Can I retire at age 76 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$144,513$143,226$141,970$140,744$139,547$137,690
2 years$71,541$70,209$68,918$67,666$66,451$64,582
3 years$47,220$45,882$44,594$43,354$42,159$40,338
4 years$35,062$33,728$32,453$31,234$30,068$28,308
5 years$27,769$26,443$25,185$23,991$22,858$21,163
6 years$22,909$21,593$20,353$19,186$18,086$16,461
7 years$19,439$18,134$16,914$15,774$14,709$13,152
8 years$16,837$15,544$14,344$13,232$12,203$10,714
9 years$14,815$13,534$12,355$11,271$10,276$8,856
10 years$13,198$11,929$10,771$9,716$8,756$7,403
11 years$11,876$10,620$9,483$8,455$7,530$6,243
12 years$10,775$9,532$8,416$7,417$6,526$5,303
13 years$9,844$8,614$7,519$6,548$5,691$4,530
14 years$9,047$7,830$6,756$5,812$4,988$3,889
15 years$8,357$7,153$6,099$5,184$4,392$3,352
16 years$7,753$6,563$5,530$4,641$3,882$2,899
17 years$7,221$6,044$5,032$4,170$3,442$2,514
18 years$6,749$5,585$4,594$3,758$3,060$2,186
19 years$6,327$5,176$4,205$3,396$2,728$1,904
20 years$5,948$4,810$3,859$3,076$2,436$1,662
21 years$5,605$4,480$3,550$2,791$2,180$1,452
22 years$5,294$4,182$3,272$2,538$1,954$1,271
23 years$5,010$3,911$3,021$2,311$1,754$1,114
24 years$4,750$3,665$2,794$2,108$1,577$977
25 years$4,512$3,439$2,588$1,925$1,419$858
26 years$4,292$3,232$2,400$1,760$1,278$754
27 years$4,089$3,042$2,229$1,611$1,152$662
28 years$3,900$2,866$2,072$1,476$1,040$583
29 years$3,725$2,704$1,928$1,354$939$513
30 years$3,562$2,554$1,796$1,242$848$452
31 years$3,410$2,414$1,674$1,141$767$398
32 years$3,268$2,284$1,562$1,049$694$350
33 years$3,134$2,163$1,458$964$628$309
34 years$3,009$2,050$1,363$887$568$272
35 years$2,891$1,945$1,274$817$515$240
36 years$2,779$1,846$1,192$752$467$212
37 years$2,674$1,753$1,116$693$423$187
38 years$2,575$1,666$1,045$639$383$165
39 years$2,481$1,584$979$589$348$146
40 years$2,393$1,507$917$543$315$128
41 years$2,308$1,435$860$501$286$113
42 years$2,228$1,366$807$463$260$100
43 years$2,152$1,302$757$427$236$88
44 years$2,079$1,241$711$394$214$78
45 years$2,010$1,183$667$364$194$69
46 years$1,944$1,129$627$336$176$61
47 years$1,881$1,077$589$311$160$54
48 years$1,821$1,028$553$287$145$47
49 years$1,764$982$520$265$132$42
50 years$1,709$938$489$245$120$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,750,000, adding $2,026 every year, while hoping to spend $21,704 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: 64/6/30 Blend
75$1,750,000$1,750,000$1,750,000$1,750,000
76$1,930,590$1,837,840$1,810,715$2,038,529
77$2,104,417$1,904,801$1,848,281$2,178,958
78$2,295,247$1,974,316$1,886,378$2,329,791
79$2,504,792$2,046,487$1,925,001$2,494,155
80$2,734,936$2,121,420$1,964,144$2,673,384
81$2,987,757$2,199,227$2,003,800$2,868,949
82$3,265,541$2,280,022$2,043,961$3,082,466
83$3,570,810$2,363,927$2,084,617$3,315,720
84$3,906,341$2,451,068$2,125,760$3,570,672
85$4,275,192$2,541,574$2,167,377$3,849,486
86$4,680,733$2,635,583$2,209,456$4,154,542
87$5,126,678$2,733,237$2,251,983$4,488,465
88$5,617,118$2,834,684$2,294,942$4,854,145
89$6,156,559$2,940,078$2,338,318$5,254,764
90$6,749,967$3,049,582$2,382,091$5,693,830
91$7,402,815$3,163,362$2,426,242$6,175,206
92$8,121,130$3,281,595$2,470,749$6,703,148
93$8,911,555$3,404,463$2,515,589$7,282,346
94$9,781,409$3,532,156$2,560,736$7,917,964
95$10,738,755$3,664,875$2,606,164$8,615,696
96$11,792,479$3,802,825$2,651,841$9,381,811
97$12,952,372$3,946,223$2,697,738$10,223,218
98$14,229,221$4,095,295$2,743,819$11,147,531
99$15,634,913$4,250,277$2,790,049$12,163,135
100$17,182,548$4,411,413$2,836,389$13,279,273