Can I retire at age 76 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$138,733$137,497$136,291$135,115$133,966$133,401
2 years$68,680$67,401$66,161$64,959$63,793$63,223
3 years$45,332$44,047$42,810$41,620$40,473$39,915
4 years$33,660$32,379$31,155$29,985$28,866$28,325
5 years$26,659$25,386$24,178$23,031$21,943$21,420
6 years$21,993$20,729$19,539$18,418$17,363$16,859
7 years$18,661$17,408$16,237$15,143$14,121$13,636
8 years$16,164$14,922$13,770$12,703$11,714$11,249
9 years$14,222$12,993$11,860$10,820$9,865$9,418
10 years$12,670$11,452$10,340$9,327$8,406$7,978
11 years$11,401$10,195$9,103$8,117$7,229$6,820
12 years$10,344$9,151$8,079$7,120$6,265$5,873
13 years$9,450$8,270$7,218$6,286$5,463$5,089
14 years$8,685$7,517$6,485$5,580$4,789$4,433
15 years$8,022$6,867$5,855$4,976$4,216$3,877
16 years$7,443$6,300$5,309$4,456$3,726$3,404
17 years$6,932$5,802$4,831$4,003$3,304$2,998
18 years$6,479$5,361$4,410$3,608$2,938$2,647
19 years$6,074$4,969$4,037$3,260$2,619$2,343
20 years$5,710$4,617$3,705$2,953$2,339$2,078
21 years$5,381$4,301$3,408$2,680$2,093$1,846
22 years$5,082$4,015$3,141$2,436$1,876$1,643
23 years$4,810$3,755$2,900$2,219$1,684$1,464
24 years$4,560$3,518$2,682$2,024$1,514$1,306
25 years$4,331$3,302$2,484$1,848$1,362$1,166
26 years$4,120$3,103$2,304$1,690$1,227$1,042
27 years$3,925$2,920$2,139$1,547$1,106$932
28 years$3,744$2,752$1,989$1,417$998$835
29 years$3,576$2,596$1,851$1,300$901$748
30 years$3,420$2,452$1,724$1,193$814$670
31 years$3,274$2,318$1,607$1,095$736$601
32 years$3,137$2,193$1,500$1,007$666$539
33 years$3,009$2,077$1,400$926$603$484
34 years$2,888$1,968$1,308$852$546$435
35 years$2,775$1,867$1,223$784$494$391
36 years$2,668$1,772$1,144$722$448$351
37 years$2,567$1,683$1,071$665$406$315
38 years$2,472$1,599$1,003$613$368$284
39 years$2,382$1,521$940$565$334$255
40 years$2,297$1,447$881$522$303$229
41 years$2,216$1,377$826$481$275$206
42 years$2,139$1,312$775$444$249$186
43 years$2,066$1,250$727$410$226$167
44 years$1,996$1,191$682$379$205$150
45 years$1,930$1,136$641$350$186$135
46 years$1,866$1,084$602$323$169$122
47 years$1,806$1,034$565$298$154$110
48 years$1,748$987$531$276$140$99
49 years$1,693$943$499$255$127$89
50 years$1,640$901$469$235$115$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,680,000, adding $3,759 every year, while hoping to spend $53,840 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: 53/30/17 Blend
75$1,680,000$1,680,000$1,680,000$1,680,000
76$1,855,237$1,766,197$1,740,157$1,944,841
77$1,987,186$1,795,456$1,741,167$2,035,846
78$2,130,789$1,824,343$1,740,407$2,128,810
79$2,287,179$1,852,785$1,737,759$2,228,775
80$2,457,600$1,880,700$1,733,103$2,336,421
81$2,643,424$1,908,003$1,726,310$2,452,499
82$2,846,158$1,934,601$1,717,247$2,577,838
83$3,067,465$1,960,395$1,705,773$2,713,353
84$3,309,171$1,985,279$1,691,742$2,860,052
85$3,573,290$2,009,140$1,674,998$3,019,047
86$3,862,035$2,031,858$1,655,381$3,191,567
87$4,177,848$2,053,304$1,632,721$3,378,966
88$4,523,412$2,073,340$1,606,841$3,582,738
89$4,901,686$2,091,820$1,577,556$3,804,532
90$5,315,926$2,108,587$1,544,672$4,046,167
91$5,769,718$2,123,475$1,507,986$4,309,649
92$6,267,011$2,136,307$1,467,285$4,597,193
93$6,812,154$2,146,894$1,422,348$4,911,240
94$7,409,939$2,155,037$1,372,941$5,254,484
95$8,065,640$2,160,521$1,318,821$5,629,898
96$8,785,068$2,163,120$1,259,735$6,040,759
97$9,574,626$2,162,593$1,195,417$6,490,684
98$10,441,363$2,158,686$1,125,589$6,983,662
99$11,393,047$2,151,126$1,049,961$7,524,094
100$12,438,232$2,139,625$968,229$8,116,831