Can I retire at age 75 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$224,615$222,614$220,662$218,757$216,897$210,629
2 years$111,196$109,125$107,118$105,172$103,284$97,019
3 years$73,394$71,314$69,312$67,384$65,528$59,462
4 years$54,497$52,423$50,442$48,547$46,735$40,915
5 years$43,162$41,101$39,145$37,289$35,527$29,969
6 years$35,607$33,562$31,635$29,820$28,111$22,820
7 years$30,213$28,185$26,289$24,517$22,862$17,837
8 years$26,170$24,160$22,295$20,566$18,966$14,205
9 years$23,027$21,035$19,203$17,518$15,972$11,470
10 years$20,513$18,542$16,741$15,101$13,609$9,360
11 years$18,458$16,507$14,739$13,142$11,704$7,701
12 years$16,747$14,815$13,080$11,527$10,143$6,377
13 years$15,300$13,389$11,686$10,177$8,845$5,309
14 years$14,061$12,170$10,500$9,034$7,753$4,438
15 years$12,988$11,118$9,480$8,057$6,827$3,723
16 years$12,051$10,200$8,595$7,214$6,033$3,132
17 years$11,224$9,394$7,821$6,482$5,350$2,641
18 years$10,490$8,680$7,140$5,841$4,757$2,231
19 years$9,834$8,045$6,536$5,278$4,240$1,889
20 years$9,244$7,476$5,999$4,780$3,787$1,601
21 years$8,712$6,963$5,518$4,338$3,389$1,358
22 years$8,228$6,500$5,085$3,945$3,038$1,153
23 years$7,787$6,079$4,695$3,592$2,727$980
24 years$7,383$5,696$4,342$3,277$2,451$834
25 years$7,013$5,345$4,022$2,992$2,205$710
26 years$6,671$5,024$3,730$2,736$1,987$604
27 years$6,355$4,728$3,464$2,504$1,791$515
28 years$6,062$4,455$3,220$2,295$1,616$439
29 years$5,790$4,203$2,997$2,104$1,459$374
30 years$5,537$3,969$2,791$1,931$1,319$319
31 years$5,300$3,752$2,602$1,774$1,192$272
32 years$5,079$3,550$2,428$1,630$1,078$232
33 years$4,871$3,362$2,267$1,499$976$198
34 years$4,676$3,187$2,118$1,379$884$169
35 years$4,493$3,023$1,980$1,270$800$144
36 years$4,320$2,869$1,852$1,169$725$123
37 years$4,157$2,725$1,734$1,077$657$105
38 years$4,003$2,589$1,624$993$596$90
39 years$3,857$2,462$1,521$916$540$77
40 years$3,719$2,343$1,426$844$490$65
41 years$3,588$2,230$1,337$779$445$56
42 years$3,463$2,124$1,254$719$403$48
43 years$3,345$2,024$1,177$664$366$41
44 years$3,232$1,929$1,105$613$332$35
45 years$3,124$1,839$1,037$566$302$30
46 years$3,022$1,755$974$523$274$25
47 years$2,924$1,674$915$483$249$22
48 years$2,831$1,599$860$446$226$18
49 years$2,741$1,526$808$412$205$16
50 years$2,656$1,458$760$381$186$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,720,000, adding $6,004 every year, while hoping to spend $21,628 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: 66/8/26 Blend
74$2,720,000$2,720,000$2,720,000$2,720,000
75$3,003,633$2,859,473$2,817,313$3,181,114
76$3,286,992$2,976,575$2,888,681$3,418,546
77$3,598,528$3,098,691$2,961,715$3,675,064
78$3,941,093$3,226,042$3,036,448$3,955,047
79$4,317,829$3,358,862$3,112,913$4,260,809
80$4,732,196$3,497,395$3,191,144$4,594,897
81$5,188,008$3,641,895$3,271,175$4,960,116
82$5,689,466$3,792,629$3,353,041$5,359,552
83$6,241,200$3,949,877$3,436,776$5,796,605
84$6,848,310$4,113,928$3,522,416$6,275,020
85$7,516,416$4,285,089$3,609,996$6,798,919
86$8,251,711$4,463,679$3,699,551$7,372,842
87$9,061,018$4,650,031$3,791,118$8,001,789
88$9,951,854$4,844,495$3,884,733$8,691,268
89$10,932,504$5,047,436$3,980,432$9,447,345
90$12,012,095$5,259,236$4,078,252$10,276,699
91$13,200,685$5,480,296$4,178,231$11,186,691
92$14,509,358$5,711,033$4,280,404$12,185,425
93$15,950,324$5,951,885$4,384,809$13,281,831
94$17,537,041$6,203,312$4,491,484$14,485,745
95$19,284,336$6,465,791$4,600,466$15,808,000
96$21,208,549$6,739,825$4,711,792$17,260,534
97$23,327,683$7,025,939$4,825,499$18,856,496
98$25,661,579$7,324,682$4,941,625$20,610,371
99$28,232,098$7,636,629$5,060,208$22,538,118
100$31,063,331$7,962,383$5,181,283$24,657,320