Can I retire at age 76 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$159,378$157,958$156,573$155,221$153,901$152,167
2 years$78,900$77,430$76,006$74,625$73,286$71,541
3 years$52,077$50,602$49,181$47,813$46,496$44,793
4 years$38,669$37,198$35,791$34,447$33,161$31,514
5 years$30,626$29,163$27,775$26,458$25,209$23,622
6 years$25,265$23,814$22,447$21,159$19,947$18,422
7 years$21,438$19,999$18,653$17,396$16,222$14,761
8 years$18,569$17,143$15,819$14,593$13,458$12,059
9 years$16,339$14,926$13,625$12,430$11,333$9,997
10 years$14,555$13,156$11,879$10,715$9,657$8,382
11 years$13,097$11,712$10,458$9,325$8,305$7,091
12 years$11,883$10,512$9,281$8,179$7,197$6,042
13 years$10,857$9,500$8,292$7,221$6,276$5,179
14 years$9,977$8,635$7,451$6,410$5,501$4,460
15 years$9,216$7,889$6,727$5,717$4,844$3,857
16 years$8,551$7,238$6,099$5,119$4,281$3,348
17 years$7,964$6,666$5,550$4,599$3,796$2,913
18 years$7,443$6,159$5,066$4,145$3,375$2,542
19 years$6,978$5,708$4,638$3,745$3,008$2,223
20 years$6,559$5,305$4,256$3,392$2,687$1,947
21 years$6,181$4,941$3,915$3,078$2,405$1,708
22 years$5,838$4,612$3,608$2,799$2,155$1,501
23 years$5,525$4,314$3,332$2,549$1,935$1,320
24 years$5,239$4,042$3,081$2,325$1,739$1,162
25 years$4,976$3,793$2,854$2,123$1,565$1,024
26 years$4,733$3,565$2,647$1,941$1,410$904
27 years$4,509$3,355$2,458$1,777$1,271$798
28 years$4,302$3,161$2,285$1,628$1,147$704
29 years$4,108$2,982$2,126$1,493$1,035$622
30 years$3,929$2,816$1,980$1,370$936$550
31 years$3,761$2,662$1,846$1,258$846$487
32 years$3,604$2,519$1,723$1,157$765$431
33 years$3,456$2,386$1,608$1,064$692$381
34 years$3,318$2,261$1,503$979$627$337
35 years$3,188$2,145$1,405$901$568$299
36 years$3,065$2,036$1,314$830$515$265
37 years$2,950$1,933$1,230$764$466$235
38 years$2,840$1,837$1,152$705$423$208
39 years$2,737$1,747$1,079$650$383$184
40 years$2,639$1,662$1,012$599$348$163
41 years$2,546$1,582$949$553$315$145
42 years$2,457$1,507$890$510$286$128
43 years$2,373$1,436$835$471$260$114
44 years$2,293$1,369$784$435$236$101
45 years$2,217$1,305$736$402$214$89
46 years$2,144$1,245$691$371$194$79
47 years$2,075$1,188$649$343$176$70
48 years$2,008$1,134$610$317$160$62
49 years$1,945$1,083$574$293$146$55
50 years$1,884$1,035$539$271$132$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,930,000, adding $2,480 every year, while hoping to spend $25,696 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: 57/32/11 Blend
75$1,930,000$1,930,000$1,930,000$1,930,000
76$2,129,418$2,027,128$1,997,213$2,244,894
77$2,319,278$2,099,117$2,036,779$2,395,133
78$2,527,643$2,173,772$2,076,810$2,555,694
79$2,756,373$2,251,197$2,117,293$2,730,029
80$3,007,517$2,331,500$2,158,216$2,919,462
81$3,283,332$2,414,792$2,199,565$3,125,446
82$3,586,305$2,501,190$2,241,324$3,349,581
83$3,919,177$2,590,816$2,283,476$3,593,626
84$4,284,963$2,683,797$2,326,003$3,859,518
85$4,686,990$2,780,263$2,368,885$4,149,387
86$5,128,920$2,880,353$2,412,099$4,465,577
87$5,614,788$2,984,208$2,455,623$4,810,669
88$6,149,040$3,091,979$2,499,430$5,187,501
89$6,736,574$3,203,818$2,543,494$5,599,201
90$7,382,788$3,319,888$2,587,784$6,049,208
91$8,093,626$3,440,357$2,632,268$6,541,310
92$8,875,641$3,565,399$2,676,914$7,079,677
93$9,736,049$3,695,197$2,721,684$7,668,901
94$10,682,805$3,829,940$2,766,539$8,314,036
95$11,724,671$3,969,826$2,811,438$9,020,648
96$12,871,302$4,115,062$2,856,335$9,794,866
97$14,133,337$4,265,862$2,901,184$10,643,440
98$15,522,497$4,422,450$2,945,935$11,573,803
99$17,051,701$4,585,059$2,990,532$12,594,139
100$18,735,179$4,753,932$3,034,920$13,713,465