Can I retire at age 76 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$141,210$139,952$138,725$137,527$136,358$134,320
2 years$69,906$68,604$67,342$66,119$64,932$62,884
3 years$46,141$44,834$43,575$42,363$41,196$39,200
4 years$34,261$32,957$31,711$30,520$29,381$27,454
5 years$27,135$25,839$24,609$23,442$22,335$20,482
6 years$22,385$21,099$19,888$18,747$17,673$15,896
7 years$18,994$17,719$16,527$15,413$14,373$12,673
8 years$16,452$15,189$14,016$12,930$11,924$10,300
9 years$14,476$13,225$12,072$11,013$10,041$8,494
10 years$12,896$11,657$10,525$9,493$8,556$7,083
11 years$11,604$10,377$9,266$8,262$7,358$5,958
12 years$10,529$9,314$8,223$7,247$6,377$5,048
13 years$9,619$8,417$7,347$6,398$5,560$4,301
14 years$8,840$7,651$6,601$5,679$4,874$3,682
15 years$8,166$6,989$5,960$5,065$4,292$3,165
16 years$7,576$6,413$5,404$4,535$3,793$2,730
17 years$7,056$5,906$4,917$4,075$3,363$2,361
18 years$6,595$5,457$4,489$3,672$2,990$2,046
19 years$6,182$5,058$4,109$3,318$2,665$1,778
20 years$5,812$4,700$3,771$3,005$2,381$1,547
21 years$5,477$4,378$3,469$2,727$2,131$1,348
22 years$5,173$4,086$3,197$2,480$1,910$1,176
23 years$4,895$3,822$2,952$2,258$1,714$1,027
24 years$4,642$3,581$2,730$2,060$1,541$898
25 years$4,409$3,361$2,529$1,881$1,386$786
26 years$4,194$3,158$2,345$1,720$1,249$689
27 years$3,995$2,972$2,178$1,574$1,126$603
28 years$3,811$2,801$2,024$1,443$1,016$529
29 years$3,640$2,642$1,884$1,323$917$464
30 years$3,481$2,495$1,755$1,214$829$407
31 years$3,332$2,359$1,636$1,115$749$358
32 years$3,193$2,232$1,526$1,025$678$314
33 years$3,062$2,114$1,425$942$614$276
34 years$2,940$2,003$1,332$867$555$242
35 years$2,825$1,900$1,245$798$503$213
36 years$2,716$1,804$1,165$735$456$187
37 years$2,613$1,713$1,090$677$413$165
38 years$2,516$1,628$1,021$624$375$145
39 years$2,425$1,548$956$576$340$127
40 years$2,338$1,473$896$531$308$112
41 years$2,255$1,402$841$490$280$99
42 years$2,177$1,335$788$452$254$87
43 years$2,103$1,272$740$417$230$76
44 years$2,032$1,213$694$385$209$67
45 years$1,964$1,156$652$356$190$59
46 years$1,900$1,103$612$329$172$52
47 years$1,838$1,053$575$304$156$46
48 years$1,780$1,005$541$281$142$40
49 years$1,723$960$508$259$129$35
50 years$1,670$917$478$240$117$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,710,000, adding $5,437 every year, while hoping to spend $52,082 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: 66/14/20 Blend
75$1,710,000$1,710,000$1,710,000$1,710,000
76$1,890,028$1,799,398$1,772,893$2,004,918
77$2,027,396$1,832,154$1,776,870$2,115,397
78$2,177,030$1,864,769$1,779,235$2,229,649
79$2,340,126$1,897,182$1,779,879$2,353,311
80$2,518,001$1,929,325$1,778,686$2,487,307
81$2,712,103$1,961,128$1,775,538$2,632,656
82$2,924,028$1,992,514$1,770,309$2,790,481
83$3,155,530$2,023,398$1,762,865$2,962,019
84$3,408,543$2,053,694$1,753,070$3,148,635
85$3,685,194$2,083,305$1,740,778$3,351,833
86$3,987,827$2,112,130$1,725,837$3,573,269
87$4,319,021$2,140,059$1,708,088$3,814,773
88$4,681,616$2,166,977$1,687,364$4,078,358
89$5,078,741$2,192,759$1,663,491$4,366,245
90$5,513,840$2,217,272$1,636,285$4,680,882
91$5,990,706$2,240,373$1,605,555$5,024,969
92$6,513,518$2,261,911$1,571,102$5,401,480
93$7,086,878$2,281,726$1,532,714$5,813,696
94$7,715,853$2,299,644$1,490,174$6,265,232
95$8,406,026$2,315,482$1,443,251$6,760,075
96$9,163,546$2,329,046$1,391,705$7,302,619
97$9,995,187$2,340,128$1,335,286$7,897,708
98$10,908,409$2,348,508$1,273,731$8,550,683
99$11,911,432$2,353,950$1,206,766$9,267,429
100$13,013,309$2,356,205$1,134,104$10,054,438