Can I retire at age 75 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$236,176$234,072$232,020$230,017$228,060$224,098
2 years$116,919$114,741$112,631$110,585$108,600$104,621
3 years$77,172$74,985$72,880$70,853$68,900$65,028
4 years$57,302$55,122$53,038$51,045$49,140$45,405
5 years$45,383$43,216$41,159$39,208$37,356$33,768
6 years$37,440$35,289$33,263$31,355$29,558$26,123
7 years$31,769$29,636$27,642$25,779$24,039$20,756
8 years$27,517$25,403$23,442$21,625$19,943$16,811
9 years$24,212$22,118$20,191$18,420$16,794$13,814
10 years$21,569$19,496$17,603$15,878$14,310$11,477
11 years$19,408$17,356$15,497$13,819$12,307$9,618
12 years$17,609$15,578$13,753$12,121$10,665$8,117
13 years$16,088$14,078$12,288$10,701$9,300$6,889
14 years$14,785$12,796$11,041$9,499$8,152$5,875
15 years$13,657$11,690$9,968$8,471$7,178$5,029
16 years$12,671$10,725$9,038$7,585$6,344$4,319
17 years$11,802$9,878$8,224$6,815$5,625$3,719
18 years$11,030$9,127$7,507$6,142$5,001$3,210
19 years$10,340$8,459$6,873$5,550$4,458$2,776
20 years$9,720$7,861$6,307$5,026$3,982$2,405
21 years$9,160$7,322$5,802$4,562$3,563$2,086
22 years$8,651$6,835$5,347$4,148$3,194$1,812
23 years$8,188$6,392$4,937$3,777$2,867$1,575
24 years$7,763$5,989$4,566$3,445$2,577$1,371
25 years$7,374$5,621$4,229$3,146$2,319$1,194
26 years$7,014$5,282$3,922$2,877$2,089$1,041
27 years$6,682$4,971$3,642$2,633$1,883$908
28 years$6,374$4,684$3,386$2,413$1,699$792
29 years$6,088$4,419$3,151$2,212$1,534$691
30 years$5,822$4,174$2,935$2,030$1,386$604
31 years$5,573$3,945$2,736$1,865$1,253$527
32 years$5,340$3,733$2,553$1,714$1,134$461
33 years$5,122$3,535$2,384$1,576$1,026$403
34 years$4,917$3,351$2,227$1,450$929$352
35 years$4,724$3,178$2,082$1,335$841$308
36 years$4,542$3,016$1,948$1,229$762$269
37 years$4,371$2,865$1,823$1,133$691$236
38 years$4,209$2,723$1,707$1,044$626$206
39 years$4,055$2,589$1,599$963$568$180
40 years$3,910$2,463$1,499$888$515$158
41 years$3,772$2,345$1,406$819$467$138
42 years$3,641$2,233$1,319$756$424$121
43 years$3,517$2,128$1,237$698$385$106
44 years$3,398$2,028$1,162$644$349$93
45 years$3,285$1,934$1,091$595$317$81
46 years$3,177$1,845$1,024$550$288$71
47 years$3,075$1,761$962$508$262$62
48 years$2,976$1,681$904$469$238$54
49 years$2,882$1,605$850$434$216$48
50 years$2,792$1,533$799$401$196$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,860,000, adding $5,247 every year, while hoping to spend $58,537 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: 41/43/16 Blend
74$2,860,000$2,860,000$2,860,000$2,860,000
75$3,157,132$3,005,552$2,961,222$3,271,468
76$3,416,877$3,090,541$2,998,140$3,437,887
77$3,701,153$3,177,733$3,034,333$3,611,777
78$4,012,403$3,267,174$3,069,715$3,798,739
79$4,353,312$3,358,909$3,104,194$3,999,991
80$4,726,840$3,452,986$3,137,676$4,216,878
81$5,136,248$3,549,452$3,170,057$4,450,875
82$5,585,124$3,648,354$3,201,233$4,703,610
83$6,077,422$3,749,739$3,231,090$4,976,870
84$6,617,497$3,853,654$3,259,509$5,272,626
85$7,210,145$3,960,147$3,286,367$5,593,044
86$7,860,650$4,069,264$3,311,530$5,940,513
87$8,574,831$4,181,053$3,334,861$6,317,659
88$9,359,099$4,295,560$3,356,214$6,727,377
89$10,220,515$4,412,831$3,375,436$7,172,853
90$11,166,860$4,532,912$3,392,365$7,657,595
91$12,206,704$4,655,848$3,406,833$8,185,469
92$13,349,488$4,781,685$3,418,662$8,760,732
93$14,605,613$4,910,465$3,427,664$9,388,072
94$15,986,539$5,042,231$3,433,644$10,072,653
95$17,504,890$5,177,025$3,436,396$10,820,165
96$19,174,577$5,314,887$3,435,703$11,636,875
97$21,010,924$5,455,856$3,431,339$12,529,688
98$23,030,815$5,599,970$3,423,066$13,506,209
99$25,252,853$5,747,264$3,410,634$14,574,820
100$27,697,536$5,897,772$3,393,782$15,744,752