Can I retire at age 76 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$135,430$134,223$133,046$131,898$130,776$128,928
2 years$67,044$65,796$64,586$63,412$62,274$60,416
3 years$44,252$42,998$41,791$40,629$39,509$37,699
4 years$32,858$31,608$30,413$29,271$28,178$26,429
5 years$26,024$24,781$23,602$22,483$21,421$19,738
6 years$21,469$20,236$19,074$17,980$16,950$15,335
7 years$18,217$16,994$15,850$14,782$13,784$12,240
8 years$15,779$14,567$13,442$12,400$11,436$9,959
9 years$13,884$12,683$11,578$10,562$9,630$8,222
10 years$12,368$11,180$10,094$9,105$8,206$6,865
11 years$11,129$9,953$8,887$7,924$7,057$5,782
12 years$10,098$8,933$7,887$6,950$6,116$4,905
13 years$9,225$8,073$7,046$6,136$5,333$4,185
14 years$8,478$7,338$6,331$5,447$4,675$3,588
15 years$7,831$6,703$5,716$4,858$4,116$3,088
16 years$7,266$6,150$5,182$4,350$3,638$2,667
17 years$6,767$5,664$4,716$3,908$3,225$2,310
18 years$6,325$5,234$4,305$3,522$2,868$2,005
19 years$5,929$4,851$3,941$3,182$2,556$1,744
20 years$5,574$4,507$3,617$2,882$2,283$1,520
21 years$5,253$4,199$3,327$2,616$2,043$1,326
22 years$4,961$3,919$3,066$2,378$1,832$1,159
23 years$4,695$3,666$2,831$2,166$1,644$1,014
24 years$4,452$3,434$2,618$1,976$1,478$888
25 years$4,228$3,223$2,425$1,804$1,330$779
26 years$4,022$3,029$2,249$1,650$1,198$683
27 years$3,832$2,851$2,088$1,510$1,080$599
28 years$3,655$2,686$1,941$1,383$974$526
29 years$3,491$2,534$1,807$1,269$880$463
30 years$3,338$2,393$1,683$1,164$795$407
31 years$3,196$2,262$1,569$1,069$719$358
32 years$3,062$2,141$1,464$983$650$315
33 years$2,937$2,027$1,367$904$588$277
34 years$2,819$1,921$1,277$831$533$244
35 years$2,709$1,822$1,194$765$483$214
36 years$2,605$1,730$1,117$705$437$189
37 years$2,506$1,643$1,045$650$396$166
38 years$2,413$1,561$979$599$359$146
39 years$2,325$1,485$917$552$326$129
40 years$2,242$1,412$860$509$295$114
41 years$2,163$1,345$806$470$268$100
42 years$2,088$1,281$756$434$243$88
43 years$2,017$1,220$710$400$221$78
44 years$1,949$1,163$666$370$200$69
45 years$1,884$1,109$625$341$182$60
46 years$1,822$1,058$587$315$165$53
47 years$1,763$1,010$552$291$150$47
48 years$1,707$964$519$269$136$41
49 years$1,653$920$487$249$124$37
50 years$1,601$879$458$230$112$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,640,000, adding $4,387 every year, while hoping to spend $23,756 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: 29/41/30 Blend
75$1,640,000$1,640,000$1,640,000$1,640,000
76$1,811,805$1,724,885$1,699,465$1,847,522
77$1,971,333$1,784,128$1,731,121$1,935,578
78$2,146,337$1,845,478$1,763,041$2,027,836
79$2,338,369$1,909,013$1,795,209$2,126,554
80$2,549,142$1,974,814$1,827,608$2,232,309
81$2,780,540$2,042,965$1,860,218$2,345,733
82$3,034,639$2,113,554$1,893,020$2,467,522
83$3,313,726$2,186,673$1,925,990$2,598,438
84$3,620,322$2,262,415$1,959,106$2,739,321
85$3,957,201$2,340,879$1,992,342$2,891,091
86$4,327,420$2,422,168$2,025,671$3,054,762
87$4,734,350$2,506,387$2,059,064$3,231,447
88$5,181,701$2,593,647$2,092,490$3,422,369
89$5,673,562$2,684,063$2,125,915$3,628,876
90$6,214,438$2,777,754$2,159,306$3,852,446
91$6,809,291$2,874,845$2,192,623$4,094,708
92$7,463,590$2,975,464$2,225,827$4,357,453
93$8,183,360$3,079,745$2,258,876$4,642,649
94$8,975,238$3,187,828$2,291,724$4,952,466
95$9,846,539$3,299,859$2,324,324$5,289,288
96$10,805,322$3,415,987$2,356,624$5,655,739
97$11,860,465$3,536,371$2,388,571$6,054,708
98$13,021,752$3,661,173$2,420,108$6,489,375
99$14,299,963$3,790,563$2,451,174$6,963,238
100$15,706,977$3,924,717$2,481,706$7,480,151