Can I retire at age 75 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$237,828$235,709$233,642$231,625$229,655$227,352
2 years$117,736$115,544$113,419$111,358$109,360$107,039
3 years$77,711$75,509$73,389$71,348$69,382$67,117
4 years$57,703$55,507$53,409$51,402$49,484$47,292
5 years$45,701$43,518$41,447$39,482$37,617$35,504
6 years$37,702$35,536$33,496$31,574$29,765$27,734
7 years$31,991$29,843$27,835$25,959$24,207$22,259
8 years$27,709$25,581$23,606$21,776$20,082$18,216
9 years$24,381$22,273$20,332$18,548$16,912$15,128
10 years$21,720$19,632$17,726$15,989$14,410$12,707
11 years$19,544$17,478$15,606$13,915$12,393$10,770
12 years$17,732$15,687$13,850$12,205$10,739$9,194
13 years$16,200$14,176$12,374$10,776$9,365$7,896
14 years$14,888$12,886$11,118$9,565$8,209$6,814
15 years$13,752$11,772$10,038$8,531$7,228$5,905
16 years$12,759$10,800$9,101$7,638$6,388$5,135
17 years$11,884$9,947$8,281$6,863$5,664$4,478
18 years$11,107$9,191$7,560$6,185$5,036$3,916
19 years$10,413$8,518$6,921$5,589$4,489$3,431
20 years$9,788$7,916$6,351$5,062$4,010$3,012
21 years$9,224$7,373$5,842$4,594$3,588$2,649
22 years$8,712$6,882$5,384$4,177$3,216$2,332
23 years$8,245$6,437$4,972$3,804$2,887$2,056
24 years$7,818$6,031$4,598$3,469$2,595$1,815
25 years$7,425$5,660$4,259$3,168$2,335$1,603
26 years$7,063$5,319$3,950$2,897$2,103$1,417
27 years$6,729$5,006$3,668$2,652$1,896$1,254
28 years$6,419$4,717$3,409$2,429$1,711$1,110
29 years$6,131$4,450$3,173$2,228$1,545$984
30 years$5,862$4,203$2,955$2,045$1,396$872
31 years$5,612$3,973$2,755$1,878$1,262$773
32 years$5,377$3,759$2,571$1,726$1,142$686
33 years$5,158$3,560$2,400$1,587$1,033$608
34 years$4,951$3,374$2,243$1,460$936$540
35 years$4,757$3,200$2,097$1,344$847$479
36 years$4,574$3,038$1,961$1,238$768$426
37 years$4,401$2,885$1,836$1,141$696$378
38 years$4,238$2,742$1,719$1,051$631$336
39 years$4,084$2,607$1,611$969$572$298
40 years$3,937$2,480$1,510$894$519$265
41 years$3,799$2,361$1,416$825$471$236
42 years$3,667$2,249$1,328$761$427$209
43 years$3,541$2,143$1,246$703$388$186
44 years$3,422$2,042$1,170$649$352$166
45 years$3,308$1,948$1,098$599$319$147
46 years$3,200$1,858$1,031$554$290$131
47 years$3,096$1,773$969$511$263$116
48 years$2,997$1,693$911$473$239$103
49 years$2,902$1,616$856$437$217$92
50 years$2,812$1,544$805$404$197$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,880,000, adding $5,798 every year, while hoping to spend $34,981 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: 28/42/30 Blend
74$2,880,000$2,880,000$2,880,000$2,880,000
75$3,179,741$3,027,101$2,982,461$3,239,179
76$3,466,855$3,138,209$3,045,154$3,398,718
77$3,782,082$3,253,589$3,108,774$3,566,613
78$4,128,253$3,373,414$3,173,317$3,746,303
79$4,508,486$3,497,863$3,238,774$3,938,827
80$4,926,216$3,627,122$3,305,138$4,145,323
81$5,385,228$3,761,389$3,372,397$4,367,043
82$5,889,689$3,900,865$3,440,541$4,605,359
83$6,444,193$4,045,763$3,509,555$4,861,777
84$7,053,800$4,196,305$3,579,424$5,137,953
85$7,724,085$4,352,721$3,650,132$5,435,701
86$8,461,188$4,515,251$3,721,658$5,757,018
87$9,271,878$4,684,146$3,793,982$6,104,094
88$10,163,608$4,859,669$3,867,079$6,479,340
89$11,144,594$5,042,090$3,940,924$6,885,401
90$12,223,886$5,231,696$4,015,489$7,325,186
91$13,411,456$5,428,783$4,090,741$7,801,894
92$14,718,291$5,633,660$4,166,647$8,319,041
93$16,156,498$5,846,650$4,243,171$8,880,494
94$17,739,415$6,068,090$4,320,272$9,490,503
95$19,481,741$6,298,332$4,397,907$10,153,748
96$21,399,671$6,537,743$4,476,029$10,875,370
97$23,511,049$6,786,704$4,554,588$11,661,031
98$25,835,540$7,045,616$4,633,530$12,516,956
99$28,394,809$7,314,895$4,712,797$13,449,997
100$31,212,730$7,594,976$4,792,327$14,467,693