,286$7,734,542$4,997,733$19,290,407