Can I retire at age 76 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$164,332$162,869$161,440$160,046$158,685$154,786
2 years$81,353$79,838$78,369$76,945$75,564$71,660
3 years$53,696$52,175$50,710$49,300$47,941$44,154
4 years$39,871$38,354$36,904$35,518$34,192$30,551
5 years$31,578$30,070$28,639$27,281$25,992$22,507
6 years$26,051$24,554$23,145$21,817$20,567$17,242
7 years$22,105$20,621$19,233$17,937$16,726$13,561
8 years$19,146$17,676$16,311$15,047$13,876$10,870
9 years$16,847$15,390$14,049$12,816$11,686$8,836
10 years$15,008$13,565$12,248$11,048$9,957$7,260
11 years$13,504$12,077$10,783$9,615$8,563$6,015
12 years$12,253$10,839$9,570$8,434$7,421$5,017
13 years$11,194$9,796$8,550$7,446$6,471$4,208
14 years$10,288$8,904$7,682$6,609$5,672$3,544
15 years$9,503$8,134$6,936$5,894$4,994$2,996
16 years$8,816$7,463$6,288$5,278$4,414$2,541
17 years$8,212$6,873$5,722$4,742$3,914$2,160
18 years$7,675$6,351$5,224$4,274$3,480$1,840
19 years$7,195$5,886$4,782$3,862$3,102$1,570
20 years$6,763$5,469$4,389$3,497$2,771$1,342
21 years$6,374$5,095$4,037$3,174$2,479$1,148
22 years$6,020$4,756$3,720$2,886$2,222$983
23 years$5,697$4,448$3,435$2,628$1,995$843
24 years$5,402$4,167$3,177$2,397$1,793$723
25 years$5,131$3,911$2,943$2,189$1,614$621
26 years$4,881$3,676$2,729$2,002$1,453$534
27 years$4,649$3,459$2,534$1,832$1,310$459
28 years$4,435$3,259$2,356$1,679$1,182$394
29 years$4,236$3,075$2,192$1,539$1,068$339
30 years$4,051$2,904$2,042$1,413$965$292
31 years$3,878$2,745$1,904$1,298$872$251
32 years$3,716$2,598$1,776$1,192$789$216
33 years$3,564$2,460$1,658$1,097$714$186
34 years$3,421$2,331$1,550$1,009$646$160
35 years$3,287$2,211$1,449$929$586$138
36 years$3,161$2,099$1,355$855$530$119
37 years$3,041$1,993$1,269$788$481$102
38 years$2,928$1,894$1,188$726$436$88
39 years$2,822$1,801$1,113$670$395$76
40 years$2,721$1,714$1,043$618$359$66
41 years$2,625$1,632$978$570$325$57
42 years$2,534$1,554$918$526$295$49
43 years$2,447$1,480$861$486$268$42
44 years$2,364$1,411$808$448$243$36
45 years$2,286$1,346$759$414$221$31
46 years$2,211$1,284$713$382$200$27
47 years$2,139$1,225$670$353$182$23
48 years$2,071$1,170$629$327$165$20
49 years$2,006$1,117$591$302$150$17
50 years$1,943$1,067$556$279$136$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,990,000, adding $3,095 every year, while hoping to spend $59,642 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: 45/42/13 Blend
75$1,990,000$1,990,000$1,990,000$1,990,000
76$2,196,172$2,090,702$2,059,857$2,286,730
77$2,356,723$2,129,688$2,065,404$2,388,990
78$2,531,652$2,168,585$2,069,138$2,493,517
79$2,722,361$2,207,327$2,070,934$2,605,546
80$2,930,395$2,245,839$2,070,664$2,725,792
81$3,157,455$2,284,045$2,068,191$2,855,047
82$3,405,412$2,321,860$2,063,372$2,994,183
83$3,676,327$2,359,194$2,056,058$3,144,160
84$3,972,467$2,395,949$2,046,091$3,306,041
85$4,296,330$2,432,022$2,033,306$3,480,996
86$4,650,665$2,467,300$2,017,531$3,670,316
87$5,038,500$2,501,665$1,998,585$3,875,425
88$5,463,168$2,534,987$1,976,279$4,097,895
89$5,928,340$2,567,131$1,950,413$4,339,460
90$6,438,060$2,597,950$1,920,781$4,602,032
91$6,996,779$2,627,287$1,887,165$4,887,722
92$7,609,402$2,654,975$1,849,336$5,198,857
93$8,281,330$2,680,838$1,807,058$5,538,006
94$9,018,511$2,704,684$1,760,080$5,908,001
95$9,827,498$2,726,312$1,708,141$6,311,968
96$10,715,508$2,745,507$1,650,969$6,753,355
97$11,690,492$2,762,038$1,588,278$7,235,965
98$12,761,207$2,775,663$1,519,770$7,763,995
99$13,937,301$2,786,122$1,445,134$8,342,071
100$15,229,401$2,793,138$1,364,042$8,975,300