Can I retire at age 75 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$128,823$127,676$126,556$125,464$124,397$120,222
2 years$63,774$62,586$61,435$60,319$59,236$55,072
3 years$42,094$40,901$39,753$38,647$37,582$33,558
4 years$31,256$30,066$28,930$27,843$26,804$22,952
5 years$24,754$23,572$22,451$21,386$20,376$16,705
6 years$20,422$19,249$18,143$17,103$16,123$12,637
7 years$17,328$16,165$15,077$14,061$13,112$9,810
8 years$15,009$13,856$12,787$11,795$10,878$7,758
9 years$13,206$12,064$11,013$10,047$9,161$6,218
10 years$11,765$10,634$9,602$8,661$7,805$5,036
11 years$10,586$9,467$8,453$7,537$6,713$4,112
12 years$9,605$8,497$7,502$6,611$5,817$3,378
13 years$8,775$7,679$6,702$5,837$5,073$2,789
14 years$8,065$6,980$6,022$5,181$4,447$2,312
15 years$7,449$6,376$5,437$4,621$3,915$1,923
16 years$6,911$5,850$4,930$4,137$3,460$1,604
17 years$6,437$5,388$4,486$3,717$3,068$1,341
18 years$6,016$4,979$4,095$3,350$2,728$1,123
19 years$5,640$4,614$3,749$3,027$2,432$942
20 years$5,302$4,288$3,440$2,742$2,172$791
21 years$4,996$3,994$3,164$2,488$1,944$665
22 years$4,719$3,728$2,917$2,262$1,742$559
23 years$4,466$3,487$2,693$2,060$1,564$471
24 years$4,235$3,267$2,491$1,879$1,406$397
25 years$4,022$3,066$2,307$1,716$1,265$334
26 years$3,826$2,881$2,139$1,569$1,139$282
27 years$3,645$2,712$1,987$1,436$1,027$238
28 years$3,477$2,555$1,847$1,316$927$201
29 years$3,321$2,411$1,719$1,207$837$170
30 years$3,175$2,276$1,601$1,108$756$143
31 years$3,040$2,152$1,492$1,017$684$121
32 years$2,913$2,036$1,392$935$618$102
33 years$2,794$1,928$1,300$860$560$86
34 years$2,682$1,828$1,215$791$507$73
35 years$2,577$1,733$1,136$728$459$62
36 years$2,478$1,645$1,062$671$416$52
37 years$2,384$1,563$994$618$377$44
38 years$2,296$1,485$931$569$342$37
39 years$2,212$1,412$872$525$310$31
40 years$2,133$1,344$818$484$281$27
41 years$2,058$1,279$767$447$255$22
42 years$1,986$1,218$719$412$231$19
43 years$1,918$1,161$675$381$210$16
44 years$1,854$1,106$634$351$191$14
45 years$1,792$1,055$595$325$173$11
46 years$1,733$1,006$559$300$157$10
47 years$1,677$960$525$277$143$8
48 years$1,623$917$493$256$130$7
49 years$1,572$875$464$237$118$6
50 years$1,523$836$436$219$107$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,560,000, adding $4,154 every year, while hoping to spend $43,574 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: 76/8/16 Blend
74$1,560,000$1,560,000$1,560,000$1,560,000
75$1,723,405$1,640,725$1,616,545$1,848,016
76$1,852,830$1,674,758$1,624,337$1,964,952
77$1,993,996$1,708,998$1,630,929$2,087,272
78$2,148,054$1,743,410$1,636,236$2,220,195
79$2,316,272$1,777,954$1,640,167$2,364,765
80$2,500,046$1,812,588$1,642,627$2,522,132
81$2,700,912$1,847,265$1,643,515$2,693,561
82$2,920,560$1,881,937$1,642,728$2,880,448
83$3,160,853$1,916,548$1,640,156$3,084,331
84$3,423,842$1,951,041$1,635,683$3,306,902
85$3,711,784$1,985,352$1,629,189$3,550,027
86$4,027,166$2,019,413$1,620,546$3,815,762
87$4,372,725$2,053,153$1,609,622$4,106,372
88$4,751,476$2,086,491$1,596,278$4,424,354
89$5,166,742$2,119,344$1,580,369$4,772,457
90$5,622,179$2,151,621$1,561,740$5,153,713
91$6,121,816$2,183,225$1,540,233$5,571,460
92$6,670,090$2,214,053$1,515,681$6,029,380
93$7,271,890$2,243,992$1,487,907$6,531,528
94$7,932,599$2,272,924$1,456,728$7,082,372
95$8,658,149$2,300,721$1,421,952$7,686,837
96$9,455,071$2,327,248$1,383,379$8,350,352
97$10,330,564$2,352,359$1,340,798$9,078,897
98$11,292,556$2,375,899$1,293,989$9,879,063
99$12,349,783$2,397,704$1,242,723$10,758,114
100$13,511,865$2,417,596$1,186,760$11,724,056