Can I retire at age 75 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$487,216$482,877$478,642$474,510$470,474$452,523
2 years$241,196$236,704$232,351$228,130$224,035$206,161
3 years$159,200$154,689$150,346$146,165$142,137$124,902
4 years$118,210$113,713$109,414$105,304$101,373$84,909
5 years$93,623$89,152$84,909$80,883$77,063$61,411
6 years$77,236$72,799$68,619$64,683$60,977$46,149
7 years$65,536$61,137$57,023$53,179$49,591$35,582
8 years$56,765$52,406$48,360$44,611$41,140$27,937
9 years$49,947$45,628$41,653$37,999$34,646$22,230
10 years$44,496$40,219$36,314$32,755$29,520$17,868
11 years$40,038$35,805$31,970$28,507$25,388$14,474
12 years$36,327$32,136$28,373$25,004$22,001$11,796
13 years$33,188$29,042$25,349$22,075$19,185$9,661
14 years$30,501$26,398$22,776$19,596$16,818$7,942
15 years$28,174$24,115$20,564$17,476$14,808$6,550
16 years$26,139$22,125$18,644$15,648$13,087$5,416
17 years$24,346$20,377$16,965$14,059$11,604$4,487
18 years$22,754$18,829$15,487$12,670$10,318$3,724
19 years$21,331$17,450$14,178$11,449$9,196$3,095
20 years$20,052$16,216$13,012$10,369$8,214$2,575
21 years$18,897$15,104$11,968$9,411$7,351$2,145
22 years$17,847$14,099$11,031$8,556$6,589$1,788
23 years$16,891$13,187$10,185$7,792$5,915$1,491
24 years$16,015$12,355$9,419$7,107$5,316$1,244
25 years$15,211$11,595$8,724$6,491$4,784$1,039
26 years$14,470$10,897$8,091$5,935$4,309$868
27 years$13,785$10,256$7,513$5,432$3,885$725
28 years$13,150$9,664$6,985$4,977$3,506$606
29 years$12,560$9,117$6,500$4,564$3,165$506
30 years$12,010$8,610$6,054$4,189$2,860$423
31 years$11,497$8,139$5,644$3,847$2,586$354
32 years$11,016$7,701$5,266$3,535$2,339$296
33 years$10,566$7,293$4,917$3,251$2,117$248
34 years$10,143$6,912$4,594$2,991$1,917$207
35 years$9,745$6,556$4,295$2,754$1,736$173
36 years$9,371$6,223$4,018$2,536$1,573$145
37 years$9,017$5,910$3,761$2,337$1,426$121
38 years$8,682$5,617$3,522$2,154$1,292$101
39 years$8,366$5,341$3,300$1,986$1,172$85
40 years$8,066$5,082$3,093$1,832$1,063$71
41 years$7,782$4,837$2,900$1,690$964$59
42 years$7,512$4,607$2,720$1,560$875$50
43 years$7,255$4,389$2,553$1,440$794$42
44 years$7,010$4,184$2,396$1,329$721$35
45 years$6,777$3,990$2,250$1,228$654$29
46 years$6,555$3,806$2,113$1,134$594$24
47 years$6,343$3,632$1,985$1,048$540$20
48 years$6,140$3,467$1,866$968$490$17
49 years$5,946$3,311$1,754$895$445$14
50 years$5,760$3,163$1,649$827$404$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $5,900,000, adding $3,979 every year, while hoping to spend $40,621 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: 77/13/10 Blend
74$5,900,000$5,900,000$5,900,000$5,900,000
75$6,505,904$6,193,204$6,101,754$6,995,341
76$7,126,286$6,453,451$6,262,943$7,578,086
77$7,808,585$6,725,088$6,428,169$8,211,283
78$8,559,075$7,008,631$6,597,527$8,904,398
79$9,384,666$7,304,619$6,771,109$9,663,376
80$10,292,973$7,613,617$6,949,012$10,494,767
81$11,292,386$7,936,214$7,131,334$11,405,780
82$12,392,149$8,273,028$7,318,174$12,404,355
83$13,602,448$8,624,707$7,509,633$13,499,233
84$14,934,507$8,991,926$7,705,814$14,700,040
85$16,400,690$9,375,394$7,906,822$16,017,377
86$18,014,624$9,775,852$8,112,765$17,462,918
87$19,791,323$10,194,076$8,323,750$19,049,521
88$21,747,331$10,630,878$8,539,888$20,791,345
89$23,900,876$11,087,109$8,761,291$22,703,987
90$26,272,045$11,563,657$8,988,074$24,804,623
91$28,882,971$12,061,454$9,220,353$27,112,175
92$31,758,044$12,581,475$9,458,245$29,647,482
93$34,924,139$13,124,741$9,701,870$32,433,501
94$38,410,868$13,692,321$9,951,349$35,495,518
95$42,250,865$14,285,333$10,206,808$38,861,390
96$46,480,087$14,904,948$10,468,369$42,561,800
97$51,138,158$15,552,392$10,736,162$46,630,551
98$56,268,741$16,228,950$11,010,314$51,104,882
99$61,919,950$16,935,966$11,290,957$56,025,817
100$68,144,804$17,674,848$11,578,223$61,438,550