Can I retire at age 75 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$143,688$142,408$141,159$139,940$138,750$136,451
2 years$71,132$69,808$68,524$67,279$66,071$63,762
3 years$46,951$45,620$44,339$43,106$41,918$39,671
4 years$34,862$33,536$32,268$31,056$29,897$27,728
5 years$27,611$26,292$25,041$23,854$22,727$20,643
6 years$22,778$21,470$20,237$19,076$17,983$15,986
7 years$19,328$18,030$16,817$15,683$14,625$12,716
8 years$16,741$15,455$14,262$13,156$12,133$10,312
9 years$14,730$13,457$12,284$11,206$10,218$8,483
10 years$13,122$11,861$10,709$9,660$8,706$7,056
11 years$11,808$10,559$9,428$8,407$7,487$5,921
12 years$10,713$9,478$8,367$7,374$6,488$5,004
13 years$9,788$8,565$7,476$6,510$5,658$4,252
14 years$8,995$7,785$6,717$5,779$4,960$3,631
15 years$8,309$7,112$6,065$5,154$4,367$3,112
16 years$7,709$6,525$5,498$4,615$3,860$2,677
17 years$7,180$6,009$5,003$4,146$3,422$2,308
18 years$6,711$5,553$4,567$3,737$3,043$1,995
19 years$6,291$5,146$4,181$3,376$2,712$1,728
20 years$5,914$4,782$3,837$3,058$2,423$1,499
21 years$5,573$4,455$3,530$2,775$2,168$1,302
22 years$5,263$4,158$3,253$2,523$1,943$1,133
23 years$4,981$3,889$3,004$2,298$1,744$987
24 years$4,723$3,644$2,778$2,096$1,568$860
25 years$4,486$3,419$2,573$1,914$1,411$750
26 years$4,267$3,214$2,386$1,750$1,271$655
27 years$4,065$3,025$2,216$1,602$1,146$572
28 years$3,878$2,850$2,060$1,468$1,034$500
29 years$3,704$2,689$1,917$1,346$934$437
30 years$3,542$2,539$1,786$1,235$843$382
31 years$3,391$2,400$1,665$1,135$763$335
32 years$3,249$2,271$1,553$1,043$690$293
33 years$3,116$2,151$1,450$959$624$256
34 years$2,991$2,039$1,355$882$565$225
35 years$2,874$1,934$1,267$812$512$197
36 years$2,764$1,835$1,185$748$464$172
37 years$2,659$1,743$1,109$689$420$151
38 years$2,561$1,656$1,039$635$381$132
39 years$2,467$1,575$973$586$346$116
40 years$2,379$1,499$912$540$313$102
41 years$2,295$1,427$855$498$284$89
42 years$2,215$1,359$802$460$258$78
43 years$2,139$1,294$753$425$234$69
44 years$2,067$1,234$707$392$213$60
45 years$1,999$1,177$664$362$193$53
46 years$1,933$1,122$623$334$175$46
47 years$1,871$1,071$585$309$159$41
48 years$1,811$1,023$550$286$145$36
49 years$1,754$977$517$264$131$31
50 years$1,699$933$486$244$119$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,740,000, adding $6,234 every year, while hoping to spend $26,334 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: 54/21/25 Blend
74$1,740,000$1,740,000$1,740,000$1,740,000
75$1,923,910$1,831,690$1,804,720$2,014,204
76$2,092,130$1,893,424$1,837,159$2,138,829
77$2,276,626$1,957,300$1,869,802$2,271,190
78$2,479,029$2,023,396$1,902,629$2,414,745
79$2,701,139$2,091,791$1,935,615$2,570,577
80$2,944,935$2,162,568$1,968,739$2,739,876
81$3,212,599$2,235,815$2,001,972$2,923,954
82$3,506,535$2,311,620$2,035,289$3,124,252
83$3,829,388$2,390,077$2,068,658$3,342,359
84$4,184,077$2,471,281$2,102,048$3,580,024
85$4,573,812$2,555,333$2,135,426$3,839,171
86$5,002,133$2,642,337$2,168,756$4,121,920
87$5,472,940$2,732,401$2,201,998$4,430,605
88$5,990,527$2,825,636$2,235,113$4,767,797
89$6,559,628$2,922,159$2,268,056$5,136,327
90$7,185,456$3,022,091$2,300,782$5,539,312
91$7,873,757$3,125,557$2,333,242$5,980,186
92$8,630,858$3,232,688$2,365,384$6,462,730
93$9,463,734$3,343,618$2,397,153$6,991,110
94$10,380,068$3,458,489$2,428,491$7,569,914
95$11,388,326$3,577,446$2,459,336$8,204,196
96$12,497,835$3,700,640$2,489,623$8,899,524
97$13,718,873$3,828,230$2,519,284$9,662,031
98$15,062,763$3,960,379$2,548,246$10,498,472
99$16,541,985$4,097,257$2,576,432$11,416,291
100$18,170,286$4,239,041$2,603,760$12,423,688