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%16.9%
1 years$121,391$120,310$119,255$118,225$117,220$113,924
2 years$60,095$58,975$57,891$56,839$55,819$52,524
3 years$39,665$38,541$37,459$36,417$35,414$32,222
4 years$29,452$28,332$27,261$26,237$25,257$22,194
5 years$23,326$22,212$21,155$20,152$19,200$16,274
6 years$19,244$18,138$17,097$16,116$15,193$12,405
7 years$16,329$15,232$14,207$13,250$12,356$9,708
8 years$14,143$13,057$12,049$11,115$10,250$7,740
9 years$12,444$11,368$10,378$9,467$8,632$6,257
10 years$11,086$10,021$9,048$8,161$7,355$5,113
11 years$9,976$8,921$7,965$7,103$6,326$4,212
12 years$9,051$8,007$7,069$6,230$5,482$3,492
13 years$8,269$7,236$6,316$5,500$4,780$2,911
14 years$7,599$6,577$5,675$4,882$4,190$2,437
15 years$7,020$6,008$5,124$4,354$3,689$2,047
16 years$6,513$5,513$4,645$3,899$3,261$1,725
17 years$6,066$5,077$4,227$3,503$2,891$1,457
18 years$5,669$4,691$3,859$3,157$2,571$1,233
19 years$5,315$4,348$3,532$2,852$2,291$1,045
20 years$4,996$4,040$3,242$2,583$2,047$887
21 years$4,708$3,763$2,982$2,345$1,831$753
22 years$4,447$3,513$2,748$2,132$1,642$641
23 years$4,208$3,286$2,538$1,942$1,474$546
24 years$3,990$3,078$2,347$1,771$1,325$465
25 years$3,790$2,889$2,174$1,617$1,192$396
26 years$3,605$2,715$2,016$1,479$1,074$338
27 years$3,435$2,555$1,872$1,353$968$288
28 years$3,276$2,408$1,740$1,240$873$246
29 years$3,129$2,271$1,619$1,137$789$210
30 years$2,992$2,145$1,508$1,044$713$180
31 years$2,864$2,028$1,406$958$644$153
32 years$2,745$1,919$1,312$881$583$131
33 years$2,633$1,817$1,225$810$527$112
34 years$2,527$1,722$1,145$745$478$96
35 years$2,428$1,633$1,070$686$433$82
36 years$2,335$1,550$1,001$632$392$70
37 years$2,247$1,473$937$582$355$60
38 years$2,163$1,399$877$537$322$51
39 years$2,084$1,331$822$495$292$44
40 years$2,010$1,266$771$456$265$37
41 years$1,939$1,205$723$421$240$32
42 years$1,872$1,148$678$389$218$27
43 years$1,808$1,094$636$359$198$23
44 years$1,747$1,042$597$331$180$20
45 years$1,689$994$561$306$163$17
46 years$1,633$948$526$283$148$15
47 years$1,580$905$495$261$134$13
48 years$1,530$864$465$241$122$11
49 years$1,481$825$437$223$111$9
50 years$1,435$788$411$206$101$8

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 $5,006 every year, while hoping to spend $38,732 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: 36/44/20 Blend
75$1,470,000$1,470,000$1,470,000$1,470,000
76$1,625,104$1,547,194$1,524,409$1,673,594
77$1,749,654$1,581,796$1,534,266$1,744,027
78$1,885,610$1,616,795$1,543,155$1,816,039
79$2,034,094$1,652,170$1,551,003$1,892,983
80$2,196,343$1,687,898$1,557,733$1,975,322
81$2,373,716$1,723,951$1,563,263$2,063,566
82$2,567,712$1,760,301$1,567,509$2,158,279
83$2,779,980$1,796,917$1,570,382$2,260,082
84$3,012,335$1,833,763$1,571,787$2,369,661
85$3,266,777$1,870,802$1,571,626$2,487,770
86$3,545,509$1,907,992$1,569,796$2,615,244
87$3,850,956$1,945,288$1,566,189$2,753,001
88$4,185,788$1,982,642$1,560,691$2,902,055
89$4,552,947$2,020,000$1,553,183$3,063,524
90$4,955,673$2,057,305$1,543,539$3,238,641
91$5,397,534$2,094,495$1,531,630$3,428,767
92$5,882,460$2,131,504$1,517,318$3,635,400
93$6,414,783$2,168,259$1,500,460$3,860,198
94$6,999,270$2,204,683$1,480,904$4,104,983
95$7,641,175$2,240,692$1,458,494$4,371,771
96$8,346,286$2,276,197$1,433,065$4,662,782
97$9,120,978$2,311,102$1,404,444$4,980,464
98$9,972,275$2,345,303$1,372,450$5,327,520
99$10,907,914$2,378,690$1,336,894$5,706,930
100$11,936,421$2,411,145$1,297,579$6,121,979