Can I retire at age 76 with 1,130,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$93,314$92,483$91,672$90,881$90,108$87,434
2 years$46,195$45,335$44,501$43,693$42,908$40,236
3 years$30,491$29,627$28,795$27,994$27,223$24,637
4 years$22,640$21,779$20,955$20,168$19,416$16,935
5 years$17,931$17,075$16,262$15,491$14,759$12,391
6 years$14,793$13,943$13,142$12,388$11,679$9,425
7 years$12,552$11,709$10,921$10,185$9,498$7,359
8 years$10,872$10,037$9,262$8,544$7,879$5,853
9 years$9,566$8,739$7,978$7,278$6,636$4,721
10 years$8,522$7,703$6,955$6,273$5,654$3,847
11 years$7,668$6,858$6,123$5,460$4,862$3,161
12 years$6,957$6,155$5,434$4,789$4,214$2,615
13 years$6,356$5,562$4,855$4,228$3,674$2,173
14 years$5,842$5,056$4,362$3,753$3,221$1,814
15 years$5,396$4,619$3,938$3,347$2,836$1,520
16 years$5,006$4,238$3,571$2,997$2,506$1,277
17 years$4,663$3,903$3,249$2,693$2,222$1,075
18 years$4,358$3,606$2,966$2,427$1,976$907
19 years$4,085$3,342$2,715$2,193$1,761$767
20 years$3,841$3,106$2,492$1,986$1,573$649
21 years$3,619$2,893$2,292$1,802$1,408$549
22 years$3,418$2,700$2,113$1,639$1,262$466
23 years$3,235$2,526$1,951$1,492$1,133$395
24 years$3,067$2,366$1,804$1,361$1,018$336
25 years$2,913$2,221$1,671$1,243$916$285
26 years$2,771$2,087$1,550$1,137$825$243
27 years$2,640$1,964$1,439$1,040$744$206
28 years$2,519$1,851$1,338$953$671$176
29 years$2,405$1,746$1,245$874$606$149
30 years$2,300$1,649$1,160$802$548$127
31 years$2,202$1,559$1,081$737$495$108
32 years$2,110$1,475$1,009$677$448$92
33 years$2,024$1,397$942$623$405$79
34 years$1,943$1,324$880$573$367$67
35 years$1,866$1,256$823$527$332$57
36 years$1,795$1,192$770$486$301$49
37 years$1,727$1,132$720$448$273$41
38 years$1,663$1,076$675$413$248$35
39 years$1,602$1,023$632$380$224$30
40 years$1,545$973$592$351$204$26
41 years$1,490$926$555$324$185$22
42 years$1,439$882$521$299$168$19
43 years$1,389$841$489$276$152$16
44 years$1,343$801$459$255$138$14
45 years$1,298$764$431$235$125$12
46 years$1,255$729$405$217$114$10
47 years$1,215$696$380$201$103$8
48 years$1,176$664$357$185$94$7
49 years$1,139$634$336$171$85$6
50 years$1,103$606$316$158$77$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,130,000, adding $3,671 every year, while hoping to spend $20,635 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: 63/32/5 Blend
75$1,130,000$1,130,000$1,130,000$1,130,000
76$1,249,047$1,189,157$1,171,642$1,326,575
77$1,354,494$1,225,470$1,188,936$1,414,967
78$1,470,005$1,262,871$1,206,118$1,508,661
79$1,596,585$1,301,391$1,223,163$1,610,410
80$1,735,341$1,341,063$1,240,043$1,720,991
81$1,887,490$1,381,920$1,256,729$1,841,262
82$2,054,376$1,423,995$1,273,191$1,972,162
83$2,237,476$1,467,325$1,289,397$2,114,730
84$2,438,420$1,511,945$1,305,313$2,270,106
85$2,659,000$1,557,892$1,320,902$2,439,545
86$2,901,194$1,605,204$1,336,128$2,624,431
87$3,167,177$1,653,921$1,350,949$2,826,286
88$3,459,347$1,704,081$1,365,324$3,046,786
89$3,780,346$1,755,726$1,379,208$3,287,775
90$4,133,083$1,808,898$1,392,553$3,551,287
91$4,520,764$1,863,641$1,405,311$3,839,558
92$4,946,921$1,919,999$1,417,428$4,155,054
93$5,415,445$1,978,017$1,428,850$4,500,486
94$5,930,622$2,037,742$1,439,518$4,878,846
95$6,497,176$2,099,221$1,449,372$5,293,424
96$7,120,309$2,162,505$1,458,348$5,747,846
97$7,805,756$2,227,642$1,466,377$6,246,106
98$8,559,832$2,294,685$1,473,390$6,792,603
99$9,389,497$2,363,687$1,479,311$7,392,183
100$10,302,420$2,434,702$1,484,062$8,050,185