Can I retire at age 75 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$240,305$238,165$236,076$234,038$232,047$231,070
2 years$118,963$116,747$114,600$112,518$110,499$109,512
3 years$78,521$76,296$74,154$72,091$70,105$69,139
4 years$58,304$56,085$53,965$51,938$49,999$49,062
5 years$46,177$43,972$41,879$39,893$38,009$37,103
6 years$38,095$35,906$33,845$31,903$30,075$29,202
7 years$32,324$30,154$28,125$26,229$24,459$23,619
8 years$27,998$25,847$23,852$22,003$20,291$19,484
9 years$24,635$22,505$20,544$18,742$17,088$16,314
10 years$21,946$19,837$17,911$16,156$14,560$13,818
11 years$19,748$17,660$15,768$14,060$12,522$11,813
12 years$17,917$15,850$13,994$12,333$10,851$10,173
13 years$16,369$14,324$12,503$10,888$9,463$8,816
14 years$15,044$13,020$11,234$9,665$8,295$7,678
15 years$13,896$11,894$10,142$8,620$7,303$6,716
16 years$12,892$10,913$9,196$7,718$6,455$5,896
17 years$12,008$10,050$8,368$6,934$5,723$5,192
18 years$11,223$9,287$7,639$6,249$5,089$4,585
19 years$10,521$8,607$6,993$5,647$4,536$4,058
20 years$9,890$7,998$6,418$5,114$4,051$3,599
21 years$9,320$7,450$5,903$4,641$3,626$3,198
22 years$8,803$6,954$5,441$4,220$3,250$2,845
23 years$8,331$6,504$5,023$3,843$2,917$2,535
24 years$7,899$6,094$4,646$3,505$2,622$2,262
25 years$7,502$5,719$4,303$3,201$2,359$2,020
26 years$7,137$5,375$3,991$2,927$2,125$1,805
27 years$6,799$5,058$3,706$2,679$1,916$1,615
28 years$6,486$4,766$3,445$2,455$1,729$1,446
29 years$6,195$4,497$3,206$2,251$1,561$1,295
30 years$5,924$4,246$2,986$2,066$1,411$1,161
31 years$5,670$4,014$2,784$1,897$1,275$1,041
32 years$5,433$3,798$2,597$1,744$1,154$934
33 years$5,211$3,597$2,425$1,604$1,044$839
34 years$5,003$3,409$2,266$1,475$945$753
35 years$4,807$3,234$2,119$1,358$856$676
36 years$4,622$3,069$1,982$1,251$776$608
37 years$4,447$2,915$1,855$1,152$703$546
38 years$4,282$2,770$1,737$1,062$637$491
39 years$4,126$2,634$1,627$979$578$442
40 years$3,978$2,506$1,525$903$524$397
41 years$3,838$2,386$1,430$834$476$357
42 years$3,705$2,272$1,342$769$432$321
43 years$3,578$2,165$1,259$710$392$289
44 years$3,457$2,064$1,182$656$356$260
45 years$3,343$1,968$1,110$606$323$234
46 years$3,233$1,877$1,042$559$293$211
47 years$3,128$1,791$979$517$266$190
48 years$3,028$1,710$920$477$242$171
49 years$2,933$1,633$865$441$219$154
50 years$2,841$1,560$813$408$199$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,910,000, adding $6,870 every year, while hoping to spend $58,774 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: 39/34/27 Blend
74$2,910,000$2,910,000$2,910,000$2,910,000
75$3,213,906$3,059,676$3,014,571$3,313,274
76$3,479,190$3,147,065$3,053,024$3,473,745
77$3,769,562$3,236,767$3,090,796$3,641,203
78$4,087,521$3,328,831$3,127,801$3,821,150
79$4,435,815$3,423,311$3,163,949$4,014,761
80$4,817,474$3,520,259$3,199,147$4,223,331
81$5,235,831$3,619,727$3,233,294$4,448,284
82$5,694,561$3,721,769$3,266,284$4,691,187
83$6,197,708$3,826,438$3,298,007$4,953,769
84$6,749,729$3,933,788$3,328,345$5,237,930
85$7,355,532$4,043,874$3,357,174$5,545,765
86$8,020,522$4,156,750$3,384,366$5,879,581
87$8,750,656$4,272,470$3,409,782$6,241,919
88$9,552,492$4,391,091$3,433,279$6,635,577
89$10,433,257$4,512,665$3,454,705$7,063,639
90$11,400,913$4,637,249$3,473,901$7,529,502
91$12,464,228$4,764,896$3,490,699$8,036,907
92$13,632,865$4,895,662$3,504,923$8,589,977
93$14,917,467$5,029,600$3,516,388$9,193,255
94$16,329,761$5,166,763$3,524,900$9,851,745
95$17,882,667$5,307,204$3,530,254$10,570,962
96$19,590,418$5,450,976$3,532,236$11,356,983
97$21,468,697$5,598,130$3,530,623$12,216,503
98$23,534,782$5,748,717$3,525,177$13,156,901
99$25,807,711$5,902,784$3,515,651$14,186,307
100$28,308,458$6,060,382$3,501,786$15,313,681