Can I retire at age 75 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$179,197$177,600$176,043$174,523$173,039$172,310
2 years$88,711$87,059$85,458$83,905$82,399$81,663
3 years$58,553$56,894$55,297$53,759$52,278$51,557
4 years$43,477$41,823$40,242$38,730$37,285$36,586
5 years$34,434$32,790$31,229$29,749$28,343$27,668
6 years$28,407$26,775$25,238$23,790$22,427$21,776
7 years$24,104$22,486$20,973$19,559$18,239$17,613
8 years$20,878$19,275$17,787$16,408$15,131$14,529
9 years$18,370$16,782$15,320$13,976$12,743$12,165
10 years$16,365$14,793$13,356$12,047$10,857$10,304
11 years$14,726$13,169$11,758$10,485$9,338$8,809
12 years$13,361$11,820$10,435$9,196$8,092$7,586
13 years$12,207$10,682$9,323$8,119$7,056$6,574
14 years$11,218$9,709$8,377$7,207$6,185$5,726
15 years$10,362$8,870$7,563$6,428$5,446$5,008
16 years$9,614$8,138$6,857$5,755$4,813$4,397
17 years$8,954$7,494$6,240$5,171$4,268$3,872
18 years$8,369$6,925$5,696$4,660$3,795$3,419
19 years$7,846$6,418$5,215$4,211$3,382$3,026
20 years$7,375$5,964$4,786$3,814$3,021$2,684
21 years$6,950$5,555$4,402$3,461$2,704$2,384
22 years$6,564$5,186$4,057$3,147$2,423$2,122
23 years$6,212$4,850$3,746$2,866$2,175$1,890
24 years$5,890$4,544$3,464$2,614$1,955$1,686
25 years$5,595$4,265$3,209$2,387$1,759$1,506
26 years$5,322$4,008$2,976$2,183$1,585$1,346
27 years$5,070$3,772$2,763$1,998$1,429$1,204
28 years$4,836$3,554$2,569$1,831$1,289$1,078
29 years$4,619$3,353$2,391$1,679$1,164$966
30 years$4,417$3,167$2,227$1,541$1,052$866
31 years$4,228$2,994$2,076$1,415$951$776
32 years$4,052$2,832$1,937$1,300$860$697
33 years$3,886$2,682$1,808$1,196$779$625
34 years$3,731$2,542$1,690$1,100$705$562
35 years$3,584$2,411$1,580$1,013$638$504
36 years$3,446$2,289$1,478$933$578$453
37 years$3,316$2,174$1,383$859$524$407
38 years$3,193$2,066$1,295$792$475$366
39 years$3,077$1,964$1,214$730$431$329
40 years$2,967$1,869$1,138$674$391$296
41 years$2,862$1,779$1,067$622$355$266
42 years$2,763$1,694$1,001$574$322$240
43 years$2,668$1,614$939$530$292$216
44 years$2,578$1,539$881$489$265$194
45 years$2,493$1,467$827$452$241$175
46 years$2,411$1,400$777$417$219$157
47 years$2,333$1,336$730$385$198$141
48 years$2,258$1,275$686$356$180$127
49 years$2,187$1,218$645$329$164$115
50 years$2,119$1,163$606$304$149$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,170,000, adding $5,707 every year, while hoping to spend $55,980 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: 48/42/10 Blend
74$2,170,000$2,170,000$2,170,000$2,170,000
75$2,397,227$2,282,217$2,248,582$2,505,498
76$2,582,182$2,334,483$2,264,347$2,632,759
77$2,784,126$2,387,434$2,278,764$2,764,535
78$3,004,733$2,441,045$2,291,729$2,906,328
79$3,245,845$2,495,286$2,303,132$3,059,089
80$3,509,492$2,550,126$2,312,857$3,223,864
81$3,797,907$2,605,529$2,320,785$3,401,808
82$4,113,550$2,661,455$2,326,787$3,594,190
83$4,459,127$2,717,862$2,330,730$3,802,411
84$4,837,623$2,774,702$2,332,474$4,028,013
85$5,252,321$2,831,923$2,331,872$4,272,695
86$5,706,838$2,889,467$2,328,770$4,538,329
87$6,205,156$2,947,272$2,323,005$4,826,978
88$6,751,665$3,005,271$2,314,408$5,140,916
89$7,351,195$3,063,390$2,302,801$5,482,648
90$8,009,069$3,121,548$2,287,997$5,854,935
91$8,731,150$3,179,660$2,269,801$6,260,821
92$9,523,896$3,237,632$2,248,008$6,703,658
93$10,394,420$3,295,362$2,222,403$7,187,144
94$11,350,559$3,352,743$2,192,762$7,715,352
95$12,400,945$3,409,657$2,158,848$8,292,774
96$13,555,088$3,465,977$2,120,416$8,924,357
97$14,823,465$3,521,568$2,077,209$9,615,559
98$16,217,618$3,576,284$2,028,955$10,372,392
99$17,750,263$3,629,969$1,975,372$11,201,486
100$19,435,408$3,682,457$1,916,166$12,110,145