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%14.8%
1 years$241,957$239,801$237,699$235,646$233,642$229,019
2 years$119,781$117,550$115,388$113,292$111,258$106,619
3 years$79,060$76,820$74,664$72,587$70,587$66,078
4 years$58,704$56,471$54,336$52,295$50,343$45,998
5 years$46,494$44,274$42,167$40,167$38,270$34,102
6 years$38,356$36,153$34,077$32,122$30,282$26,295
7 years$32,546$30,361$28,318$26,409$24,627$20,822
8 years$28,190$26,025$24,016$22,154$20,431$16,807
9 years$24,804$22,660$20,685$18,870$17,206$13,760
10 years$22,097$19,973$18,034$16,267$14,660$11,390
11 years$19,884$17,781$15,877$14,157$12,608$9,510
12 years$18,040$15,959$14,090$12,417$10,926$7,995
13 years$16,482$14,423$12,589$10,963$9,528$6,759
14 years$15,147$13,110$11,311$9,731$8,352$5,740
15 years$13,991$11,976$10,212$8,679$7,354$4,893
16 years$12,981$10,988$9,259$7,771$6,499$4,184
17 years$12,091$10,119$8,425$6,982$5,763$3,588
18 years$11,300$9,351$7,691$6,292$5,124$3,083
19 years$10,593$8,666$7,041$5,686$4,567$2,654
20 years$9,958$8,053$6,462$5,149$4,079$2,289
21 years$9,384$7,501$5,944$4,673$3,651$1,977
22 years$8,863$7,002$5,478$4,249$3,272$1,709
23 years$8,388$6,549$5,058$3,870$2,937$1,479
24 years$7,953$6,136$4,678$3,530$2,640$1,281
25 years$7,554$5,758$4,332$3,223$2,376$1,111
26 years$7,186$5,412$4,018$2,947$2,140$963
27 years$6,846$5,093$3,731$2,698$1,929$836
28 years$6,530$4,799$3,469$2,472$1,741$726
29 years$6,237$4,527$3,228$2,267$1,572$631
30 years$5,964$4,276$3,007$2,080$1,420$548
31 years$5,709$4,042$2,803$1,910$1,284$476
32 years$5,471$3,824$2,615$1,756$1,162$414
33 years$5,247$3,622$2,442$1,615$1,051$360
34 years$5,037$3,433$2,282$1,486$952$313
35 years$4,840$3,256$2,133$1,368$862$273
36 years$4,654$3,090$1,995$1,259$781$237
37 years$4,478$2,935$1,868$1,160$708$207
38 years$4,312$2,789$1,749$1,070$642$180
39 years$4,155$2,652$1,639$986$582$156
40 years$4,006$2,524$1,536$910$528$136
41 years$3,865$2,402$1,440$839$479$119
42 years$3,730$2,288$1,351$775$435$103
43 years$3,603$2,180$1,268$715$394$90
44 years$3,481$2,078$1,190$660$358$78
45 years$3,366$1,981$1,117$610$325$68
46 years$3,255$1,890$1,049$563$295$59
47 years$3,150$1,804$986$520$268$52
48 years$3,049$1,722$926$481$243$45
49 years$2,953$1,644$871$444$221$39
50 years$2,861$1,571$819$411$201$34

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 $3,324 every year, while hoping to spend $38,267 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: 32/43/25 Blend
74$2,930,000$2,930,000$2,930,000$2,930,000
75$3,232,289$3,076,999$3,031,584$3,310,849
76$3,521,266$3,187,056$3,092,426$3,480,858
77$3,838,437$3,301,223$3,154,024$3,660,198
78$4,186,636$3,419,662$3,216,362$3,852,600
79$4,568,988$3,542,539$3,279,425$4,059,237
80$4,988,931$3,670,030$3,343,192$4,281,396
81$5,450,256$3,802,316$3,407,643$4,520,491
82$5,957,139$3,939,587$3,472,756$4,778,073
83$6,514,179$4,082,038$3,538,506$5,055,847
84$7,126,444$4,229,877$3,604,864$5,355,686
85$7,799,516$4,383,316$3,671,802$5,679,647
86$8,539,546$4,542,577$3,739,286$6,029,991
87$9,353,310$4,707,894$3,807,283$6,409,203
88$10,248,274$4,879,507$3,875,753$6,820,016
89$11,232,664$5,057,669$3,944,656$7,265,433
90$12,315,542$5,242,640$4,013,948$7,748,757
91$13,506,893$5,434,696$4,083,582$8,273,620
92$14,817,720$5,634,120$4,153,506$8,844,017
93$16,260,145$5,841,209$4,223,666$9,464,344
94$17,847,524$6,056,273$4,294,003$10,139,435
95$19,594,575$6,279,633$4,364,455$10,874,608
96$21,517,512$6,511,626$4,434,955$11,675,717
97$23,634,205$6,752,602$4,505,432$12,549,202
98$25,964,340$7,002,926$4,575,811$13,502,151
99$28,529,611$7,262,978$4,646,009$14,542,365
100$31,353,923$7,533,155$4,715,942$15,678,430