Can I retire at age 76 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$124,694$123,584$122,500$121,442$120,410$117,166
2 years$61,730$60,580$59,466$58,386$57,338$54,093
3 years$40,744$39,590$38,478$37,408$36,377$33,233
4 years$30,254$29,103$28,002$26,951$25,945$22,925
5 years$23,961$22,817$21,731$20,701$19,723$16,836
6 years$19,767$18,632$17,562$16,554$15,606$12,855
7 years$16,773$15,647$14,594$13,610$12,692$10,077
8 years$14,528$13,412$12,377$11,417$10,529$8,048
9 years$12,783$11,678$10,660$9,725$8,867$6,519
10 years$11,388$10,293$9,294$8,383$7,555$5,336
11 years$10,247$9,164$8,182$7,296$6,498$4,404
12 years$9,297$8,225$7,261$6,399$5,631$3,659
13 years$8,494$7,433$6,488$5,650$4,910$3,056
14 years$7,806$6,756$5,829$5,015$4,304$2,564
15 years$7,211$6,172$5,263$4,473$3,790$2,158
16 years$6,690$5,663$4,772$4,005$3,349$1,822
17 years$6,231$5,215$4,342$3,598$2,970$1,542
18 years$5,823$4,819$3,964$3,243$2,641$1,308
19 years$5,459$4,466$3,629$2,930$2,354$1,111
20 years$5,132$4,150$3,330$2,654$2,102$945
21 years$4,836$3,866$3,063$2,408$1,881$805
22 years$4,568$3,608$2,823$2,190$1,686$686
23 years$4,323$3,375$2,607$1,994$1,514$586
24 years$4,099$3,162$2,411$1,819$1,361$500
25 years$3,893$2,967$2,233$1,661$1,224$427
26 years$3,703$2,789$2,071$1,519$1,103$365
27 years$3,528$2,625$1,923$1,390$994$313
28 years$3,365$2,473$1,788$1,274$897$267
29 years$3,214$2,333$1,664$1,168$810$229
30 years$3,074$2,204$1,549$1,072$732$196
31 years$2,942$2,083$1,445$985$662$168
32 years$2,819$1,971$1,348$905$599$144
33 years$2,704$1,867$1,258$832$542$123
34 years$2,596$1,769$1,176$766$491$106
35 years$2,494$1,678$1,099$705$444$90
36 years$2,398$1,593$1,028$649$403$78
37 years$2,308$1,513$963$598$365$66
38 years$2,222$1,438$901$551$331$57
39 years$2,141$1,367$844$508$300$49
40 years$2,064$1,301$792$469$272$42
41 years$1,992$1,238$742$433$247$36
42 years$1,922$1,179$696$399$224$31
43 years$1,857$1,123$653$368$203$26
44 years$1,794$1,071$613$340$184$23
45 years$1,734$1,021$576$314$167$19
46 years$1,678$974$541$290$152$17
47 years$1,623$930$508$268$138$14
48 years$1,571$887$477$248$125$12
49 years$1,522$847$449$229$114$10
50 years$1,474$809$422$212$103$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,510,000, adding $3,059 every year, while hoping to spend $53,304 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: 43/49/8 Blend
75$1,510,000$1,510,000$1,510,000$1,510,000
76$1,667,175$1,587,145$1,563,740$1,734,884
77$1,780,512$1,608,200$1,559,411$1,803,278
78$1,903,623$1,628,501$1,553,149$1,871,658
79$2,037,448$1,647,953$1,544,835$1,944,514
80$2,183,023$1,666,457$1,534,342$2,022,274
81$2,341,485$1,683,908$1,521,537$2,105,412
82$2,514,088$1,700,191$1,506,280$2,194,452
83$2,702,210$1,715,186$1,488,426$2,289,975
84$2,907,369$1,728,763$1,467,821$2,392,618
85$3,131,235$1,740,786$1,444,307$2,503,092
86$3,375,645$1,751,109$1,417,716$2,622,177
87$3,642,623$1,759,576$1,387,871$2,750,738
88$3,934,397$1,766,021$1,354,591$2,889,731
89$4,253,419$1,770,270$1,317,684$3,040,213
90$4,602,389$1,772,134$1,276,947$3,203,349
91$4,984,280$1,771,417$1,232,173$3,380,430
92$5,402,366$1,767,906$1,183,140$3,572,880
93$5,860,253$1,761,378$1,129,621$3,782,275
94$6,361,909$1,751,596$1,071,374$4,010,353
95$6,911,708$1,738,309$1,008,148$4,259,036
96$7,514,464$1,721,247$939,683$4,530,448
97$8,175,480$1,700,130$865,704$4,826,933
98$8,900,598$1,674,655$785,924$5,151,082
99$9,696,252$1,644,506$700,045$5,505,754
100$10,569,528$1,609,345$607,755$5,894,111