Can I retire at age 75 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$237,828$235,709$233,642$231,625$229,655$226,130
2 years$117,736$115,544$113,419$111,358$109,360$105,817
3 years$77,711$75,509$73,389$71,348$69,382$65,932
4 years$57,703$55,507$53,409$51,402$49,484$46,152
5 years$45,701$43,518$41,447$39,482$37,617$34,414
6 years$37,702$35,536$33,496$31,574$29,765$26,694
7 years$31,991$29,843$27,835$25,959$24,207$21,270
8 years$27,709$25,581$23,606$21,776$20,082$17,277
9 years$24,381$22,273$20,332$18,548$16,912$14,239
10 years$21,720$19,632$17,726$15,989$14,410$11,866
11 years$19,544$17,478$15,606$13,915$12,393$9,976
12 years$17,732$15,687$13,850$12,205$10,739$8,446
13 years$16,200$14,176$12,374$10,776$9,365$7,192
14 years$14,888$12,886$11,118$9,565$8,209$6,153
15 years$13,752$11,772$10,038$8,531$7,228$5,285
16 years$12,759$10,800$9,101$7,638$6,388$4,555
17 years$11,884$9,947$8,281$6,863$5,664$3,936
18 years$11,107$9,191$7,560$6,185$5,036$3,410
19 years$10,413$8,518$6,921$5,589$4,489$2,960
20 years$9,788$7,916$6,351$5,062$4,010$2,574
21 years$9,224$7,373$5,842$4,594$3,588$2,241
22 years$8,712$6,882$5,384$4,177$3,216$1,954
23 years$8,245$6,437$4,972$3,804$2,887$1,706
24 years$7,818$6,031$4,598$3,469$2,595$1,490
25 years$7,425$5,660$4,259$3,168$2,335$1,303
26 years$7,063$5,319$3,950$2,897$2,103$1,140
27 years$6,729$5,006$3,668$2,652$1,896$998
28 years$6,419$4,717$3,409$2,429$1,711$875
29 years$6,131$4,450$3,173$2,228$1,545$767
30 years$5,862$4,203$2,955$2,045$1,396$672
31 years$5,612$3,973$2,755$1,878$1,262$590
32 years$5,377$3,759$2,571$1,726$1,142$518
33 years$5,158$3,560$2,400$1,587$1,033$454
34 years$4,951$3,374$2,243$1,460$936$399
35 years$4,757$3,200$2,097$1,344$847$350
36 years$4,574$3,038$1,961$1,238$768$308
37 years$4,401$2,885$1,836$1,141$696$270
38 years$4,238$2,742$1,719$1,051$631$237
39 years$4,084$2,607$1,611$969$572$209
40 years$3,937$2,480$1,510$894$519$183
41 years$3,799$2,361$1,416$825$471$161
42 years$3,667$2,249$1,328$761$427$142
43 years$3,541$2,143$1,246$703$388$124
44 years$3,422$2,042$1,170$649$352$109
45 years$3,308$1,948$1,098$599$319$96
46 years$3,200$1,858$1,031$554$290$85
47 years$3,096$1,773$969$511$263$74
48 years$2,997$1,693$911$473$239$65
49 years$2,902$1,616$856$437$217$57
50 years$2,812$1,544$805$404$197$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,880,000, adding $5,159 every year, while hoping to spend $45,452 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: 55/17/28 Blend
74$2,880,000$2,880,000$2,880,000$2,880,000
75$3,179,082$3,026,442$2,981,802$3,329,028
76$3,454,987$3,126,377$3,033,331$3,532,949
77$3,757,512$3,229,685$3,085,064$3,749,816
78$4,089,323$3,336,484$3,136,958$3,985,105
79$4,453,358$3,446,896$3,188,970$4,240,607
80$4,852,852$3,561,046$3,241,053$4,518,292
81$5,291,371$3,679,065$3,293,155$4,820,329
82$5,772,839$3,801,087$3,345,225$5,149,106
83$6,301,582$3,927,254$3,397,203$5,507,254
84$6,882,364$4,057,710$3,449,031$5,897,668
85$7,520,434$4,192,607$3,500,642$6,323,537
86$8,221,573$4,332,099$3,551,968$6,788,375
87$8,992,151$4,476,350$3,602,936$7,296,049
88$9,839,185$4,625,525$3,653,469$7,850,820
89$10,770,407$4,779,801$3,703,485$8,457,382
90$11,794,333$4,939,356$3,752,896$9,120,904
91$12,920,348$5,104,377$3,801,612$9,847,081
92$14,158,790$5,275,059$3,849,533$10,642,185
93$15,521,052$5,451,602$3,896,557$11,513,127
94$17,019,684$5,634,215$3,942,576$12,467,521
95$18,668,514$5,823,113$3,987,475$13,513,752
96$20,482,778$6,018,522$4,031,131$14,661,061
97$22,479,265$6,220,673$4,073,417$15,919,627
98$24,676,471$6,429,807$4,114,198$17,300,665
99$27,094,779$6,646,175$4,153,331$18,816,533
100$29,756,645$6,870,036$4,190,667$20,480,845