Can I retire at age 76 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$161,029$159,595$158,195$156,829$155,496$153,425
2 years$79,717$78,233$76,794$75,399$74,046$71,963
3 years$52,617$51,126$49,691$48,309$46,978$44,948
4 years$39,070$37,583$36,162$34,804$33,505$31,543
5 years$30,943$29,466$28,063$26,733$25,470$23,582
6 years$25,527$24,061$22,679$21,378$20,153$18,342
7 years$21,660$20,206$18,847$17,576$16,390$14,655
8 years$18,761$17,320$15,983$14,744$13,597$11,939
9 years$16,508$15,081$13,767$12,559$11,451$9,868
10 years$14,706$13,293$12,002$10,826$9,757$8,249
11 years$13,233$11,834$10,566$9,422$8,391$6,957
12 years$12,006$10,621$9,377$8,264$7,271$5,909
13 years$10,969$9,599$8,378$7,296$6,341$5,048
14 years$10,081$8,725$7,528$6,477$5,558$4,333
15 years$9,312$7,970$6,797$5,776$4,894$3,735
16 years$8,639$7,313$6,162$5,172$4,325$3,230
17 years$8,047$6,735$5,607$4,647$3,835$2,801
18 years$7,520$6,223$5,119$4,188$3,410$2,435
19 years$7,050$5,768$4,686$3,784$3,039$2,122
20 years$6,627$5,359$4,300$3,427$2,715$1,852
21 years$6,245$4,992$3,956$3,110$2,430$1,618
22 years$5,899$4,660$3,646$2,828$2,178$1,416
23 years$5,583$4,358$3,366$2,575$1,955$1,241
24 years$5,293$4,084$3,113$2,349$1,757$1,089
25 years$5,027$3,832$2,883$2,145$1,581$956
26 years$4,782$3,602$2,674$1,961$1,424$840
27 years$4,556$3,390$2,483$1,795$1,284$738
28 years$4,346$3,194$2,308$1,645$1,159$649
29 years$4,151$3,013$2,148$1,508$1,046$571
30 years$3,969$2,846$2,001$1,384$945$503
31 years$3,800$2,690$1,865$1,271$855$443
32 years$3,641$2,545$1,741$1,169$773$391
33 years$3,492$2,410$1,625$1,075$700$344
34 years$3,352$2,285$1,518$989$633$303
35 years$3,221$2,167$1,420$910$574$268
36 years$3,097$2,057$1,328$838$520$236
37 years$2,980$1,953$1,243$772$471$208
38 years$2,870$1,856$1,164$712$427$184
39 years$2,765$1,765$1,091$656$387$162
40 years$2,666$1,679$1,022$605$351$143
41 years$2,572$1,599$958$559$319$126
42 years$2,483$1,523$899$515$289$112
43 years$2,398$1,451$844$476$262$98
44 years$2,317$1,383$792$439$238$87
45 years$2,240$1,319$744$406$216$77
46 years$2,166$1,258$698$375$196$68
47 years$2,096$1,200$656$346$178$60
48 years$2,029$1,146$617$320$162$53
49 years$1,965$1,094$580$296$147$47
50 years$1,904$1,045$545$273$134$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,950,000, adding $2,038 every year, while hoping to spend $45,871 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: 50/36/14 Blend
75$1,950,000$1,950,000$1,950,000$1,950,000
76$2,151,002$2,047,652$2,017,427$2,250,225
77$2,321,598$2,099,181$2,036,205$2,370,133
78$2,508,057$2,151,697$2,054,074$2,495,402
79$2,711,949$2,205,200$2,070,956$2,630,511
80$2,935,003$2,259,690$2,086,767$2,776,398
81$3,179,120$2,315,162$2,101,421$2,934,099
82$3,446,398$2,371,612$2,114,826$3,104,754
83$3,739,142$2,429,032$2,126,884$3,289,617
84$4,059,894$2,487,414$2,137,494$3,490,069
85$4,411,453$2,546,747$2,146,550$3,707,635
86$4,796,900$2,607,017$2,153,938$3,943,990
87$5,219,631$2,668,208$2,159,542$4,200,983
88$5,683,383$2,730,300$2,163,237$4,480,648
89$6,192,276$2,793,273$2,164,893$4,785,227
90$6,750,846$2,857,101$2,164,375$5,117,191
91$7,364,088$2,921,755$2,161,538$5,479,262
92$8,037,509$2,987,204$2,156,232$5,874,439
93$8,777,170$3,053,412$2,148,301$6,306,027
94$9,589,751$3,120,339$2,137,579$6,777,668
95$10,482,610$3,187,941$2,123,893$7,293,373
96$11,463,855$3,256,168$2,107,062$7,857,566
97$12,542,415$3,324,968$2,086,895$8,475,119
98$13,728,130$3,394,279$2,063,195$9,151,403
99$15,031,838$3,464,038$2,035,751$9,892,336
100$16,465,484$3,534,174$2,004,347$10,704,440