Can I retire at age 75 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$241,957$239,801$237,699$235,646$233,642$232,073
2 years$119,781$117,550$115,388$113,292$111,258$109,675
3 years$79,060$76,820$74,664$72,587$70,587$69,039
4 years$58,704$56,471$54,336$52,295$50,343$48,843
5 years$46,494$44,274$42,167$40,167$38,270$36,822
6 years$38,356$36,153$34,077$32,122$30,282$28,888
7 years$32,546$30,361$28,318$26,409$24,627$23,288
8 years$28,190$26,025$24,016$22,154$20,431$19,145
9 years$24,804$22,660$20,685$18,870$17,206$15,975
10 years$22,097$19,973$18,034$16,267$14,660$13,483
11 years$19,884$17,781$15,877$14,157$12,608$11,483
12 years$18,040$15,959$14,090$12,417$10,926$9,853
13 years$16,482$14,423$12,589$10,963$9,528$8,505
14 years$15,147$13,110$11,311$9,731$8,352$7,379
15 years$13,991$11,976$10,212$8,679$7,354$6,429
16 years$12,981$10,988$9,259$7,771$6,499$5,621
17 years$12,091$10,119$8,425$6,982$5,763$4,930
18 years$11,300$9,351$7,691$6,292$5,124$4,335
19 years$10,593$8,666$7,041$5,686$4,567$3,820
20 years$9,958$8,053$6,462$5,149$4,079$3,373
21 years$9,384$7,501$5,944$4,673$3,651$2,984
22 years$8,863$7,002$5,478$4,249$3,272$2,643
23 years$8,388$6,549$5,058$3,870$2,937$2,345
24 years$7,953$6,136$4,678$3,530$2,640$2,082
25 years$7,554$5,758$4,332$3,223$2,376$1,851
26 years$7,186$5,412$4,018$2,947$2,140$1,647
27 years$6,846$5,093$3,731$2,698$1,929$1,466
28 years$6,530$4,799$3,469$2,472$1,741$1,306
29 years$6,237$4,527$3,228$2,267$1,572$1,165
30 years$5,964$4,276$3,007$2,080$1,420$1,039
31 years$5,709$4,042$2,803$1,910$1,284$927
32 years$5,471$3,824$2,615$1,756$1,162$828
33 years$5,247$3,622$2,442$1,615$1,051$739
34 years$5,037$3,433$2,282$1,486$952$661
35 years$4,840$3,256$2,133$1,368$862$591
36 years$4,654$3,090$1,995$1,259$781$528
37 years$4,478$2,935$1,868$1,160$708$472
38 years$4,312$2,789$1,749$1,070$642$422
39 years$4,155$2,652$1,639$986$582$378
40 years$4,006$2,524$1,536$910$528$338
41 years$3,865$2,402$1,440$839$479$302
42 years$3,730$2,288$1,351$775$435$271
43 years$3,603$2,180$1,268$715$394$242
44 years$3,481$2,078$1,190$660$358$217
45 years$3,366$1,981$1,117$610$325$194
46 years$3,255$1,890$1,049$563$295$174
47 years$3,150$1,804$986$520$268$156
48 years$3,049$1,722$926$481$243$139
49 years$2,953$1,644$871$444$221$125
50 years$2,861$1,571$819$411$201$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,930,000, adding $2,320 every year, while hoping to spend $55,636 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: 57/24/19 Blend
74$2,930,000$2,930,000$2,930,000$2,930,000
75$3,231,253$3,075,963$3,030,548$3,398,995
76$3,501,645$3,167,489$3,072,875$3,604,890
77$3,797,751$3,261,635$3,114,756$3,822,955
78$4,122,138$3,358,471$3,156,115$4,059,362
79$4,477,627$3,458,067$3,196,877$4,315,889
80$4,867,330$3,560,498$3,236,957$4,594,492
81$5,294,672$3,665,836$3,276,270$4,897,323
82$5,763,426$3,774,159$3,314,721$5,226,754
83$6,277,746$3,885,543$3,352,215$5,585,395
84$6,842,209$4,000,069$3,388,648$5,976,121
85$7,461,859$4,117,816$3,423,912$6,402,098
86$8,142,247$4,238,868$3,457,892$6,866,814
87$8,889,493$4,363,309$3,490,468$7,374,109
88$9,710,335$4,491,225$3,521,512$7,928,212
89$10,612,197$4,622,703$3,550,890$8,533,784
90$11,603,258$4,757,833$3,578,463$9,195,957
91$12,692,529$4,896,705$3,604,080$9,920,384
92$13,889,937$5,039,413$3,627,586$10,713,294
93$15,206,417$5,186,051$3,648,817$11,581,548
94$16,654,020$5,336,716$3,667,600$12,532,705
95$18,246,018$5,491,503$3,683,754$13,575,094
96$19,997,040$5,650,515$3,697,087$14,717,887
97$21,923,198$5,813,850$3,707,399$15,971,195
98$24,042,248$5,981,612$3,714,481$17,346,154
99$26,373,752$6,153,906$3,718,111$18,855,036
100$28,939,264$6,330,836$3,718,056$20,511,360