Can I retire at age 75 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$280,769$278,268$275,828$273,446$271,121$265,321
2 years$138,994$136,406$133,897$131,465$129,105$123,291
3 years$91,743$89,143$86,640$84,231$81,910$76,261
4 years$68,121$65,529$63,052$60,683$58,419$52,980
5 years$53,952$51,376$48,931$46,611$44,409$39,196
6 years$44,509$41,952$39,543$37,275$35,139$30,157
7 years$37,767$35,231$32,861$30,646$28,578$23,827
8 years$32,712$30,200$27,869$25,708$23,708$19,187
9 years$28,783$26,294$24,003$21,897$19,965$15,672
10 years$25,642$23,177$20,926$18,876$17,012$12,941
11 years$23,073$20,633$18,423$16,428$14,631$10,777
12 years$20,934$18,519$16,350$14,409$12,679$9,036
13 years$19,126$16,736$14,608$12,721$11,056$7,619
14 years$17,577$15,213$13,125$11,292$9,692$6,453
15 years$16,236$13,897$11,850$10,071$8,533$5,485
16 years$15,063$12,750$10,744$9,017$7,542$4,678
17 years$14,030$11,742$9,777$8,102$6,687$3,999
18 years$13,112$10,851$8,925$7,302$5,946$3,427
19 years$12,293$10,056$8,170$6,598$5,300$2,942
20 years$11,556$9,345$7,498$5,975$4,734$2,529
21 years$10,890$8,704$6,897$5,423$4,236$2,177
22 years$10,285$8,125$6,357$4,931$3,797$1,877
23 years$9,734$7,599$5,869$4,491$3,408$1,619
24 years$9,229$7,120$5,428$4,096$3,064$1,398
25 years$8,766$6,682$5,027$3,740$2,757$1,208
26 years$8,339$6,280$4,663$3,420$2,483$1,045
27 years$7,944$5,910$4,330$3,130$2,239$904
28 years$7,578$5,569$4,025$2,868$2,020$782
29 years$7,238$5,254$3,746$2,630$1,824$677
30 years$6,921$4,962$3,489$2,414$1,648$587
31 years$6,625$4,690$3,253$2,217$1,490$508
32 years$6,348$4,438$3,035$2,037$1,348$440
33 years$6,089$4,203$2,834$1,874$1,220$382
34 years$5,845$3,983$2,648$1,724$1,104$331
35 years$5,616$3,778$2,475$1,587$1,000$287
36 years$5,400$3,586$2,316$1,461$906$249
37 years$5,196$3,406$2,167$1,347$821$216
38 years$5,003$3,237$2,030$1,241$745$187
39 years$4,821$3,078$1,901$1,144$675$162
40 years$4,648$2,928$1,782$1,056$613$141
41 years$4,484$2,788$1,671$974$556$122
42 years$4,329$2,655$1,568$899$504$106
43 years$4,181$2,529$1,471$830$458$92
44 years$4,040$2,411$1,381$766$415$80
45 years$3,905$2,299$1,297$707$377$69
46 years$3,777$2,193$1,218$654$342$60
47 years$3,655$2,093$1,144$604$311$52
48 years$3,538$1,998$1,075$558$282$45
49 years$3,426$1,908$1,011$516$256$39
50 years$3,320$1,823$950$477$233$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $3,400,000, adding $2,451 every year, while hoping to spend $46,976 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: 82/5/13 Blend
74$3,400,000$3,400,000$3,400,000$3,400,000
75$3,749,328$3,569,128$3,516,428$4,047,465
76$4,081,778$3,694,033$3,584,246$4,368,292
77$4,446,562$3,823,484$3,652,762$4,714,063
78$4,846,931$3,957,655$3,721,949$5,092,332
79$5,286,462$4,096,724$3,791,779$5,506,338
80$5,769,098$4,240,880$3,862,220$5,959,648
81$6,299,180$4,390,317$3,933,238$6,456,192
82$6,881,491$4,545,238$4,004,797$7,000,298
83$7,521,302$4,705,853$4,076,856$7,596,735
84$8,224,418$4,872,383$4,149,374$8,250,752
85$8,997,234$5,045,054$4,222,303$8,968,137
86$9,846,795$5,224,106$4,295,593$9,755,261
87$10,780,865$5,409,784$4,369,192$10,619,145
88$11,807,995$5,602,345$4,443,042$11,567,523
89$12,937,608$5,802,058$4,517,082$12,608,916
90$14,180,086$6,009,200$4,591,246$13,752,711
91$15,546,866$6,224,062$4,665,464$15,009,249
92$17,050,550$6,446,945$4,739,661$16,389,923
93$18,705,024$6,678,163$4,813,757$17,907,289
94$20,525,587$6,918,043$4,887,668$19,575,176
95$22,529,096$7,166,927$4,961,304$21,408,822
96$24,734,124$7,425,167$5,034,569$23,425,019
97$27,161,138$7,693,133$5,107,360$25,642,266
98$29,832,687$7,971,210$5,179,570$28,080,945
99$32,773,620$8,259,798$5,251,084$30,763,515
100$36,011,315$8,559,313$5,321,781$33,714,724