Can I retire at age 75 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$132,127$130,950$129,801$128,681$127,586$126,412
2 years$65,409$64,191$63,010$61,866$60,755$59,572
3 years$43,173$41,950$40,772$39,638$38,546$37,390
4 years$32,057$30,837$29,671$28,557$27,491$26,372
5 years$25,389$24,177$23,026$21,934$20,898$19,820
6 years$20,945$19,742$18,609$17,541$16,536$15,499
7 years$17,773$16,579$15,464$14,422$13,448$12,453
8 years$15,394$14,212$13,115$12,098$11,157$10,203
9 years$13,545$12,374$11,296$10,305$9,396$8,483
10 years$12,067$10,907$9,848$8,883$8,005$7,134
11 years$10,858$9,710$8,670$7,731$6,885$6,054
12 years$9,851$8,715$7,694$6,781$5,966$5,175
13 years$9,000$7,876$6,874$5,986$5,203$4,450
14 years$8,271$7,159$6,177$5,314$4,561$3,845
15 years$7,640$6,540$5,577$4,739$4,016$3,337
16 years$7,089$6,000$5,056$4,243$3,549$2,906
17 years$6,602$5,526$4,601$3,813$3,147$2,538
18 years$6,171$5,106$4,200$3,436$2,798$2,222
19 years$5,785$4,732$3,845$3,105$2,494$1,950
20 years$5,438$4,398$3,529$2,812$2,228$1,714
21 years$5,124$4,096$3,246$2,552$1,993$1,510
22 years$4,840$3,824$2,991$2,320$1,787$1,331
23 years$4,581$3,576$2,762$2,113$1,604$1,175
24 years$4,343$3,351$2,554$1,927$1,442$1,039
25 years$4,125$3,144$2,366$1,760$1,297$919
26 years$3,924$2,955$2,194$1,609$1,169$814
27 years$3,738$2,781$2,038$1,473$1,054$721
28 years$3,566$2,621$1,894$1,350$951$640
29 years$3,406$2,472$1,763$1,238$858$568
30 years$3,257$2,335$1,642$1,136$776$504
31 years$3,118$2,207$1,531$1,043$701$447
32 years$2,987$2,088$1,428$959$634$398
33 years$2,865$1,978$1,333$882$574$353
34 years$2,751$1,875$1,246$811$520$314
35 years$2,643$1,778$1,165$747$471$279
36 years$2,541$1,688$1,090$688$427$249
37 years$2,445$1,603$1,020$634$387$221
38 years$2,355$1,523$955$584$350$197
39 years$2,269$1,448$895$539$318$175
40 years$2,187$1,378$839$497$288$156
41 years$2,110$1,312$786$458$262$139
42 years$2,037$1,249$738$423$237$124
43 years$1,967$1,190$692$390$215$110
44 years$1,901$1,135$650$361$195$98
45 years$1,838$1,082$610$333$177$87
46 years$1,778$1,032$573$308$161$78
47 years$1,720$985$538$284$146$69
48 years$1,665$940$506$263$133$62
49 years$1,612$898$476$243$121$55
50 years$1,562$858$447$224$110$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,600,000, adding $5,582 every year, while hoping to spend $31,635 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: 68/12/20 Blend
74$1,600,000$1,600,000$1,600,000$1,600,000
75$1,768,958$1,684,158$1,659,358$1,880,105
76$1,915,732$1,733,022$1,681,287$2,004,006
77$2,076,417$1,783,221$1,702,890$2,135,288
78$2,252,398$1,834,785$1,724,124$2,278,131
79$2,445,202$1,887,748$1,744,941$2,433,672
80$2,656,507$1,942,143$1,765,291$2,603,165
81$2,888,165$1,998,002$1,785,123$2,787,990
82$3,142,215$2,055,361$1,804,381$2,989,666
83$3,420,900$2,114,253$1,823,007$3,209,870
84$3,726,694$2,174,713$1,840,940$3,450,445
85$4,062,319$2,236,777$1,858,114$3,713,424
86$4,430,778$2,300,481$1,874,463$4,001,044
87$4,835,373$2,365,860$1,889,913$4,315,774
88$5,279,745$2,432,952$1,904,389$4,660,328
89$5,767,905$2,501,792$1,917,812$5,037,702
90$6,304,270$2,572,419$1,930,098$5,451,193
91$6,893,708$2,644,870$1,941,159$5,904,435
92$7,541,581$2,719,183$1,950,902$6,401,431
93$8,253,795$2,795,396$1,959,230$6,946,594
94$9,036,858$2,873,546$1,966,040$7,544,782
95$9,897,941$2,953,673$1,971,226$8,201,354
96$10,844,943$3,035,815$1,974,674$8,922,208
97$11,886,568$3,120,011$1,976,266$9,713,849
98$13,032,404$3,206,298$1,975,878$10,583,442
99$14,293,019$3,294,716$1,973,379$11,538,881
100$15,680,052$3,385,303$1,968,633$12,588,868