Can I retire at age 75 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$241,957$239,801$237,699$235,646$233,642$231,588
2 years$119,781$117,550$115,388$113,292$111,258$109,188
3 years$79,060$76,820$74,664$72,587$70,587$68,565
4 years$58,704$56,471$54,336$52,295$50,343$48,385
5 years$46,494$44,274$42,167$40,167$38,270$36,382
6 years$38,356$36,153$34,077$32,122$30,282$28,466
7 years$32,546$30,361$28,318$26,409$24,627$22,884
8 years$28,190$26,025$24,016$22,154$20,431$18,760
9 years$24,804$22,660$20,685$18,870$17,206$15,607
10 years$22,097$19,973$18,034$16,267$14,660$13,133
11 years$19,884$17,781$15,877$14,157$12,608$11,151
12 years$18,040$15,959$14,090$12,417$10,926$9,538
13 years$16,482$14,423$12,589$10,963$9,528$8,207
14 years$15,147$13,110$11,311$9,731$8,352$7,097
15 years$13,991$11,976$10,212$8,679$7,354$6,162
16 years$12,981$10,988$9,259$7,771$6,499$5,370
17 years$12,091$10,119$8,425$6,982$5,763$4,693
18 years$11,300$9,351$7,691$6,292$5,124$4,112
19 years$10,593$8,666$7,041$5,686$4,567$3,611
20 years$9,958$8,053$6,462$5,149$4,079$3,177
21 years$9,384$7,501$5,944$4,673$3,651$2,800
22 years$8,863$7,002$5,478$4,249$3,272$2,471
23 years$8,388$6,549$5,058$3,870$2,937$2,184
24 years$7,953$6,136$4,678$3,530$2,640$1,932
25 years$7,554$5,758$4,332$3,223$2,376$1,710
26 years$7,186$5,412$4,018$2,947$2,140$1,516
27 years$6,846$5,093$3,731$2,698$1,929$1,344
28 years$6,530$4,799$3,469$2,472$1,741$1,193
29 years$6,237$4,527$3,228$2,267$1,572$1,059
30 years$5,964$4,276$3,007$2,080$1,420$941
31 years$5,709$4,042$2,803$1,910$1,284$837
32 years$5,471$3,824$2,615$1,756$1,162$744
33 years$5,247$3,622$2,442$1,615$1,051$662
34 years$5,037$3,433$2,282$1,486$952$589
35 years$4,840$3,256$2,133$1,368$862$524
36 years$4,654$3,090$1,995$1,259$781$467
37 years$4,478$2,935$1,868$1,160$708$415
38 years$4,312$2,789$1,749$1,070$642$370
39 years$4,155$2,652$1,639$986$582$330
40 years$4,006$2,524$1,536$910$528$294
41 years$3,865$2,402$1,440$839$479$262
42 years$3,730$2,288$1,351$775$435$233
43 years$3,603$2,180$1,268$715$394$208
44 years$3,481$2,078$1,190$660$358$185
45 years$3,366$1,981$1,117$610$325$165
46 years$3,255$1,890$1,049$563$295$147
47 years$3,150$1,804$986$520$268$131
48 years$3,049$1,722$926$481$243$117
49 years$2,953$1,644$871$444$221$104
50 years$2,861$1,571$819$411$201$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 75 starting with $2,930,000, adding $4,987 every year, while hoping to spend $47,221 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: 73/13/14 Blend
74$2,930,000$2,930,000$2,930,000$2,930,000
75$3,234,004$3,078,714$3,033,299$3,459,919
76$3,513,630$3,179,328$3,084,672$3,710,758
77$3,820,195$3,283,290$3,136,183$3,979,142
78$4,156,396$3,390,713$3,187,787$4,271,859
79$4,525,207$3,501,716$3,239,436$4,591,307
80$4,929,899$3,616,422$3,291,078$4,940,129
81$5,374,079$3,734,956$3,342,659$5,321,234
82$5,861,716$3,857,450$3,394,120$5,737,827
83$6,397,186$3,984,040$3,445,398$6,193,437
84$6,985,308$4,114,867$3,496,427$6,691,950
85$7,631,389$4,250,075$3,547,138$7,237,646
86$8,341,279$4,389,817$3,597,455$7,835,240
87$9,121,420$4,534,248$3,647,300$8,489,924
88$9,978,908$4,683,530$3,696,588$9,207,419
89$10,921,565$4,837,831$3,745,231$9,994,025
90$11,958,003$4,997,324$3,793,136$10,856,682
91$13,097,716$5,162,189$3,840,202$11,803,037
92$14,351,158$5,332,612$3,886,324$12,841,511
93$15,729,853$5,508,786$3,931,392$13,981,383
94$17,246,493$5,690,911$3,975,289$15,232,877
95$18,915,064$5,879,195$4,017,890$16,607,252
96$20,750,976$6,073,852$4,059,065$18,116,917
97$22,771,209$6,275,103$4,098,677$19,775,542
98$24,994,470$6,483,181$4,136,581$21,598,186
99$27,441,373$6,698,323$4,172,623$23,601,442
100$30,134,629$6,920,778$4,206,642$25,803,594