Can I retire at age 76 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$130,475$129,313$128,179$127,072$125,991$124,676
2 years$64,592$63,389$62,223$61,092$59,996$58,671
3 years$42,633$41,425$40,262$39,142$38,064$36,771
4 years$31,656$30,452$29,301$28,200$27,147$25,896
5 years$25,072$23,875$22,738$21,660$20,637$19,431
6 years$20,684$19,495$18,376$17,322$16,329$15,171
7 years$17,550$16,372$15,271$14,241$13,280$12,169
8 years$15,202$14,034$12,951$11,947$11,017$9,953
9 years$13,376$12,219$11,154$10,176$9,278$8,261
10 years$11,916$10,771$9,725$8,772$7,905$6,935
11 years$10,722$9,588$8,561$7,634$6,799$5,874
12 years$9,728$8,606$7,598$6,696$5,892$5,011
13 years$8,888$7,777$6,788$5,912$5,138$4,301
14 years$8,168$7,069$6,099$5,248$4,504$3,709
15 years$7,545$6,458$5,507$4,680$3,965$3,212
16 years$7,000$5,925$4,993$4,190$3,505$2,791
17 years$6,520$5,457$4,543$3,765$3,107$2,433
18 years$6,093$5,042$4,147$3,393$2,763$2,126
19 years$5,712$4,673$3,797$3,066$2,463$1,861
20 years$5,370$4,343$3,484$2,777$2,200$1,633
21 years$5,060$4,045$3,205$2,520$1,969$1,435
22 years$4,779$3,776$2,954$2,291$1,765$1,262
23 years$4,523$3,531$2,727$2,087$1,584$1,112
24 years$4,289$3,309$2,522$1,903$1,424$981
25 years$4,073$3,105$2,336$1,738$1,281$866
26 years$3,875$2,918$2,167$1,589$1,154$765
27 years$3,692$2,746$2,012$1,455$1,040$676
28 years$3,521$2,588$1,870$1,333$939$598
29 years$3,363$2,441$1,741$1,222$848$529
30 years$3,216$2,306$1,621$1,122$766$469
31 years$3,079$2,180$1,512$1,030$692$415
32 years$2,950$2,062$1,410$947$626$368
33 years$2,830$1,953$1,317$871$567$326
34 years$2,716$1,851$1,230$801$513$289
35 years$2,610$1,756$1,150$737$465$257
36 years$2,509$1,666$1,076$679$421$228
37 years$2,415$1,583$1,007$626$382$202
38 years$2,325$1,504$943$577$346$179
39 years$2,240$1,430$884$532$314$159
40 years$2,160$1,361$828$491$285$141
41 years$2,084$1,295$777$453$258$126
42 years$2,012$1,234$728$418$234$112
43 years$1,943$1,175$684$386$213$99
44 years$1,877$1,120$642$356$193$88
45 years$1,815$1,068$603$329$175$78
46 years$1,755$1,019$566$304$159$69
47 years$1,699$973$532$281$144$62
48 years$1,644$929$500$259$131$55
49 years$1,592$887$470$240$119$49
50 years$1,543$847$441$221$108$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,580,000, adding $6,972 every year, while hoping to spend $54,070 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: 32/42/26 Blend
75$1,580,000$1,580,000$1,580,000$1,580,000
76$1,748,352$1,664,612$1,640,122$1,790,205
77$1,869,153$1,688,648$1,637,536$1,846,708
78$2,000,465$1,712,049$1,633,051$1,902,231
79$2,143,301$1,734,728$1,626,546$1,960,960
80$2,298,778$1,756,590$1,617,896$2,023,214
81$2,468,124$1,777,534$1,606,967$2,089,347
82$2,652,693$1,797,453$1,593,620$2,159,750
83$2,853,971$1,816,232$1,577,710$2,234,858
84$3,073,597$1,833,748$1,559,084$2,315,154
85$3,313,373$1,849,871$1,537,583$2,401,174
86$3,575,284$1,864,462$1,513,039$2,493,511
87$3,861,514$1,877,371$1,485,276$2,592,824
88$4,174,468$1,888,442$1,454,113$2,699,841
89$4,516,795$1,897,507$1,419,357$2,815,371
90$4,891,410$1,904,386$1,380,807$2,940,310
91$5,301,523$1,908,891$1,338,254$3,075,650
92$5,750,671$1,910,819$1,291,477$3,222,491
93$6,242,745$1,909,955$1,240,248$3,382,049
94$6,782,035$1,906,073$1,184,326$3,555,671
95$7,373,262$1,898,930$1,123,460$3,744,849
96$8,021,628$1,888,270$1,057,389$3,951,234
97$8,732,859$1,873,821$985,837$4,176,653
98$9,513,267$1,855,294$908,519$4,423,125
99$10,369,800$1,832,383$825,134$4,692,889
100$11,310,115$1,804,765$735,371$4,988,415