Can I retire at age 75 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$217,183$215,248$213,361$211,519$209,720$203,988
2 years$107,516$105,514$103,573$101,692$99,867$94,134
3 years$70,966$68,955$67,019$65,155$63,359$57,805
4 years$52,694$50,689$48,773$46,940$45,189$39,855
5 years$41,734$39,741$37,849$36,055$34,352$29,254
6 years$34,429$32,451$30,588$28,833$27,181$22,324
7 years$29,214$27,253$25,419$23,705$22,106$17,490
8 years$25,304$23,360$21,557$19,886$18,339$13,961
9 years$22,265$20,339$18,567$16,938$15,444$11,301
10 years$19,835$17,928$16,187$14,601$13,159$9,245
11 years$17,848$15,960$14,251$12,707$11,317$7,626
12 years$16,193$14,325$12,647$11,146$9,807$6,331
13 years$14,794$12,946$11,300$9,840$8,552$5,285
14 years$13,596$11,767$10,153$8,735$7,497$4,430
15 years$12,559$10,750$9,167$7,790$6,601$3,727
16 years$11,652$9,863$8,311$6,975$5,834$3,144
17 years$10,853$9,083$7,563$6,267$5,173$2,659
18 years$10,143$8,393$6,904$5,648$4,599$2,254
19 years$9,509$7,779$6,320$5,103$4,099$1,913
20 years$8,939$7,228$5,800$4,622$3,662$1,626
21 years$8,423$6,733$5,335$4,195$3,277$1,384
22 years$7,956$6,285$4,917$3,814$2,937$1,179
23 years$7,529$5,878$4,540$3,474$2,637$1,005
24 years$7,139$5,508$4,199$3,168$2,370$858
25 years$6,781$5,169$3,889$2,893$2,132$732
26 years$6,450$4,858$3,607$2,645$1,921$626
27 years$6,145$4,572$3,349$2,421$1,732$535
28 years$5,862$4,308$3,113$2,219$1,563$457
29 years$5,599$4,064$2,897$2,035$1,411$391
30 years$5,354$3,838$2,699$1,867$1,275$335
31 years$5,125$3,628$2,516$1,715$1,153$286
32 years$4,911$3,433$2,347$1,576$1,043$245
33 years$4,710$3,251$2,192$1,449$944$210
34 years$4,521$3,081$2,048$1,333$854$180
35 years$4,344$2,922$1,915$1,227$774$154
36 years$4,177$2,774$1,791$1,130$701$132
37 years$4,019$2,635$1,676$1,042$635$113
38 years$3,870$2,504$1,570$960$576$97
39 years$3,729$2,381$1,471$885$522$83
40 years$3,596$2,265$1,379$816$474$71
41 years$3,469$2,156$1,293$753$430$61
42 years$3,348$2,054$1,213$695$390$52
43 years$3,234$1,957$1,138$642$354$45
44 years$3,125$1,865$1,068$593$321$38
45 years$3,021$1,778$1,003$547$292$33
46 years$2,922$1,697$942$506$265$28
47 years$2,827$1,619$885$467$241$24
48 years$2,737$1,546$832$432$218$21
49 years$2,650$1,476$782$399$198$18
50 years$2,568$1,410$735$369$180$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,630,000, adding $5,809 every year, while hoping to spend $36,002 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: 20/50/30 Blend
74$2,630,000$2,630,000$2,630,000$2,630,000
75$2,904,252$2,764,862$2,724,097$2,934,544
76$3,162,180$2,862,034$2,777,048$3,061,210
77$3,445,210$2,962,762$2,830,567$3,193,081
78$3,755,864$3,067,180$2,884,634$3,333,149
79$4,096,921$3,175,431$2,939,228$3,482,093
80$4,471,442$3,287,661$2,994,327$3,640,658
81$4,882,798$3,404,026$3,049,906$3,809,661
82$5,334,703$3,524,683$3,105,937$3,989,996
83$5,831,249$3,649,798$3,162,392$4,182,641
84$6,376,943$3,779,545$3,219,240$4,388,673
85$6,976,752$3,914,104$3,276,445$4,609,268
86$7,636,146$4,053,660$3,333,971$4,845,720
87$8,361,153$4,198,410$3,391,779$5,099,446
88$9,158,414$4,348,555$3,449,827$5,372,004
89$10,035,244$4,504,306$3,508,068$5,665,103
90$10,999,705$4,665,884$3,566,455$5,980,620
91$12,060,679$4,833,516$3,624,935$6,320,615
92$13,227,950$5,007,440$3,683,453$6,687,354
93$14,512,302$5,187,905$3,741,949$7,083,325
94$15,925,613$5,375,169$3,800,360$7,511,261
95$17,480,972$5,569,499$3,858,619$7,974,168
96$19,192,804$5,771,177$3,916,655$8,475,349
97$21,076,998$5,980,493$3,974,392$9,018,436
98$23,151,066$6,197,751$4,031,748$9,607,423
99$25,434,302$6,423,268$4,088,638$10,246,702
100$27,947,965$6,657,372$4,144,972$10,941,103