Can I retire at age 75 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$231,221$229,162$227,152$225,191$223,276$214,927
2 years$114,466$112,334$110,268$108,265$106,322$98,006
3 years$75,553$73,412$71,351$69,366$67,455$59,434
4 years$56,100$53,965$51,925$49,975$48,109$40,444
5 years$44,431$42,309$40,296$38,385$36,572$29,282
6 years$36,655$34,549$32,565$30,697$28,938$22,029
7 years$31,102$29,014$27,062$25,238$23,535$17,005
8 years$26,940$24,870$22,951$21,171$19,524$13,367
9 years$23,704$21,654$19,767$18,033$16,442$10,649
10 years$21,117$19,087$17,234$15,545$14,010$8,571
11 years$19,001$16,992$15,172$13,529$12,049$6,952
12 years$17,240$15,251$13,465$11,866$10,441$5,673
13 years$15,750$13,783$12,030$10,476$9,105$4,653
14 years$14,475$12,528$10,809$9,300$7,981$3,830
15 years$13,370$11,445$9,759$8,294$7,027$3,163
16 years$12,405$10,500$8,848$7,426$6,211$2,619
17 years$11,554$9,670$8,051$6,672$5,507$2,173
18 years$10,799$8,936$7,350$6,013$4,896$1,806
19 years$10,123$8,282$6,728$5,433$4,364$1,504
20 years$9,516$7,696$6,175$4,921$3,898$1,253
21 years$8,968$7,168$5,680$4,466$3,489$1,045
22 years$8,470$6,691$5,235$4,061$3,127$873
23 years$8,016$6,258$4,833$3,698$2,807$729
24 years$7,601$5,864$4,470$3,373$2,523$609
25 years$7,219$5,503$4,140$3,080$2,270$509
26 years$6,867$5,172$3,840$2,816$2,045$426
27 years$6,542$4,867$3,566$2,578$1,844$357
28 years$6,241$4,586$3,315$2,362$1,664$299
29 years$5,961$4,327$3,085$2,166$1,502$250
30 years$5,700$4,086$2,873$1,988$1,357$209
31 years$5,456$3,863$2,679$1,826$1,227$175
32 years$5,228$3,655$2,499$1,678$1,110$147
33 years$5,014$3,461$2,334$1,543$1,005$123
34 years$4,814$3,280$2,180$1,420$910$103
35 years$4,625$3,111$2,038$1,307$824$86
36 years$4,447$2,953$1,907$1,204$746$72
37 years$4,279$2,805$1,785$1,109$677$61
38 years$4,120$2,666$1,671$1,022$613$51
39 years$3,970$2,535$1,566$942$556$43
40 years$3,828$2,412$1,468$869$504$36
41 years$3,693$2,296$1,376$802$458$30
42 years$3,565$2,186$1,291$740$415$25
43 years$3,443$2,083$1,211$683$377$21
44 years$3,327$1,986$1,137$631$342$18
45 years$3,216$1,893$1,068$583$311$15
46 years$3,111$1,806$1,003$538$282$12
47 years$3,010$1,724$942$497$256$10
48 years$2,914$1,646$885$459$233$9
49 years$2,822$1,571$832$425$211$7
50 years$2,734$1,501$782$392$192$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,800,000, adding $5,066 every year, while hoping to spend $46,098 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: 26/50/24 Blend
74$2,800,000$2,800,000$2,800,000$2,800,000
75$3,090,826$2,942,426$2,899,026$3,147,651
76$3,357,042$3,037,557$2,947,095$3,288,952
77$3,648,867$3,135,804$2,995,230$3,436,127
78$3,968,865$3,237,272$3,043,383$3,593,071
79$4,319,859$3,342,067$3,091,506$3,760,637
80$4,704,958$3,450,303$3,139,546$3,939,761
81$5,127,589$3,562,092$3,187,445$4,131,471
82$5,591,524$3,677,555$3,235,145$4,336,896
83$6,100,919$3,796,815$3,282,582$4,557,276
84$6,660,352$3,919,999$3,329,689$4,793,972
85$7,274,868$4,047,239$3,376,393$5,048,482
86$7,950,022$4,178,671$3,422,620$5,322,450
87$8,691,935$4,314,437$3,468,288$5,617,684
88$9,507,350$4,454,682$3,513,313$5,936,171
89$10,403,695$4,599,557$3,557,605$6,280,098
90$11,389,156$4,749,219$3,601,068$6,651,867
91$12,472,748$4,903,829$3,643,603$7,054,122
92$13,664,407$5,063,555$3,685,102$7,489,771
93$14,975,077$5,228,570$3,725,454$7,962,013
94$16,416,818$5,399,053$3,764,539$8,474,369
95$18,002,916$5,575,189$3,802,234$9,030,711
96$19,748,012$5,757,172$3,838,407$9,635,302
97$21,668,234$5,945,198$3,872,919$10,292,833
98$23,781,355$6,139,474$3,905,623$11,008,470
99$26,106,959$6,340,213$3,936,366$11,787,896
100$28,666,620$6,547,636$3,964,986$12,637,368