Can I retire at age 76 with 1,530,000?

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 $1,530,000?

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$126,346$125,221$124,123$123,051$122,004$118,574
2 years$62,548$61,383$60,254$59,159$58,097$54,668
3 years$41,284$40,114$38,988$37,904$36,859$33,538
4 years$30,655$29,488$28,373$27,308$26,288$23,100
5 years$24,278$23,119$22,019$20,975$19,984$16,938
6 years$20,029$18,878$17,795$16,774$15,813$12,911
7 years$16,995$15,854$14,787$13,791$12,860$10,104
8 years$14,721$13,590$12,541$11,569$10,669$8,056
9 years$12,952$11,832$10,801$9,854$8,984$6,513
10 years$11,539$10,430$9,417$8,494$7,655$5,321
11 years$10,383$9,285$8,291$7,392$6,584$4,384
12 years$9,420$8,334$7,358$6,484$5,705$3,635
13 years$8,606$7,531$6,574$5,725$4,975$3,030
14 years$7,910$6,846$5,906$5,082$4,361$2,537
15 years$7,306$6,254$5,333$4,532$3,840$2,131
16 years$6,778$5,738$4,835$4,058$3,394$1,795
17 years$6,313$5,284$4,399$3,646$3,009$1,516
18 years$5,901$4,883$4,016$3,286$2,676$1,283
19 years$5,532$4,525$3,677$2,969$2,385$1,087
20 years$5,200$4,205$3,374$2,689$2,130$923
21 years$4,900$3,917$3,104$2,440$1,906$784
22 years$4,628$3,656$2,860$2,219$1,709$667
23 years$4,380$3,420$2,641$2,021$1,534$568
24 years$4,153$3,204$2,443$1,843$1,379$484
25 years$3,945$3,007$2,262$1,683$1,241$412
26 years$3,752$2,826$2,098$1,539$1,117$352
27 years$3,575$2,660$1,948$1,409$1,007$300
28 years$3,410$2,506$1,811$1,291$909$256
29 years$3,257$2,364$1,686$1,184$821$219
30 years$3,114$2,233$1,570$1,086$742$187
31 years$2,981$2,111$1,464$998$671$160
32 years$2,857$1,997$1,366$917$607$136
33 years$2,740$1,891$1,275$843$549$117
34 years$2,630$1,793$1,191$776$497$100
35 years$2,527$1,700$1,114$714$450$85
36 years$2,430$1,614$1,042$658$408$73
37 years$2,338$1,533$975$606$370$62
38 years$2,252$1,457$913$559$335$53
39 years$2,170$1,385$856$515$304$46
40 years$2,092$1,318$802$475$276$39
41 years$2,018$1,254$752$438$250$33
42 years$1,948$1,195$705$404$227$28
43 years$1,881$1,138$662$373$206$24
44 years$1,818$1,085$621$345$187$21
45 years$1,757$1,035$583$318$170$18
46 years$1,700$987$548$294$154$15
47 years$1,645$942$515$272$140$13
48 years$1,592$899$484$251$127$11
49 years$1,542$859$455$232$115$10
50 years$1,494$820$428$214$105$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,530,000, adding $6,280 every year, while hoping to spend $55,658 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: 41/35/24 Blend
75$1,530,000$1,530,000$1,530,000$1,530,000
76$1,692,538$1,611,448$1,587,733$1,749,753
77$1,805,957$1,631,189$1,581,702$1,811,152
78$1,929,080$1,650,032$1,573,604$1,871,816
79$2,062,836$1,667,875$1,563,311$1,936,377
80$2,208,252$1,684,606$1,550,687$2,005,223
81$2,366,452$1,700,111$1,535,594$2,078,787
82$2,538,677$1,714,263$1,517,883$2,157,546
83$2,726,290$1,726,930$1,497,401$2,242,030
84$2,930,793$1,737,971$1,473,985$2,332,825
85$3,153,838$1,747,236$1,447,468$2,430,580
86$3,397,243$1,754,563$1,417,671$2,536,015
87$3,663,009$1,759,784$1,384,410$2,649,926
88$3,953,339$1,762,717$1,347,491$2,773,192
89$4,270,659$1,763,169$1,306,711$2,906,791
90$4,617,639$1,760,938$1,261,859$3,051,800
91$4,997,219$1,755,805$1,212,713$3,209,415
92$5,412,637$1,747,541$1,159,040$3,380,955
93$5,867,457$1,735,902$1,100,599$3,567,882
94$6,365,605$1,720,628$1,037,136$3,771,811
95$6,911,404$1,701,445$968,387$3,994,530
96$7,509,614$1,678,063$894,075$4,238,014
97$8,165,478$1,650,172$813,910$4,504,448
98$8,884,772$1,617,446$727,592$4,796,246
99$9,673,856$1,579,538$634,803$5,116,077
100$10,539,736$1,536,082$535,216$5,466,889