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%12.4%
1 years$141,210$139,952$138,725$137,527$136,358$134,990
2 years$69,906$68,604$67,342$66,119$64,932$63,555
3 years$46,141$44,834$43,575$42,363$41,196$39,851
4 years$34,261$32,957$31,711$30,520$29,381$28,080
5 years$27,135$25,839$24,609$23,442$22,335$21,081
6 years$22,385$21,099$19,888$18,747$17,673$16,467
7 years$18,994$17,719$16,527$15,413$14,373$13,216
8 years$16,452$15,189$14,016$12,930$11,924$10,816
9 years$14,476$13,225$12,072$11,013$10,041$8,982
10 years$12,896$11,657$10,525$9,493$8,556$7,545
11 years$11,604$10,377$9,266$8,262$7,358$6,395
12 years$10,529$9,314$8,223$7,247$6,377$5,459
13 years$9,619$8,417$7,347$6,398$5,560$4,688
14 years$8,840$7,651$6,601$5,679$4,874$4,046
15 years$8,166$6,989$5,960$5,065$4,292$3,506
16 years$7,576$6,413$5,404$4,535$3,793$3,049
17 years$7,056$5,906$4,917$4,075$3,363$2,659
18 years$6,595$5,457$4,489$3,672$2,990$2,325
19 years$6,182$5,058$4,109$3,318$2,665$2,037
20 years$5,812$4,700$3,771$3,005$2,381$1,788
21 years$5,477$4,378$3,469$2,727$2,131$1,573
22 years$5,173$4,086$3,197$2,480$1,910$1,385
23 years$4,895$3,822$2,952$2,258$1,714$1,221
24 years$4,642$3,581$2,730$2,060$1,541$1,078
25 years$4,409$3,361$2,529$1,881$1,386$952
26 years$4,194$3,158$2,345$1,720$1,249$842
27 years$3,995$2,972$2,178$1,574$1,126$745
28 years$3,811$2,801$2,024$1,443$1,016$659
29 years$3,640$2,642$1,884$1,323$917$584
30 years$3,481$2,495$1,755$1,214$829$518
31 years$3,332$2,359$1,636$1,115$749$459
32 years$3,193$2,232$1,526$1,025$678$407
33 years$3,062$2,114$1,425$942$614$361
34 years$2,940$2,003$1,332$867$555$321
35 years$2,825$1,900$1,245$798$503$285
36 years$2,716$1,804$1,165$735$456$253
37 years$2,613$1,713$1,090$677$413$224
38 years$2,516$1,628$1,021$624$375$199
39 years$2,425$1,548$956$576$340$177
40 years$2,338$1,473$896$531$308$157
41 years$2,255$1,402$841$490$280$140
42 years$2,177$1,335$788$452$254$124
43 years$2,103$1,272$740$417$230$111
44 years$2,032$1,213$694$385$209$98
45 years$1,964$1,156$652$356$190$87
46 years$1,900$1,103$612$329$172$78
47 years$1,838$1,053$575$304$156$69
48 years$1,780$1,005$541$281$142$61
49 years$1,723$960$508$259$129$55
50 years$1,670$917$478$240$117$49

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 $6,275 every year, while hoping to spend $23,704 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: 35/48/17 Blend
75$1,710,000$1,710,000$1,710,000$1,710,000
76$1,890,893$1,800,263$1,773,758$1,947,006
77$2,058,543$1,863,255$1,807,958$2,051,452
78$2,242,499$1,928,539$1,842,509$2,161,398
79$2,444,399$1,996,202$1,877,398$2,279,524
80$2,666,048$2,066,336$1,912,611$2,406,569
81$2,909,432$2,139,035$1,948,131$2,543,345
82$3,176,743$2,214,396$1,983,942$2,690,743
83$3,470,392$2,292,522$2,020,025$2,849,741
84$3,793,036$2,373,520$2,056,360$3,021,415
85$4,147,602$2,457,499$2,092,925$3,206,945
86$4,537,316$2,544,575$2,129,697$3,407,629
87$4,965,731$2,634,868$2,166,650$3,624,893
88$5,436,760$2,728,501$2,203,758$3,860,305
89$5,954,717$2,825,605$2,240,991$4,115,590
90$6,524,354$2,926,315$2,278,319$4,392,641
91$7,150,904$3,030,770$2,315,709$4,693,543
92$7,840,135$3,139,118$2,353,125$5,020,588
93$8,598,404$3,251,509$2,390,529$5,376,297
94$9,432,710$3,368,102$2,427,881$5,763,444
95$10,350,770$3,489,063$2,465,139$6,185,079
96$11,361,084$3,614,562$2,502,256$6,644,560
97$12,473,018$3,744,779$2,539,185$7,145,580
98$13,696,891$3,879,899$2,575,873$7,692,206
99$15,044,076$4,020,116$2,612,267$8,288,910
100$16,527,102$4,165,632$2,648,308$8,940,618