Can I retire at age 76 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$157,726$156,321$154,950$153,612$152,306$150,904
2 years$78,082$76,628$75,219$73,852$72,527$71,114
3 years$51,538$50,077$48,671$47,318$46,014$44,634
4 years$38,268$36,812$35,420$34,090$32,818$31,482
5 years$30,308$28,861$27,488$26,184$24,947$23,660
6 years$25,004$23,567$22,214$20,940$19,740$18,502
7 years$21,216$19,792$18,460$17,216$16,054$14,865
8 years$18,377$16,965$15,656$14,442$13,318$12,180
9 years$16,169$14,771$13,484$12,301$11,216$10,127
10 years$14,405$13,020$11,756$10,604$9,557$8,516
11 years$12,962$11,591$10,350$9,228$8,219$7,227
12 years$11,760$10,404$9,185$8,095$7,122$6,177
13 years$10,744$9,402$8,206$7,146$6,211$5,312
14 years$9,874$8,546$7,373$6,344$5,444$4,590
15 years$9,121$7,807$6,657$5,657$4,794$3,983
16 years$8,462$7,163$6,036$5,066$4,237$3,468
17 years$7,882$6,597$5,492$4,551$3,756$3,029
18 years$7,366$6,095$5,014$4,102$3,340$2,652
19 years$6,906$5,649$4,590$3,706$2,977$2,328
20 years$6,491$5,250$4,212$3,357$2,659$2,046
21 years$6,117$4,890$3,874$3,046$2,380$1,802
22 years$5,778$4,564$3,571$2,770$2,133$1,589
23 years$5,468$4,269$3,297$2,523$1,915$1,403
24 years$5,185$4,000$3,049$2,301$1,721$1,240
25 years$4,924$3,754$2,824$2,101$1,549$1,097
26 years$4,684$3,528$2,619$1,921$1,395$972
27 years$4,463$3,320$2,432$1,759$1,258$861
28 years$4,257$3,128$2,261$1,611$1,135$764
29 years$4,066$2,951$2,104$1,478$1,025$678
30 years$3,888$2,787$1,960$1,356$926$602
31 years$3,722$2,635$1,827$1,245$837$534
32 years$3,566$2,493$1,705$1,145$757$475
33 years$3,421$2,361$1,592$1,052$685$422
34 years$3,284$2,238$1,487$968$620$375
35 years$3,155$2,122$1,391$891$562$334
36 years$3,034$2,014$1,301$821$509$297
37 years$2,919$1,913$1,218$756$461$264
38 years$2,811$1,818$1,140$697$418$235
39 years$2,708$1,729$1,068$643$379$209
40 years$2,611$1,645$1,001$593$344$186
41 years$2,519$1,566$939$547$312$166
42 years$2,432$1,491$881$505$283$148
43 years$2,349$1,421$826$466$257$131
44 years$2,269$1,354$776$430$233$117
45 years$2,194$1,292$728$397$212$104
46 years$2,122$1,232$684$367$192$93
47 years$2,053$1,176$643$339$175$83
48 years$1,988$1,122$604$313$159$74
49 years$1,925$1,072$568$290$144$66
50 years$1,865$1,024$534$268$131$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,910,000, adding $6,177 every year, while hoping to spend $26,509 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: 42/48/10 Blend
75$1,910,000$1,910,000$1,910,000$1,910,000
76$2,111,192$2,009,962$1,980,357$2,193,425
77$2,298,328$2,080,244$2,018,493$2,321,780
78$2,503,663$2,153,082$2,057,019$2,457,537
79$2,729,027$2,228,573$2,095,919$2,603,939
80$2,976,432$2,306,818$2,135,176$2,761,969
81$3,248,097$2,387,921$2,174,774$2,932,704
82$3,546,466$2,471,993$2,214,692$3,117,329
83$3,874,232$2,559,146$2,254,911$3,317,144
84$4,234,359$2,649,500$2,295,406$3,533,580
85$4,630,116$2,743,178$2,336,154$3,768,209
86$5,065,101$2,840,306$2,377,128$4,022,758
87$5,543,280$2,941,020$2,418,301$4,299,127
88$6,069,022$3,045,457$2,459,641$4,599,404
89$6,647,139$3,153,762$2,501,116$4,925,887
90$7,282,936$3,266,085$2,542,692$5,281,103
91$7,982,254$3,382,582$2,584,331$5,667,830
92$8,751,531$3,503,415$2,625,993$6,089,126
93$9,597,860$3,628,755$2,667,637$6,548,354
94$10,529,055$3,758,777$2,709,215$7,049,216
95$11,553,726$3,893,665$2,750,682$7,595,784
96$12,681,362$4,033,610$2,791,985$8,192,541
97$13,922,414$4,178,810$2,833,070$8,844,419
98$15,288,402$4,329,474$2,873,879$9,556,847
99$16,792,016$4,485,815$2,914,352$10,335,803
100$18,447,241$4,648,060$2,954,422$11,187,864