Can I retire at age 76 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$94,966$94,120$93,295$92,489$91,703$90,035
2 years$47,013$46,137$45,289$44,466$43,668$41,994
3 years$31,031$30,151$29,305$28,490$27,705$26,077
4 years$23,041$22,164$21,326$20,525$19,759$18,189
5 years$18,248$17,377$16,550$15,765$15,021$13,513
6 years$15,055$14,190$13,375$12,608$11,885$10,442
7 years$12,774$11,916$11,115$10,365$9,666$8,288
8 years$11,064$10,215$9,426$8,695$8,019$6,705
9 years$9,735$8,894$8,119$7,407$6,753$5,503
10 years$8,673$7,839$7,078$6,384$5,754$4,566
11 years$7,804$6,979$6,231$5,556$4,949$3,822
12 years$7,081$6,264$5,530$4,874$4,288$3,221
13 years$6,469$5,661$4,941$4,303$3,739$2,730
14 years$5,945$5,145$4,439$3,820$3,278$2,325
15 years$5,491$4,700$4,008$3,406$2,886$1,988
16 years$5,095$4,313$3,634$3,050$2,551$1,705
17 years$4,745$3,972$3,307$2,740$2,262$1,466
18 years$4,435$3,670$3,019$2,470$2,011$1,263
19 years$4,158$3,401$2,763$2,232$1,792$1,091
20 years$3,908$3,161$2,536$2,021$1,601$944
21 years$3,683$2,944$2,333$1,834$1,433$817
22 years$3,479$2,748$2,150$1,668$1,284$709
23 years$3,292$2,570$1,985$1,519$1,153$615
24 years$3,122$2,408$1,836$1,385$1,036$535
25 years$2,965$2,260$1,700$1,265$932$465
26 years$2,820$2,124$1,577$1,157$840$405
27 years$2,687$1,999$1,464$1,059$757$352
28 years$2,563$1,884$1,361$970$683$307
29 years$2,448$1,777$1,267$890$617$267
30 years$2,341$1,678$1,180$816$557$233
31 years$2,241$1,586$1,100$750$504$203
32 years$2,147$1,501$1,026$689$456$177
33 years$2,059$1,422$958$634$413$155
34 years$1,977$1,347$895$583$374$135
35 years$1,900$1,278$837$537$338$118
36 years$1,826$1,213$783$494$307$103
37 years$1,758$1,152$733$455$278$90
38 years$1,692$1,095$686$420$252$79
39 years$1,631$1,041$643$387$228$69
40 years$1,572$990$603$357$207$60
41 years$1,517$943$565$329$188$52
42 years$1,464$898$530$304$171$46
43 years$1,414$856$498$281$155$40
44 years$1,366$816$467$259$141$35
45 years$1,321$778$439$239$128$31
46 years$1,278$742$412$221$116$27
47 years$1,236$708$387$204$105$23
48 years$1,197$676$364$189$96$20
49 years$1,159$645$342$174$87$18
50 years$1,123$617$321$161$79$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,150,000, adding $2,489 every year, while hoping to spend $45,029 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: 69/17/14 Blend
75$1,150,000$1,150,000$1,150,000$1,150,000
76$1,269,867$1,208,917$1,191,092$1,353,293
77$1,351,483$1,220,244$1,183,083$1,420,423
78$1,439,915$1,230,616$1,173,297$1,488,224
79$1,535,810$1,239,940$1,161,626$1,561,245
80$1,639,880$1,248,115$1,147,958$1,639,992
81$1,752,910$1,255,034$1,132,177$1,725,026
82$1,875,759$1,260,584$1,114,157$1,816,963
83$2,009,378$1,264,643$1,093,772$1,916,485
84$2,154,807$1,267,083$1,070,887$2,024,342
85$2,313,195$1,267,768$1,045,359$2,141,362
86$2,485,804$1,266,552$1,017,042$2,268,458
87$2,674,025$1,263,282$985,781$2,406,637
88$2,879,386$1,257,793$951,416$2,557,010
89$3,103,571$1,249,912$913,776$2,720,802
90$3,348,433$1,239,456$872,685$2,899,363
91$3,616,013$1,226,229$827,960$3,094,183
92$3,908,556$1,210,024$779,406$3,306,906
93$4,228,535$1,190,622$726,823$3,539,344
94$4,578,673$1,167,790$669,999$3,793,495
95$4,961,969$1,141,282$608,715$4,071,565
96$5,381,723$1,110,838$542,740$4,375,982
97$5,841,571$1,076,182$471,835$4,709,429
98$6,345,518$1,037,022$395,748$5,074,862
99$6,897,973$993,048$314,217$5,475,540
100$7,503,792$943,933$226,969$5,915,060