Can I retire at age 76 with 1,350,000?

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 $1,350,000?

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$111,482$110,489$109,520$108,574$107,651$107,197
2 years$55,189$54,161$53,165$52,199$51,262$50,804
3 years$36,427$35,395$34,401$33,445$32,523$32,075
4 years$27,048$26,019$25,035$24,095$23,196$22,761
5 years$21,422$20,399$19,428$18,507$17,633$17,213
6 years$17,673$16,657$15,701$14,800$13,952$13,547
7 years$14,996$13,989$13,048$12,168$11,347$10,957
8 years$12,989$11,991$11,065$10,208$9,413$9,039
9 years$11,429$10,440$9,531$8,695$7,927$7,568
10 years$10,181$9,203$8,309$7,495$6,755$6,411
11 years$9,161$8,193$7,315$6,523$5,809$5,480
12 years$8,312$7,353$6,492$5,721$5,034$4,720
13 years$7,594$6,645$5,800$5,051$4,390$4,090
14 years$6,979$6,040$5,211$4,484$3,848$3,562
15 years$6,446$5,518$4,705$3,999$3,388$3,116
16 years$5,981$5,063$4,266$3,580$2,994$2,735
17 years$5,571$4,662$3,882$3,217$2,655$2,409
18 years$5,206$4,308$3,544$2,899$2,361$2,127
19 years$4,881$3,993$3,244$2,620$2,104$1,883
20 years$4,588$3,710$2,977$2,373$1,880$1,670
21 years$4,324$3,456$2,738$2,153$1,682$1,483
22 years$4,084$3,226$2,524$1,958$1,508$1,320
23 years$3,865$3,017$2,330$1,783$1,353$1,176
24 years$3,665$2,827$2,155$1,626$1,216$1,049
25 years$3,481$2,653$1,996$1,485$1,095$937
26 years$3,311$2,493$1,851$1,358$986$837
27 years$3,154$2,347$1,719$1,243$889$749
28 years$3,009$2,211$1,598$1,139$802$671
29 years$2,874$2,086$1,487$1,044$724$601
30 years$2,748$1,970$1,385$958$654$539
31 years$2,631$1,862$1,291$880$592$483
32 years$2,521$1,762$1,205$809$535$433
33 years$2,418$1,669$1,125$744$484$389
34 years$2,321$1,582$1,051$684$439$349
35 years$2,230$1,500$983$630$397$314
36 years$2,144$1,424$919$580$360$282
37 years$2,063$1,352$861$535$326$253
38 years$1,987$1,285$806$493$296$228
39 years$1,914$1,222$755$454$268$205
40 years$1,846$1,163$708$419$243$184
41 years$1,781$1,107$664$387$221$166
42 years$1,719$1,054$622$357$200$149
43 years$1,660$1,004$584$329$182$134
44 years$1,604$957$548$304$165$121
45 years$1,551$913$515$281$150$109
46 years$1,500$871$484$259$136$98
47 years$1,451$831$454$240$123$88
48 years$1,405$793$427$222$112$79
49 years$1,361$758$401$205$102$71
50 years$1,318$724$377$189$92$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,350,000, adding $4,040 every year, while hoping to spend $26,847 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: 65/21/14 Blend
75$1,350,000$1,350,000$1,350,000$1,350,000
76$1,491,867$1,420,317$1,399,392$1,583,646
77$1,615,473$1,461,348$1,417,707$1,686,533
78$1,750,786$1,503,489$1,435,735$1,795,423
79$1,898,973$1,546,767$1,453,439$1,913,740
80$2,061,318$1,591,208$1,470,779$2,042,405
81$2,239,235$1,636,840$1,487,713$2,182,429
82$2,434,280$1,683,688$1,504,195$2,334,928
83$2,648,170$1,731,782$1,520,178$2,501,129
84$2,882,792$1,781,148$1,535,613$2,682,386
85$3,140,228$1,831,815$1,550,447$2,880,186
86$3,422,769$1,883,812$1,564,624$3,096,169
87$3,732,940$1,937,167$1,578,088$3,332,143
88$4,073,521$1,991,910$1,590,775$3,590,096
89$4,447,576$2,048,069$1,602,622$3,872,219
90$4,858,478$2,105,675$1,613,560$4,180,928
91$5,309,947$2,164,756$1,623,517$4,518,880
92$5,806,076$2,225,344$1,632,420$4,889,005
93$6,351,377$2,287,467$1,640,188$5,294,530
94$6,950,822$2,351,157$1,646,738$5,739,010
95$7,609,885$2,416,443$1,651,983$6,226,362
96$8,334,600$2,483,356$1,655,831$6,760,900
97$9,131,614$2,551,925$1,658,186$7,347,379
98$10,008,250$2,622,181$1,658,947$7,991,036
99$10,972,578$2,694,153$1,658,008$8,697,643
100$12,033,486$2,767,873$1,655,256$9,473,558