Can I retire at age 76 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$96,618$95,757$94,917$94,098$93,297$90,858
2 years$47,830$46,940$46,076$45,239$44,427$41,986
3 years$31,570$30,676$29,814$28,985$28,187$25,820
4 years$23,442$22,550$21,697$20,882$20,103$17,829
5 years$18,566$17,679$16,838$16,040$15,282$13,107
6 years$15,316$14,436$13,608$12,827$12,092$10,019
7 years$12,996$12,124$11,308$10,546$9,834$7,863
8 years$11,257$10,392$9,590$8,847$8,158$6,287
9 years$9,905$9,048$8,260$7,535$6,870$5,098
10 years$8,824$7,976$7,201$6,496$5,854$4,179
11 years$7,940$7,100$6,340$5,653$5,035$3,453
12 years$7,204$6,373$5,626$4,958$4,363$2,873
13 years$6,581$5,759$5,027$4,378$3,805$2,403
14 years$6,048$5,235$4,517$3,886$3,335$2,019
15 years$5,587$4,782$4,078$3,466$2,936$1,702
16 years$5,184$4,388$3,697$3,103$2,595$1,439
17 years$4,828$4,041$3,364$2,788$2,301$1,219
18 years$4,512$3,734$3,071$2,513$2,046$1,036
19 years$4,230$3,461$2,812$2,270$1,824$881
20 years$3,976$3,216$2,580$2,056$1,629$751
21 years$3,747$2,995$2,373$1,866$1,458$640
22 years$3,539$2,796$2,187$1,697$1,307$547
23 years$3,350$2,615$2,020$1,545$1,173$467
24 years$3,176$2,450$1,868$1,409$1,054$400
25 years$3,016$2,299$1,730$1,287$949$342
26 years$2,869$2,161$1,605$1,177$855$293
27 years$2,734$2,034$1,490$1,077$770$251
28 years$2,608$1,916$1,385$987$695$215
29 years$2,491$1,808$1,289$905$628$184
30 years$2,382$1,707$1,201$831$567$158
31 years$2,280$1,614$1,119$763$513$136
32 years$2,185$1,527$1,044$701$464$116
33 years$2,095$1,446$975$645$420$100
34 years$2,011$1,371$911$593$380$86
35 years$1,933$1,300$852$546$344$74
36 years$1,858$1,234$797$503$312$63
37 years$1,788$1,172$746$463$283$54
38 years$1,722$1,114$698$427$256$47
39 years$1,659$1,059$654$394$232$40
40 years$1,600$1,008$613$363$211$34
41 years$1,543$959$575$335$191$30
42 years$1,490$914$539$309$174$25
43 years$1,439$870$506$286$157$22
44 years$1,390$830$475$264$143$19
45 years$1,344$791$446$243$130$16
46 years$1,300$755$419$225$118$14
47 years$1,258$720$394$208$107$12
48 years$1,218$688$370$192$97$10
49 years$1,179$657$348$177$88$9
50 years$1,142$627$327$164$80$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,170,000, adding $2,242 every year, while hoping to spend $36,806 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: 57/27/16 Blend
75$1,170,000$1,170,000$1,170,000$1,170,000
76$1,291,653$1,229,643$1,211,508$1,359,768
77$1,384,240$1,250,734$1,212,932$1,427,317
78$1,485,037$1,271,625$1,213,170$1,496,683
79$1,594,844$1,292,267$1,212,144$1,571,431
80$1,714,538$1,312,608$1,209,771$1,652,086
81$1,845,087$1,332,593$1,205,965$1,739,223
82$1,987,556$1,352,159$1,200,634$1,833,481
83$2,143,116$1,371,244$1,193,685$1,935,562
84$2,313,057$1,389,779$1,185,017$2,046,239
85$2,498,800$1,407,689$1,174,525$2,166,366
86$2,701,907$1,424,895$1,162,102$2,296,887
87$2,924,101$1,441,314$1,147,631$2,438,838
88$3,167,276$1,456,855$1,130,994$2,593,366
89$3,433,520$1,471,423$1,112,064$2,761,733
90$3,725,131$1,484,915$1,090,710$2,945,333
91$4,044,640$1,497,221$1,066,794$3,145,702
92$4,394,835$1,508,227$1,040,174$3,364,535
93$4,778,785$1,517,807$1,010,697$3,603,699
94$5,199,872$1,525,831$978,206$3,865,256
95$5,661,820$1,532,157$942,537$4,151,478
96$6,168,731$1,536,638$903,517$4,464,871
97$6,725,124$1,539,115$860,966$4,808,199
98$7,335,974$1,539,420$814,697$5,184,510
99$8,006,765$1,537,373$764,511$5,597,164
100$8,743,536$1,532,785$710,203$6,049,867