Can I retire at age 76 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$136,255$135,042$133,858$132,702$131,573$129,287
2 years$67,453$66,197$64,979$63,799$62,654$60,358
3 years$44,522$43,260$42,046$40,877$39,750$37,516
4 years$33,059$31,801$30,599$29,449$28,350$26,195
5 years$26,183$24,932$23,746$22,620$21,551$19,482
6 years$21,600$20,359$19,190$18,089$17,053$15,071
7 years$18,328$17,098$15,947$14,872$13,869$11,974
8 years$15,875$14,656$13,524$12,476$11,505$9,699
9 years$13,968$12,761$11,649$10,627$9,689$7,969
10 years$12,444$11,248$10,156$9,160$8,256$6,621
11 years$11,197$10,013$8,941$7,972$7,100$5,549
12 years$10,159$8,987$7,935$6,993$6,153$4,683
13 years$9,281$8,122$7,089$6,174$5,365$3,975
14 years$8,530$7,383$6,370$5,480$4,703$3,389
15 years$7,879$6,744$5,751$4,887$4,141$2,901
16 years$7,310$6,188$5,214$4,376$3,660$2,491
17 years$6,809$5,699$4,745$3,932$3,245$2,145
18 years$6,363$5,266$4,331$3,543$2,885$1,852
19 years$5,966$4,880$3,965$3,202$2,572$1,601
20 years$5,608$4,535$3,639$2,900$2,297$1,387
21 years$5,285$4,224$3,347$2,632$2,056$1,203
22 years$4,991$3,943$3,085$2,393$1,843$1,045
23 years$4,724$3,688$2,848$2,179$1,654$909
24 years$4,479$3,455$2,634$1,988$1,487$791
25 years$4,254$3,243$2,440$1,815$1,338$689
26 years$4,047$3,048$2,263$1,660$1,205$600
27 years$3,855$2,868$2,101$1,519$1,086$524
28 years$3,677$2,703$1,953$1,392$980$457
29 years$3,512$2,550$1,818$1,276$885$399
30 years$3,359$2,408$1,693$1,171$800$348
31 years$3,215$2,276$1,578$1,076$723$304
32 years$3,081$2,154$1,473$989$654$266
33 years$2,955$2,040$1,375$909$592$232
34 years$2,837$1,933$1,285$837$536$203
35 years$2,725$1,834$1,201$770$485$178
36 years$2,621$1,740$1,124$709$440$155
37 years$2,522$1,653$1,052$653$399$136
38 years$2,428$1,571$985$602$361$119
39 years$2,340$1,494$923$555$328$104
40 years$2,256$1,421$865$512$297$91
41 years$2,176$1,353$811$473$270$80
42 years$2,101$1,288$761$436$245$70
43 years$2,029$1,228$714$403$222$61
44 years$1,960$1,170$670$372$202$53
45 years$1,895$1,116$629$343$183$47
46 years$1,833$1,064$591$317$166$41
47 years$1,774$1,016$555$293$151$36
48 years$1,717$970$522$271$137$31
49 years$1,663$926$490$250$124$27
50 years$1,611$885$461$231$113$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,650,000, adding $2,467 every year, while hoping to spend $27,661 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: 37/37/26 Blend
75$1,650,000$1,650,000$1,650,000$1,650,000
76$1,820,845$1,733,395$1,707,820$1,873,958
77$1,977,140$1,788,900$1,735,601$1,968,759
78$2,148,450$1,846,198$1,763,385$2,068,373
79$2,336,277$1,905,347$1,791,144$2,175,437
80$2,542,277$1,966,408$1,818,846$2,290,638
81$2,768,271$2,029,444$1,846,459$2,414,737
82$3,016,266$2,094,519$1,873,948$2,548,566
83$3,288,475$2,161,700$1,901,275$2,693,044
84$3,587,332$2,231,056$1,928,400$2,849,181
85$3,915,521$2,302,659$1,955,283$3,018,086
86$4,275,997$2,376,582$1,981,878$3,200,981
87$4,672,016$2,452,902$2,008,138$3,399,211
88$5,107,165$2,531,697$2,034,013$3,614,256
89$5,585,395$2,613,049$2,059,452$3,847,745
90$6,111,059$2,697,043$2,084,398$4,101,469
91$6,688,954$2,783,764$2,108,792$4,377,404
92$7,324,363$2,873,304$2,132,572$4,677,721
93$8,023,107$2,965,755$2,155,672$5,004,813
94$8,791,600$3,061,214$2,178,023$5,361,313
95$9,636,909$3,159,779$2,199,553$5,750,122
96$10,566,819$3,261,554$2,220,183$6,174,433
97$11,589,909$3,366,644$2,239,834$6,637,765
98$12,715,631$3,475,160$2,258,419$7,143,990
99$13,954,397$3,587,215$2,275,848$7,697,375
100$15,317,684$3,702,927$2,292,027$8,302,619