Can I retire at age 75 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$235,350$233,254$231,209$229,212$227,263$226,115
2 years$116,510$114,340$112,237$110,198$108,220$107,062
3 years$76,902$74,723$72,625$70,605$68,660$67,526
4 years$57,102$54,929$52,852$50,867$48,969$47,869
5 years$45,225$43,065$41,016$39,071$37,225$36,163
6 years$37,309$35,166$33,147$31,245$29,455$28,432
7 years$31,657$29,532$27,545$25,688$23,955$22,971
8 years$27,421$25,315$23,360$21,549$19,873$18,928
9 years$24,127$22,041$20,120$18,355$16,736$15,830
10 years$21,494$19,428$17,541$15,822$14,260$13,392
11 years$19,341$17,296$15,443$13,770$12,264$11,434
12 years$17,548$15,524$13,705$12,078$10,628$9,835
13 years$16,032$14,029$12,245$10,663$9,267$8,512
14 years$14,733$12,752$11,002$9,466$8,124$7,404
15 years$13,609$11,649$9,933$8,442$7,153$6,468
16 years$12,627$10,688$9,006$7,559$6,322$5,670
17 years$11,760$9,843$8,195$6,791$5,605$4,987
18 years$10,991$9,095$7,481$6,120$4,984$4,397
19 years$10,304$8,429$6,849$5,530$4,442$3,887
20 years$9,686$7,833$6,285$5,009$3,968$3,442
21 years$9,128$7,296$5,781$4,546$3,551$3,053
22 years$8,621$6,811$5,328$4,133$3,183$2,713
23 years$8,159$6,370$4,920$3,764$2,857$2,414
24 years$7,736$5,968$4,550$3,433$2,568$2,150
25 years$7,348$5,601$4,214$3,135$2,311$1,917
26 years$6,990$5,264$3,908$2,867$2,082$1,711
27 years$6,659$4,954$3,629$2,624$1,877$1,528
28 years$6,352$4,668$3,374$2,404$1,693$1,366
29 years$6,067$4,404$3,140$2,205$1,529$1,222
30 years$5,801$4,159$2,925$2,023$1,382$1,093
31 years$5,553$3,932$2,726$1,858$1,249$979
32 years$5,321$3,720$2,544$1,708$1,130$877
33 years$5,104$3,523$2,375$1,570$1,023$786
34 years$4,900$3,339$2,219$1,445$926$705
35 years$4,708$3,167$2,075$1,330$839$632
36 years$4,526$3,006$1,941$1,225$760$567
37 years$4,356$2,855$1,817$1,129$689$509
38 years$4,194$2,713$1,701$1,040$624$456
39 years$4,041$2,580$1,594$959$566$410
40 years$3,896$2,455$1,494$885$513$368
41 years$3,759$2,337$1,401$816$466$330
42 years$3,628$2,225$1,314$753$423$297
43 years$3,504$2,120$1,233$695$384$266
44 years$3,386$2,021$1,157$642$348$239
45 years$3,274$1,927$1,087$593$316$215
46 years$3,166$1,839$1,021$548$287$193
47 years$3,064$1,755$959$506$261$174
48 years$2,966$1,675$901$468$237$156
49 years$2,872$1,599$847$432$215$140
50 years$2,783$1,528$796$399$195$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,850,000, adding $3,259 every year, while hoping to spend $50,774 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: 73/8/19 Blend
74$2,850,000$2,850,000$2,850,000$2,850,000
75$3,144,062$2,993,012$2,948,837$3,359,209
76$3,410,733$3,085,646$2,993,600$3,595,162
77$3,702,903$3,181,118$3,038,160$3,847,107
78$4,023,119$3,279,512$3,082,458$4,121,813
79$4,374,186$3,380,918$3,126,430$4,421,530
80$4,759,194$3,485,424$3,170,007$4,748,739
81$5,181,547$3,593,125$3,213,117$5,106,172
82$5,644,993$3,704,116$3,255,684$5,496,837
83$6,153,660$3,818,496$3,297,628$5,924,048
84$6,712,097$3,936,366$3,338,862$6,391,457
85$7,325,314$4,057,830$3,379,297$6,903,083
86$7,998,829$4,182,997$3,418,836$7,463,358
87$8,738,722$4,311,977$3,457,380$8,077,161
88$9,551,691$4,444,883$3,494,821$8,749,871
89$10,445,113$4,581,832$3,531,048$9,487,409
90$11,427,118$4,722,945$3,565,941$10,296,302
91$12,506,660$4,868,346$3,599,376$11,183,741
92$13,693,606$5,018,161$3,631,222$12,157,647
93$14,998,826$5,172,522$3,661,339$13,226,749
94$16,434,294$5,331,564$3,689,583$14,400,663
95$18,013,206$5,495,425$3,715,798$15,689,986
96$19,750,100$5,664,247$3,739,824$17,106,392
97$21,660,993$5,838,178$3,761,490$18,662,748
98$23,763,532$6,017,367$3,780,618$20,373,227
99$26,077,164$6,201,970$3,797,021$22,253,450
100$28,623,314$6,392,145$3,810,500$24,320,626