Can I retire at age 75 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$94,140$93,302$92,483$91,685$90,905$90,106
2 years$46,604$45,736$44,895$44,079$43,288$42,483
3 years$30,761$29,889$29,050$28,242$27,464$26,677
4 years$22,841$21,972$21,141$20,347$19,587$18,826
5 years$18,090$17,226$16,406$15,628$14,890$14,155
6 years$14,924$14,066$13,259$12,498$11,782$11,075
7 years$12,663$11,813$11,018$10,275$9,582$8,904
8 years$10,968$10,126$9,344$8,620$7,949$7,299
9 years$9,651$8,816$8,048$7,342$6,694$6,072
10 years$8,597$7,771$7,017$6,329$5,704$5,110
11 years$7,736$6,918$6,177$5,508$4,906$4,339
12 years$7,019$6,209$5,482$4,831$4,251$3,711
13 years$6,413$5,612$4,898$4,265$3,707$3,193
14 years$5,893$5,101$4,401$3,786$3,250$2,761
15 years$5,444$4,660$3,973$3,377$2,861$2,398
16 years$5,051$4,275$3,602$3,023$2,529$2,089
17 years$4,704$3,937$3,278$2,717$2,242$1,826
18 years$4,397$3,638$2,992$2,448$1,994$1,600
19 years$4,122$3,372$2,739$2,212$1,777$1,405
20 years$3,874$3,133$2,514$2,004$1,587$1,236
21 years$3,651$2,918$2,313$1,818$1,420$1,089
22 years$3,448$2,724$2,131$1,653$1,273$961
23 years$3,264$2,548$1,968$1,506$1,143$850
24 years$3,094$2,387$1,820$1,373$1,027$752
25 years$2,939$2,240$1,686$1,254$924$665
26 years$2,796$2,106$1,563$1,147$833$590
27 years$2,664$1,982$1,452$1,050$751$523
28 years$2,541$1,867$1,350$962$677$464
29 years$2,427$1,762$1,256$882$612$412
30 years$2,321$1,664$1,170$809$553$366
31 years$2,221$1,573$1,091$743$500$325
32 years$2,129$1,488$1,018$683$452$289
33 years$2,042$1,409$950$628$409$257
34 years$1,960$1,336$888$578$370$229
35 years$1,883$1,267$830$532$335$204
36 years$1,811$1,202$776$490$304$182
37 years$1,742$1,142$727$451$275$162
38 years$1,678$1,085$681$416$250$144
39 years$1,616$1,032$638$384$226$128
40 years$1,559$982$598$354$205$114
41 years$1,504$935$560$327$186$102
42 years$1,451$890$526$301$169$91
43 years$1,402$848$493$278$153$81
44 years$1,354$808$463$257$139$72
45 years$1,309$771$435$237$126$64
46 years$1,267$735$408$219$115$57
47 years$1,226$702$384$202$104$51
48 years$1,186$670$360$187$95$46
49 years$1,149$640$339$173$86$41
50 years$1,113$611$319$160$78$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,140,000, adding $4,940 every year, while hoping to spend $34,152 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: 49/46/5 Blend
74$1,140,000$1,140,000$1,140,000$1,140,000
75$1,261,376$1,200,956$1,183,286$1,321,395
76$1,353,698$1,223,465$1,186,588$1,385,354
77$1,454,294$1,245,933$1,188,857$1,450,717
78$1,563,969$1,268,321$1,190,021$1,520,890
79$1,683,613$1,290,588$1,190,006$1,596,330
80$1,814,205$1,312,690$1,188,734$1,677,539
81$1,956,821$1,334,579$1,186,124$1,765,073
82$2,112,647$1,356,204$1,182,090$1,859,542
83$2,282,989$1,377,510$1,176,542$1,961,619
84$2,469,284$1,398,437$1,169,386$2,072,049
85$2,673,113$1,418,923$1,160,523$2,191,649
86$2,896,221$1,438,900$1,149,850$2,321,323
87$3,140,524$1,458,295$1,137,259$2,462,066
88$3,408,136$1,477,031$1,122,636$2,614,975
89$3,701,384$1,495,023$1,105,862$2,781,262
90$4,022,830$1,512,184$1,086,813$2,962,260
91$4,375,297$1,528,419$1,065,360$3,159,442
92$4,761,893$1,543,627$1,041,365$3,374,430
93$5,186,041$1,557,700$1,014,686$3,609,013
94$5,651,513$1,570,524$985,174$3,865,165
95$6,162,463$1,581,975$952,673$4,145,063
96$6,723,467$1,591,924$917,020$4,451,105
97$7,339,564$1,600,232$878,044$4,785,938
98$8,016,308$1,606,752$835,567$5,152,480
99$8,759,816$1,611,327$789,402$5,553,949
100$9,576,825$1,613,790$739,355$5,993,894