Can I retire at age 76 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$117,262$116,218$115,199$114,204$113,233$110,272
2 years$58,051$56,969$55,922$54,906$53,920$50,957
3 years$38,316$37,230$36,185$35,179$34,209$31,337
4 years$28,451$27,368$26,333$25,344$24,398$21,639
5 years$22,533$21,457$20,436$19,467$18,547$15,908
6 years$18,589$17,521$16,515$15,568$14,676$12,160
7 years$15,773$14,714$13,724$12,799$11,935$9,543
8 years$13,662$12,613$11,639$10,737$9,902$7,631
9 years$12,021$10,982$10,025$9,145$8,339$6,188
10 years$10,709$9,680$8,740$7,883$7,105$5,071
11 years$9,636$8,617$7,694$6,861$6,110$4,191
12 years$8,743$7,735$6,829$6,018$5,295$3,487
13 years$7,988$6,990$6,101$5,313$4,617$2,916
14 years$7,341$6,354$5,482$4,716$4,048$2,450
15 years$6,781$5,804$4,949$4,206$3,564$2,065
16 years$6,291$5,325$4,487$3,766$3,150$1,746
17 years$5,860$4,904$4,083$3,384$2,793$1,480
18 years$5,476$4,532$3,727$3,049$2,483$1,257
19 years$5,134$4,200$3,412$2,755$2,213$1,069
20 years$4,826$3,903$3,132$2,496$1,977$911
21 years$4,548$3,635$2,880$2,265$1,769$777
22 years$4,295$3,393$2,655$2,059$1,586$664
23 years$4,065$3,174$2,451$1,875$1,424$567
24 years$3,855$2,974$2,267$1,711$1,280$485
25 years$3,661$2,791$2,100$1,562$1,151$415
26 years$3,483$2,623$1,947$1,428$1,037$356
27 years$3,318$2,468$1,808$1,307$935$305
28 years$3,165$2,326$1,681$1,198$844$261
29 years$3,023$2,194$1,564$1,098$762$224
30 years$2,891$2,072$1,457$1,008$688$192
31 years$2,767$1,959$1,358$926$622$165
32 years$2,651$1,854$1,267$851$563$141
33 years$2,543$1,755$1,183$782$509$121
34 years$2,441$1,664$1,106$720$461$104
35 years$2,346$1,578$1,034$663$418$89
36 years$2,255$1,498$967$610$379$77
37 years$2,170$1,422$905$562$343$66
38 years$2,090$1,352$848$518$311$57
39 years$2,014$1,285$794$478$282$49
40 years$1,941$1,223$744$441$256$42
41 years$1,873$1,164$698$407$232$36
42 years$1,808$1,109$655$375$211$31
43 years$1,746$1,056$614$347$191$26
44 years$1,687$1,007$577$320$173$23
45 years$1,631$960$541$295$158$19
46 years$1,578$916$509$273$143$17
47 years$1,527$874$478$252$130$14
48 years$1,478$835$449$233$118$12
49 years$1,431$797$422$215$107$11
50 years$1,386$761$397$199$97$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,420,000, adding $2,618 every year, while hoping to spend $28,783 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: 69/15/16 Blend
75$1,420,000$1,420,000$1,420,000$1,420,000
76$1,567,540$1,492,280$1,470,270$1,669,636
77$1,696,805$1,534,777$1,488,900$1,780,463
78$1,838,289$1,578,392$1,507,188$1,898,012
79$1,993,210$1,623,148$1,525,094$2,025,897
80$2,162,906$1,669,072$1,542,574$2,165,132
81$2,348,853$1,716,186$1,559,580$2,316,836
82$2,552,674$1,764,518$1,576,064$2,482,239
83$2,776,159$1,814,090$1,591,974$2,662,696
84$3,021,276$1,864,931$1,607,255$2,859,702
85$3,290,198$1,917,063$1,621,849$3,074,900
86$3,585,312$1,970,514$1,635,696$3,310,103
87$3,909,254$2,025,308$1,648,731$3,567,305
88$4,264,921$2,081,473$1,660,887$3,848,704
89$4,655,510$2,139,032$1,672,094$4,156,723
90$5,084,540$2,198,012$1,682,276$4,494,029
91$5,555,887$2,258,438$1,691,356$4,863,561
92$6,073,822$2,320,336$1,699,251$5,268,557
93$6,643,050$2,383,731$1,705,875$5,712,585
94$7,268,755$2,448,647$1,711,135$6,199,575
95$7,956,647$2,515,110$1,714,938$6,733,857
96$8,713,018$2,583,144$1,717,182$7,320,203
97$9,544,801$2,652,773$1,717,762$7,963,870
98$10,459,631$2,724,020$1,716,568$8,670,651
99$11,465,924$2,796,907$1,713,483$9,446,929
100$12,572,950$2,871,457$1,708,387$10,299,736