Can I retire at age 75 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$162,681$161,232$159,818$158,438$157,091$154,807
2 years$80,535$79,035$77,582$76,172$74,805$72,509
3 years$53,157$51,650$50,200$48,804$47,459$45,223
4 years$39,470$37,968$36,533$35,161$33,848$31,688
5 years$31,260$29,768$28,351$27,007$25,731$23,653
6 years$25,789$24,308$22,912$21,598$20,360$18,367
7 years$21,883$20,413$19,040$17,757$16,558$14,651
8 years$18,954$17,498$16,147$14,896$13,737$11,915
9 years$16,677$15,235$13,908$12,688$11,568$9,831
10 years$14,857$13,429$12,125$10,937$9,857$8,203
11 years$13,369$11,955$10,675$9,518$8,477$6,905
12 years$12,129$10,730$9,474$8,349$7,346$5,853
13 years$11,082$9,697$8,464$7,371$6,406$4,991
14 years$10,184$8,814$7,605$6,543$5,615$4,276
15 years$9,407$8,052$6,866$5,835$4,944$3,678
16 years$8,728$7,388$6,225$5,225$4,370$3,174
17 years$8,129$6,804$5,665$4,694$3,875$2,747
18 years$7,598$6,287$5,171$4,231$3,445$2,383
19 years$7,122$5,827$4,734$3,823$3,071$2,071
20 years$6,695$5,414$4,345$3,462$2,743$1,804
21 years$6,310$5,043$3,996$3,142$2,454$1,573
22 years$5,959$4,708$3,683$2,857$2,200$1,374
23 years$5,640$4,403$3,401$2,602$1,975$1,201
24 years$5,347$4,125$3,145$2,373$1,775$1,051
25 years$5,079$3,871$2,913$2,167$1,597$920
26 years$4,831$3,639$2,702$1,982$1,439$807
27 years$4,603$3,424$2,509$1,814$1,297$707
28 years$4,391$3,227$2,332$1,662$1,170$621
29 years$4,194$3,044$2,170$1,524$1,057$545
30 years$4,010$2,875$2,022$1,399$955$479
31 years$3,839$2,718$1,885$1,285$863$421
32 years$3,678$2,571$1,758$1,180$781$370
33 years$3,528$2,435$1,642$1,086$707$325
34 years$3,387$2,308$1,534$999$640$286
35 years$3,254$2,189$1,434$919$580$251
36 years$3,129$2,078$1,342$847$525$221
37 years$3,011$1,973$1,256$780$476$195
38 years$2,899$1,875$1,176$719$432$171
39 years$2,793$1,783$1,102$663$391$151
40 years$2,693$1,697$1,033$612$355$133
41 years$2,598$1,615$968$564$322$117
42 years$2,508$1,538$908$521$292$103
43 years$2,422$1,466$852$481$265$91
44 years$2,341$1,397$800$444$241$80
45 years$2,263$1,332$751$410$219$70
46 years$2,189$1,271$706$379$198$62
47 years$2,118$1,213$663$350$180$55
48 years$2,050$1,158$623$323$164$48
49 years$1,985$1,106$586$299$149$42
50 years$1,923$1,056$550$276$135$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,970,000, adding $5,403 every year, while hoping to spend $32,143 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: 58/20/22 Blend
74$1,970,000$1,970,000$1,970,000$1,970,000
75$2,176,513$2,072,103$2,041,568$2,289,633
76$2,364,318$2,139,436$2,075,761$2,434,607
77$2,570,201$2,208,992$2,110,022$2,588,664
78$2,795,973$2,280,844$2,144,319$2,755,926
79$3,043,627$2,355,070$2,178,619$2,937,676
80$3,315,360$2,431,752$2,212,886$3,135,326
81$3,613,591$2,510,971$2,247,081$3,350,431
82$3,940,982$2,592,814$2,281,163$3,584,703
83$4,300,470$2,677,370$2,315,090$3,840,026
84$4,695,287$2,764,730$2,348,815$4,118,476
85$5,128,995$2,854,990$2,382,289$4,422,338
86$5,605,517$2,948,249$2,415,460$4,754,128
87$6,129,176$3,044,609$2,448,273$5,116,619
88$6,704,732$3,144,175$2,480,670$5,512,862
89$7,337,431$3,247,057$2,512,590$5,946,219
90$8,033,054$3,353,367$2,543,967$6,420,395
91$8,797,967$3,463,224$2,574,731$6,939,467
92$9,639,186$3,576,748$2,604,811$7,507,928
93$10,564,440$3,694,066$2,634,129$8,130,728
94$11,582,245$3,815,307$2,662,604$8,813,318
95$12,701,983$3,940,606$2,690,150$9,561,704
96$13,933,992$4,070,103$2,716,677$10,382,503
97$15,289,663$4,203,941$2,742,090$11,283,004
98$16,781,546$4,342,272$2,766,287$12,271,237
99$18,423,470$4,485,250$2,789,164$13,356,050
100$20,230,672$4,633,034$2,810,609$14,547,190