Can I retire at age 76 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$129,649$128,494$127,368$126,268$125,194$123,784
2 years$64,183$62,987$61,829$60,706$59,616$58,196
3 years$42,363$41,163$40,007$38,895$37,823$36,438
4 years$31,456$30,259$29,115$28,021$26,976$25,636
5 years$24,913$23,724$22,595$21,523$20,506$19,216
6 years$20,553$19,372$18,260$17,212$16,226$14,986
7 years$17,439$16,269$15,174$14,151$13,196$12,007
8 years$15,105$13,945$12,869$11,871$10,947$9,810
9 years$13,291$12,142$11,084$10,111$9,219$8,133
10 years$11,840$10,702$9,663$8,716$7,855$6,819
11 years$10,654$9,528$8,507$7,586$6,756$5,768
12 years$9,667$8,552$7,550$6,654$5,854$4,915
13 years$8,831$7,728$6,745$5,874$5,105$4,213
14 years$8,116$7,025$6,061$5,214$4,475$3,628
15 years$7,497$6,417$5,472$4,650$3,940$3,138
16 years$6,956$5,888$4,961$4,164$3,482$2,723
17 years$6,479$5,422$4,515$3,741$3,088$2,370
18 years$6,055$5,010$4,121$3,372$2,746$2,068
19 years$5,676$4,644$3,773$3,047$2,447$1,808
20 years$5,336$4,315$3,462$2,759$2,186$1,584
21 years$5,028$4,019$3,185$2,504$1,956$1,389
22 years$4,749$3,752$2,935$2,277$1,753$1,221
23 years$4,495$3,509$2,710$2,074$1,574$1,074
24 years$4,262$3,288$2,506$1,891$1,415$945
25 years$4,048$3,085$2,321$1,727$1,273$833
26 years$3,850$2,900$2,153$1,579$1,147$735
27 years$3,668$2,729$1,999$1,446$1,034$649
28 years$3,499$2,572$1,859$1,324$933$573
29 years$3,342$2,426$1,730$1,215$842$506
30 years$3,196$2,291$1,611$1,115$761$448
31 years$3,059$2,166$1,502$1,024$688$396
32 years$2,931$2,049$1,401$941$622$350
33 years$2,812$1,941$1,308$865$563$310
34 years$2,699$1,839$1,223$796$510$275
35 years$2,593$1,745$1,143$733$462$243
36 years$2,494$1,656$1,069$675$419$215
37 years$2,399$1,573$1,001$622$379$191
38 years$2,310$1,495$937$573$344$169
39 years$2,226$1,421$878$528$312$150
40 years$2,146$1,352$823$487$283$133
41 years$2,071$1,287$772$450$257$118
42 years$1,999$1,226$724$415$233$104
43 years$1,930$1,168$679$383$211$93
44 years$1,865$1,113$638$354$192$82
45 years$1,803$1,062$599$327$174$73
46 years$1,744$1,013$562$302$158$65
47 years$1,688$967$528$279$144$57
48 years$1,634$923$496$258$130$51
49 years$1,582$881$467$238$118$45
50 years$1,533$842$439$220$108$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,570,000, adding $6,328 every year, while hoping to spend $25,030 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: 78/10/12 Blend
75$1,570,000$1,570,000$1,570,000$1,570,000
76$1,736,667$1,653,457$1,629,122$1,867,684
77$1,887,176$1,707,845$1,657,066$2,009,159
78$2,052,197$1,764,059$1,685,107$2,160,454
79$2,233,185$1,822,162$1,713,222$2,325,682
80$2,431,741$1,882,219$1,741,387$2,506,225
81$2,649,630$1,944,299$1,769,574$2,703,603
82$2,888,793$2,008,470$1,797,756$2,919,489
83$3,151,372$2,074,807$1,825,902$3,155,727
84$3,439,722$2,143,383$1,853,981$3,414,347
85$3,756,443$2,214,278$1,881,958$3,697,586
86$4,104,393$2,287,571$1,909,797$4,007,907
87$4,486,726$2,363,346$1,937,460$4,348,022
88$4,906,913$2,441,691$1,964,905$4,720,921
89$5,368,778$2,522,695$1,992,090$5,129,896
90$5,876,537$2,606,450$2,018,969$5,578,572
91$6,434,832$2,693,054$2,045,492$6,070,945
92$7,048,778$2,782,607$2,071,609$6,611,416
93$7,724,011$2,875,212$2,097,265$7,204,833
94$8,466,739$2,970,976$2,122,403$7,856,538
95$9,283,804$3,070,012$2,146,961$8,572,415
96$10,182,744$3,172,434$2,170,876$9,358,948
97$11,171,864$3,278,363$2,194,080$10,223,279
98$12,260,313$3,387,923$2,216,502$11,173,278
99$13,458,176$3,501,242$2,238,065$12,217,617
100$14,776,561$3,618,454$2,258,691$13,365,848