Can I retire at age 75 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$183,326$181,693$180,099$178,544$177,026$174,886
2 years$90,755$89,065$87,427$85,839$84,298$82,145
3 years$59,902$58,205$56,571$54,998$53,482$51,382
4 years$44,479$42,787$41,169$39,623$38,144$36,113
5 years$35,228$33,545$31,949$30,434$28,996$27,041
6 years$29,062$27,392$25,820$24,338$22,944$21,066
7 years$24,659$23,004$21,456$20,010$18,660$16,860
8 years$21,359$19,719$18,197$16,786$15,480$13,759
9 years$18,794$17,169$15,673$14,298$13,036$11,393
10 years$16,742$15,133$13,664$12,325$11,108$9,541
11 years$15,065$13,472$12,029$10,726$9,553$8,061
12 years$13,669$12,092$10,676$9,408$8,278$6,860
13 years$12,488$10,928$9,538$8,306$7,219$5,872
14 years$11,477$9,933$8,570$7,373$6,328$5,051
15 years$10,601$9,074$7,738$6,576$5,572$4,362
16 years$9,835$8,325$7,015$5,888$4,924$3,780
17 years$9,161$7,667$6,384$5,290$4,366$3,285
18 years$8,562$7,085$5,827$4,768$3,882$2,862
19 years$8,026$6,566$5,335$4,308$3,460$2,499
20 years$7,545$6,102$4,896$3,902$3,091$2,186
21 years$7,110$5,683$4,503$3,541$2,766$1,915
22 years$6,715$5,305$4,150$3,220$2,479$1,680
23 years$6,356$4,962$3,832$2,932$2,226$1,475
24 years$6,026$4,649$3,544$2,674$2,000$1,297
25 years$5,724$4,363$3,283$2,442$1,800$1,141
26 years$5,445$4,100$3,044$2,233$1,621$1,005
27 years$5,187$3,859$2,827$2,044$1,462$886
28 years$4,948$3,636$2,628$1,873$1,319$781
29 years$4,726$3,430$2,446$1,717$1,191$689
30 years$4,519$3,240$2,278$1,576$1,076$608
31 years$4,326$3,062$2,124$1,448$973$537
32 years$4,145$2,898$1,982$1,330$880$474
33 years$3,976$2,744$1,850$1,223$797$419
34 years$3,817$2,601$1,729$1,126$721$371
35 years$3,667$2,467$1,616$1,036$653$328
36 years$3,526$2,341$1,512$954$592$290
37 years$3,393$2,224$1,415$879$536$256
38 years$3,267$2,113$1,325$810$486$227
39 years$3,148$2,010$1,242$747$441$201
40 years$3,035$1,912$1,164$689$400$177
41 years$2,928$1,820$1,091$636$363$157
42 years$2,826$1,733$1,024$587$329$139
43 years$2,730$1,652$960$542$299$123
44 years$2,638$1,574$902$500$271$109
45 years$2,550$1,501$847$462$246$96
46 years$2,466$1,432$795$427$224$85
47 years$2,387$1,367$747$394$203$76
48 years$2,310$1,305$702$364$184$67
49 years$2,237$1,246$660$337$167$59
50 years$2,167$1,190$620$311$152$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,220,000, adding $2,718 every year, while hoping to spend $55,068 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: 46/47/7 Blend
74$2,220,000$2,220,000$2,220,000$2,220,000
75$2,449,244$2,331,584$2,297,174$2,557,098
76$2,640,475$2,387,239$2,315,537$2,687,243
77$2,849,365$2,443,776$2,332,670$2,822,382
78$3,077,659$2,501,180$2,348,473$2,967,691
79$3,327,275$2,559,433$2,362,842$3,124,128
80$3,600,327$2,618,514$2,375,666$3,292,747
81$3,899,140$2,678,401$2,386,831$3,474,706
82$4,226,277$2,739,068$2,396,214$3,671,283
83$4,584,559$2,800,484$2,403,689$3,883,885
84$4,977,092$2,862,616$2,409,121$4,114,059
85$5,407,298$2,925,427$2,412,370$4,363,513
86$5,878,946$2,988,876$2,413,287$4,634,126
87$6,396,185$3,052,917$2,411,718$4,927,967
88$6,963,586$3,117,500$2,407,501$5,247,318
89$7,586,184$3,182,570$2,400,465$5,594,692
90$8,269,525$3,248,066$2,390,431$5,972,857
91$9,019,718$3,313,923$2,377,212$6,384,863
92$9,843,491$3,380,067$2,360,610$6,834,073
93$10,748,258$3,446,421$2,340,422$7,324,191
94$11,742,184$3,512,900$2,316,429$7,859,298
95$12,834,265$3,579,410$2,288,408$8,443,893
96$14,034,412$3,645,852$2,256,121$9,082,934
97$15,353,541$3,712,118$2,219,320$9,781,884
98$16,803,681$3,778,092$2,177,747$10,546,764
99$18,398,085$3,843,646$2,131,129$11,384,211
100$20,151,351$3,908,646$2,079,183$12,301,538