Can I retire at age 76 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$132,127$130,950$129,801$128,681$127,586$123,899
2 years$65,409$64,191$63,010$61,866$60,755$57,070
3 years$43,173$41,950$40,772$39,638$38,546$34,978
4 years$32,057$30,837$29,671$28,557$27,491$24,068
5 years$25,389$24,177$23,026$21,934$20,898$17,629
6 years$20,945$19,742$18,609$17,541$16,536$13,423
7 years$17,773$16,579$15,464$14,422$13,448$10,492
8 years$15,394$14,212$13,115$12,098$11,157$8,356
9 years$13,545$12,374$11,296$10,305$9,396$6,747
10 years$12,067$10,907$9,848$8,883$8,005$5,506
11 years$10,858$9,710$8,670$7,731$6,885$4,530
12 years$9,851$8,715$7,694$6,781$5,966$3,751
13 years$9,000$7,876$6,874$5,986$5,203$3,123
14 years$8,271$7,159$6,177$5,314$4,561$2,611
15 years$7,640$6,540$5,577$4,739$4,016$2,190
16 years$7,089$6,000$5,056$4,243$3,549$1,842
17 years$6,602$5,526$4,601$3,813$3,147$1,554
18 years$6,171$5,106$4,200$3,436$2,798$1,313
19 years$5,785$4,732$3,845$3,105$2,494$1,111
20 years$5,438$4,398$3,529$2,812$2,228$941
21 years$5,124$4,096$3,246$2,552$1,993$799
22 years$4,840$3,824$2,991$2,320$1,787$678
23 years$4,581$3,576$2,762$2,113$1,604$577
24 years$4,343$3,351$2,554$1,927$1,442$491
25 years$4,125$3,144$2,366$1,760$1,297$417
26 years$3,924$2,955$2,194$1,609$1,169$355
27 years$3,738$2,781$2,038$1,473$1,054$303
28 years$3,566$2,621$1,894$1,350$951$258
29 years$3,406$2,472$1,763$1,238$858$220
30 years$3,257$2,335$1,642$1,136$776$188
31 years$3,118$2,207$1,531$1,043$701$160
32 years$2,987$2,088$1,428$959$634$136
33 years$2,865$1,978$1,333$882$574$116
34 years$2,751$1,875$1,246$811$520$99
35 years$2,643$1,778$1,165$747$471$85
36 years$2,541$1,688$1,090$688$427$72
37 years$2,445$1,603$1,020$634$387$62
38 years$2,355$1,523$955$584$350$53
39 years$2,269$1,448$895$539$318$45
40 years$2,187$1,378$839$497$288$38
41 years$2,110$1,312$786$458$262$33
42 years$2,037$1,249$738$423$237$28
43 years$1,967$1,190$692$390$215$24
44 years$1,901$1,135$650$361$195$20
45 years$1,838$1,082$610$333$177$17
46 years$1,778$1,032$573$308$161$15
47 years$1,720$985$538$284$146$13
48 years$1,665$940$506$263$133$11
49 years$1,612$898$476$243$121$9
50 years$1,562$858$447$224$110$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,600,000, adding $4,382 every year, while hoping to spend $52,470 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: 80/15/5 Blend
75$1,600,000$1,600,000$1,600,000$1,600,000
76$1,767,720$1,682,920$1,658,120$1,908,503
77$1,892,200$1,709,555$1,657,839$2,027,890
78$2,027,618$1,735,737$1,655,791$2,151,448
79$2,175,035$1,761,388$1,651,860$2,285,408
80$2,335,617$1,786,425$1,645,926$2,430,780
81$2,510,649$1,810,759$1,637,863$2,588,675
82$2,701,542$1,834,293$1,627,539$2,760,317
83$2,909,854$1,856,928$1,614,816$2,947,055
84$3,137,295$1,878,554$1,599,548$3,150,373
85$3,385,750$1,899,054$1,581,584$3,371,906
86$3,657,294$1,918,305$1,560,764$3,613,457
87$3,954,211$1,936,174$1,536,922$3,877,008
88$4,279,014$1,952,521$1,509,884$4,164,748
89$4,634,475$1,967,195$1,479,465$4,479,083
90$5,023,641$1,980,037$1,445,477$4,822,667
91$5,449,870$1,990,877$1,407,718$5,198,424
92$5,916,859$1,999,532$1,365,979$5,609,573
93$6,428,681$2,005,812$1,320,042$6,059,663
94$6,989,821$2,009,511$1,269,678$6,552,605
95$7,605,217$2,010,412$1,214,647$7,092,706
96$8,280,311$2,008,283$1,154,699$7,684,715
97$9,021,093$2,002,880$1,089,572$8,333,860
98$9,834,166$1,993,943$1,018,994$9,045,908
99$10,726,799$1,981,194$942,679$9,827,210
100$11,707,002$1,964,341$860,327$10,684,764