Can I retire at age 75 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$141,210$139,952$138,725$137,527$136,358$132,099
2 years$69,906$68,604$67,342$66,119$64,932$60,679
3 years$46,141$44,834$43,575$42,363$41,196$37,082
4 years$34,261$32,957$31,711$30,520$29,381$25,439
5 years$27,135$25,839$24,609$23,442$22,335$18,574
6 years$22,385$21,099$19,888$18,747$17,673$14,097
7 years$18,994$17,719$16,527$15,413$14,373$10,981
8 years$16,452$15,189$14,016$12,930$11,924$8,714
9 years$14,476$13,225$12,072$11,013$10,041$7,011
10 years$12,896$11,657$10,525$9,493$8,556$5,700
11 years$11,604$10,377$9,266$8,262$7,358$4,671
12 years$10,529$9,314$8,223$7,247$6,377$3,853
13 years$9,619$8,417$7,347$6,398$5,560$3,194
14 years$8,840$7,651$6,601$5,679$4,874$2,659
15 years$8,166$6,989$5,960$5,065$4,292$2,221
16 years$7,576$6,413$5,404$4,535$3,793$1,861
17 years$7,056$5,906$4,917$4,075$3,363$1,562
18 years$6,595$5,457$4,489$3,672$2,990$1,314
19 years$6,182$5,058$4,109$3,318$2,665$1,107
20 years$5,812$4,700$3,771$3,005$2,381$934
21 years$5,477$4,378$3,469$2,727$2,131$789
22 years$5,173$4,086$3,197$2,480$1,910$667
23 years$4,895$3,822$2,952$2,258$1,714$564
24 years$4,642$3,581$2,730$2,060$1,541$478
25 years$4,409$3,361$2,529$1,881$1,386$404
26 years$4,194$3,158$2,345$1,720$1,249$343
27 years$3,995$2,972$2,178$1,574$1,126$291
28 years$3,811$2,801$2,024$1,443$1,016$246
29 years$3,640$2,642$1,884$1,323$917$209
30 years$3,481$2,495$1,755$1,214$829$177
31 years$3,332$2,359$1,636$1,115$749$151
32 years$3,193$2,232$1,526$1,025$678$128
33 years$3,062$2,114$1,425$942$614$108
34 years$2,940$2,003$1,332$867$555$92
35 years$2,825$1,900$1,245$798$503$78
36 years$2,716$1,804$1,165$735$456$66
37 years$2,613$1,713$1,090$677$413$56
38 years$2,516$1,628$1,021$624$375$48
39 years$2,425$1,548$956$576$340$41
40 years$2,338$1,473$896$531$308$35
41 years$2,255$1,402$841$490$280$29
42 years$2,177$1,335$788$452$254$25
43 years$2,103$1,272$740$417$230$21
44 years$2,032$1,213$694$385$209$18
45 years$1,964$1,156$652$356$190$15
46 years$1,900$1,103$612$329$172$13
47 years$1,838$1,053$575$304$156$11
48 years$1,780$1,005$541$281$142$9
49 years$1,723$960$508$259$129$8
50 years$1,670$917$478$240$117$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,710,000, adding $3,909 every year, while hoping to spend $59,668 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: 67/6/27 Blend
74$1,710,000$1,710,000$1,710,000$1,710,000
75$1,888,452$1,797,822$1,771,317$2,001,428
76$2,017,588$1,822,429$1,767,170$2,102,589
77$2,157,896$1,846,242$1,760,884$2,206,089
78$2,310,452$1,869,159$1,752,325$2,317,948
79$2,476,442$1,891,071$1,741,351$2,438,992
80$2,657,167$1,911,862$1,727,815$2,570,137
81$2,854,063$1,931,408$1,711,561$2,712,389
82$3,068,706$1,949,576$1,692,428$2,866,861
83$3,302,835$1,966,226$1,670,244$3,034,779
84$3,558,360$1,981,206$1,644,833$3,217,495
85$3,837,385$1,994,358$1,616,008$3,416,500
86$4,142,228$2,005,511$1,583,573$3,633,441
87$4,475,437$2,014,483$1,547,325$3,870,132
88$4,839,821$2,021,082$1,507,049$4,128,573
89$5,238,470$2,025,102$1,462,523$4,410,974
90$5,674,789$2,026,327$1,413,513$4,719,766
91$6,152,525$2,024,525$1,359,773$5,057,637
92$6,675,805$2,019,450$1,301,048$5,427,545
93$7,249,176$2,010,841$1,237,072$5,832,758
94$7,877,642$1,998,423$1,167,564$6,276,874
95$8,566,717$1,981,901$1,092,233$6,763,866
96$9,322,473$1,960,965$1,010,773$7,298,111
97$10,151,597$1,935,284$922,866$7,884,439
98$11,061,456$1,904,509$828,178$8,528,173
99$12,060,164$1,868,269$726,362$9,235,185
100$13,156,659$1,826,173$617,053$10,011,947