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

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$241,957$239,801$237,699$235,646$233,642$229,488
2 years$119,781$117,550$115,388$113,292$111,258$107,087
3 years$79,060$76,820$74,664$72,587$70,587$66,529
4 years$58,704$56,471$54,336$52,295$50,343$46,430
5 years$46,494$44,274$42,167$40,167$38,270$34,512
6 years$38,356$36,153$34,077$32,122$30,282$26,683
7 years$32,546$30,361$28,318$26,409$24,627$21,190
8 years$28,190$26,025$24,016$22,154$20,431$17,153
9 years$24,804$22,660$20,685$18,870$17,206$14,086
10 years$22,097$19,973$18,034$16,267$14,660$11,695
11 years$19,884$17,781$15,877$14,157$12,608$9,796
12 years$18,040$15,959$14,090$12,417$10,926$8,261
13 years$16,482$14,423$12,589$10,963$9,528$7,007
14 years$15,147$13,110$11,311$9,731$8,352$5,971
15 years$13,991$11,976$10,212$8,679$7,354$5,108
16 years$12,981$10,988$9,259$7,771$6,499$4,383
17 years$12,091$10,119$8,425$6,982$5,763$3,772
18 years$11,300$9,351$7,691$6,292$5,124$3,253
19 years$10,593$8,666$7,041$5,686$4,567$2,811
20 years$9,958$8,053$6,462$5,149$4,079$2,434
21 years$9,384$7,501$5,944$4,673$3,651$2,110
22 years$8,863$7,002$5,478$4,249$3,272$1,831
23 years$8,388$6,549$5,058$3,870$2,937$1,591
24 years$7,953$6,136$4,678$3,530$2,640$1,383
25 years$7,554$5,758$4,332$3,223$2,376$1,204
26 years$7,186$5,412$4,018$2,947$2,140$1,048
27 years$6,846$5,093$3,731$2,698$1,929$914
28 years$6,530$4,799$3,469$2,472$1,741$797
29 years$6,237$4,527$3,228$2,267$1,572$695
30 years$5,964$4,276$3,007$2,080$1,420$606
31 years$5,709$4,042$2,803$1,910$1,284$529
32 years$5,471$3,824$2,615$1,756$1,162$462
33 years$5,247$3,622$2,442$1,615$1,051$404
34 years$5,037$3,433$2,282$1,486$952$353
35 years$4,840$3,256$2,133$1,368$862$308
36 years$4,654$3,090$1,995$1,259$781$269
37 years$4,478$2,935$1,868$1,160$708$235
38 years$4,312$2,789$1,749$1,070$642$206
39 years$4,155$2,652$1,639$986$582$180
40 years$4,006$2,524$1,536$910$528$157
41 years$3,865$2,402$1,440$839$479$137
42 years$3,730$2,288$1,351$775$435$120
43 years$3,603$2,180$1,268$715$394$105
44 years$3,481$2,078$1,190$660$358$92
45 years$3,366$1,981$1,117$610$325$80
46 years$3,255$1,890$1,049$563$295$70
47 years$3,150$1,804$986$520$268$61
48 years$3,049$1,722$926$481$243$54
49 years$2,953$1,644$871$444$221$47
50 years$2,861$1,571$819$411$201$41

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 $5,083 every year, while hoping to spend $52,310 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: 78/11/11 Blend
74$2,930,000$2,930,000$2,930,000$2,930,000
75$3,234,103$3,078,813$3,033,398$3,479,557
76$3,508,324$3,174,018$3,079,360$3,736,875
77$3,808,763$3,272,134$3,125,107$4,011,798
78$4,138,037$3,373,249$3,170,579$4,311,827
79$4,499,033$3,477,454$3,215,709$4,639,444
80$4,894,925$3,584,841$3,260,427$4,997,383
81$5,329,214$3,695,504$3,304,658$5,388,654
82$5,805,753$3,809,543$3,348,323$5,816,573
83$6,328,788$3,927,058$3,391,340$6,284,790
84$6,902,993$4,048,154$3,433,619$6,797,327
85$7,533,521$4,172,935$3,475,067$7,358,613
86$8,226,045$4,301,514$3,515,586$7,973,527
87$8,986,815$4,434,002$3,555,073$8,647,444
88$9,822,718$4,570,516$3,593,415$9,386,282
89$10,741,340$4,711,175$3,630,499$10,196,565
90$11,751,037$4,856,103$3,666,201$11,085,474
91$12,861,016$5,005,426$3,700,393$12,060,926
92$14,081,422$5,159,274$3,732,938$13,131,638
93$15,423,430$5,317,781$3,763,694$14,307,216
94$16,899,352$5,481,085$3,792,510$15,598,242
95$18,522,754$5,649,326$3,819,227$17,016,376
96$20,308,582$5,822,651$3,843,679$18,574,462
97$22,273,306$6,001,208$3,865,690$20,286,655
98$24,435,068$6,185,152$3,885,076$22,168,546
99$26,813,861$6,374,641$3,901,642$24,237,318
100$29,431,713$6,569,837$3,915,186$26,511,900