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%11.9%
1 years$255,995$253,715$251,490$249,319$247,198$245,230
2 years$126,730$124,370$122,083$119,865$117,714$115,729
3 years$83,648$81,277$78,996$76,799$74,682$72,743
4 years$62,110$59,747$57,489$55,329$53,264$51,386
5 years$49,192$46,843$44,613$42,498$40,490$38,678
6 years$40,582$38,251$36,054$33,986$32,039$30,295
7 years$34,434$32,123$29,961$27,942$26,056$24,382
8 years$29,826$27,535$25,410$23,440$21,616$20,011
9 years$26,243$23,974$21,885$19,965$18,204$16,667
10 years$23,379$21,132$19,080$17,210$15,511$14,042
11 years$21,037$18,813$16,798$14,978$13,340$11,938
12 years$19,087$16,885$14,908$13,138$11,560$10,223
13 years$17,438$15,259$13,319$11,599$10,080$8,808
14 years$16,026$13,870$11,967$10,296$8,836$7,627
15 years$14,803$12,671$10,805$9,182$7,780$6,631
16 years$13,734$11,625$9,796$8,222$6,876$5,786
17 years$12,792$10,706$8,914$7,387$6,097$5,064
18 years$11,956$9,893$8,137$6,657$5,421$4,444
19 years$11,208$9,169$7,449$6,015$4,832$3,908
20 years$10,536$8,520$6,837$5,448$4,316$3,443
21 years$9,929$7,936$6,288$4,945$3,862$3,039
22 years$9,377$7,408$5,796$4,496$3,462$2,686
23 years$8,875$6,929$5,351$4,094$3,108$2,377
24 years$8,415$6,492$4,949$3,734$2,793$2,106
25 years$7,992$6,092$4,584$3,410$2,514$1,868
26 years$7,603$5,726$4,251$3,118$2,264$1,658
27 years$7,243$5,389$3,948$2,854$2,041$1,473
28 years$6,909$5,078$3,670$2,615$1,842$1,309
29 years$6,599$4,790$3,415$2,398$1,663$1,164
30 years$6,310$4,524$3,181$2,201$1,503$1,036
31 years$6,041$4,276$2,966$2,021$1,359$922
32 years$5,788$4,046$2,767$1,858$1,229$822
33 years$5,552$3,832$2,584$1,708$1,112$732
34 years$5,329$3,632$2,414$1,572$1,007$652
35 years$5,120$3,445$2,257$1,447$912$582
36 years$4,924$3,270$2,111$1,333$826$519
37 years$4,738$3,105$1,976$1,228$749$463
38 years$4,562$2,951$1,850$1,132$679$413
39 years$4,396$2,806$1,734$1,043$616$368
40 years$4,238$2,670$1,625$962$559$329
41 years$4,089$2,542$1,524$888$507$293
42 years$3,947$2,420$1,429$819$460$262
43 years$3,812$2,306$1,341$756$417$234
44 years$3,683$2,198$1,259$698$379$209
45 years$3,561$2,096$1,182$645$344$186
46 years$3,444$2,000$1,110$596$312$166
47 years$3,333$1,908$1,043$550$283$149
48 years$3,226$1,822$980$509$257$133
49 years$3,124$1,740$921$470$234$119
50 years$3,027$1,662$866$435$212$106

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 $2,327 every year, while hoping to spend $46,848 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: 36/39/25 Blend
74$3,100,000$3,100,000$3,100,000$3,100,000
75$3,418,600$3,254,300$3,206,250$3,515,855
76$3,717,452$3,363,915$3,263,814$3,697,487
77$4,045,216$3,477,331$3,321,735$3,888,983
78$4,404,792$3,594,684$3,379,978$4,094,797
79$4,799,374$3,716,118$3,438,501$4,316,244
80$5,232,481$3,841,778$3,497,261$4,554,768
81$5,707,987$3,971,818$3,556,212$4,811,957
82$6,230,161$4,106,396$3,615,305$5,089,557
83$6,803,706$4,245,678$3,674,486$5,389,487
84$7,433,801$4,389,834$3,733,698$5,713,858
85$8,126,154$4,539,040$3,792,882$6,064,991
86$8,887,051$4,693,483$3,851,973$6,445,439
87$9,723,418$4,853,351$3,910,902$6,858,010
88$10,642,886$5,018,845$3,969,597$7,305,794
89$11,653,863$5,190,170$4,027,980$7,792,190
90$12,765,608$5,367,541$4,085,969$8,320,939
91$13,988,328$5,551,178$4,143,477$8,896,159
92$15,333,265$5,741,313$4,200,411$9,522,380
93$16,812,807$5,938,186$4,256,674$10,204,588
94$18,440,602$6,142,046$4,312,161$10,948,275
95$20,231,688$6,353,151$4,366,763$11,759,484
96$22,202,634$6,571,769$4,420,363$12,644,868
97$24,371,697$6,798,180$4,472,840$13,611,751
98$26,758,993$7,032,674$4,524,063$14,668,201
99$29,386,686$7,275,551$4,573,895$15,823,098
100$32,279,200$7,527,125$4,622,193$17,086,222