Can I retire at age 76 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$113,959$112,944$111,954$110,987$110,043$108,803
2 years$56,415$55,365$54,346$53,359$52,401$51,153
3 years$37,237$36,181$35,166$34,188$33,246$32,028
4 years$27,649$26,597$25,592$24,630$23,711$22,533
5 years$21,898$20,853$19,860$18,918$18,025$16,890
6 years$18,065$17,028$16,050$15,129$14,262$13,172
7 years$15,329$14,300$13,338$12,439$11,599$10,554
8 years$13,277$12,258$11,311$10,434$9,623$8,623
9 years$11,683$10,672$9,742$8,888$8,104$7,148
10 years$10,407$9,407$8,494$7,661$6,905$5,993
11 years$9,365$8,375$7,478$6,668$5,938$5,070
12 years$8,497$7,517$6,636$5,848$5,146$4,320
13 years$7,763$6,793$5,929$5,163$4,487$3,703
14 years$7,134$6,175$5,327$4,583$3,934$3,189
15 years$6,590$5,641$4,810$4,088$3,463$2,758
16 years$6,114$5,175$4,361$3,660$3,061$2,394
17 years$5,695$4,766$3,968$3,288$2,714$2,083
18 years$5,322$4,404$3,622$2,964$2,413$1,818
19 years$4,989$4,082$3,316$2,678$2,151$1,589
20 years$4,690$3,793$3,043$2,425$1,921$1,392
21 years$4,420$3,533$2,799$2,201$1,719$1,221
22 years$4,174$3,298$2,580$2,001$1,541$1,073
23 years$3,951$3,084$2,382$1,823$1,383$944
24 years$3,746$2,890$2,203$1,662$1,243$831
25 years$3,558$2,712$2,041$1,518$1,119$732
26 years$3,384$2,549$1,893$1,388$1,008$646
27 years$3,224$2,399$1,757$1,271$909$570
28 years$3,076$2,260$1,634$1,164$820$504
29 years$2,938$2,132$1,520$1,068$740$445
30 years$2,809$2,014$1,416$980$669$393
31 years$2,689$1,904$1,320$900$605$348
32 years$2,577$1,801$1,232$827$547$308
33 years$2,471$1,706$1,150$760$495$273
34 years$2,372$1,617$1,075$700$448$241
35 years$2,279$1,533$1,005$644$406$214
36 years$2,192$1,455$940$593$368$189
37 years$2,109$1,382$880$547$333$168
38 years$2,031$1,314$824$504$302$149
39 years$1,957$1,249$772$464$274$132
40 years$1,887$1,189$723$428$249$117
41 years$1,820$1,131$678$395$226$103
42 years$1,757$1,078$636$365$205$92
43 years$1,697$1,027$597$337$186$81
44 years$1,640$979$560$311$169$72
45 years$1,585$933$526$287$153$64
46 years$1,533$890$494$265$139$57
47 years$1,484$850$464$245$126$50
48 years$1,436$811$436$226$115$45
49 years$1,391$774$410$209$104$40
50 years$1,347$740$386$193$95$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,380,000, adding $2,758 every year, while hoping to spend $45,955 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: 55/39/6 Blend
75$1,380,000$1,380,000$1,380,000$1,380,000
76$1,523,605$1,450,465$1,429,075$1,605,254
77$1,630,117$1,472,642$1,428,053$1,682,816
78$1,745,953$1,494,365$1,425,457$1,761,869
79$1,872,015$1,515,565$1,421,185$1,846,806
80$2,009,297$1,536,164$1,415,131$1,938,191
81$2,158,892$1,556,082$1,407,184$2,036,647
82$2,322,001$1,575,232$1,397,227$2,142,859
83$2,499,949$1,593,523$1,385,138$2,257,586
84$2,694,193$1,610,854$1,370,789$2,381,660
85$2,906,335$1,627,121$1,354,046$2,516,004
86$3,138,142$1,642,211$1,334,767$2,661,633
87$3,391,558$1,656,004$1,312,807$2,819,667
88$3,668,721$1,668,373$1,288,010$2,991,340
89$3,971,989$1,679,181$1,260,217$3,178,017
90$4,303,956$1,688,285$1,229,258$3,381,199
91$4,667,478$1,695,529$1,194,957$3,602,544
92$5,065,701$1,700,751$1,157,128$3,843,882
93$5,502,091$1,703,776$1,115,580$4,107,228
94$5,980,463$1,704,419$1,070,111$4,394,808
95$6,505,019$1,702,485$1,020,509$4,709,076
96$7,080,388$1,697,764$966,553$5,052,738
97$7,711,669$1,690,035$908,013$5,428,779
98$8,404,476$1,679,064$844,648$5,840,493
99$9,164,995$1,664,600$776,207$6,291,511
100$10,000,040$1,646,381$702,425$6,785,838