Can I retire at age 76 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$112,308$111,307$110,331$109,379$108,448$106,302
2 years$55,598$54,562$53,559$52,586$51,642$49,489
3 years$36,697$35,657$34,656$33,692$32,764$30,671
4 years$27,248$26,212$25,221$24,273$23,367$21,351
5 years$21,581$20,550$19,572$18,644$17,764$15,829
6 years$17,804$16,781$15,817$14,910$14,056$12,205
7 years$15,107$14,093$13,144$12,258$11,431$9,665
8 years$13,085$12,080$11,147$10,283$9,483$7,801
9 years$11,513$10,518$9,601$8,759$7,986$6,387
10 years$10,257$9,271$8,371$7,550$6,805$5,287
11 years$9,229$8,253$7,369$6,571$5,852$4,414
12 years$8,374$7,408$6,540$5,764$5,071$3,711
13 years$7,650$6,694$5,843$5,088$4,422$3,137
14 years$7,031$6,085$5,250$4,517$3,877$2,664
15 years$6,494$5,559$4,740$4,028$3,413$2,271
16 years$6,025$5,100$4,298$3,607$3,017$1,942
17 years$5,612$4,697$3,911$3,241$2,675$1,665
18 years$5,245$4,340$3,570$2,921$2,378$1,431
19 years$4,917$4,022$3,268$2,639$2,120$1,232
20 years$4,622$3,738$2,999$2,390$1,893$1,063
21 years$4,356$3,482$2,759$2,169$1,694$918
22 years$4,114$3,250$2,543$1,972$1,519$793
23 years$3,893$3,040$2,348$1,796$1,363$687
24 years$3,692$2,848$2,171$1,638$1,225$595
25 years$3,506$2,673$2,011$1,496$1,103$516
26 years$3,335$2,512$1,865$1,368$993$447
27 years$3,178$2,364$1,732$1,252$896$388
28 years$3,031$2,228$1,610$1,147$808$337
29 years$2,895$2,101$1,498$1,052$730$293
30 years$2,768$1,985$1,396$966$659$254
31 years$2,650$1,876$1,301$887$596$221
32 years$2,539$1,775$1,214$815$539$192
33 years$2,436$1,681$1,133$749$488$167
34 years$2,338$1,593$1,059$690$442$145
35 years$2,246$1,511$990$635$400$127
36 years$2,160$1,434$926$585$363$110
37 years$2,078$1,362$867$539$329$96
38 years$2,001$1,295$812$496$298$83
39 years$1,928$1,231$761$458$270$73
40 years$1,859$1,171$713$422$245$63
41 years$1,794$1,115$668$390$222$55
42 years$1,731$1,062$627$360$202$48
43 years$1,672$1,012$588$332$183$42
44 years$1,616$964$552$306$166$36
45 years$1,562$920$519$283$151$32
46 years$1,511$877$487$261$137$28
47 years$1,462$837$458$242$124$24
48 years$1,415$799$430$223$113$21
49 years$1,371$763$404$206$103$18
50 years$1,328$729$380$191$93$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,360,000, adding $4,485 every year, while hoping to spend $37,992 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: 56/34/10 Blend
75$1,360,000$1,360,000$1,360,000$1,360,000
76$1,503,346$1,431,266$1,410,186$1,583,606
77$1,616,264$1,460,975$1,417,004$1,668,066
78$1,739,427$1,490,866$1,422,777$1,755,428
79$1,873,838$1,520,909$1,427,431$1,849,673
80$2,020,605$1,551,069$1,430,885$1,951,464
81$2,180,945$1,581,309$1,433,057$2,061,530
82$2,356,197$1,611,589$1,433,861$2,180,676
83$2,547,839$1,641,866$1,433,204$2,309,787
84$2,757,494$1,672,093$1,430,992$2,449,840
85$2,986,952$1,702,219$1,427,124$2,601,910
86$3,238,182$1,732,190$1,421,494$2,767,183
87$3,513,355$1,761,945$1,413,992$2,946,965
88$3,814,859$1,791,422$1,404,503$3,142,695
89$4,145,326$1,820,553$1,392,905$3,355,962
90$4,507,652$1,849,263$1,379,071$3,588,514
91$4,905,031$1,877,475$1,362,867$3,842,278
92$5,340,976$1,905,104$1,344,155$4,119,380
93$5,819,360$1,932,058$1,322,789$4,422,163
94$6,344,448$1,958,242$1,298,616$4,753,207
95$6,920,937$1,983,552$1,271,475$5,115,358
96$7,554,003$2,007,876$1,241,200$5,511,754
97$8,249,347$2,031,097$1,207,615$5,945,852
98$9,013,247$2,053,088$1,170,538$6,421,465
99$9,852,624$2,073,715$1,129,776$6,942,793
100$10,775,097$2,092,833$1,085,129$7,514,469