Can I retire at age 75 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$226,267$224,251$222,285$220,366$218,491$211,159
2 years$112,013$109,927$107,905$105,945$104,044$96,729
3 years$73,934$71,839$69,822$67,880$66,010$58,942
4 years$54,898$52,809$50,812$48,904$47,079$40,312
5 years$43,479$41,403$39,433$37,563$35,788$29,341
6 years$35,869$33,809$31,867$30,039$28,318$22,195
7 years$30,436$28,392$26,482$24,697$23,030$17,231
8 years$26,362$24,337$22,459$20,718$19,106$13,626
9 years$23,196$21,190$19,344$17,647$16,090$10,922
10 years$20,664$18,678$16,864$15,212$13,709$8,846
11 years$18,594$16,628$14,847$13,239$11,790$7,222
12 years$16,870$14,924$13,176$11,612$10,217$5,933
13 years$15,413$13,487$11,772$10,252$8,910$4,899
14 years$14,165$12,260$10,577$9,100$7,810$4,061
15 years$13,084$11,199$9,550$8,116$6,877$3,378
16 years$12,139$10,275$8,658$7,267$6,078$2,818
17 years$11,307$9,463$7,879$6,529$5,389$2,355
18 years$10,567$8,744$7,192$5,884$4,792$1,972
19 years$9,906$8,104$6,584$5,317$4,271$1,654
20 years$9,312$7,531$6,043$4,815$3,815$1,389
21 years$8,776$7,015$5,558$4,370$3,414$1,168
22 years$8,288$6,548$5,123$3,974$3,060$982
23 years$7,844$6,124$4,730$3,619$2,747$827
24 years$7,438$5,738$4,374$3,301$2,469$697
25 years$7,064$5,385$4,052$3,014$2,222$587
26 years$6,720$5,061$3,758$2,756$2,001$495
27 years$6,402$4,763$3,489$2,523$1,804$418
28 years$6,107$4,488$3,244$2,311$1,628$353
29 years$5,833$4,234$3,019$2,120$1,470$298
30 years$5,577$3,998$2,812$1,945$1,328$251
31 years$5,339$3,780$2,621$1,787$1,201$212
32 years$5,116$3,576$2,446$1,642$1,086$179
33 years$4,907$3,387$2,284$1,510$983$151
34 years$4,711$3,210$2,134$1,389$890$128
35 years$4,526$3,045$1,995$1,279$806$108
36 years$4,352$2,890$1,866$1,178$730$91
37 years$4,187$2,745$1,747$1,085$662$77
38 years$4,032$2,608$1,636$1,000$600$65
39 years$3,885$2,480$1,532$922$544$55
40 years$3,746$2,360$1,436$851$494$47
41 years$3,614$2,246$1,347$785$448$39
42 years$3,488$2,139$1,263$724$406$33
43 years$3,369$2,038$1,185$669$369$28
44 years$3,256$1,943$1,113$617$335$24
45 years$3,147$1,853$1,045$570$304$20
46 years$3,044$1,768$981$527$276$17
47 years$2,946$1,687$922$487$251$14
48 years$2,851$1,610$866$450$228$12
49 years$2,761$1,538$814$416$207$10
50 years$2,675$1,469$766$384$188$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,740,000, adding $6,242 every year, while hoping to spend $36,269 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: 53/29/18 Blend
74$2,740,000$2,740,000$2,740,000$2,740,000
75$3,025,919$2,880,699$2,838,229$3,171,173
76$3,295,972$2,983,263$2,894,719$3,373,956
77$3,592,356$3,089,637$2,951,887$3,590,147
78$3,917,717$3,199,970$3,009,716$3,824,593
79$4,274,971$3,314,416$3,068,188$4,079,040
80$4,667,332$3,433,135$3,127,286$4,355,411
81$5,098,336$3,556,296$3,186,987$4,655,819
82$5,571,884$3,684,072$3,247,269$4,982,589
83$6,092,270$3,816,645$3,308,105$5,338,282
84$6,664,224$3,954,203$3,369,470$5,725,712
85$7,292,960$4,096,945$3,431,332$6,147,979
86$7,984,220$4,245,073$3,493,660$6,608,493
87$8,744,331$4,398,802$3,556,418$7,111,007
88$9,580,264$4,558,354$3,619,569$7,659,654
89$10,499,698$4,723,960$3,683,071$8,258,982
90$11,511,095$4,895,862$3,746,882$8,913,999
91$12,623,778$5,074,311$3,810,954$9,630,217
92$13,848,019$5,259,568$3,875,237$10,413,707
93$15,195,136$5,451,906$3,939,676$11,271,151
94$16,677,599$5,651,609$4,004,215$12,209,909
95$18,309,149$5,858,973$4,068,791$13,238,086
96$20,104,926$6,074,306$4,133,340$14,364,605
97$22,081,613$6,297,931$4,197,790$15,599,295
98$24,257,589$6,530,182$4,262,068$16,952,979
99$26,653,110$6,771,408$4,326,095$18,437,580
100$29,290,494$7,021,973$4,389,785$20,066,228