Can I retire at age 76 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$153,597$152,229$150,894$149,591$148,319$143,228
2 years$76,038$74,622$73,250$71,919$70,628$65,550
3 years$50,189$48,766$47,397$46,079$44,809$39,905
4 years$37,266$35,848$34,493$33,197$31,958$27,265
5 years$29,515$28,106$26,768$25,499$24,294$19,824
6 years$24,349$22,950$21,633$20,392$19,223$14,979
7 years$20,661$19,274$17,977$16,765$15,634$11,616
8 years$17,896$16,521$15,246$14,064$12,970$9,174
9 years$15,746$14,385$13,131$11,979$10,922$7,345
10 years$14,027$12,679$11,448$10,326$9,306$5,941
11 years$12,622$11,288$10,079$8,987$8,004$4,844
12 years$11,452$10,131$8,945$7,883$6,936$3,974
13 years$10,463$9,156$7,991$6,959$6,048$3,277
14 years$9,615$8,322$7,180$6,178$5,302$2,713
15 years$8,882$7,602$6,483$5,509$4,668$2,254
16 years$8,241$6,975$5,878$4,933$4,126$1,877
17 years$7,675$6,424$5,348$4,432$3,658$1,567
18 years$7,173$5,936$4,882$3,994$3,253$1,310
19 years$6,725$5,501$4,470$3,609$2,899$1,097
20 years$6,322$5,112$4,102$3,269$2,590$920
21 years$5,957$4,762$3,773$2,967$2,317$772
22 years$5,626$4,445$3,477$2,697$2,077$648
23 years$5,325$4,157$3,211$2,457$1,865$545
24 years$5,049$3,895$2,969$2,241$1,676$459
25 years$4,795$3,655$2,750$2,046$1,508$386
26 years$4,562$3,435$2,551$1,871$1,358$325
27 years$4,346$3,233$2,369$1,713$1,225$274
28 years$4,146$3,047$2,202$1,569$1,105$231
29 years$3,959$2,874$2,049$1,439$998$194
30 years$3,786$2,714$1,909$1,321$902$164
31 years$3,624$2,566$1,779$1,213$815$138
32 years$3,473$2,428$1,660$1,115$737$116
33 years$3,331$2,299$1,550$1,025$667$98
34 years$3,198$2,179$1,448$943$604$83
35 years$3,072$2,067$1,354$868$547$70
36 years$2,954$1,962$1,267$800$496$59
37 years$2,843$1,863$1,186$737$449$50
38 years$2,737$1,771$1,110$679$407$42
39 years$2,637$1,684$1,040$626$369$35
40 years$2,543$1,602$975$577$335$30
41 years$2,453$1,525$914$533$304$25
42 years$2,368$1,452$858$492$276$21
43 years$2,287$1,384$805$454$250$18
44 years$2,210$1,319$755$419$227$15
45 years$2,136$1,258$709$387$206$13
46 years$2,066$1,200$666$358$187$11
47 years$2,000$1,145$626$330$170$9
48 years$1,936$1,093$588$305$154$8
49 years$1,874$1,044$553$282$140$6
50 years$1,816$997$520$261$127$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,860,000, adding $5,349 every year, while hoping to spend $37,206 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: 54/26/20 Blend
75$1,860,000$1,860,000$1,860,000$1,860,000
76$2,055,237$1,956,657$1,927,827$2,154,760
77$2,225,285$2,012,947$1,952,823$2,279,832
78$2,411,430$2,070,747$1,977,409$2,411,543
79$2,615,276$2,130,094$2,001,532$2,554,115
80$2,838,587$2,191,021$2,025,136$2,708,599
81$3,083,307$2,253,566$2,048,162$2,876,147
82$3,351,577$2,317,764$2,070,549$3,058,031
83$3,645,755$2,383,651$2,092,229$3,255,650
84$3,968,437$2,451,264$2,113,133$3,470,545
85$4,322,482$2,520,641$2,133,188$3,704,413
86$4,711,043$2,591,820$2,152,317$3,959,124
87$5,137,588$2,664,838$2,170,438$4,236,736
88$5,605,940$2,739,733$2,187,466$4,539,516
89$6,120,310$2,816,544$2,203,311$4,869,963
90$6,685,337$2,895,310$2,217,877$5,230,827
91$7,306,130$2,976,069$2,231,064$5,625,140
92$7,988,319$3,058,860$2,242,769$6,056,240
93$8,738,105$3,143,722$2,252,880$6,527,806
94$9,562,322$3,230,695$2,261,281$7,043,891
95$10,468,496$3,319,816$2,267,851$7,608,960
96$11,464,921$3,411,125$2,272,462$8,227,931
97$12,560,733$3,504,660$2,274,980$8,906,226
98$13,765,999$3,600,460$2,275,263$9,649,815
99$15,091,811$3,698,562$2,273,164$10,465,280
100$16,550,388$3,799,004$2,268,528$11,359,870