Can I retire at age 76 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$158,552$157,140$155,762$154,417$153,103$150,197
2 years$78,491$77,029$75,612$74,239$72,906$69,989
3 years$51,808$50,339$48,926$47,566$46,255$43,418
4 years$38,468$37,005$35,606$34,268$32,989$30,255
5 years$30,467$29,012$27,632$26,321$25,078$22,454
6 years$25,135$23,691$22,330$21,049$19,843$17,332
7 years$21,327$19,895$18,557$17,306$16,138$13,740
8 years$18,473$17,054$15,738$14,517$13,388$11,104
9 years$16,254$14,849$13,555$12,366$11,275$9,102
10 years$14,480$13,088$11,817$10,659$9,607$7,543
11 years$13,029$11,652$10,404$9,277$8,262$6,306
12 years$11,822$10,458$9,233$8,137$7,160$5,308
13 years$10,800$9,451$8,249$7,184$6,243$4,493
14 years$9,926$8,591$7,412$6,377$5,473$3,821
15 years$9,168$7,848$6,692$5,687$4,819$3,262
16 years$8,506$7,200$6,067$5,092$4,259$2,793
17 years$7,923$6,631$5,521$4,575$3,776$2,399
18 years$7,405$6,127$5,040$4,123$3,358$2,064
19 years$6,942$5,679$4,614$3,726$2,993$1,780
20 years$6,525$5,277$4,234$3,374$2,673$1,537
21 years$6,149$4,915$3,895$3,062$2,392$1,330
22 years$5,808$4,588$3,590$2,784$2,144$1,151
23 years$5,497$4,291$3,314$2,536$1,925$998
24 years$5,212$4,021$3,065$2,313$1,730$866
25 years$4,950$3,773$2,839$2,112$1,557$752
26 years$4,709$3,546$2,633$1,931$1,402$653
27 years$4,486$3,337$2,445$1,768$1,264$568
28 years$4,279$3,145$2,273$1,620$1,141$494
29 years$4,087$2,967$2,115$1,485$1,030$430
30 years$3,908$2,802$1,970$1,363$931$374
31 years$3,741$2,649$1,837$1,252$841$326
32 years$3,585$2,506$1,714$1,151$761$284
33 years$3,438$2,373$1,600$1,058$689$247
34 years$3,301$2,249$1,495$973$624$215
35 years$3,171$2,134$1,398$896$565$188
36 years$3,049$2,025$1,308$825$512$164
37 years$2,934$1,923$1,224$760$464$143
38 years$2,825$1,828$1,146$701$421$124
39 years$2,723$1,738$1,074$646$381$108
40 years$2,625$1,654$1,006$596$346$95
41 years$2,532$1,574$944$550$314$82
42 years$2,444$1,499$885$508$285$72
43 years$2,361$1,428$831$469$258$63
44 years$2,281$1,362$780$433$235$55
45 years$2,205$1,298$732$400$213$48
46 years$2,133$1,239$688$369$193$42
47 years$2,064$1,182$646$341$176$36
48 years$1,998$1,128$607$315$159$32
49 years$1,935$1,078$571$291$145$28
50 years$1,875$1,029$536$269$132$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,920,000, adding $5,762 every year, while hoping to spend $42,196 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: 29/45/26 Blend
75$1,920,000$1,920,000$1,920,000$1,920,000
76$2,121,784$2,020,024$1,990,264$2,166,077
77$2,293,309$2,074,108$2,012,041$2,255,343
78$2,480,916$2,129,429$2,033,134$2,347,166
79$2,686,201$2,186,002$2,053,475$2,445,030
80$2,910,919$2,243,842$2,072,992$2,549,484
81$3,157,007$2,302,964$2,091,611$2,661,134
82$3,426,594$2,363,383$2,109,253$2,780,647
83$3,722,028$2,425,110$2,125,835$2,908,755
84$4,045,893$2,488,158$2,141,268$3,046,268
85$4,401,035$2,552,539$2,155,461$3,194,075
86$4,790,589$2,618,261$2,168,318$3,353,157
87$5,218,008$2,685,335$2,179,735$3,524,594
88$5,687,095$2,753,767$2,189,607$3,709,577
89$6,202,040$2,823,562$2,197,819$3,909,417
90$6,767,457$2,894,726$2,204,256$4,125,559
91$7,388,430$2,967,260$2,208,791$4,359,596
92$8,070,560$3,041,166$2,211,295$4,613,283
93$8,820,014$3,116,440$2,211,631$4,888,553
94$9,643,590$3,193,081$2,209,655$5,187,539
95$10,548,775$3,271,080$2,205,217$5,512,589
96$11,543,818$3,350,430$2,198,159$5,866,295
97$12,637,805$3,431,119$2,188,315$6,251,509
98$13,840,749$3,513,132$2,175,512$6,671,378
99$15,163,681$3,596,451$2,159,567$7,129,370
100$16,618,753$3,681,054$2,140,290$7,629,309