Can I retire at age 75 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$184,151$182,511$180,911$179,349$177,823$173,384
2 years$91,164$89,466$87,821$86,225$84,678$80,233
3 years$60,172$58,467$56,826$55,245$53,723$49,412
4 years$44,679$42,980$41,355$39,801$38,316$34,172
5 years$35,386$33,696$32,093$30,571$29,127$25,162
6 years$29,193$27,516$25,936$24,448$23,047$19,265
7 years$24,771$23,108$21,553$20,100$18,744$15,144
8 years$21,455$19,808$18,278$16,861$15,550$12,131
9 years$18,878$17,246$15,743$14,362$13,095$9,855
10 years$16,818$15,202$13,725$12,380$11,158$8,092
11 years$15,133$13,533$12,084$10,775$9,596$6,701
12 years$13,730$12,147$10,724$9,451$8,316$5,585
13 years$12,544$10,977$9,581$8,344$7,251$4,681
14 years$11,528$9,978$8,609$7,407$6,357$3,940
15 years$10,649$9,115$7,772$6,605$5,597$3,329
16 years$9,880$8,363$7,047$5,914$4,946$2,820
17 years$9,202$7,702$6,412$5,314$4,386$2,396
18 years$8,600$7,117$5,854$4,789$3,900$2,039
19 years$8,062$6,596$5,359$4,327$3,476$1,739
20 years$7,579$6,129$4,918$3,919$3,105$1,485
21 years$7,142$5,709$4,524$3,557$2,778$1,270
22 years$6,746$5,329$4,169$3,234$2,490$1,087
23 years$6,384$4,984$3,850$2,945$2,236$931
24 years$6,053$4,670$3,560$2,686$2,009$798
25 years$5,749$4,382$3,297$2,453$1,808$685
26 years$5,469$4,119$3,058$2,243$1,629$588
27 years$5,210$3,876$2,840$2,053$1,468$505
28 years$4,970$3,653$2,640$1,881$1,325$434
29 years$4,747$3,446$2,457$1,725$1,196$373
30 years$4,539$3,254$2,288$1,583$1,081$320
31 years$4,345$3,076$2,133$1,454$977$276
32 years$4,164$2,911$1,990$1,336$884$237
33 years$3,994$2,757$1,858$1,229$800$204
34 years$3,834$2,613$1,736$1,131$724$175
35 years$3,683$2,478$1,623$1,041$656$151
36 years$3,542$2,352$1,519$959$594$130
37 years$3,408$2,234$1,421$883$539$112
38 years$3,282$2,123$1,331$814$488$96
39 years$3,162$2,019$1,247$751$443$83
40 years$3,049$1,921$1,169$692$402$71
41 years$2,941$1,828$1,096$639$365$61
42 years$2,839$1,741$1,028$589$331$53
43 years$2,742$1,659$965$544$300$46
44 years$2,650$1,581$906$502$272$39
45 years$2,561$1,508$850$464$247$34
46 years$2,477$1,439$799$429$225$29
47 years$2,397$1,373$750$396$204$25
48 years$2,321$1,311$705$366$185$22
49 years$2,247$1,252$663$338$168$19
50 years$2,177$1,195$623$313$153$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,230,000, adding $5,475 every year, while hoping to spend $23,011 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: 62/18/20 Blend
74$2,230,000$2,230,000$2,230,000$2,230,000
75$2,463,107$2,344,917$2,310,352$2,602,766
76$2,689,861$2,435,335$2,363,266$2,788,076
77$2,938,972$2,529,412$2,417,180$2,987,247
78$3,212,697$2,627,302$2,472,106$3,204,166
79$3,513,521$2,729,169$2,528,050$3,440,564
80$3,844,183$2,835,181$2,585,023$3,698,346
81$4,207,699$2,945,515$2,643,031$3,979,607
82$4,607,393$3,060,354$2,702,081$4,286,654
83$5,046,928$3,179,892$2,762,181$4,622,029
84$5,530,336$3,304,328$2,823,336$4,988,525
85$6,062,064$3,433,873$2,885,551$5,389,221
86$6,647,008$3,568,747$2,948,831$5,827,505
87$7,290,565$3,709,178$3,013,179$6,307,109
88$7,998,680$3,855,405$3,078,598$6,832,140
89$8,777,904$4,007,678$3,145,089$7,407,121
90$9,635,454$4,166,259$3,212,654$8,037,033
91$10,579,284$4,331,419$3,281,291$8,727,362
92$11,618,157$4,503,444$3,351,000$9,484,149
93$12,761,728$4,682,632$3,421,778$10,314,046
94$14,020,636$4,869,293$3,493,619$11,224,381
95$15,406,606$5,063,753$3,566,520$12,223,223
96$16,932,553$5,266,351$3,640,472$13,319,461
97$18,612,714$5,477,442$3,715,468$14,522,887
98$20,462,771$5,697,397$3,791,497$15,844,284
99$22,500,009$5,926,605$3,868,547$17,295,532
100$24,743,471$6,165,470$3,946,605$18,889,716