Can I retire at age 76 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$105,701$104,760$103,841$102,944$102,069$101,003
2 years$52,327$51,353$50,408$49,493$48,604$47,531
3 years$34,538$33,560$32,618$31,710$30,837$29,789
4 years$25,646$24,670$23,737$22,846$21,993$20,979
5 years$20,311$19,341$18,421$17,548$16,719$15,742
6 years$16,756$15,794$14,887$14,033$13,229$12,290
7 years$14,218$13,264$12,371$11,537$10,759$9,858
8 years$12,315$11,369$10,492$9,678$8,925$8,063
9 years$10,836$9,899$9,036$8,244$7,516$6,692
10 years$9,653$8,726$7,878$7,106$6,404$5,618
11 years$8,686$7,768$6,936$6,185$5,508$4,758
12 years$7,881$6,972$6,155$5,425$4,773$4,060
13 years$7,200$6,301$5,499$4,789$4,162$3,484
14 years$6,617$5,727$4,941$4,251$3,649$3,005
15 years$6,112$5,232$4,461$3,791$3,212$2,602
16 years$5,671$4,800$4,045$3,395$2,839$2,261
17 years$5,282$4,421$3,681$3,050$2,517$1,971
18 years$4,936$4,085$3,360$2,749$2,238$1,722
19 years$4,628$3,786$3,076$2,484$1,995$1,508
20 years$4,350$3,518$2,823$2,250$1,782$1,323
21 years$4,100$3,277$2,596$2,042$1,595$1,162
22 years$3,872$3,059$2,393$1,856$1,429$1,023
23 years$3,664$2,861$2,210$1,691$1,283$901
24 years$3,475$2,680$2,043$1,542$1,153$794
25 years$3,300$2,515$1,893$1,408$1,038$701
26 years$3,139$2,364$1,755$1,288$935$620
27 years$2,991$2,225$1,630$1,179$843$548
28 years$2,853$2,097$1,515$1,080$761$485
29 years$2,725$1,978$1,410$990$687$429
30 years$2,606$1,868$1,313$909$621$380
31 years$2,494$1,766$1,225$835$561$336
32 years$2,390$1,671$1,142$767$507$298
33 years$2,292$1,582$1,067$705$459$264
34 years$2,201$1,500$997$649$416$234
35 years$2,114$1,422$932$597$377$208
36 years$2,033$1,350$872$550$341$185
37 years$1,956$1,282$816$507$309$164
38 years$1,884$1,219$764$467$280$145
39 years$1,815$1,159$716$431$254$129
40 years$1,750$1,102$671$397$231$115
41 years$1,688$1,049$629$367$209$102
42 years$1,630$999$590$338$190$90
43 years$1,574$952$554$312$172$80
44 years$1,521$908$520$288$156$71
45 years$1,470$866$488$266$142$63
46 years$1,422$826$458$246$129$56
47 years$1,376$788$431$227$117$50
48 years$1,332$752$405$210$106$44
49 years$1,290$718$380$194$97$39
50 years$1,250$686$358$179$88$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,280,000, adding $4,224 every year, while hoping to spend $57,799 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: 68/8/24 Blend
75$1,280,000$1,280,000$1,280,000$1,280,000
76$1,414,917$1,347,077$1,327,237$1,502,183
77$1,497,741$1,351,586$1,310,202$1,565,756
78$1,587,076$1,354,379$1,290,659$1,628,244
79$1,683,524$1,355,311$1,268,463$1,695,254
80$1,787,750$1,354,227$1,243,462$1,767,232
81$1,900,480$1,350,963$1,215,498$1,844,670
82$2,022,515$1,345,347$1,184,404$1,928,113
83$2,154,736$1,337,194$1,150,006$2,018,162
84$2,298,111$1,326,308$1,112,122$2,115,480
85$2,453,702$1,312,481$1,070,562$2,220,801
86$2,622,682$1,295,494$1,025,128$2,334,935
87$2,806,336$1,275,114$975,610$2,458,773
88$3,006,081$1,251,094$921,793$2,593,305
89$3,223,476$1,223,172$863,447$2,739,618
90$3,460,234$1,191,071$800,336$2,898,916
91$3,718,243$1,154,498$732,212$3,072,526
92$3,999,578$1,113,143$658,815$3,261,914
93$4,306,524$1,066,676$579,875$3,468,699
94$4,641,597$1,014,751$495,109$3,694,665
95$5,007,566$956,999$404,220$3,941,784
96$5,407,478$893,032$306,902$4,212,230
97$5,844,689$822,439$202,831$4,508,404
98$6,322,893$744,785$91,672$4,832,956
99$6,846,158$659,610$0$5,188,807
100$7,418,964$566,428$0$5,586,086