Can I retire at age 75 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$233,699$231,617$229,586$227,604$225,668$218,444
2 years$115,692$113,538$111,450$109,425$107,461$100,250
3 years$76,362$74,198$72,115$70,110$68,178$61,205
4 years$56,701$54,544$52,481$50,510$48,625$41,945
5 years$44,907$42,763$40,728$38,797$36,964$30,594
6 years$37,047$34,919$32,914$31,026$29,248$23,194
7 years$31,435$29,325$27,352$25,508$23,787$18,047
8 years$27,228$25,137$23,196$21,398$19,733$14,305
9 years$23,958$21,886$19,979$18,226$16,618$11,495
10 years$21,343$19,292$17,418$15,711$14,160$9,333
11 years$19,205$17,174$15,335$13,674$12,178$7,639
12 years$17,424$15,415$13,609$11,994$10,553$6,293
13 years$15,919$13,930$12,159$10,589$9,202$5,210
14 years$14,630$12,662$10,925$9,399$8,067$4,331
15 years$13,514$11,567$9,864$8,383$7,103$3,613
16 years$12,538$10,613$8,943$7,506$6,277$3,022
17 years$11,678$9,774$8,138$6,744$5,566$2,534
18 years$10,914$9,032$7,429$6,077$4,949$2,128
19 years$10,232$8,370$6,801$5,492$4,411$1,790
20 years$9,618$7,778$6,241$4,974$3,940$1,508
21 years$9,064$7,245$5,741$4,514$3,526$1,271
22 years$8,561$6,763$5,291$4,104$3,160$1,073
23 years$8,102$6,325$4,885$3,738$2,837$906
24 years$7,682$5,926$4,518$3,409$2,550$766
25 years$7,296$5,562$4,185$3,113$2,295$648
26 years$6,941$5,227$3,881$2,847$2,067$548
27 years$6,612$4,919$3,604$2,606$1,863$464
28 years$6,307$4,635$3,350$2,387$1,681$393
29 years$6,024$4,373$3,118$2,189$1,518$333
30 years$5,761$4,130$2,904$2,009$1,372$282
31 years$5,514$3,904$2,707$1,845$1,240$239
32 years$5,284$3,694$2,526$1,696$1,122$202
33 years$5,068$3,498$2,359$1,559$1,015$171
34 years$4,865$3,316$2,204$1,435$919$145
35 years$4,674$3,145$2,060$1,321$833$123
36 years$4,495$2,985$1,927$1,216$754$104
37 years$4,325$2,835$1,804$1,121$684$89
38 years$4,165$2,694$1,689$1,033$620$75
39 years$4,013$2,562$1,583$953$562$64
40 years$3,869$2,437$1,483$879$510$54
41 years$3,733$2,320$1,391$811$463$46
42 years$3,603$2,210$1,305$748$420$39
43 years$3,480$2,105$1,224$691$381$33
44 years$3,362$2,007$1,149$638$346$28
45 years$3,251$1,914$1,079$589$314$24
46 years$3,144$1,826$1,014$544$285$20
47 years$3,042$1,742$952$503$259$17
48 years$2,945$1,663$895$464$235$14
49 years$2,852$1,588$841$429$213$12
50 years$2,763$1,517$791$397$194$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,830,000, adding $2,033 every year, while hoping to spend $57,166 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: 73/10/17 Blend
74$2,830,000$2,830,000$2,830,000$2,830,000
75$3,120,757$2,970,767$2,926,902$3,336,221
76$3,378,250$3,055,510$2,964,129$3,564,146
77$3,660,091$3,142,490$3,000,687$3,806,587
78$3,968,704$3,231,756$3,036,494$4,070,676
79$4,306,757$3,323,357$3,071,461$4,358,552
80$4,677,189$3,417,344$3,105,497$4,672,568
81$5,083,235$3,513,767$3,138,505$5,015,314
82$5,528,461$3,612,677$3,170,381$5,389,647
83$6,016,792$3,714,126$3,201,016$5,798,710
84$6,552,552$3,818,166$3,230,298$6,245,969
85$7,140,504$3,924,848$3,258,105$6,735,238
86$7,785,895$4,034,225$3,284,310$7,270,723
87$8,494,503$4,146,348$3,308,781$7,857,053
88$9,272,693$4,261,271$3,331,377$8,499,330
89$10,127,480$4,379,045$3,351,950$9,203,177
90$11,066,587$4,499,722$3,370,345$9,974,787
91$12,098,526$4,623,355$3,386,398$10,820,981
92$13,232,671$4,749,995$3,399,938$11,749,278
93$14,479,352$4,879,694$3,410,785$12,767,962
94$15,849,949$5,012,502$3,418,748$13,886,159
95$17,356,998$5,148,468$3,423,631$15,113,926
96$19,014,312$5,287,644$3,425,223$16,462,342
97$20,837,110$5,430,076$3,423,306$17,943,617
98$22,842,158$5,575,813$3,417,649$19,571,204
99$25,047,930$5,724,900$3,408,013$21,359,929
100$27,474,781$5,877,382$3,394,144$23,326,124