Can I retire at age 75 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$100,746$99,849$98,974$98,119$97,285$95,281
2 years$49,874$48,946$48,045$47,173$46,326$44,317
3 years$32,919$31,987$31,089$30,224$29,391$27,439
4 years$24,443$23,513$22,625$21,775$20,962$19,082
5 years$19,359$18,435$17,558$16,725$15,935$14,132
6 years$15,971$15,053$14,189$13,375$12,609$10,885
7 years$13,552$12,642$11,791$10,996$10,254$8,610
8 years$11,738$10,836$10,000$9,225$8,507$6,941
9 years$10,328$9,435$8,613$7,857$7,164$5,676
10 years$9,201$8,317$7,509$6,773$6,104$4,693
11 years$8,279$7,404$6,611$5,895$5,250$3,913
12 years$7,512$6,645$5,867$5,170$4,549$3,285
13 years$6,863$6,005$5,242$4,565$3,967$2,774
14 years$6,307$5,459$4,710$4,052$3,478$2,352
15 years$5,826$4,987$4,252$3,614$3,062$2,003
16 years$5,405$4,575$3,855$3,236$2,706$1,710
17 years$5,034$4,213$3,508$2,907$2,399$1,464
18 years$4,705$3,893$3,202$2,620$2,133$1,256
19 years$4,411$3,608$2,932$2,367$1,902$1,080
20 years$4,146$3,353$2,691$2,144$1,699$930
21 years$3,907$3,123$2,475$1,946$1,520$802
22 years$3,690$2,915$2,281$1,769$1,362$692
23 years$3,493$2,727$2,106$1,611$1,223$598
24 years$3,312$2,555$1,948$1,470$1,099$517
25 years$3,145$2,398$1,804$1,342$989$448
26 years$2,992$2,253$1,673$1,227$891$388
27 years$2,850$2,121$1,554$1,123$803$336
28 years$2,719$1,998$1,444$1,029$725$291
29 years$2,597$1,885$1,344$944$655$253
30 years$2,483$1,780$1,252$866$591$219
31 years$2,377$1,683$1,167$795$535$190
32 years$2,278$1,592$1,089$731$484$165
33 years$2,185$1,508$1,017$672$438$143
34 years$2,097$1,429$950$619$396$124
35 years$2,015$1,356$888$569$359$108
36 years$1,938$1,287$831$524$325$94
37 years$1,864$1,222$778$483$295$82
38 years$1,795$1,161$728$445$267$71
39 years$1,730$1,104$682$411$242$62
40 years$1,668$1,051$640$379$220$54
41 years$1,609$1,000$600$349$199$47
42 years$1,553$953$563$323$181$40
43 years$1,500$908$528$298$164$35
44 years$1,450$865$495$275$149$31
45 years$1,401$825$465$254$135$27
46 years$1,355$787$437$234$123$23
47 years$1,312$751$411$217$112$20
48 years$1,270$717$386$200$101$17
49 years$1,230$685$363$185$92$15
50 years$1,191$654$341$171$84$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,220,000, adding $4,014 every year, while hoping to spend $21,106 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: 66/13/21 Blend
74$1,220,000$1,220,000$1,220,000$1,220,000
75$1,348,580$1,283,920$1,265,010$1,430,155
76$1,463,679$1,324,376$1,284,932$1,525,856
77$1,589,810$1,366,106$1,304,813$1,627,657
78$1,728,077$1,409,152$1,324,630$1,738,451
79$1,879,695$1,453,554$1,344,359$1,859,123
80$2,046,001$1,499,355$1,363,973$1,990,647
81$2,228,470$1,546,600$1,383,442$2,134,093
82$2,428,724$1,595,334$1,402,738$2,290,642
83$2,648,552$1,645,604$1,421,828$2,461,595
84$2,889,924$1,697,458$1,440,679$2,648,383
85$3,155,009$1,750,947$1,459,254$2,852,584
86$3,446,198$1,806,121$1,477,517$3,075,934
87$3,766,123$1,863,034$1,495,427$3,320,349
88$4,117,686$1,921,741$1,512,942$3,587,935
89$4,504,082$1,982,298$1,530,018$3,881,015
90$4,928,832$2,044,764$1,546,607$4,202,148
91$5,395,814$2,109,198$1,562,659$4,554,153
92$5,909,301$2,175,664$1,578,123$4,940,134
93$6,474,003$2,244,224$1,592,943$5,363,512
94$7,095,106$2,314,946$1,607,061$5,828,058
95$7,778,325$2,387,896$1,620,416$6,337,923
96$8,529,957$2,463,146$1,632,943$6,897,684
97$9,356,940$2,540,768$1,644,574$7,512,381
98$10,266,919$2,620,836$1,655,238$8,187,570
99$11,268,316$2,703,429$1,664,860$8,929,371
100$12,370,412$2,788,625$1,673,361$9,744,527