Can I retire at age 75 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$241,131$238,983$236,887$234,842$232,845$228,705
2 years$119,372$117,149$114,994$112,905$110,879$106,722
3 years$78,791$76,558$74,409$72,339$70,346$66,302
4 years$58,504$56,278$54,150$52,116$50,171$46,271
5 years$46,335$44,123$42,023$40,030$38,139$34,394
6 years$38,225$36,030$33,961$32,013$30,178$26,592
7 years$32,435$30,258$28,222$26,319$24,543$21,117
8 years$28,094$25,936$23,934$22,079$20,361$17,094
9 years$24,720$22,582$20,614$18,806$17,147$14,038
10 years$22,022$19,905$17,972$16,211$14,610$11,656
11 years$19,816$17,720$15,822$14,108$12,565$9,762
12 years$17,979$15,905$14,042$12,375$10,889$8,233
13 years$16,425$14,373$12,546$10,925$9,495$6,983
14 years$15,095$13,065$11,272$9,698$8,323$5,951
15 years$13,944$11,935$10,177$8,649$7,329$5,090
16 years$12,937$10,950$9,227$7,744$6,477$4,368
17 years$12,049$10,085$8,396$6,958$5,743$3,759
18 years$11,261$9,319$7,665$6,271$5,106$3,242
19 years$10,557$8,637$7,017$5,666$4,551$2,802
20 years$9,924$8,025$6,440$5,132$4,065$2,425
21 years$9,352$7,475$5,923$4,657$3,638$2,102
22 years$8,833$6,978$5,459$4,235$3,261$1,825
23 years$8,360$6,526$5,041$3,857$2,927$1,585
24 years$7,926$6,115$4,662$3,517$2,631$1,379
25 years$7,528$5,738$4,318$3,212$2,368$1,200
26 years$7,161$5,393$4,004$2,937$2,133$1,045
27 years$6,822$5,076$3,718$2,688$1,923$911
28 years$6,508$4,783$3,457$2,463$1,735$794
29 years$6,216$4,512$3,217$2,259$1,567$692
30 years$5,944$4,261$2,996$2,073$1,416$604
31 years$5,690$4,028$2,793$1,904$1,280$527
32 years$5,452$3,811$2,606$1,750$1,158$460
33 years$5,229$3,609$2,434$1,609$1,048$402
34 years$5,020$3,421$2,274$1,480$949$351
35 years$4,823$3,245$2,126$1,363$859$307
36 years$4,638$3,080$1,989$1,255$778$268
37 years$4,463$2,925$1,861$1,156$706$234
38 years$4,297$2,780$1,743$1,066$640$205
39 years$4,140$2,643$1,633$983$580$179
40 years$3,992$2,515$1,531$907$526$157
41 years$3,851$2,394$1,435$836$477$137
42 years$3,718$2,280$1,346$772$433$120
43 years$3,590$2,172$1,263$713$393$105
44 years$3,469$2,071$1,186$658$357$92
45 years$3,354$1,975$1,113$608$324$80
46 years$3,244$1,884$1,046$561$294$70
47 years$3,139$1,798$983$519$267$61
48 years$3,039$1,716$923$479$243$54
49 years$2,943$1,639$868$443$220$47
50 years$2,851$1,565$816$409$200$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,920,000, adding $3,203 every year, while hoping to spend $55,384 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: 67/22/11 Blend
74$2,920,000$2,920,000$2,920,000$2,920,000
75$3,221,144$3,066,384$3,021,124$3,429,142
76$3,490,772$3,157,709$3,063,403$3,659,255
77$3,786,047$3,251,652$3,105,243$3,903,859
78$4,109,525$3,348,284$3,146,570$4,169,853
79$4,464,022$3,447,676$3,187,306$4,459,325
80$4,852,641$3,549,900$3,227,369$4,774,572
81$5,278,797$3,655,033$3,266,673$5,118,125
82$5,746,254$3,763,149$3,305,126$5,492,770
83$6,259,156$3,874,327$3,342,632$5,901,572
84$6,822,067$3,988,646$3,379,087$6,347,910
85$7,440,017$4,106,189$3,414,385$6,835,503
86$8,118,543$4,227,036$3,448,412$7,368,447
87$8,863,748$4,351,275$3,481,047$7,951,253
88$9,682,353$4,478,990$3,512,164$8,588,890
89$10,581,762$4,610,269$3,541,631$9,286,829
90$11,570,133$4,745,204$3,569,307$10,051,099
91$12,656,452$4,883,885$3,595,045$10,888,340
92$13,850,620$5,026,405$3,618,689$11,805,866
93$15,163,545$5,172,860$3,640,076$12,811,733
94$16,607,243$5,323,346$3,659,035$13,914,818
95$18,194,954$5,477,962$3,675,385$15,124,898
96$19,941,265$5,636,809$3,688,936$16,452,746
97$21,862,248$5,799,987$3,699,490$17,910,229
98$23,975,612$5,967,600$3,706,837$19,510,422
99$26,300,866$6,139,754$3,710,758$21,267,729
100$28,859,508$6,316,556$3,711,021$23,198,023