Can I retire at age 75 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$156,074$154,684$153,328$152,004$150,711$146,238
2 years$77,265$75,826$74,431$73,079$71,767$67,298
3 years$50,998$49,553$48,162$46,822$45,532$41,206
4 years$37,867$36,427$35,049$33,733$32,474$28,325
5 years$29,991$28,559$27,200$25,910$24,686$20,725
6 years$24,742$23,320$21,981$20,720$19,533$15,764
7 years$20,994$19,585$18,267$17,035$15,886$12,308
8 years$18,184$16,788$15,492$14,291$13,179$9,790
9 years$16,000$14,617$13,343$12,172$11,098$7,896
10 years$14,254$12,884$11,633$10,493$9,456$6,435
11 years$12,826$11,470$10,241$9,132$8,133$5,288
12 years$11,637$10,295$9,089$8,010$7,048$4,373
13 years$10,632$9,303$8,120$7,071$6,146$3,635
14 years$9,771$8,456$7,296$6,277$5,387$3,035
15 years$9,025$7,725$6,587$5,598$4,743$2,542
16 years$8,373$7,088$5,972$5,013$4,192$2,136
17 years$7,799$6,527$5,435$4,504$3,717$1,798
18 years$7,289$6,032$4,961$4,059$3,305$1,517
19 years$6,833$5,590$4,542$3,667$2,946$1,282
20 years$6,424$5,195$4,168$3,322$2,631$1,085
21 years$6,053$4,839$3,834$3,015$2,355$919
22 years$5,717$4,517$3,534$2,741$2,111$779
23 years$5,411$4,224$3,263$2,496$1,895$661
24 years$5,130$3,958$3,017$2,277$1,703$562
25 years$4,873$3,714$2,795$2,079$1,532$477
26 years$4,635$3,491$2,592$1,901$1,380$406
27 years$4,416$3,285$2,407$1,740$1,245$345
28 years$4,212$3,096$2,237$1,594$1,123$294
29 years$4,023$2,920$2,082$1,462$1,014$250
30 years$3,847$2,758$1,939$1,342$916$213
31 years$3,683$2,607$1,808$1,232$828$181
32 years$3,529$2,467$1,687$1,133$749$154
33 years$3,385$2,336$1,575$1,041$678$131
34 years$3,249$2,214$1,472$958$614$112
35 years$3,122$2,100$1,376$882$556$95
36 years$3,002$1,993$1,287$812$504$81
37 years$2,888$1,893$1,205$749$457$69
38 years$2,781$1,799$1,128$690$414$59
39 years$2,680$1,711$1,057$636$375$50
40 years$2,584$1,628$991$587$341$43
41 years$2,493$1,550$929$541$309$37
42 years$2,406$1,476$871$500$280$31
43 years$2,324$1,406$818$461$254$27
44 years$2,246$1,340$768$426$231$23
45 years$2,171$1,278$721$393$210$19
46 years$2,100$1,219$677$363$190$16
47 years$2,032$1,164$636$336$173$14
48 years$1,967$1,111$598$310$157$12
49 years$1,905$1,061$562$287$143$10
50 years$1,845$1,013$528$265$129$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,890,000, adding $2,771 every year, while hoping to spend $53,239 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: 60/14/26 Blend
74$1,890,000$1,890,000$1,890,000$1,890,000
75$2,085,638$1,985,468$1,956,173$2,196,034
76$2,241,728$2,026,110$1,965,059$2,312,165
77$2,411,953$2,066,960$1,972,458$2,432,842
78$2,597,702$2,107,970$1,978,265$2,563,384
79$2,800,498$2,149,091$1,982,368$2,704,760
80$3,022,021$2,190,269$1,984,649$2,858,042
81$3,264,120$2,231,444$1,984,987$3,024,410
82$3,528,829$2,272,554$1,983,253$3,205,167
83$3,818,389$2,313,528$1,979,312$3,401,747
84$4,135,267$2,354,294$1,973,021$3,615,734
85$4,482,180$2,394,770$1,964,233$3,848,871
86$4,862,119$2,434,870$1,952,791$4,103,082
87$5,278,378$2,474,502$1,938,533$4,380,489
88$5,734,587$2,513,567$1,921,288$4,683,430
89$6,234,739$2,551,956$1,900,876$5,014,483
90$6,783,237$2,589,556$1,877,110$5,376,490
91$7,384,928$2,626,245$1,849,793$5,772,587
92$8,045,149$2,661,889$1,818,719$6,206,228
93$8,769,782$2,696,350$1,783,674$6,681,225
94$9,565,304$2,729,476$1,744,432$7,201,776
95$10,438,852$2,761,106$1,700,757$7,772,514
96$11,398,284$2,791,070$1,652,402$8,398,545
97$12,452,261$2,819,185$1,599,110$9,085,498
98$13,610,321$2,845,254$1,540,609$9,839,579
99$14,882,973$2,869,071$1,476,619$10,667,631
100$16,281,794$2,890,413$1,406,843$11,577,196