Can I retire at age 76 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$121,391$120,310$119,255$118,225$117,220$115,851
2 years$60,095$58,975$57,891$56,839$55,819$54,441
3 years$39,665$38,541$37,459$36,417$35,414$34,070
4 years$29,452$28,332$27,261$26,237$25,257$23,958
5 years$23,326$22,212$21,155$20,152$19,200$17,949
6 years$19,244$18,138$17,097$16,116$15,193$13,990
7 years$16,329$15,232$14,207$13,250$12,356$11,203
8 years$14,143$13,057$12,049$11,115$10,250$9,148
9 years$12,444$11,368$10,378$9,467$8,632$7,579
10 years$11,086$10,021$9,048$8,161$7,355$6,351
11 years$9,976$8,921$7,965$7,103$6,326$5,369
12 years$9,051$8,007$7,069$6,230$5,482$4,572
13 years$8,269$7,236$6,316$5,500$4,780$3,916
14 years$7,599$6,577$5,675$4,882$4,190$3,371
15 years$7,020$6,008$5,124$4,354$3,689$2,913
16 years$6,513$5,513$4,645$3,899$3,261$2,526
17 years$6,066$5,077$4,227$3,503$2,891$2,197
18 years$5,669$4,691$3,859$3,157$2,571$1,916
19 years$5,315$4,348$3,532$2,852$2,291$1,674
20 years$4,996$4,040$3,242$2,583$2,047$1,465
21 years$4,708$3,763$2,982$2,345$1,831$1,284
22 years$4,447$3,513$2,748$2,132$1,642$1,128
23 years$4,208$3,286$2,538$1,942$1,474$991
24 years$3,990$3,078$2,347$1,771$1,325$872
25 years$3,790$2,889$2,174$1,617$1,192$768
26 years$3,605$2,715$2,016$1,479$1,074$677
27 years$3,435$2,555$1,872$1,353$968$597
28 years$3,276$2,408$1,740$1,240$873$527
29 years$3,129$2,271$1,619$1,137$789$465
30 years$2,992$2,145$1,508$1,044$713$411
31 years$2,864$2,028$1,406$958$644$363
32 years$2,745$1,919$1,312$881$583$321
33 years$2,633$1,817$1,225$810$527$284
34 years$2,527$1,722$1,145$745$478$251
35 years$2,428$1,633$1,070$686$433$222
36 years$2,335$1,550$1,001$632$392$197
37 years$2,247$1,473$937$582$355$174
38 years$2,163$1,399$877$537$322$154
39 years$2,084$1,331$822$495$292$136
40 years$2,010$1,266$771$456$265$121
41 years$1,939$1,205$723$421$240$107
42 years$1,872$1,148$678$389$218$95
43 years$1,808$1,094$636$359$198$84
44 years$1,747$1,042$597$331$180$74
45 years$1,689$994$561$306$163$66
46 years$1,633$948$526$283$148$58
47 years$1,580$905$495$261$134$52
48 years$1,530$864$465$241$122$46
49 years$1,481$825$437$223$111$41
50 years$1,435$788$411$206$101$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,470,000, adding $5,582 every year, while hoping to spend $34,425 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: 58/17/25 Blend
75$1,470,000$1,470,000$1,470,000$1,470,000
76$1,625,698$1,547,788$1,525,003$1,708,684
77$1,754,891$1,587,002$1,539,462$1,805,204
78$1,896,108$1,626,983$1,553,253$1,906,244
79$2,050,539$1,667,733$1,566,315$2,015,683
80$2,219,495$1,709,253$1,578,587$2,134,341
81$2,404,418$1,751,540$1,590,004$2,263,123
82$2,606,897$1,794,594$1,600,497$2,403,027
83$2,828,681$1,838,410$1,609,995$2,555,153
84$3,071,697$1,882,983$1,618,420$2,720,710
85$3,338,068$1,928,307$1,625,695$2,901,035
86$3,630,130$1,974,372$1,631,735$3,097,596
87$3,950,456$2,021,170$1,636,451$3,312,016
88$4,301,883$2,068,688$1,639,753$3,546,080
89$4,687,532$2,116,911$1,641,542$3,801,757
90$5,110,844$2,165,823$1,641,717$4,081,216
91$5,575,607$2,215,405$1,640,171$4,386,847
92$6,085,994$2,265,635$1,636,792$4,721,286
93$6,646,604$2,316,489$1,631,463$5,087,436
94$7,262,501$2,367,941$1,624,060$5,488,499
95$7,939,264$2,419,958$1,614,455$5,928,002
96$8,683,041$2,472,508$1,602,511$6,409,833
97$9,500,604$2,525,553$1,588,087$6,938,277
98$10,399,412$2,579,052$1,571,035$7,518,056
99$11,387,686$2,632,959$1,551,198$8,154,377
100$12,474,481$2,687,226$1,528,414$8,852,977