Can I retire at age 76 with 1,370,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$113,133$112,126$111,142$110,183$109,246$107,348
2 years$56,007$54,964$53,953$52,972$52,022$50,116
3 years$36,967$35,919$34,911$33,940$33,005$31,150
4 years$27,449$26,404$25,406$24,452$23,539$21,750
5 years$21,740$20,701$19,716$18,781$17,894$16,176
6 years$17,935$16,904$15,934$15,020$14,159$12,513
7 years$15,218$14,196$13,241$12,348$11,515$9,942
8 years$13,181$12,169$11,229$10,359$9,553$8,053
9 years$11,598$10,595$9,672$8,823$8,045$6,617
10 years$10,332$9,339$8,432$7,606$6,855$5,498
11 years$9,297$8,314$7,424$6,619$5,895$4,607
12 years$8,435$7,462$6,588$5,806$5,109$3,888
13 years$7,706$6,744$5,886$5,126$4,455$3,300
14 years$7,082$6,130$5,289$4,550$3,905$2,814
15 years$6,542$5,600$4,775$4,058$3,438$2,409
16 years$6,070$5,138$4,329$3,633$3,039$2,069
17 years$5,653$4,732$3,939$3,265$2,694$1,781
18 years$5,284$4,372$3,596$2,942$2,396$1,538
19 years$4,953$4,052$3,292$2,658$2,135$1,330
20 years$4,656$3,765$3,021$2,408$1,907$1,152
21 years$4,388$3,507$2,779$2,185$1,707$999
22 years$4,144$3,274$2,561$1,987$1,530$868
23 years$3,922$3,062$2,365$1,809$1,373$755
24 years$3,719$2,869$2,187$1,650$1,234$657
25 years$3,532$2,692$2,026$1,507$1,111$572
26 years$3,360$2,530$1,879$1,378$1,001$499
27 years$3,201$2,381$1,745$1,261$902$435
28 years$3,053$2,244$1,622$1,156$814$379
29 years$2,916$2,117$1,509$1,060$735$331
30 years$2,789$1,999$1,406$973$664$289
31 years$2,670$1,890$1,311$893$600$253
32 years$2,558$1,788$1,223$821$543$221
33 years$2,453$1,693$1,142$755$492$193
34 years$2,355$1,605$1,067$695$445$169
35 years$2,263$1,522$997$639$403$148
36 years$2,176$1,445$933$589$365$129
37 years$2,094$1,372$873$543$331$113
38 years$2,016$1,304$818$500$300$99
39 years$1,943$1,240$766$461$272$86
40 years$1,873$1,180$718$425$247$76
41 years$1,807$1,123$673$392$224$66
42 years$1,744$1,070$632$362$203$58
43 years$1,685$1,019$593$334$184$51
44 years$1,628$972$556$309$167$44
45 years$1,574$926$522$285$152$39
46 years$1,522$884$491$263$138$34
47 years$1,473$843$461$243$125$30
48 years$1,426$805$433$225$114$26
49 years$1,381$769$407$208$103$23
50 years$1,338$734$383$192$94$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,370,000, adding $5,685 every year, while hoping to spend $27,718 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: 27/49/24 Blend
75$1,370,000$1,370,000$1,370,000$1,370,000
76$1,515,604$1,442,994$1,421,759$1,544,970
77$1,640,704$1,484,209$1,439,896$1,609,983
78$1,777,635$1,526,515$1,457,712$1,676,945
79$1,927,575$1,569,935$1,475,166$1,748,263
80$2,091,820$1,614,494$1,492,217$1,824,325
81$2,271,799$1,660,217$1,508,819$1,905,556
82$2,469,083$1,707,129$1,524,926$1,992,428
83$2,685,406$1,755,255$1,540,488$2,085,454
84$2,922,675$1,804,620$1,555,452$2,185,203
85$3,182,992$1,855,250$1,569,762$2,292,301
86$3,468,669$1,907,170$1,583,362$2,407,433
87$3,782,258$1,960,406$1,596,189$2,531,357
88$4,126,566$2,014,983$1,608,179$2,664,905
89$4,504,687$2,070,929$1,619,265$2,808,995
90$4,920,029$2,128,267$1,629,373$2,964,636
91$5,376,345$2,187,025$1,638,430$3,132,940
92$5,877,771$2,247,229$1,646,356$3,315,130
93$6,428,863$2,308,902$1,653,069$3,512,556
94$7,034,640$2,372,072$1,658,480$3,726,703
95$7,700,633$2,436,763$1,662,499$3,959,205
96$8,432,934$2,503,001$1,665,029$4,211,865
97$9,238,255$2,570,810$1,665,969$4,486,667
98$10,123,991$2,640,214$1,665,213$4,785,799
99$11,098,291$2,711,236$1,662,650$5,111,669
100$12,170,131$2,783,901$1,658,164$5,466,931