Can I retire at age 76 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$139,559$138,316$137,103$135,919$134,763$132,694
2 years$69,088$67,802$66,555$65,346$64,173$62,094
3 years$45,601$44,309$43,065$41,868$40,714$38,689
4 years$33,860$32,572$31,341$30,163$29,037$27,082
5 years$26,817$25,537$24,322$23,168$22,074$20,194
6 years$22,124$20,853$19,655$18,528$17,466$15,664
7 years$18,772$17,512$16,334$15,233$14,205$12,481
8 years$16,260$15,011$13,852$12,778$11,784$10,138
9 years$14,307$13,070$11,931$10,884$9,924$8,355
10 years$12,745$11,520$10,402$9,382$8,456$6,963
11 years$11,469$10,256$9,157$8,166$7,272$5,854
12 years$10,405$9,205$8,127$7,162$6,302$4,956
13 years$9,507$8,319$7,261$6,323$5,495$4,220
14 years$8,737$7,562$6,524$5,613$4,817$3,611
15 years$8,070$6,908$5,890$5,006$4,241$3,102
16 years$7,487$6,338$5,340$4,482$3,749$2,673
17 years$6,974$5,837$4,860$4,027$3,324$2,310
18 years$6,518$5,393$4,436$3,629$2,955$2,001
19 years$6,110$4,999$4,061$3,279$2,634$1,737
20 years$5,744$4,645$3,727$2,970$2,353$1,510
21 years$5,413$4,327$3,428$2,696$2,106$1,315
22 years$5,112$4,039$3,160$2,451$1,887$1,147
23 years$4,838$3,777$2,917$2,232$1,694$1,001
24 years$4,587$3,539$2,698$2,036$1,523$874
25 years$4,357$3,321$2,499$1,859$1,370$765
26 years$4,145$3,121$2,318$1,700$1,234$669
27 years$3,949$2,938$2,152$1,556$1,113$586
28 years$3,767$2,768$2,001$1,426$1,004$513
29 years$3,598$2,611$1,862$1,307$907$450
30 years$3,440$2,466$1,734$1,200$819$395
31 years$3,293$2,331$1,617$1,102$741$346
32 years$3,156$2,206$1,508$1,013$670$304
33 years$3,027$2,089$1,408$931$606$267
34 years$2,905$1,980$1,316$857$549$234
35 years$2,791$1,878$1,230$789$497$206
36 years$2,684$1,782$1,151$726$451$181
37 years$2,583$1,693$1,077$669$408$159
38 years$2,487$1,609$1,009$617$370$139
39 years$2,396$1,530$945$569$336$122
40 years$2,310$1,456$886$525$304$108
41 years$2,229$1,386$831$484$276$95
42 years$2,152$1,320$779$447$251$83
43 years$2,078$1,257$731$412$227$73
44 years$2,008$1,198$686$381$206$64
45 years$1,941$1,143$644$352$187$56
46 years$1,878$1,090$605$325$170$50
47 years$1,817$1,040$569$300$155$44
48 years$1,759$993$534$277$140$38
49 years$1,703$948$502$256$127$34
50 years$1,650$906$472$237$116$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,690,000, adding $6,926 every year, while hoping to spend $42,627 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: 74/18/8 Blend
75$1,690,000$1,690,000$1,690,000$1,690,000
76$1,869,524$1,779,954$1,753,759$2,005,030
77$2,014,861$1,821,817$1,767,155$2,137,128
78$2,173,593$1,864,303$1,779,572$2,275,744
79$2,347,043$1,907,396$1,790,930$2,426,392
80$2,536,664$1,951,082$1,801,149$2,590,250
81$2,744,058$1,995,339$1,810,142$2,768,613
82$2,970,989$2,040,148$1,817,819$2,962,907
83$3,219,399$2,085,485$1,824,085$3,174,704
84$3,491,426$2,131,322$1,828,840$3,405,734
85$3,789,425$2,177,629$1,831,980$3,657,904
86$4,115,988$2,224,375$1,833,393$3,933,313
87$4,473,973$2,271,523$1,832,965$4,234,273
88$4,866,523$2,319,033$1,830,575$4,563,333
89$5,297,104$2,366,862$1,826,095$4,923,298
90$5,769,532$2,414,961$1,819,392$5,317,262
91$6,288,009$2,463,278$1,810,326$5,748,629
92$6,857,165$2,511,758$1,798,752$6,221,154
93$7,482,100$2,560,339$1,784,514$6,738,969
94$8,168,432$2,608,953$1,767,453$7,306,632
95$8,922,349$2,657,529$1,747,400$7,929,161
96$9,750,669$2,705,989$1,724,178$8,612,087
97$10,660,902$2,754,247$1,697,603$9,361,503
98$11,661,323$2,802,213$1,667,481$10,184,123
99$12,761,046$2,849,790$1,633,610$11,087,347
100$13,970,114$2,896,872$1,595,778$12,079,326