Can I retire at age 75 with 2,840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$234,525$232,436$230,397$228,408$226,466$224,662
2 years$116,101$113,939$111,843$109,812$107,841$106,023
3 years$76,632$74,460$72,370$70,357$68,419$66,642
4 years$56,901$54,736$52,667$50,689$48,797$47,076
5 years$45,066$42,914$40,872$38,934$37,094$35,434
6 years$37,178$35,042$33,030$31,136$29,352$27,754
7 years$31,546$29,429$27,448$25,598$23,871$22,337
8 years$27,324$25,226$23,278$21,474$19,803$18,332
9 years$24,042$21,964$20,050$18,291$16,677$15,269
10 years$21,418$19,360$17,480$15,767$14,210$12,864
11 years$19,273$17,235$15,389$13,722$12,221$10,937
12 years$17,486$15,469$13,657$12,036$10,590$9,366
13 years$15,975$13,980$12,202$10,626$9,235$8,069
14 years$14,682$12,707$10,963$9,433$8,095$6,987
15 years$13,561$11,608$9,899$8,412$7,128$6,075
16 years$12,582$10,650$8,974$7,532$6,300$5,301
17 years$11,719$9,808$8,166$6,768$5,586$4,639
18 years$10,953$9,063$7,455$6,099$4,966$4,071
19 years$10,268$8,400$6,825$5,511$4,427$3,580
20 years$9,652$7,806$6,263$4,991$3,954$3,154
21 years$9,096$7,271$5,761$4,530$3,538$2,784
22 years$8,591$6,787$5,310$4,119$3,172$2,461
23 years$8,131$6,348$4,903$3,751$2,847$2,178
24 years$7,709$5,947$4,534$3,421$2,559$1,929
25 years$7,322$5,581$4,199$3,124$2,303$1,711
26 years$6,965$5,245$3,895$2,857$2,074$1,519
27 years$6,635$4,937$3,617$2,615$1,870$1,349
28 years$6,330$4,652$3,362$2,396$1,687$1,199
29 years$6,046$4,388$3,129$2,197$1,524$1,067
30 years$5,781$4,144$2,914$2,016$1,377$949
31 years$5,534$3,918$2,717$1,852$1,245$845
32 years$5,303$3,707$2,535$1,702$1,126$753
33 years$5,086$3,511$2,367$1,565$1,019$671
34 years$4,882$3,327$2,211$1,440$923$598
35 years$4,691$3,156$2,068$1,326$836$533
36 years$4,511$2,995$1,934$1,221$757$475
37 years$4,340$2,845$1,810$1,125$686$424
38 years$4,179$2,704$1,695$1,037$622$378
39 years$4,027$2,571$1,588$956$564$337
40 years$3,883$2,446$1,489$882$512$301
41 years$3,746$2,328$1,396$813$464$269
42 years$3,616$2,217$1,309$751$421$240
43 years$3,492$2,113$1,229$693$382$214
44 years$3,374$2,014$1,153$640$347$191
45 years$3,262$1,920$1,083$591$315$171
46 years$3,155$1,832$1,017$546$286$153
47 years$3,053$1,748$956$504$260$136
48 years$2,955$1,669$898$466$236$122
49 years$2,862$1,594$844$431$214$109
50 years$2,773$1,522$794$398$195$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,840,000, adding $5,153 every year, while hoping to spend $53,494 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: 39/50/11 Blend
74$2,840,000$2,840,000$2,840,000$2,840,000
75$3,134,995$2,984,475$2,940,455$3,246,640
76$3,397,848$3,073,797$2,982,043$3,415,416
77$3,685,718$3,165,703$3,023,232$3,592,146
78$4,001,102$3,260,263$3,063,951$3,782,043
79$4,346,747$3,357,549$3,104,126$3,986,318
80$4,725,680$3,457,634$3,143,679$4,206,301
81$5,141,235$3,560,594$3,182,528$4,443,455
82$5,597,083$3,666,505$3,220,585$4,699,388
83$6,097,268$3,775,446$3,257,756$4,975,870
84$6,646,244$3,887,497$3,293,946$5,274,845
85$7,248,918$4,002,742$3,329,050$5,598,455
86$7,910,694$4,121,263$3,362,960$5,949,054
87$8,637,527$4,243,147$3,395,561$6,329,232
88$9,435,975$4,368,481$3,426,732$6,741,842
89$10,313,263$4,497,355$3,456,347$7,190,021
90$11,277,352$4,629,861$3,484,270$7,677,223
91$12,337,009$4,766,093$3,510,361$8,207,251
92$13,501,897$4,906,144$3,534,471$8,784,288
93$14,782,659$5,050,113$3,556,444$9,412,944
94$16,191,021$5,198,099$3,576,115$10,098,291
95$17,739,902$5,350,203$3,593,313$10,845,916
96$19,443,538$5,506,529$3,607,854$11,661,970
97$21,317,610$5,667,180$3,619,548$12,553,226
98$23,379,399$5,832,265$3,628,196$13,527,146
99$25,647,943$6,001,891$3,633,586$14,591,943
100$28,144,220$6,176,170$3,635,498$15,756,669