Can I retire at age 76 with 1,890,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$156,074$154,684$153,328$152,004$150,711$149,448
2 years$77,265$75,826$74,431$73,079$71,767$70,495
3 years$50,998$49,553$48,162$46,822$45,532$44,289
4 years$37,867$36,427$35,049$33,733$32,474$31,270
5 years$29,991$28,559$27,200$25,910$24,686$23,525
6 years$24,742$23,320$21,981$20,720$19,533$18,416
7 years$20,994$19,585$18,267$17,035$15,886$14,813
8 years$18,184$16,788$15,492$14,291$13,179$12,151
9 years$16,000$14,617$13,343$12,172$11,098$10,115
10 years$14,254$12,884$11,633$10,493$9,456$8,516
11 years$12,826$11,470$10,241$9,132$8,133$7,236
12 years$11,637$10,295$9,089$8,010$7,048$6,193
13 years$10,632$9,303$8,120$7,071$6,146$5,332
14 years$9,771$8,456$7,296$6,277$5,387$4,614
15 years$9,025$7,725$6,587$5,598$4,743$4,009
16 years$8,373$7,088$5,972$5,013$4,192$3,496
17 years$7,799$6,527$5,435$4,504$3,717$3,057
18 years$7,289$6,032$4,961$4,059$3,305$2,681
19 years$6,833$5,590$4,542$3,667$2,946$2,356
20 years$6,424$5,195$4,168$3,322$2,631$2,074
21 years$6,053$4,839$3,834$3,015$2,355$1,829
22 years$5,717$4,517$3,534$2,741$2,111$1,616
23 years$5,411$4,224$3,263$2,496$1,895$1,429
24 years$5,130$3,958$3,017$2,277$1,703$1,265
25 years$4,873$3,714$2,795$2,079$1,532$1,121
26 years$4,635$3,491$2,592$1,901$1,380$994
27 years$4,416$3,285$2,407$1,740$1,245$882
28 years$4,212$3,096$2,237$1,594$1,123$784
29 years$4,023$2,920$2,082$1,462$1,014$696
30 years$3,847$2,758$1,939$1,342$916$619
31 years$3,683$2,607$1,808$1,232$828$551
32 years$3,529$2,467$1,687$1,133$749$490
33 years$3,385$2,336$1,575$1,041$678$436
34 years$3,249$2,214$1,472$958$614$389
35 years$3,122$2,100$1,376$882$556$346
36 years$3,002$1,993$1,287$812$504$308
37 years$2,888$1,893$1,205$749$457$275
38 years$2,781$1,799$1,128$690$414$245
39 years$2,680$1,711$1,057$636$375$218
40 years$2,584$1,628$991$587$341$195
41 years$2,493$1,550$929$541$309$174
42 years$2,406$1,476$871$500$280$155
43 years$2,324$1,406$818$461$254$138
44 years$2,246$1,340$768$426$231$123
45 years$2,171$1,278$721$393$210$110
46 years$2,100$1,219$677$363$190$98
47 years$2,032$1,164$636$336$173$88
48 years$1,967$1,111$598$310$157$78
49 years$1,905$1,061$562$287$143$70
50 years$1,845$1,013$528$265$129$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,890,000, adding $3,235 every year, while hoping to spend $30,721 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: 75/6/19 Blend