Can I retire at age 76 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$150,294$148,955$147,649$146,374$145,129$143,554
2 years$74,403$73,017$71,674$70,372$69,109$67,523
3 years$49,109$47,718$46,378$45,088$43,846$42,298
4 years$36,465$35,077$33,751$32,483$31,271$29,774
5 years$28,880$27,501$26,192$24,950$23,772$22,329
6 years$23,825$22,457$21,167$19,953$18,810$17,424
7 years$20,216$18,859$17,590$16,405$15,297$13,968
8 years$17,511$16,166$14,918$13,761$12,691$11,418
9 years$15,407$14,075$12,849$11,722$10,687$9,472
10 years$13,726$12,407$11,202$10,104$9,106$7,946
11 years$12,351$11,045$9,862$8,794$7,832$6,726
12 years$11,206$9,913$8,752$7,713$6,787$5,735
13 years$10,238$8,959$7,820$6,810$5,918$4,919
14 years$9,409$8,143$7,026$6,045$5,188$4,239
15 years$8,691$7,439$6,343$5,391$4,568$3,669
16 years$8,063$6,825$5,751$4,827$4,037$3,186
17 years$7,510$6,286$5,233$4,337$3,579$2,775
18 years$7,019$5,808$4,777$3,908$3,183$2,423
19 years$6,580$5,383$4,373$3,532$2,837$2,120
20 years$6,186$5,002$4,014$3,199$2,534$1,858
21 years$5,829$4,659$3,692$2,903$2,268$1,631
22 years$5,505$4,349$3,403$2,639$2,033$1,434
23 years$5,210$4,068$3,142$2,404$1,825$1,263
24 years$4,940$3,811$2,906$2,192$1,640$1,113
25 years$4,692$3,577$2,691$2,002$1,476$981
26 years$4,464$3,362$2,496$1,831$1,329$866
27 years$4,252$3,164$2,318$1,676$1,198$765
28 years$4,056$2,981$2,155$1,535$1,081$676
29 years$3,874$2,812$2,005$1,408$976$598
30 years$3,705$2,656$1,868$1,292$882$529
31 years$3,546$2,511$1,741$1,187$798$469
32 years$3,398$2,376$1,624$1,091$722$415
33 years$3,259$2,250$1,517$1,003$653$368
34 years$3,129$2,132$1,417$923$591$326
35 years$3,006$2,022$1,325$849$535$289
36 years$2,891$1,920$1,239$782$485$256
37 years$2,781$1,823$1,160$721$440$227
38 years$2,678$1,733$1,086$664$399$201
39 years$2,581$1,648$1,018$613$362$179
40 years$2,488$1,568$954$565$328$158
41 years$2,400$1,492$895$521$297$140
42 years$2,317$1,421$839$481$270$125
43 years$2,238$1,354$787$444$245$111
44 years$2,162$1,291$739$410$222$98
45 years$2,091$1,231$694$379$202$87
46 years$2,022$1,174$652$350$183$77
47 years$1,957$1,120$612$323$166$69
48 years$1,894$1,070$575$299$151$61
49 years$1,834$1,021$541$276$137$54
50 years$1,777$976$509$255$125$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,820,000, adding $5,865 every year, while hoping to spend $35,951 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: 68/25/7 Blend
75$1,820,000$1,820,000$1,820,000$1,820,000
76$2,011,690$1,915,230$1,887,020$2,145,757
77$2,178,631$1,970,824$1,911,983$2,290,961
78$2,361,394$2,027,938$1,936,578$2,444,776
79$2,561,557$2,086,608$1,960,754$2,612,009
80$2,780,855$2,146,870$1,984,458$2,793,968
81$3,021,198$2,208,763$2,007,634$2,992,091
82$3,284,692$2,272,325$2,030,221$3,207,960
83$3,573,656$2,337,594$2,052,159$3,443,320
84$3,890,642$2,404,609$2,073,380$3,700,089
85$4,238,465$2,473,412$2,093,815$3,980,381
86$4,620,220$2,544,041$2,113,390$4,286,522
87$5,039,322$2,616,539$2,132,028$4,621,075
88$5,499,530$2,690,946$2,149,647$4,986,861
89$6,004,983$2,767,304$2,166,162$5,386,990
90$6,560,245$2,845,655$2,181,482$5,824,884
91$7,170,340$2,926,042$2,195,512$6,304,312
92$7,840,805$3,008,508$2,208,152$6,829,429
93$8,577,738$3,093,097$2,219,296$7,404,808
94$9,387,860$3,179,851$2,228,835$8,035,489
95$10,278,573$3,268,814$2,236,652$8,727,021
96$11,258,032$3,360,031$2,242,625$9,485,519
97$12,335,225$3,453,546$2,246,626$10,317,720
98$13,520,050$3,549,402$2,248,520$11,231,044
99$14,823,417$3,647,645$2,248,167$12,233,668
100$16,257,343$3,748,317$2,245,418$13,334,597