Can I retire at age 75 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$255,995$253,715$251,490$249,319$247,198$241,713
2 years$126,730$124,370$122,083$119,865$117,714$112,216
3 years$83,648$81,277$78,996$76,799$74,682$69,344
4 years$62,110$59,747$57,489$55,329$53,264$48,126
5 years$49,192$46,843$44,613$42,498$40,490$35,567
6 years$40,582$38,251$36,054$33,986$32,039$27,335
7 years$34,434$32,123$29,961$27,942$26,056$21,573
8 years$29,826$27,535$25,410$23,440$21,616$17,352
9 years$26,243$23,974$21,885$19,965$18,204$14,156
10 years$23,379$21,132$19,080$17,210$15,511$11,674
11 years$21,037$18,813$16,798$14,978$13,340$9,710
12 years$19,087$16,885$14,908$13,138$11,560$8,131
13 years$17,438$15,259$13,319$11,599$10,080$6,847
14 years$16,026$13,870$11,967$10,296$8,836$5,791
15 years$14,803$12,671$10,805$9,182$7,780$4,916
16 years$13,734$11,625$9,796$8,222$6,876$4,186
17 years$12,792$10,706$8,914$7,387$6,097$3,574
18 years$11,956$9,893$8,137$6,657$5,421$3,058
19 years$11,208$9,169$7,449$6,015$4,832$2,621
20 years$10,536$8,520$6,837$5,448$4,316$2,250
21 years$9,929$7,936$6,288$4,945$3,862$1,934
22 years$9,377$7,408$5,796$4,496$3,462$1,665
23 years$8,875$6,929$5,351$4,094$3,108$1,434
24 years$8,415$6,492$4,949$3,734$2,793$1,236
25 years$7,992$6,092$4,584$3,410$2,514$1,066
26 years$7,603$5,726$4,251$3,118$2,264$921
27 years$7,243$5,389$3,948$2,854$2,041$795
28 years$6,909$5,078$3,670$2,615$1,842$687
29 years$6,599$4,790$3,415$2,398$1,663$594
30 years$6,310$4,524$3,181$2,201$1,503$514
31 years$6,041$4,276$2,966$2,021$1,359$444
32 years$5,788$4,046$2,767$1,858$1,229$384
33 years$5,552$3,832$2,584$1,708$1,112$333
34 years$5,329$3,632$2,414$1,572$1,007$288
35 years$5,120$3,445$2,257$1,447$912$249
36 years$4,924$3,270$2,111$1,333$826$216
37 years$4,738$3,105$1,976$1,228$749$187
38 years$4,562$2,951$1,850$1,132$679$162
39 years$4,396$2,806$1,734$1,043$616$140
40 years$4,238$2,670$1,625$962$559$121
41 years$4,089$2,542$1,524$888$507$105
42 years$3,947$2,420$1,429$819$460$91
43 years$3,812$2,306$1,341$756$417$79
44 years$3,683$2,198$1,259$698$379$68
45 years$3,561$2,096$1,182$645$344$59
46 years$3,444$2,000$1,110$596$312$51
47 years$3,333$1,908$1,043$550$283$44
48 years$3,226$1,822$980$509$257$38
49 years$3,124$1,740$921$470$234$33
50 years$3,027$1,662$866$435$212$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $3,100,000, adding $4,925 every year, while hoping to spend $24,770 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: 49/23/28 Blend
74$3,100,000$3,100,000$3,100,000$3,100,000
75$3,421,280$3,256,980$3,208,930$3,561,476
76$3,743,896$3,390,217$3,290,074$3,793,530
77$4,098,588$3,529,152$3,373,106$4,042,664
78$4,488,602$3,674,039$3,458,064$4,312,866
79$4,917,515$3,825,142$3,544,984$4,606,142
80$5,389,265$3,982,738$3,633,905$4,924,697
81$5,908,194$4,147,117$3,724,865$5,270,957
82$6,479,085$4,318,580$3,817,903$5,647,587
83$7,107,206$4,497,445$3,913,057$6,057,521
84$7,798,364$4,684,043$4,010,368$6,503,986
85$8,558,956$4,878,720$4,109,874$6,990,530
86$9,396,032$5,081,839$4,211,617$7,521,061
87$10,317,357$5,293,779$4,315,636$8,099,873
88$11,331,489$5,514,936$4,421,971$8,731,697
89$12,447,858$5,745,726$4,530,665$9,421,736
90$13,676,855$5,986,581$4,641,757$10,175,716
91$15,029,928$6,237,957$4,755,290$10,999,942
92$16,519,692$6,500,329$4,871,303$11,901,353
93$18,160,049$6,774,193$4,989,840$12,887,586
94$19,966,315$7,060,070$5,110,941$13,967,051
95$21,955,370$7,358,504$5,234,648$15,149,005
96$24,145,811$7,670,064$5,361,003$16,443,640
97$26,558,134$7,995,348$5,490,047$17,862,179
98$29,214,922$8,334,978$5,621,821$19,416,979
99$32,141,060$8,689,607$5,756,368$21,121,648
100$35,363,969$9,059,920$5,893,728$22,991,168