Can I retire at age 76 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$108,179$107,215$106,275$105,357$104,461$104,021
2 years$53,554$52,556$51,590$50,653$49,743$49,299
3 years$35,348$34,346$33,382$32,454$31,559$31,124
4 years$26,247$25,248$24,294$23,381$22,508$22,086
5 years$20,787$19,795$18,853$17,959$17,110$16,703
6 years$17,149$16,164$15,236$14,362$13,539$13,146
7 years$14,551$13,574$12,661$11,808$11,011$10,633
8 years$12,604$11,636$10,738$9,905$9,135$8,771
9 years$11,090$10,131$9,248$8,437$7,693$7,344
10 years$9,880$8,930$8,063$7,273$6,554$6,221
11 years$8,890$7,950$7,098$6,329$5,637$5,318
12 years$8,066$7,135$6,300$5,552$4,885$4,580
13 years$7,369$6,448$5,628$4,901$4,260$3,969
14 years$6,772$5,861$5,057$4,351$3,734$3,456
15 years$6,255$5,354$4,566$3,880$3,288$3,023
16 years$5,804$4,913$4,140$3,474$2,906$2,654
17 years$5,406$4,524$3,767$3,122$2,576$2,338
18 years$5,052$4,181$3,439$2,813$2,291$2,064
19 years$4,736$3,875$3,148$2,542$2,042$1,827
20 years$4,452$3,600$2,889$2,302$1,824$1,620
21 years$4,196$3,354$2,657$2,089$1,632$1,439
22 years$3,963$3,131$2,449$1,900$1,463$1,281
23 years$3,750$2,928$2,261$1,730$1,313$1,141
24 years$3,556$2,743$2,091$1,578$1,180$1,018
25 years$3,377$2,574$1,937$1,441$1,062$909
26 years$3,213$2,420$1,797$1,318$957$813
27 years$3,061$2,277$1,668$1,206$863$727
28 years$2,920$2,146$1,551$1,105$778$651
29 years$2,789$2,024$1,443$1,013$703$583
30 years$2,667$1,912$1,344$930$635$523
31 years$2,553$1,807$1,253$854$574$469
32 years$2,446$1,710$1,169$785$519$421
33 years$2,346$1,619$1,092$722$470$378
34 years$2,252$1,535$1,020$664$426$339
35 years$2,164$1,456$954$611$385$305
36 years$2,081$1,382$892$563$349$274
37 years$2,002$1,312$835$519$317$246
38 years$1,928$1,247$782$478$287$221
39 years$1,858$1,186$733$441$260$199
40 years$1,791$1,128$687$407$236$179
41 years$1,728$1,074$644$375$214$161
42 years$1,668$1,023$604$346$194$145
43 years$1,611$975$567$320$176$130
44 years$1,556$929$532$295$160$117
45 years$1,505$886$500$273$145$105
46 years$1,455$845$469$252$132$95
47 years$1,408$806$441$233$120$85
48 years$1,363$770$414$215$109$77
49 years$1,320$735$389$199$99$69
50 years$1,279$702$366$184$90$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,310,000, adding $6,052 every year, while hoping to spend $53,882 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: 44/41/15 Blend
75$1,310,000$1,310,000$1,310,000$1,310,000
76$1,449,863$1,380,433$1,360,128$1,507,137
77$1,540,419$1,390,744$1,348,362$1,558,106
78$1,638,405$1,399,754$1,334,396$1,607,454
79$1,744,524$1,407,344$1,318,100$1,659,777
80$1,859,545$1,413,383$1,299,336$1,715,372
81$1,984,317$1,417,737$1,277,961$1,774,569
82$2,119,770$1,420,259$1,253,827$1,837,734
83$2,266,932$1,420,797$1,226,774$1,905,275
84$2,426,928$1,419,185$1,196,641$1,977,641
85$2,601,000$1,415,251$1,163,254$2,055,335
86$2,790,514$1,408,809$1,126,434$2,138,909
87$2,996,970$1,399,665$1,085,993$2,228,981
88$3,222,022$1,387,610$1,041,735$2,326,230
89$3,467,489$1,372,424$993,455$2,431,414
90$3,735,374$1,353,873$940,936$2,545,370
91$4,027,881$1,331,711$883,956$2,669,025
92$4,347,435$1,305,676$822,279$2,803,406
93$4,696,708$1,275,489$755,660$2,949,652
94$5,078,641$1,240,857$683,844$3,109,023
95$5,496,472$1,201,468$606,561$3,282,914
96$5,953,765$1,156,993$523,534$3,472,867
97$6,454,447$1,107,083$434,470$3,680,593
98$7,002,840$1,051,370$339,065$3,907,981
99$7,603,706$989,463$236,999$4,157,123
100$8,262,287$920,949$127,942$4,430,332