Can I retire at age 75 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$404,637$401,033$397,517$394,084$390,733$375,527
2 years$200,316$196,585$192,969$189,464$186,063$170,927
3 years$132,217$128,470$124,864$121,391$118,046$103,456
4 years$98,175$94,439$90,869$87,456$84,192$70,259
5 years$77,754$74,042$70,518$67,174$64,001$50,762
6 years$64,145$60,461$56,989$53,720$50,642$38,104
7 years$54,429$50,775$47,358$44,166$41,185$29,346
8 years$47,144$43,523$40,163$37,050$34,167$23,014
9 years$41,482$37,895$34,593$31,558$28,774$18,290
10 years$36,954$33,402$30,159$27,203$24,517$14,682
11 years$33,252$29,736$26,551$23,675$21,085$11,878
12 years$30,170$26,690$23,564$20,766$18,272$9,668
13 years$27,563$24,120$21,053$18,334$15,934$7,906
14 years$25,331$21,924$18,916$16,274$13,967$6,491
15 years$23,398$20,028$17,078$14,514$12,298$5,346
16 years$21,709$18,375$15,484$12,996$10,869$4,413
17 years$20,220$16,923$14,090$11,676$9,637$3,651
18 years$18,897$15,638$12,862$10,523$8,569$3,026
19 years$17,716$14,493$11,775$9,508$7,638$2,511
20 years$16,654$13,467$10,806$8,612$6,822$2,086
21 years$15,694$12,544$9,940$7,816$6,105$1,735
22 years$14,822$11,710$9,161$7,106$5,472$1,444
23 years$14,028$10,952$8,459$6,472$4,912$1,202
24 years$13,301$10,261$7,823$5,903$4,415$1,002
25 years$12,633$9,630$7,245$5,391$3,973$835
26 years$12,017$9,050$6,720$4,929$3,579$696
27 years$11,448$8,517$6,240$4,512$3,227$581
28 years$10,921$8,026$5,801$4,134$2,911$485
29 years$10,431$7,571$5,398$3,791$2,629$404
30 years$9,974$7,150$5,028$3,479$2,375$337
31 years$9,548$6,760$4,688$3,195$2,148$282
32 years$9,149$6,396$4,374$2,936$1,943$235
33 years$8,775$6,057$4,084$2,700$1,758$196
34 years$8,424$5,741$3,816$2,484$1,592$164
35 years$8,094$5,445$3,567$2,287$1,442$137
36 years$7,782$5,168$3,337$2,106$1,306$114
37 years$7,489$4,908$3,123$1,941$1,184$96
38 years$7,211$4,665$2,925$1,789$1,073$80
39 years$6,948$4,436$2,740$1,649$973$67
40 years$6,699$4,220$2,569$1,521$883$56
41 years$6,463$4,017$2,408$1,404$801$47
42 years$6,238$3,826$2,259$1,295$727$39
43 years$6,025$3,645$2,120$1,196$660$32
44 years$5,822$3,475$1,990$1,104$599$27
45 years$5,628$3,314$1,869$1,020$544$23
46 years$5,444$3,161$1,755$942$493$19
47 years$5,268$3,017$1,649$870$448$16
48 years$5,099$2,880$1,549$804$407$13
49 years$4,938$2,750$1,456$743$370$11
50 years$4,784$2,627$1,369$687$336$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $4,900,000, adding $2,934 every year, while hoping to spend $40,737 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: 51/22/27 Blend
74$4,900,000$4,900,000$4,900,000$4,900,000
75$5,402,826$5,143,126$5,067,176$5,637,180
76$5,910,571$5,351,796$5,193,583$6,009,304
77$6,468,740$5,569,325$5,322,859$6,409,379
78$7,082,434$5,796,104$5,455,057$6,843,614
79$7,757,272$6,032,543$5,590,231$7,315,276
80$8,499,445$6,279,069$5,728,435$7,827,958
81$9,315,774$6,536,129$5,869,724$8,385,612
82$10,213,774$6,804,190$6,014,151$8,992,586
83$11,201,726$7,083,742$6,161,771$9,653,661
84$12,288,752$7,375,296$6,312,641$10,374,097
85$13,484,906$7,679,386$6,466,815$11,159,684
86$14,801,262$7,996,572$6,624,349$12,016,792
87$16,250,024$8,327,438$6,785,298$12,952,428
88$17,844,640$8,672,595$6,949,719$13,974,309
89$19,599,926$9,032,685$7,117,667$15,090,923
90$21,532,207$9,408,376$7,289,198$16,311,617
91$23,659,474$9,800,367$7,464,368$17,646,679
92$26,001,547$10,209,393$7,643,232$19,107,434
93$28,580,270$10,636,218$7,825,845$20,706,348
94$31,419,709$11,081,644$8,012,262$22,457,150
95$34,546,385$11,546,510$8,202,538$24,374,954
96$37,989,520$12,031,693$8,396,727$26,476,400
97$41,781,317$12,538,112$8,594,883$28,779,813
98$45,957,258$13,066,726$8,797,059$31,305,373
99$50,556,444$13,618,541$9,003,306$34,075,302
100$55,621,960$14,194,609$9,213,676$37,114,071