Can I retire at age 75 with 1,980,000?

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 $1,980,000?

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$163,507$162,050$160,629$159,242$157,888$155,272
2 years$80,944$79,436$77,975$76,559$75,185$72,557
3 years$53,427$51,913$50,455$49,052$47,700$45,143
4 years$39,671$38,161$36,718$35,339$34,020$31,552
5 years$31,419$29,919$28,495$27,144$25,862$23,490
6 years$25,920$24,431$23,028$21,707$20,463$18,191
7 years$21,994$20,517$19,137$17,847$16,642$14,470
8 years$19,050$17,587$16,229$14,971$13,806$11,734
9 years$16,762$15,313$13,978$12,752$11,627$9,653
10 years$14,932$13,497$12,187$10,992$9,907$8,030
11 years$13,437$12,016$10,729$9,567$8,520$6,738
12 years$12,191$10,785$9,522$8,391$7,383$5,694
13 years$11,138$9,746$8,507$7,408$6,438$4,839
14 years$10,236$8,859$7,644$6,576$5,644$4,132
15 years$9,455$8,093$6,901$5,865$4,969$3,542
16 years$8,772$7,425$6,257$5,251$4,392$3,046
17 years$8,170$6,838$5,693$4,718$3,894$2,626
18 years$7,636$6,319$5,197$4,252$3,463$2,270
19 years$7,159$5,856$4,758$3,842$3,086$1,966
20 years$6,729$5,442$4,367$3,480$2,757$1,706
21 years$6,342$5,069$4,016$3,158$2,467$1,482
22 years$5,989$4,732$3,702$2,871$2,211$1,289
23 years$5,668$4,425$3,418$2,615$1,985$1,123
24 years$5,375$4,146$3,161$2,385$1,784$979
25 years$5,105$3,891$2,928$2,178$1,605$854
26 years$4,856$3,657$2,715$1,992$1,446$745
27 years$4,626$3,442$2,521$1,823$1,304$651
28 years$4,413$3,243$2,344$1,670$1,176$569
29 years$4,215$3,059$2,181$1,532$1,062$498
30 years$4,030$2,889$2,032$1,406$960$435
31 years$3,858$2,731$1,894$1,291$868$381
32 years$3,697$2,584$1,767$1,186$785$333
33 years$3,546$2,448$1,650$1,091$710$292
34 years$3,404$2,320$1,542$1,004$643$256
35 years$3,270$2,200$1,441$924$583$224
36 years$3,145$2,088$1,348$851$528$196
37 years$3,026$1,983$1,262$784$478$172
38 years$2,914$1,885$1,182$723$434$151
39 years$2,808$1,792$1,107$666$393$132
40 years$2,707$1,705$1,038$615$357$116
41 years$2,612$1,623$973$567$324$101
42 years$2,521$1,546$913$523$294$89
43 years$2,435$1,473$857$483$267$78
44 years$2,353$1,404$804$446$242$68
45 years$2,274$1,339$755$412$220$60
46 years$2,200$1,277$709$381$199$53
47 years$2,129$1,219$666$352$181$46
48 years$2,060$1,164$626$325$164$40
49 years$1,995$1,111$588$300$149$35
50 years$1,933$1,061$553$278$136$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $1,980,000, adding $2,147 every year, while hoping to spend $24,257 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: 65/11/24 Blend
74$1,980,000$1,980,000$1,980,000$1,980,000
75$2,184,175$2,079,235$2,048,545$2,312,392
76$2,381,151$2,155,308$2,091,362$2,475,119
77$2,597,406$2,234,296$2,134,800$2,649,976
78$2,834,881$2,316,315$2,178,855$2,840,537
79$3,095,713$2,401,489$2,223,521$3,048,347
80$3,382,258$2,489,944$2,268,791$3,275,106
81$3,697,109$2,581,812$2,314,656$3,522,685
82$4,043,127$2,677,233$2,361,110$3,793,146
83$4,423,458$2,776,351$2,408,140$4,088,758
84$4,841,574$2,879,315$2,455,735$4,412,021
85$5,301,295$2,986,282$2,503,883$4,765,688
86$5,806,833$3,097,416$2,552,569$5,152,791
87$6,362,828$3,212,887$2,601,778$5,576,668
88$6,974,390$3,332,872$2,651,491$6,040,997
89$7,647,152$3,457,557$2,701,690$6,549,830
90$8,387,320$3,587,135$2,752,355$7,107,627
91$9,201,729$3,721,807$2,803,461$7,719,305
92$10,097,913$3,861,784$2,854,985$8,390,277
93$11,084,173$4,007,284$2,906,900$9,126,507
94$12,169,654$4,158,536$2,959,176$9,934,567
95$13,364,433$4,315,779$3,011,783$10,821,693
96$14,679,614$4,479,261$3,064,687$11,795,861
97$16,127,432$4,649,242$3,117,851$12,865,854
98$17,721,368$4,825,993$3,171,237$14,041,352
99$19,476,277$5,009,796$3,224,803$15,333,017
100$21,408,528$5,200,946$3,278,504$16,752,598