Can I retire at age 75 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$233,699$231,617$229,586$227,604$225,668$220,571
2 years$115,692$113,538$111,450$109,425$107,461$102,353
3 years$76,362$74,198$72,115$70,110$68,178$63,219
4 years$56,701$54,544$52,481$50,510$48,625$43,853
5 years$44,907$42,763$40,728$38,797$36,964$32,392
6 years$37,047$34,919$32,914$31,026$29,248$24,881
7 years$31,435$29,325$27,352$25,508$23,787$19,626
8 years$27,228$25,137$23,196$21,398$19,733$15,776
9 years$23,958$21,886$19,979$18,226$16,618$12,863
10 years$21,343$19,292$17,418$15,711$14,160$10,601
11 years$19,205$17,174$15,335$13,674$12,178$8,812
12 years$17,424$15,415$13,609$11,994$10,553$7,374
13 years$15,919$13,930$12,159$10,589$9,202$6,205
14 years$14,630$12,662$10,925$9,399$8,067$5,245
15 years$13,514$11,567$9,864$8,383$7,103$4,449
16 years$12,538$10,613$8,943$7,506$6,277$3,786
17 years$11,678$9,774$8,138$6,744$5,566$3,230
18 years$10,914$9,032$7,429$6,077$4,949$2,761
19 years$10,232$8,370$6,801$5,492$4,411$2,365
20 years$9,618$7,778$6,241$4,974$3,940$2,029
21 years$9,064$7,245$5,741$4,514$3,526$1,743
22 years$8,561$6,763$5,291$4,104$3,160$1,499
23 years$8,102$6,325$4,885$3,738$2,837$1,290
24 years$7,682$5,926$4,518$3,409$2,550$1,111
25 years$7,296$5,562$4,185$3,113$2,295$958
26 years$6,941$5,227$3,881$2,847$2,067$826
27 years$6,612$4,919$3,604$2,606$1,863$713
28 years$6,307$4,635$3,350$2,387$1,681$616
29 years$6,024$4,373$3,118$2,189$1,518$532
30 years$5,761$4,130$2,904$2,009$1,372$459
31 years$5,514$3,904$2,707$1,845$1,240$397
32 years$5,284$3,694$2,526$1,696$1,122$343
33 years$5,068$3,498$2,359$1,559$1,015$297
34 years$4,865$3,316$2,204$1,435$919$257
35 years$4,674$3,145$2,060$1,321$833$222
36 years$4,495$2,985$1,927$1,216$754$192
37 years$4,325$2,835$1,804$1,121$684$166
38 years$4,165$2,694$1,689$1,033$620$144
39 years$4,013$2,562$1,583$953$562$124
40 years$3,869$2,437$1,483$879$510$108
41 years$3,733$2,320$1,391$811$463$93
42 years$3,603$2,210$1,305$748$420$81
43 years$3,480$2,105$1,224$691$381$70
44 years$3,362$2,007$1,149$638$346$60
45 years$3,251$1,914$1,079$589$314$52
46 years$3,144$1,826$1,014$544$285$45
47 years$3,042$1,742$952$503$259$39
48 years$2,945$1,663$895$464$235$34
49 years$2,852$1,588$841$429$213$29
50 years$2,763$1,517$791$397$194$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,830,000, adding $4,715 every year, while hoping to spend $44,211 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: 63/15/22 Blend
74$2,830,000$2,830,000$2,830,000$2,830,000
75$3,123,524$2,973,534$2,929,669$3,302,158
76$3,395,083$3,072,197$2,980,772$3,521,934
77$3,692,859$3,174,212$3,032,106$3,756,509
78$4,019,481$3,279,698$3,083,631$4,011,703
79$4,377,841$3,388,776$3,135,306$4,289,536
80$4,771,127$3,501,573$3,187,086$4,592,229
81$5,202,851$3,618,220$3,238,922$4,922,231
82$5,676,881$3,738,852$3,290,765$5,282,236
83$6,197,477$3,863,609$3,342,560$5,675,214
84$6,769,333$3,992,639$3,394,249$6,104,431
85$7,397,619$4,126,093$3,445,770$6,573,488
86$8,088,032$4,264,127$3,497,059$7,086,350
87$8,846,846$4,406,904$3,548,045$7,647,382
88$9,680,974$4,554,592$3,598,655$8,261,395
89$10,598,034$4,707,368$3,648,811$8,933,686
90$11,606,417$4,865,412$3,698,429$9,670,091
91$12,715,367$5,028,913$3,747,422$10,477,037
92$13,935,071$5,198,066$3,795,697$11,361,608
93$15,276,750$5,373,073$3,843,155$12,331,602
94$16,752,770$5,554,146$3,889,692$13,395,615
95$18,376,755$5,741,501$3,935,199$14,563,115
96$20,163,716$5,935,366$3,979,560$15,844,532
97$22,130,190$6,135,975$4,022,651$17,251,358
98$24,294,404$6,343,571$4,064,343$18,796,254
99$26,676,435$6,558,408$4,104,501$20,493,170
100$29,298,410$6,780,749$4,142,980$22,357,475