Can I retire at age 75 with 4,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,800,000?

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$396,380$392,849$389,404$386,042$382,759$379,710
2 years$196,227$192,573$189,031$185,597$182,266$179,193
3 years$129,519$125,849$122,316$118,914$115,637$112,635
4 years$96,171$92,512$89,014$85,671$82,473$79,565
5 years$76,168$72,531$69,079$65,803$62,695$59,889
6 years$62,836$59,227$55,826$52,623$49,608$46,908
7 years$53,318$49,738$46,392$43,265$40,345$37,752
8 years$46,182$42,635$39,344$36,294$33,470$30,984
9 years$40,635$37,121$33,887$30,914$28,187$25,807
10 years$36,200$32,721$29,543$26,648$24,016$21,742
11 years$32,574$29,129$26,009$23,192$20,655$18,484
12 years$29,554$26,145$23,083$20,342$17,899$15,830
13 years$27,001$23,627$20,623$17,959$15,608$13,638
14 years$24,814$21,477$18,530$15,942$13,682$11,809
15 years$22,921$19,619$16,730$14,218$12,047$10,268
16 years$21,266$18,000$15,168$12,730$10,647$8,959
17 years$19,807$16,578$13,802$11,438$9,440$7,841
18 years$18,512$15,318$12,600$10,308$8,394$6,880
19 years$17,354$14,197$11,534$9,314$7,482$6,051
20 years$16,314$13,193$10,586$8,436$6,683$5,331
21 years$15,373$12,288$9,737$7,656$5,980$4,705
22 years$14,520$11,471$8,974$6,961$5,361$4,159
23 years$13,742$10,728$8,286$6,340$4,812$3,681
24 years$13,029$10,052$7,663$5,782$4,325$3,261
25 years$12,375$9,433$7,098$5,281$3,892$2,892
26 years$11,772$8,866$6,583$4,828$3,506$2,567
27 years$11,215$8,344$6,113$4,419$3,161$2,280
28 years$10,698$7,862$5,682$4,049$2,852$2,027
29 years$10,218$7,417$5,288$3,713$2,575$1,803
30 years$9,771$7,005$4,926$3,408$2,327$1,604
31 years$9,353$6,622$4,592$3,130$2,104$1,428
32 years$8,962$6,265$4,284$2,876$1,903$1,272
33 years$8,596$5,933$4,000$2,645$1,722$1,133
34 years$8,252$5,624$3,738$2,434$1,559$1,010
35 years$7,928$5,334$3,494$2,240$1,412$901
36 years$7,624$5,063$3,269$2,063$1,280$803
37 years$7,336$4,808$3,060$1,901$1,160$716
38 years$7,064$4,570$2,865$1,752$1,051$639
39 years$6,806$4,345$2,684$1,616$953$570
40 years$6,562$4,134$2,516$1,490$865$509
41 years$6,331$3,935$2,359$1,375$785$454
42 years$6,111$3,748$2,213$1,269$712$406
43 years$5,902$3,571$2,077$1,171$646$362
44 years$5,703$3,404$1,949$1,082$586$323
45 years$5,513$3,246$1,830$999$532$289
46 years$5,333$3,096$1,719$923$483$258
47 years$5,160$2,955$1,615$852$439$230
48 years$4,995$2,821$1,518$788$399$206
49 years$4,837$2,694$1,427$728$362$184
50 years$4,686$2,573$1,341$673$329$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $4,800,000, adding $3,583 every year, while hoping to spend $33,968 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: 45/36/19 Blend
74$4,800,000$4,800,000$4,800,000$4,800,000
75$5,293,296$5,038,896$4,964,496$5,502,429
76$5,797,070$5,249,660$5,094,665$5,860,189
77$6,351,091$5,469,613$5,228,056$6,244,264
78$6,960,448$5,699,170$5,364,741$6,660,056
79$7,630,748$5,938,763$5,504,794$7,110,524
80$8,368,169$6,188,848$5,648,290$7,598,918
81$9,179,518$6,449,897$5,795,303$8,128,807
82$10,072,296$6,722,408$5,945,912$8,704,114
83$11,054,765$7,006,902$6,100,196$9,329,148
84$12,136,032$7,303,920$6,258,233$10,008,646
85$13,326,129$7,614,034$6,420,105$10,747,815
86$14,636,110$7,937,838$6,585,895$11,552,377
87$16,078,158$8,275,957$6,755,687$12,428,625
88$17,665,693$8,629,041$6,929,565$13,383,478
89$19,413,504$8,997,775$7,107,617$14,424,545
90$21,337,889$9,382,874$7,289,929$15,560,195
91$23,456,803$9,785,084$7,476,592$16,799,632
92$25,790,034$10,205,190$7,667,695$18,152,983
93$28,359,385$10,644,012$7,863,329$19,631,387
94$31,188,880$11,102,406$8,063,589$21,247,101
95$34,304,995$11,581,273$8,268,568$23,013,611
96$37,736,901$12,081,552$8,478,361$24,945,757
97$41,516,744$12,604,227$8,693,066$27,059,873
98$45,679,947$13,150,330$8,912,779$29,373,933
99$50,265,546$13,720,940$9,137,601$31,907,721
100$55,316,551$14,317,186$9,367,630$34,683,013