Can I retire at age 75 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$203,145$201,335$199,570$197,846$196,164$195,009
2 years$100,567$98,694$96,878$95,118$93,411$92,247
3 years$66,378$64,497$62,687$60,943$59,264$58,125
4 years$49,288$47,412$45,620$43,906$42,268$41,163
5 years$39,036$37,172$35,403$33,724$32,131$31,065
6 years$32,204$30,354$28,611$26,970$25,424$24,397
7 years$27,325$25,491$23,776$22,173$20,677$19,689
8 years$23,668$21,850$20,164$18,600$17,153$16,206
9 years$20,825$19,025$17,367$15,843$14,446$13,537
10 years$18,552$16,769$15,141$13,657$12,308$11,439
11 years$16,694$14,929$13,330$11,886$10,586$9,755
12 years$15,146$13,399$11,830$10,426$9,173$8,380
13 years$13,838$12,109$10,569$9,204$7,999$7,243
14 years$12,717$11,007$9,496$8,170$7,012$6,292
15 years$11,747$10,055$8,574$7,287$6,174$5,489
16 years$10,899$9,225$7,774$6,524$5,457$4,806
17 years$10,151$8,496$7,074$5,862$4,838$4,221
18 years$9,487$7,851$6,457$5,283$4,302$3,717
19 years$8,894$7,276$5,911$4,774$3,834$3,280
20 years$8,361$6,761$5,425$4,323$3,425$2,901
21 years$7,879$6,298$4,990$3,924$3,065$2,570
22 years$7,441$5,879$4,599$3,568$2,747$2,280
23 years$7,043$5,498$4,247$3,249$2,466$2,025
24 years$6,678$5,152$3,927$2,963$2,217$1,801
25 years$6,342$4,834$3,637$2,706$1,995$1,604
26 years$6,033$4,544$3,374$2,474$1,797$1,429
27 years$5,748$4,276$3,133$2,265$1,620$1,274
28 years$5,483$4,029$2,912$2,075$1,462$1,137
29 years$5,237$3,801$2,710$1,903$1,320$1,016
30 years$5,007$3,590$2,524$1,746$1,193$907
31 years$4,793$3,394$2,353$1,604$1,078$811
32 years$4,593$3,211$2,196$1,474$975$725
33 years$4,405$3,041$2,050$1,356$883$649
34 years$4,229$2,882$1,916$1,247$799$581
35 years$4,063$2,734$1,791$1,148$724$520
36 years$3,907$2,595$1,675$1,057$656$466
37 years$3,760$2,464$1,568$974$594$417
38 years$3,620$2,342$1,468$898$539$374
39 years$3,488$2,227$1,376$828$489$335
40 years$3,363$2,119$1,290$764$443$300
41 years$3,245$2,017$1,209$705$402$269
42 years$3,132$1,921$1,134$650$365$241
43 years$3,025$1,830$1,064$600$331$216
44 years$2,923$1,744$999$554$301$194
45 years$2,826$1,664$938$512$273$174
46 years$2,733$1,587$881$473$248$156
47 years$2,645$1,514$828$437$225$140
48 years$2,560$1,446$778$404$204$126
49 years$2,479$1,381$731$373$186$113
50 years$2,402$1,319$687$345$169$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,460,000, adding $6,894 every year, while hoping to spend $54,631 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: 48/36/16 Blend
74$2,460,000$2,460,000$2,460,000$2,460,000
75$2,718,031$2,587,651$2,549,521$2,836,007
76$2,937,143$2,656,319$2,576,803$2,987,047
77$3,176,774$2,726,521$2,603,168$3,144,804
78$3,438,958$2,798,274$2,628,528$3,314,915
79$3,725,937$2,871,594$2,652,788$3,498,556
80$4,040,179$2,946,498$2,675,853$3,697,023
81$4,384,400$3,022,999$2,697,616$3,911,740
82$4,761,593$3,101,111$2,717,971$4,144,278
83$5,175,055$3,180,845$2,736,803$4,396,366
84$5,628,415$3,262,210$2,753,990$4,669,908
85$6,125,671$3,345,216$2,769,406$4,967,001
86$6,671,226$3,429,869$2,782,918$5,289,954
87$7,269,931$3,516,173$2,794,386$5,641,314
88$7,927,129$3,604,130$2,803,663$6,023,880
89$8,648,705$3,693,741$2,810,594$6,440,743
90$9,441,141$3,785,002$2,815,017$6,895,302
91$10,311,579$3,877,909$2,816,762$7,391,306
92$11,267,886$3,972,452$2,815,649$7,932,884
93$12,318,729$4,068,621$2,811,492$8,524,584
94$13,473,655$4,166,400$2,804,093$9,171,419
95$14,743,185$4,265,770$2,793,247$9,878,912
96$16,138,905$4,366,708$2,778,736$10,653,149
97$17,673,585$4,469,188$2,760,335$11,500,835
98$19,361,289$4,573,178$2,737,806$12,429,362
99$21,217,518$4,678,640$2,710,899$13,446,870
100$23,259,345$4,785,534$2,679,354$14,562,335