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%13.8%
1 years$121,391$120,310$119,255$118,225$117,220$115,373
2 years$60,095$58,975$57,891$56,839$55,819$53,963
3 years$39,665$38,541$37,459$36,417$35,414$33,607
4 years$29,452$28,332$27,261$26,237$25,257$23,513
5 years$23,326$22,212$21,155$20,152$19,200$17,523
6 years$19,244$18,138$17,097$16,116$15,193$13,585
7 years$16,329$15,232$14,207$13,250$12,356$10,818
8 years$14,143$13,057$12,049$11,115$10,250$8,783
9 years$12,444$11,368$10,378$9,467$8,632$7,234
10 years$11,086$10,021$9,048$8,161$7,355$6,025
11 years$9,976$8,921$7,965$7,103$6,326$5,062
12 years$9,051$8,007$7,069$6,230$5,482$4,283
13 years$8,269$7,236$6,316$5,500$4,780$3,645
14 years$7,599$6,577$5,675$4,882$4,190$3,116
15 years$7,020$6,008$5,124$4,354$3,689$2,675
16 years$6,513$5,513$4,645$3,899$3,261$2,304
17 years$6,066$5,077$4,227$3,503$2,891$1,989
18 years$5,669$4,691$3,859$3,157$2,571$1,722
19 years$5,315$4,348$3,532$2,852$2,291$1,494
20 years$4,996$4,040$3,242$2,583$2,047$1,298
21 years$4,708$3,763$2,982$2,345$1,831$1,129
22 years$4,447$3,513$2,748$2,132$1,642$984
23 years$4,208$3,286$2,538$1,942$1,474$858
24 years$3,990$3,078$2,347$1,771$1,325$749
25 years$3,790$2,889$2,174$1,617$1,192$655
26 years$3,605$2,715$2,016$1,479$1,074$572
27 years$3,435$2,555$1,872$1,353$968$501
28 years$3,276$2,408$1,740$1,240$873$438
29 years$3,129$2,271$1,619$1,137$789$384
30 years$2,992$2,145$1,508$1,044$713$336
31 years$2,864$2,028$1,406$958$644$295
32 years$2,745$1,919$1,312$881$583$258
33 years$2,633$1,817$1,225$810$527$227
34 years$2,527$1,722$1,145$745$478$199
35 years$2,428$1,633$1,070$686$433$174
36 years$2,335$1,550$1,001$632$392$153
37 years$2,247$1,473$937$582$355$134
38 years$2,163$1,399$877$537$322$118
39 years$2,084$1,331$822$495$292$104
40 years$2,010$1,266$771$456$265$91
41 years$1,939$1,205$723$421$240$80
42 years$1,872$1,148$678$389$218$70
43 years$1,808$1,094$636$359$198$62
44 years$1,747$1,042$597$331$180$54
45 years$1,689$994$561$306$163$48
46 years$1,633$948$526$283$148$42
47 years$1,580$905$495$261$134$37
48 years$1,530$864$465$241$122$32
49 years$1,481$825$437$223$111$28
50 years$1,435$788$411$206$101$25

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 $2,934 every year, while hoping to spend $41,678 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: 65/16/19 Blend
75$1,470,000$1,470,000$1,470,000$1,470,000
76$1,622,966$1,545,056$1,522,271$1,720,530
77$1,744,164$1,576,419$1,528,922$1,817,728
78$1,876,327$1,607,922$1,534,399$1,918,871
79$2,020,529$1,639,527$1,538,619$2,028,413
80$2,177,954$1,671,195$1,541,494$2,147,175
81$2,349,903$1,702,881$1,542,932$2,276,067
82$2,537,810$1,734,539$1,542,836$2,416,086
83$2,743,252$1,766,117$1,541,107$2,568,336
84$2,967,966$1,797,559$1,537,636$2,734,030
85$3,213,866$1,828,807$1,532,314$2,914,507
86$3,483,057$1,859,795$1,525,024$3,111,243
87$3,777,859$1,890,455$1,515,642$3,325,862
88$4,100,827$1,920,713$1,504,042$3,560,157
89$4,454,772$1,950,489$1,490,088$3,816,104
90$4,842,793$1,979,697$1,473,640$4,095,879
91$5,268,301$2,008,246$1,454,551$4,401,882
92$5,735,055$2,036,037$1,432,665$4,736,758
93$6,247,193$2,062,965$1,407,822$5,103,423
94$6,809,275$2,088,919$1,379,853$5,505,091
95$7,426,323$2,113,778$1,348,580$5,945,305
96$8,103,869$2,137,414$1,313,818$6,427,968
97$8,848,006$2,159,690$1,275,373$6,957,386
98$9,665,448$2,180,459$1,233,043$7,538,302
99$10,563,589$2,199,568$1,186,616$8,175,947
100$11,550,578$2,216,849$1,135,870$8,876,085