Can I retire at age 75 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$244,434$242,257$240,132$238,059$236,035$227,389
2 years$121,007$118,753$116,569$114,451$112,397$103,783
3 years$79,870$77,607$75,428$73,330$71,310$62,998
4 years$59,306$57,049$54,892$52,830$50,859$42,912
5 years$46,970$44,727$42,599$40,579$38,662$31,102
6 years$38,749$36,523$34,426$32,451$30,592$23,424
7 years$32,879$30,672$28,608$26,680$24,879$18,102
8 years$28,479$26,292$24,262$22,381$20,640$14,247
9 years$25,058$22,892$20,897$19,064$17,382$11,364
10 years$22,323$20,178$18,218$16,433$14,810$9,157
11 years$20,087$17,963$16,039$14,302$12,737$7,437
12 years$18,225$16,123$14,234$12,545$11,038$6,078
13 years$16,650$14,570$12,717$11,075$9,625$4,991
14 years$15,302$13,244$11,427$9,831$8,437$4,115
15 years$14,135$12,099$10,317$8,768$7,429$3,403
16 years$13,114$11,100$9,354$7,850$6,566$2,822
17 years$12,214$10,223$8,511$7,054$5,822$2,345
18 years$11,416$9,446$7,770$6,357$5,176$1,952
19 years$10,702$8,755$7,113$5,744$4,614$1,627
20 years$10,060$8,135$6,528$5,202$4,121$1,358
21 years$9,480$7,578$6,004$4,721$3,688$1,135
22 years$8,954$7,074$5,534$4,293$3,306$949
23 years$8,474$6,616$5,110$3,909$2,967$794
24 years$8,035$6,199$4,726$3,566$2,667$665
25 years$7,631$5,817$4,377$3,256$2,400$557
26 years$7,260$5,467$4,059$2,977$2,162$466
27 years$6,916$5,145$3,769$2,725$1,949$391
28 years$6,597$4,848$3,504$2,497$1,759$328
29 years$6,301$4,574$3,261$2,290$1,588$275
30 years$6,025$4,319$3,037$2,101$1,435$231
31 years$5,768$4,083$2,832$1,930$1,297$193
32 years$5,527$3,864$2,642$1,774$1,173$162
33 years$5,301$3,659$2,467$1,631$1,062$136
34 years$5,089$3,468$2,305$1,501$962$114
35 years$4,889$3,289$2,155$1,382$871$96
36 years$4,701$3,122$2,016$1,272$789$80
37 years$4,524$2,965$1,887$1,172$715$68
38 years$4,356$2,818$1,767$1,081$648$57
39 years$4,197$2,680$1,655$996$588$48
40 years$4,047$2,549$1,552$919$533$40
41 years$3,904$2,427$1,455$848$484$34
42 years$3,769$2,311$1,365$782$439$28
43 years$3,640$2,202$1,281$722$398$24
44 years$3,517$2,099$1,202$667$362$20
45 years$3,400$2,002$1,129$616$328$17
46 years$3,288$1,909$1,060$569$298$14
47 years$3,182$1,822$996$526$271$12
48 years$3,080$1,740$936$486$246$10
49 years$2,983$1,661$880$449$223$8
50 years$2,890$1,587$827$415$203$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,960,000, adding $2,754 every year, while hoping to spend $24,910 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: 73/11/16 Blend
74$2,960,000$2,960,000$2,960,000$2,960,000
75$3,264,761$3,107,881$3,062,001$3,491,078
76$3,571,262$3,233,663$3,138,074$3,767,240
77$3,908,192$3,364,773$3,215,860$4,066,350
78$4,278,628$3,501,447$3,295,391$4,393,346
79$4,685,959$3,643,930$3,376,699$4,750,989
80$5,133,922$3,792,478$3,459,813$5,142,321
81$5,626,633$3,947,359$3,544,767$5,570,687
82$6,168,624$4,108,855$3,631,592$6,039,773
83$6,764,894$4,277,259$3,720,320$6,553,637
84$7,420,945$4,452,876$3,810,983$7,116,750
85$8,142,844$4,636,030$3,903,614$7,734,031
86$8,937,273$4,827,054$3,998,243$8,410,901
87$9,811,595$5,026,300$4,094,905$9,153,330
88$10,773,923$5,234,134$4,193,630$9,967,892
89$11,833,198$5,450,941$4,294,451$10,861,829
90$12,999,269$5,677,123$4,397,400$11,843,116
91$14,282,991$5,913,098$4,502,509$12,920,538
92$15,696,323$6,159,307$4,609,810$14,103,774
93$17,252,443$6,416,208$4,719,334$15,403,482
94$18,965,874$6,684,283$4,831,113$16,831,406
95$20,852,615$6,964,035$4,945,178$18,400,480
96$22,930,299$7,255,990$5,061,558$20,124,955
97$25,218,354$7,560,698$5,180,285$22,020,529
98$27,738,189$7,878,736$5,301,388$24,104,496
99$30,513,396$8,210,705$5,424,896$26,395,909
100$33,569,970$8,557,238$5,550,838$28,915,758