Can I retire at age 75 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$264,253$261,899$259,603$257,361$255,172$251,256
2 years$130,818$128,382$126,021$123,731$121,511$117,574
3 years$86,346$83,899$81,544$79,276$77,091$73,257
4 years$64,114$61,675$59,343$57,114$54,982$51,280
5 years$50,778$48,354$46,053$43,869$41,797$38,238
6 years$41,891$39,484$37,217$35,082$33,072$29,660
7 years$35,545$33,159$30,928$28,843$26,897$23,633
8 years$30,788$28,423$26,229$24,196$22,313$19,197
9 years$27,090$24,748$22,591$20,609$18,791$15,821
10 years$24,133$21,814$19,696$17,766$16,011$13,184
11 years$21,716$19,420$17,340$15,461$13,770$11,084
12 years$19,703$17,430$15,388$13,562$11,933$9,385
13 years$18,000$15,752$13,749$11,973$10,406$7,991
14 years$16,543$14,318$12,353$10,628$9,121$6,837
15 years$15,281$13,080$11,153$9,478$8,031$5,873
16 years$14,177$12,000$10,112$8,487$7,098$5,061
17 years$13,205$11,052$9,202$7,625$6,294$4,374
18 years$12,341$10,212$8,400$6,872$5,596$3,789
19 years$11,569$9,465$7,690$6,210$4,988$3,289
20 years$10,876$8,795$7,057$5,624$4,455$2,859
21 years$10,249$8,192$6,491$5,104$3,987$2,490
22 years$9,680$7,647$5,983$4,641$3,574$2,171
23 years$9,161$7,152$5,524$4,226$3,208$1,895
24 years$8,686$6,701$5,109$3,855$2,883$1,656
25 years$8,250$6,289$4,732$3,520$2,595$1,448
26 years$7,848$5,910$4,388$3,219$2,337$1,267
27 years$7,477$5,562$4,075$2,946$2,107$1,109
28 years$7,132$5,241$3,788$2,699$1,901$972
29 years$6,812$4,945$3,525$2,475$1,717$852
30 years$6,514$4,670$3,284$2,272$1,551$747
31 years$6,235$4,414$3,061$2,087$1,402$655
32 years$5,975$4,177$2,856$1,918$1,269$575
33 years$5,731$3,956$2,667$1,763$1,148$505
34 years$5,501$3,749$2,492$1,622$1,039$443
35 years$5,286$3,556$2,330$1,494$942$389
36 years$5,082$3,375$2,179$1,376$853$342
37 years$4,890$3,206$2,040$1,267$773$300
38 years$4,709$3,046$1,910$1,168$701$264
39 years$4,538$2,897$1,790$1,077$636$232
40 years$4,375$2,756$1,677$993$577$204
41 years$4,221$2,624$1,573$917$523$179
42 years$4,074$2,499$1,475$846$475$157
43 years$3,935$2,381$1,384$781$431$138
44 years$3,802$2,269$1,300$721$391$122
45 years$3,676$2,164$1,220$666$355$107
46 years$3,555$2,064$1,146$615$322$94
47 years$3,440$1,970$1,077$568$293$83
48 years$3,330$1,881$1,012$525$266$73
49 years$3,225$1,796$951$485$241$64
50 years$3,124$1,715$894$449$219$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $3,200,000, adding $5,639 every year, while hoping to spend $47,015 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: 60/11/29 Blend
74$3,200,000$3,200,000$3,200,000$3,200,000
75$3,532,217$3,362,617$3,313,017$3,716,031
76$3,842,479$3,477,361$3,373,979$3,956,949
77$4,182,813$3,596,153$3,435,408$4,214,216
78$4,556,235$3,719,139$3,497,270$4,493,979
79$4,966,069$3,846,476$3,559,527$4,798,443
80$5,415,978$3,978,323$3,622,140$5,130,034
81$5,909,993$4,114,846$3,685,067$5,491,427
82$6,452,558$4,256,219$3,748,262$5,885,564
83$7,048,566$4,402,621$3,811,677$6,315,689
84$7,703,409$4,554,239$3,875,257$6,785,373
85$8,423,027$4,711,266$3,938,949$7,298,547
86$9,213,963$4,873,905$4,002,690$7,859,544
87$10,083,425$5,042,365$4,066,419$8,473,135
88$11,039,357$5,216,863$4,130,066$9,144,577
89$12,090,507$5,397,625$4,193,559$9,879,660
90$13,246,516$5,584,886$4,256,820$10,684,762
91$14,518,005$5,778,890$4,319,769$11,566,909
92$15,916,678$5,979,892$4,382,317$12,533,843
93$17,455,427$6,188,154$4,444,372$13,594,091
94$19,148,458$6,403,951$4,505,836$14,757,050
95$21,011,425$6,627,569$4,566,606$16,033,070
96$23,061,574$6,859,304$4,626,571$17,433,558
97$25,317,908$7,099,463$4,685,615$18,971,078
98$27,801,366$7,348,368$4,743,614$20,659,475
99$30,535,019$7,606,352$4,800,439$22,514,005
100$33,544,289$7,873,761$4,855,951$24,551,474