Can I retire at age 76 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$154,423$153,047$151,705$150,395$149,116$145,927
2 years$76,447$75,023$73,643$72,306$71,008$67,810
3 years$50,458$49,028$47,652$46,327$45,050$41,944
4 years$37,467$36,041$34,679$33,376$32,130$29,139
5 years$29,674$28,257$26,912$25,636$24,425$21,558
6 years$24,480$23,074$21,749$20,501$19,327$16,586
7 years$20,772$19,377$18,073$16,855$15,718$13,105
8 years$17,992$16,610$15,328$14,139$13,039$10,553
9 years$15,831$14,462$13,202$12,044$10,981$8,620
10 years$14,103$12,747$11,510$10,382$9,356$7,117
11 years$12,690$11,348$10,133$9,035$8,047$5,927
12 years$11,514$10,186$8,993$7,925$6,973$4,970
13 years$10,519$9,205$8,034$6,997$6,081$4,190
14 years$9,667$8,367$7,219$6,211$5,330$3,549
15 years$8,930$7,643$6,518$5,539$4,693$3,017
16 years$8,285$7,013$5,909$4,960$4,148$2,573
17 years$7,716$6,458$5,377$4,456$3,678$2,200
18 years$7,212$5,968$4,909$4,016$3,270$1,885
19 years$6,761$5,531$4,494$3,629$2,915$1,618
20 years$6,356$5,140$4,124$3,286$2,604$1,391
21 years$5,989$4,787$3,793$2,983$2,330$1,198
22 years$5,657$4,469$3,496$2,712$2,088$1,032
23 years$5,354$4,180$3,228$2,470$1,875$891
24 years$5,076$3,916$2,985$2,253$1,685$769
25 years$4,821$3,675$2,765$2,057$1,516$664
26 years$4,586$3,454$2,564$1,881$1,366$575
27 years$4,369$3,251$2,381$1,722$1,231$497
28 years$4,168$3,063$2,214$1,577$1,111$430
29 years$3,981$2,890$2,060$1,447$1,003$372
30 years$3,807$2,729$1,919$1,328$907$323
31 years$3,644$2,580$1,789$1,219$820$280
32 years$3,492$2,441$1,669$1,121$741$242
33 years$3,349$2,312$1,558$1,030$671$210
34 years$3,215$2,191$1,456$948$607$182
35 years$3,089$2,078$1,361$873$550$158
36 years$2,970$1,972$1,274$804$499$137
37 years$2,858$1,873$1,192$741$452$119
38 years$2,752$1,780$1,116$683$410$103
39 years$2,652$1,693$1,046$629$371$89
40 years$2,557$1,611$980$581$337$78
41 years$2,466$1,533$919$536$306$67
42 years$2,381$1,460$862$494$277$58
43 years$2,299$1,391$809$456$252$51
44 years$2,222$1,326$759$421$228$44
45 years$2,148$1,265$713$389$207$38
46 years$2,078$1,206$670$359$188$33
47 years$2,010$1,151$629$332$171$29
48 years$1,946$1,099$591$307$155$25
49 years$1,885$1,049$556$284$141$22
50 years$1,826$1,002$523$262$128$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,870,000, adding $3,968 every year, while hoping to spend $28,045 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: 41/43/16 Blend
75$1,870,000$1,870,000$1,870,000$1,870,000
76$2,064,833$1,965,723$1,936,738$2,139,591
77$2,245,606$2,032,204$1,971,779$2,259,366
78$2,443,879$2,101,002$2,007,054$2,385,879
79$2,661,405$2,172,202$2,042,541$2,522,213
80$2,900,119$2,245,891$2,078,217$2,669,275
81$3,162,150$2,322,158$2,114,056$2,828,065
82$3,449,845$2,401,099$2,150,032$2,999,680
83$3,765,786$2,482,811$2,186,116$3,185,328
84$4,112,822$2,567,393$2,222,276$3,386,335
85$4,494,087$2,654,953$2,258,480$3,604,160
86$4,913,036$2,745,599$2,294,691$3,840,408
87$5,373,476$2,839,443$2,330,874$4,096,842
88$5,879,599$2,936,604$2,366,986$4,375,404
89$6,436,025$3,037,204$2,402,987$4,678,229
90$7,047,842$3,141,370$2,438,829$5,007,666
91$7,720,657$3,249,233$2,474,466$5,366,300
92$8,460,649$3,360,930$2,509,845$5,756,976
93$9,274,624$3,476,603$2,544,913$6,182,824
94$10,170,079$3,596,401$2,579,612$6,647,289
95$11,155,279$3,720,477$2,613,881$7,154,164
96$12,239,327$3,848,989$2,647,655$7,707,623
97$13,432,253$3,982,104$2,680,866$8,312,263
98$14,745,109$4,119,994$2,713,442$8,973,142
99$16,190,074$4,262,838$2,745,306$9,695,831
100$17,780,566$4,410,821$2,776,378$10,486,463