Can I retire at age 76 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$118,088$117,036$116,010$115,008$114,030$111,455
2 years$58,459$57,371$56,316$55,292$54,300$51,719
3 years$38,586$37,492$36,440$35,426$34,450$31,944
4 years$28,651$27,561$26,519$25,523$24,570$22,159
5 years$22,692$21,608$20,580$19,604$18,678$16,368
6 years$18,720$17,645$16,631$15,677$14,779$12,573
7 years$15,884$14,818$13,821$12,889$12,019$9,917
8 years$13,758$12,702$11,721$10,812$9,971$7,972
9 years$12,106$11,059$10,095$9,210$8,397$6,500
10 years$10,785$9,748$8,801$7,939$7,155$5,357
11 years$9,704$8,678$7,749$6,909$6,153$4,453
12 years$8,805$7,789$6,877$6,060$5,332$3,726
13 years$8,044$7,039$6,144$5,350$4,650$3,135
14 years$7,393$6,398$5,520$4,749$4,076$2,650
15 years$6,828$5,845$4,984$4,236$3,589$2,248
16 years$6,335$5,363$4,519$3,793$3,172$1,913
17 years$5,901$4,939$4,112$3,408$2,812$1,632
18 years$5,515$4,564$3,754$3,071$2,501$1,395
19 years$5,170$4,230$3,436$2,775$2,229$1,195
20 years$4,860$3,930$3,154$2,513$1,991$1,025
21 years$4,580$3,661$2,901$2,281$1,782$881
22 years$4,326$3,417$2,674$2,074$1,597$757
23 years$4,094$3,196$2,469$1,889$1,434$652
24 years$3,882$2,995$2,283$1,723$1,289$562
25 years$3,687$2,810$2,114$1,573$1,159$484
26 years$3,507$2,641$1,961$1,438$1,044$418
27 years$3,341$2,486$1,821$1,317$942$360
28 years$3,187$2,342$1,693$1,206$850$311
29 years$3,044$2,210$1,575$1,106$767$269
30 years$2,911$2,087$1,467$1,015$693$232
31 years$2,786$1,973$1,368$932$627$201
32 years$2,670$1,867$1,276$857$567$173
33 years$2,561$1,768$1,192$788$513$150
34 years$2,458$1,675$1,114$725$465$130
35 years$2,362$1,589$1,041$667$421$112
36 years$2,271$1,508$974$615$381$97
37 years$2,185$1,432$912$566$346$84
38 years$2,104$1,361$854$522$313$73
39 years$2,028$1,295$800$481$284$63
40 years$1,955$1,232$750$444$258$54
41 years$1,886$1,172$703$410$234$47
42 years$1,821$1,117$659$378$212$41
43 years$1,758$1,064$619$349$192$35
44 years$1,699$1,014$581$322$175$31
45 years$1,643$967$545$298$159$26
46 years$1,589$922$512$275$144$23
47 years$1,537$880$481$254$131$20
48 years$1,488$840$452$235$119$17
49 years$1,441$803$425$217$108$15
50 years$1,396$767$400$200$98$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,430,000, adding $3,177 every year, while hoping to spend $25,166 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: 70/9/21 Blend
75$1,430,000$1,430,000$1,430,000$1,430,000
76$1,579,137$1,503,347$1,481,182$1,681,274
77$1,713,433$1,550,235$1,504,025$1,796,744
78$1,860,583$1,598,576$1,526,790$1,919,830
79$2,021,872$1,648,417$1,549,448$2,053,944
80$2,198,716$1,699,802$1,571,967$2,200,174
81$2,392,672$1,752,779$1,594,315$2,359,720
82$2,605,457$1,807,397$1,616,456$2,533,904
83$2,838,960$1,863,707$1,638,355$2,724,179
84$3,095,266$1,921,760$1,659,971$2,932,149
85$3,376,666$1,981,609$1,681,263$3,159,580
86$3,685,688$2,043,310$1,702,188$3,408,416
87$4,025,115$2,106,920$1,722,698$3,680,799
88$4,398,014$2,172,496$1,742,746$3,979,091
89$4,807,762$2,240,099$1,762,278$4,305,890
90$5,258,081$2,309,790$1,781,242$4,664,063
91$5,753,070$2,381,635$1,799,578$5,056,764
92$6,297,246$2,455,697$1,817,226$5,487,472
93$6,895,584$2,532,046$1,834,123$5,960,017
94$7,553,568$2,610,750$1,850,200$6,478,620
95$8,277,237$2,691,882$1,865,387$7,047,932
96$9,073,246$2,775,515$1,879,608$7,673,078
97$9,948,928$2,861,726$1,892,786$8,359,704
98$10,912,361$2,950,593$1,904,836$9,114,031
99$11,972,446$3,042,196$1,915,673$9,942,915
100$13,138,991$3,136,620$1,925,203$10,853,909