Can I retire at age 75 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$160,203$158,776$157,384$156,025$154,698$153,210
2 years$79,309$77,832$76,400$75,012$73,666$72,167
3 years$52,347$50,864$49,436$48,061$46,737$45,273
4 years$38,869$37,390$35,977$34,625$33,333$31,916
5 years$30,784$29,314$27,919$26,596$25,339$23,973
6 years$25,396$23,937$22,563$21,269$20,050$18,737
7 years$21,549$20,103$18,750$17,486$16,306$15,046
8 years$18,665$17,232$15,901$14,669$13,527$12,321
9 years$16,423$15,003$13,696$12,494$11,392$10,238
10 years$14,631$13,225$11,940$10,770$9,707$8,605
11 years$13,165$11,773$10,512$9,373$8,348$7,297
12 years$11,945$10,567$9,329$8,222$7,234$6,234
13 years$10,913$9,549$8,335$7,259$6,308$5,357
14 years$10,029$8,680$7,489$6,443$5,530$4,626
15 years$9,264$7,929$6,762$5,746$4,869$4,012
16 years$8,595$7,275$6,130$5,145$4,303$3,491
17 years$8,005$6,700$5,578$4,623$3,816$3,047
18 years$7,482$6,191$5,092$4,166$3,393$2,666
19 years$7,014$5,738$4,662$3,765$3,024$2,338
20 years$6,593$5,332$4,278$3,409$2,701$2,054
21 years$6,213$4,967$3,935$3,094$2,417$1,807
22 years$5,868$4,636$3,627$2,813$2,167$1,592
23 years$5,554$4,336$3,349$2,562$1,945$1,405
24 years$5,266$4,063$3,097$2,337$1,748$1,241
25 years$5,002$3,813$2,869$2,134$1,573$1,097
26 years$4,758$3,583$2,660$1,951$1,417$971
27 years$4,533$3,372$2,470$1,786$1,277$860
28 years$4,324$3,178$2,297$1,637$1,153$762
29 years$4,130$2,998$2,137$1,501$1,041$675
30 years$3,949$2,831$1,991$1,377$940$599
31 years$3,780$2,676$1,856$1,265$850$531
32 years$3,622$2,532$1,732$1,163$769$472
33 years$3,474$2,398$1,617$1,069$696$419
34 years$3,335$2,273$1,511$984$630$372
35 years$3,204$2,156$1,412$905$571$331
36 years$3,081$2,046$1,321$834$517$294
37 years$2,965$1,943$1,237$768$469$261
38 years$2,855$1,847$1,158$708$425$232
39 years$2,751$1,756$1,085$653$385$207
40 years$2,652$1,671$1,017$602$350$184
41 years$2,559$1,591$954$556$317$163
42 years$2,470$1,515$894$513$288$145
43 years$2,385$1,443$839$473$261$129
44 years$2,305$1,376$788$437$237$115
45 years$2,228$1,312$740$404$215$102
46 years$2,155$1,251$695$373$195$91
47 years$2,086$1,194$653$345$177$81
48 years$2,019$1,140$613$318$161$72
49 years$1,955$1,089$577$294$146$64
50 years$1,894$1,040$542$272$133$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,940,000, adding $5,900 every year, while hoping to spend $46,303 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: 86/8/6 Blend
74$1,940,000$1,940,000$1,940,000$1,940,000
75$2,143,966$2,041,146$2,011,076$2,327,309
76$2,313,384$2,091,896$2,029,181$2,498,436
77$2,498,532$2,143,581$2,046,341$2,679,450
78$2,700,963$2,196,198$2,062,474$2,876,865
79$2,922,392$2,249,742$2,077,497$3,092,296
80$3,164,702$2,304,206$2,091,320$3,327,527
81$3,429,972$2,359,582$2,103,850$3,584,517
82$3,720,487$2,415,859$2,114,987$3,865,427
83$4,038,766$2,473,025$2,124,627$4,172,636
84$4,387,580$2,531,064$2,132,663$4,508,764
85$4,769,985$2,589,958$2,138,978$4,876,697
86$5,189,343$2,649,685$2,143,454$5,279,613
87$5,649,360$2,710,224$2,145,964$5,721,014
88$6,154,116$2,771,546$2,146,375$6,204,757
89$6,708,105$2,833,621$2,144,548$6,735,091
90$7,316,279$2,896,415$2,140,337$7,316,695
91$7,984,090$2,959,891$2,133,589$7,954,727
92$8,717,548$3,024,006$2,124,145$8,654,865
93$9,523,269$3,088,713$2,111,835$9,423,369
94$10,408,544$3,153,962$2,096,483$10,267,132
95$11,381,405$3,219,696$2,077,905$11,193,750
96$12,450,701$3,285,853$2,055,907$12,211,593
97$13,626,179$3,352,367$2,030,286$13,329,880
98$14,918,579$3,419,163$2,000,831$14,558,772
99$16,339,734$3,486,161$1,967,319$15,909,460
100$17,902,680$3,553,276$1,929,517$17,394,280