Can I retire at age 75 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$205,622$203,790$202,003$200,259$198,556$196,075
2 years$101,793$99,897$98,060$96,278$94,551$92,054
3 years$67,188$65,284$63,451$61,687$59,987$57,552
4 years$49,889$47,991$46,176$44,442$42,783$40,430
5 years$39,512$37,625$35,835$34,135$32,523$30,257
6 years$32,596$30,724$28,960$27,298$25,734$23,559
7 years$27,659$25,802$24,066$22,444$20,929$18,845
8 years$23,957$22,117$20,410$18,827$17,363$15,370
9 years$21,079$19,257$17,579$16,037$14,622$12,719
10 years$18,779$16,974$15,326$13,824$12,458$10,645
11 years$16,898$15,111$13,492$12,031$10,715$8,988
12 years$15,331$13,563$11,974$10,553$9,285$7,644
13 years$14,007$12,257$10,698$9,316$8,097$6,539
14 years$12,872$11,141$9,612$8,270$7,098$5,621
15 years$11,890$10,178$8,679$7,375$6,249$4,851
16 years$11,032$9,338$7,868$6,604$5,523$4,201
17 years$10,275$8,600$7,160$5,934$4,897$3,649
18 years$9,603$7,946$6,536$5,347$4,354$3,177
19 years$9,002$7,365$5,984$4,832$3,881$2,771
20 years$8,463$6,844$5,491$4,376$3,467$2,422
21 years$7,975$6,375$5,051$3,972$3,102$2,120
22 years$7,532$5,950$4,655$3,611$2,781$1,859
23 years$7,129$5,565$4,298$3,289$2,496$1,631
24 years$6,759$5,214$3,975$2,999$2,244$1,433
25 years$6,420$4,893$3,682$2,739$2,019$1,260
26 years$6,107$4,599$3,415$2,505$1,819$1,109
27 years$5,818$4,328$3,171$2,293$1,640$976
28 years$5,550$4,078$2,948$2,100$1,479$860
29 years$5,301$3,848$2,743$1,926$1,336$758
30 years$5,069$3,634$2,555$1,768$1,207$669
31 years$4,852$3,435$2,382$1,624$1,091$590
32 years$4,649$3,250$2,223$1,492$987$521
33 years$4,459$3,078$2,075$1,372$893$460
34 years$4,281$2,917$1,939$1,262$809$406
35 years$4,113$2,767$1,813$1,162$733$359
36 years$3,955$2,626$1,696$1,070$664$317
37 years$3,805$2,494$1,587$986$602$280
38 years$3,664$2,370$1,486$909$545$248
39 years$3,531$2,254$1,393$838$495$219
40 years$3,404$2,145$1,305$773$449$193
41 years$3,284$2,041$1,224$713$407$171
42 years$3,170$1,944$1,148$658$369$151
43 years$3,062$1,852$1,077$608$335$134
44 years$2,958$1,766$1,011$561$304$118
45 years$2,860$1,684$950$518$276$105
46 years$2,766$1,606$892$479$251$93
47 years$2,677$1,533$838$442$228$82
48 years$2,591$1,463$787$409$207$72
49 years$2,509$1,397$740$378$188$64
50 years$2,431$1,335$696$349$171$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,490,000, adding $4,730 every year, while hoping to spend $48,291 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: 29/43/28 Blend
74$2,490,000$2,490,000$2,490,000$2,490,000
75$2,748,859$2,616,889$2,578,294$2,804,694
76$2,977,861$2,693,735$2,613,286$2,926,045
77$3,228,603$2,772,729$2,647,831$3,051,903
78$3,503,252$2,853,923$2,681,864$3,186,248
79$3,804,192$2,937,374$2,715,315$3,329,848
80$4,134,052$3,023,138$2,748,110$3,483,547
81$4,495,725$3,111,271$2,780,172$3,648,273
82$4,892,399$3,201,834$2,811,418$3,825,048
83$5,327,585$3,294,884$2,841,761$4,014,994
84$5,805,148$3,390,483$2,871,110$4,219,349
85$6,329,348$3,488,692$2,899,367$4,439,474
86$6,904,878$3,589,574$2,926,432$4,676,866
87$7,536,904$3,693,191$2,952,196$4,933,176
88$8,231,120$3,799,610$2,976,546$5,210,219
89$8,993,798$3,908,894$2,999,365$5,509,995
90$9,831,847$4,021,112$3,020,525$5,834,706
91$10,752,879$4,136,329$3,039,896$6,186,775
92$11,765,278$4,254,615$3,057,338$6,568,876
93$12,878,284$4,376,039$3,072,706$6,983,947
94$14,102,074$4,500,670$3,085,847$7,435,231
95$15,447,862$4,628,580$3,096,600$7,926,296
96$16,928,003$4,759,839$3,104,795$8,461,073
97$18,556,109$4,894,521$3,110,255$9,043,895
98$20,347,178$5,032,698$3,112,794$9,679,533
99$22,317,733$5,174,443$3,112,215$10,373,245
100$24,485,982$5,319,831$3,108,315$11,130,823