Can I retire at age 76 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$152,771$151,410$150,083$148,787$147,522$143,432
2 years$75,629$74,221$72,856$71,532$70,248$66,159
3 years$49,919$48,504$47,142$45,831$44,568$40,607
4 years$37,066$35,656$34,308$33,019$31,787$27,983
5 years$29,356$27,954$26,624$25,362$24,164$20,529
6 years$24,218$22,827$21,516$20,282$19,120$15,658
7 years$20,550$19,170$17,880$16,675$15,550$12,260
8 years$17,799$16,432$15,164$13,988$12,900$9,781
9 years$15,661$14,307$13,061$11,915$10,864$7,912
10 years$13,952$12,611$11,386$10,271$9,256$6,468
11 years$12,554$11,227$10,024$8,939$7,961$5,332
12 years$11,391$10,077$8,896$7,840$6,899$4,424
13 years$10,407$9,106$7,948$6,922$6,016$3,691
14 years$9,564$8,277$7,142$6,144$5,273$3,092
15 years$8,834$7,562$6,448$5,480$4,643$2,599
16 years$8,196$6,938$5,846$4,907$4,104$2,191
17 years$7,634$6,389$5,320$4,408$3,638$1,852
18 years$7,135$5,904$4,856$3,973$3,235$1,568
19 years$6,689$5,472$4,446$3,590$2,884$1,330
20 years$6,288$5,085$4,080$3,251$2,576$1,130
21 years$5,925$4,736$3,753$2,951$2,305$961
22 years$5,596$4,421$3,459$2,683$2,066$818
23 years$5,296$4,135$3,194$2,443$1,855$697
24 years$5,022$3,874$2,953$2,229$1,667$594
25 years$4,770$3,636$2,736$2,035$1,500$507
26 years$4,537$3,417$2,537$1,861$1,351$433
27 years$4,322$3,216$2,356$1,703$1,218$369
28 years$4,123$3,030$2,190$1,561$1,099$316
29 years$3,938$2,859$2,038$1,431$993$270
30 years$3,766$2,700$1,898$1,313$897$231
31 years$3,605$2,552$1,770$1,206$811$197
32 years$3,454$2,415$1,651$1,109$733$169
33 years$3,313$2,287$1,542$1,019$664$144
34 years$3,180$2,167$1,441$938$601$123
35 years$3,056$2,056$1,347$863$544$106
36 years$2,938$1,951$1,260$795$493$90
37 years$2,827$1,853$1,179$733$447$77
38 years$2,722$1,761$1,104$675$405$66
39 years$2,623$1,675$1,035$623$367$57
40 years$2,529$1,593$970$574$333$48
41 years$2,440$1,517$909$530$302$41
42 years$2,355$1,444$853$489$274$35
43 years$2,275$1,376$800$451$249$30
44 years$2,198$1,312$751$417$226$26
45 years$2,125$1,251$705$385$205$22
46 years$2,055$1,193$663$356$186$19
47 years$1,989$1,139$622$329$169$16
48 years$1,925$1,087$585$304$154$14
49 years$1,864$1,038$550$281$140$12
50 years$1,806$992$517$259$127$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,850,000, adding $6,238 every year, while hoping to spend $59,936 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: 61/29/10 Blend
75$1,850,000$1,850,000$1,850,000$1,850,000
76$2,045,134$1,947,084$1,918,409$2,164,857
77$2,189,967$1,978,720$1,918,905$2,277,492
78$2,347,563$2,009,897$1,917,408$2,392,922
79$2,519,162$2,040,530$1,913,789$2,517,384
80$2,706,127$2,070,526$1,907,911$2,651,754
81$2,909,958$2,099,788$1,899,632$2,796,995
82$3,132,305$2,128,209$1,888,801$2,954,169
83$3,374,986$2,155,677$1,875,261$3,124,448
84$3,640,001$2,182,071$1,858,849$3,309,122
85$3,929,551$2,207,263$1,839,391$3,509,616
86$4,246,061$2,231,114$1,816,706$3,727,497
87$4,592,199$2,253,479$1,790,606$3,964,496
88$4,970,905$2,274,201$1,760,892$4,222,520
89$5,385,412$2,293,112$1,727,357$4,503,673
90$5,839,285$2,310,035$1,689,785$4,810,274
91$6,336,447$2,324,782$1,647,947$5,144,878
92$6,881,218$2,337,150$1,601,607$5,510,304
93$7,478,357$2,346,925$1,550,516$5,909,662
94$8,133,105$2,353,879$1,494,413$6,346,377
95$8,851,234$2,357,772$1,433,028$6,824,229
96$9,639,101$2,358,344$1,366,076$7,347,384
97$10,503,709$2,355,323$1,293,259$7,920,435
98$11,452,773$2,348,418$1,214,269$8,548,448
99$12,494,787$2,337,323$1,128,779$9,237,008
100$13,639,113$2,321,709$1,036,450$9,992,272