Can I retire at age 76 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$134,604$133,405$132,235$131,093$129,978$125,969
2 years$66,636$65,395$64,192$63,026$61,895$57,890
3 years$43,982$42,736$41,536$40,381$39,268$35,395
4 years$32,658$31,416$30,228$29,092$28,007$24,293
5 years$25,865$24,630$23,458$22,346$21,290$17,747
6 years$21,338$20,112$18,958$17,870$16,846$13,477
7 years$18,106$16,890$15,754$14,692$13,700$10,504
8 years$15,683$14,478$13,361$12,325$11,366$8,341
9 years$13,799$12,606$11,507$10,498$9,572$6,714
10 years$12,293$11,111$10,032$9,049$8,156$5,462
11 years$11,061$9,892$8,832$7,876$7,014$4,479
12 years$10,036$8,878$7,839$6,908$6,078$3,697
13 years$9,169$8,023$7,003$6,099$5,300$3,067
14 years$8,426$7,293$6,292$5,414$4,646$2,555
15 years$7,784$6,662$5,681$4,828$4,091$2,136
16 years$7,222$6,113$5,151$4,323$3,616$1,791
17 years$6,726$5,629$4,687$3,884$3,206$1,504
18 years$6,286$5,202$4,279$3,500$2,850$1,266
19 years$5,893$4,821$3,917$3,163$2,541$1,068
20 years$5,540$4,480$3,595$2,865$2,269$901
21 years$5,221$4,173$3,306$2,600$2,031$762
22 years$4,931$3,895$3,047$2,364$1,820$645
23 years$4,666$3,643$2,814$2,153$1,634$546
24 years$4,425$3,413$2,602$1,964$1,469$462
25 years$4,202$3,203$2,410$1,793$1,322$392
26 years$3,998$3,011$2,235$1,640$1,190$332
27 years$3,808$2,833$2,076$1,501$1,073$282
28 years$3,633$2,670$1,930$1,375$968$239
29 years$3,470$2,519$1,796$1,261$875$203
30 years$3,318$2,379$1,673$1,157$790$173
31 years$3,176$2,249$1,559$1,063$714$147
32 years$3,043$2,128$1,455$977$646$125
33 years$2,919$2,015$1,358$898$585$106
34 years$2,802$1,910$1,269$826$529$90
35 years$2,692$1,811$1,187$761$480$76
36 years$2,589$1,719$1,110$701$435$65
37 years$2,491$1,633$1,039$646$394$55
38 years$2,399$1,552$973$595$357$47
39 years$2,311$1,476$912$549$324$40
40 years$2,228$1,404$854$506$294$34
41 years$2,150$1,336$801$467$266$29
42 years$2,075$1,273$752$431$242$24
43 years$2,004$1,213$705$398$219$21
44 years$1,937$1,156$662$367$199$18
45 years$1,872$1,102$622$339$181$15
46 years$1,811$1,052$584$313$164$13
47 years$1,752$1,003$548$289$149$11
48 years$1,696$958$515$267$135$9
49 years$1,643$915$484$247$123$8
50 years$1,591$874$455$228$112$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,630,000, adding $6,198 every year, while hoping to spend $31,131 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: 67/24/9 Blend
75$1,630,000$1,630,000$1,630,000$1,630,000
76$1,802,653$1,716,263$1,690,998$1,919,814
77$1,953,401$1,767,237$1,714,524$2,049,423
78$2,118,481$1,819,665$1,737,794$2,186,759
79$2,299,323$1,873,586$1,760,767$2,336,083
80$2,497,501$1,929,039$1,783,400$2,498,564
81$2,714,749$1,986,064$1,805,646$2,675,488
82$2,952,974$2,044,701$1,827,455$2,868,268
83$3,214,279$2,104,994$1,848,778$3,078,465
84$3,500,982$2,166,985$1,869,557$3,307,792
85$3,815,631$2,230,716$1,889,737$3,558,140
86$4,161,037$2,296,233$1,909,255$3,831,589
87$4,540,296$2,363,581$1,928,048$4,130,429
88$4,956,816$2,432,807$1,946,047$4,457,183
89$5,414,354$2,503,957$1,963,182$4,814,630
90$5,917,046$2,577,079$1,979,377$5,205,829
91$6,469,452$2,652,223$1,994,553$5,634,152
92$7,076,592$2,729,438$2,008,627$6,103,311
93$7,744,000$2,808,776$2,021,511$6,617,395
94$8,477,769$2,890,287$2,033,113$7,180,909
95$9,284,615$2,974,024$2,043,336$7,798,815
96$10,171,936$3,060,042$2,052,078$8,476,580
97$11,147,882$3,148,393$2,059,231$9,220,225
98$12,221,435$3,239,133$2,064,685$10,036,386
99$13,402,489$3,332,319$2,068,319$10,932,370
100$14,701,947$3,428,006$2,070,012$11,916,230