Can I retire at age 76 with 1,550,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$127,998$126,857$125,745$124,659$123,599$121,452
2 years$63,365$62,185$61,041$59,932$58,857$56,700
3 years$41,824$40,639$39,498$38,399$37,341$35,243
4 years$31,055$29,874$28,744$27,664$26,632$24,608
5 years$24,596$23,421$22,307$21,249$20,245$18,301
6 years$20,291$19,125$18,027$16,993$16,019$14,157
7 years$17,217$16,061$14,981$13,971$13,028$11,249
8 years$14,913$13,768$12,705$11,720$10,808$9,111
9 years$13,122$11,987$10,943$9,983$9,102$7,486
10 years$11,690$10,566$9,540$8,605$7,755$6,220
11 years$10,519$9,406$8,399$7,489$6,670$5,213
12 years$9,543$8,443$7,454$6,569$5,780$4,399
13 years$8,719$7,630$6,659$5,799$5,040$3,734
14 years$8,013$6,935$5,984$5,148$4,418$3,184
15 years$7,402$6,335$5,402$4,591$3,890$2,725
16 years$6,867$5,813$4,898$4,111$3,438$2,340
17 years$6,396$5,353$4,457$3,694$3,048$2,015
18 years$5,978$4,947$4,069$3,329$2,711$1,740
19 years$5,604$4,584$3,725$3,008$2,416$1,504
20 years$5,268$4,260$3,418$2,724$2,158$1,303
21 years$4,964$3,968$3,144$2,472$1,931$1,131
22 years$4,689$3,704$2,898$2,248$1,731$982
23 years$4,437$3,464$2,676$2,047$1,554$854
24 years$4,207$3,246$2,475$1,867$1,397$743
25 years$3,996$3,046$2,292$1,705$1,257$647
26 years$3,801$2,863$2,126$1,559$1,132$564
27 years$3,621$2,694$1,974$1,427$1,021$492
28 years$3,455$2,539$1,835$1,308$921$429
29 years$3,300$2,395$1,708$1,199$832$375
30 years$3,155$2,262$1,591$1,100$751$327
31 years$3,020$2,138$1,483$1,011$679$286
32 years$2,894$2,023$1,383$929$615$250
33 years$2,776$1,916$1,292$854$556$218
34 years$2,665$1,816$1,207$786$504$191
35 years$2,560$1,722$1,128$723$456$167
36 years$2,462$1,635$1,056$666$413$146
37 years$2,369$1,553$988$614$374$128
38 years$2,281$1,476$925$566$340$112
39 years$2,198$1,403$867$522$308$98
40 years$2,119$1,335$813$481$279$86
41 years$2,044$1,271$762$444$253$75
42 years$1,973$1,210$715$410$230$66
43 years$1,906$1,153$671$378$209$57
44 years$1,842$1,099$629$349$189$50
45 years$1,780$1,048$591$323$172$44
46 years$1,722$1,000$555$298$156$38
47 years$1,666$954$522$275$142$34
48 years$1,613$911$490$254$129$29
49 years$1,562$870$461$235$117$26
50 years$1,513$831$433$217$106$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,550,000, adding $6,871 every year, while hoping to spend $28,576 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: 82/8/10 Blend
75$1,550,000$1,550,000$1,550,000$1,550,000
76$1,715,187$1,633,037$1,609,012$1,852,604
77$1,859,732$1,682,652$1,632,510$1,993,220
78$2,018,062$1,733,739$1,655,836$2,143,079
79$2,191,554$1,786,342$1,678,957$2,306,747
80$2,381,723$1,840,504$1,701,832$2,485,594
81$2,590,239$1,896,268$1,724,423$2,681,126
82$2,818,938$1,953,680$1,746,687$2,895,006
83$3,069,847$2,012,787$1,768,578$3,129,062
84$3,345,195$2,073,637$1,790,048$3,385,307
85$3,647,438$2,136,279$1,811,048$3,665,961
86$3,979,282$2,200,762$1,831,524$3,973,469
87$4,343,709$2,267,139$1,851,420$4,310,521
88$4,744,001$2,335,463$1,870,676$4,680,083
89$5,183,775$2,405,787$1,889,230$5,085,423
90$5,667,017$2,478,168$1,907,017$5,530,138
91$6,198,117$2,552,661$1,923,965$6,018,195
92$6,781,910$2,629,327$1,940,003$6,553,959
93$7,423,725$2,708,224$1,955,054$7,142,244
94$8,129,432$2,789,414$1,969,035$7,788,350
95$8,905,498$2,872,960$1,981,862$8,498,119
96$9,759,050$2,958,925$1,993,445$9,277,986
97$10,697,937$3,047,377$2,003,689$10,135,040
98$11,730,810$3,138,381$2,012,496$11,077,095
99$12,867,198$3,232,008$2,019,761$12,112,756
100$14,117,604$3,328,328$2,025,374$13,251,508