Can I retire at age 76 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$165,158$163,687$162,252$160,851$159,483$157,425
2 years$81,761$80,239$78,763$77,332$75,944$73,874
3 years$53,966$52,437$50,965$49,547$48,182$46,163
4 years$40,071$38,547$37,089$35,696$34,364$32,413
5 years$31,737$30,221$28,783$27,418$26,123$24,245
6 years$26,182$24,678$23,261$21,926$20,670$18,867
7 years$22,216$20,724$19,330$18,027$16,810$15,084
8 years$19,243$17,765$16,393$15,122$13,946$12,295
9 years$16,931$15,467$14,120$12,881$11,744$10,169
10 years$15,083$13,634$12,310$11,103$10,007$8,505
11 years$13,572$12,137$10,837$9,663$8,606$7,177
12 years$12,314$10,894$9,618$8,476$7,458$6,100
13 years$11,250$9,845$8,593$7,483$6,503$5,215
14 years$10,339$8,949$7,721$6,643$5,701$4,480
15 years$9,550$8,175$6,971$5,924$5,020$3,864
16 years$8,861$7,500$6,320$5,304$4,436$3,343
17 years$8,253$6,907$5,751$4,766$3,934$2,902
18 years$7,713$6,383$5,250$4,295$3,497$2,524
19 years$7,231$5,915$4,806$3,881$3,117$2,201
20 years$6,797$5,497$4,411$3,515$2,785$1,922
21 years$6,406$5,120$4,057$3,190$2,492$1,681
22 years$6,050$4,779$3,739$2,900$2,234$1,473
23 years$5,726$4,470$3,452$2,642$2,005$1,291
24 years$5,429$4,188$3,193$2,409$1,802$1,134
25 years$5,156$3,930$2,957$2,200$1,622$996
26 years$4,905$3,694$2,743$2,012$1,461$876
27 years$4,673$3,476$2,547$1,841$1,317$771
28 years$4,458$3,276$2,368$1,687$1,188$678
29 years$4,258$3,090$2,203$1,547$1,073$597
30 years$4,071$2,919$2,052$1,420$970$527
31 years$3,897$2,759$1,913$1,304$877$464
32 years$3,734$2,611$1,785$1,198$793$409
33 years$3,582$2,472$1,667$1,102$718$361
34 years$3,438$2,343$1,557$1,014$650$319
35 years$3,304$2,222$1,456$933$588$281
36 years$3,176$2,109$1,362$860$533$248
37 years$3,057$2,003$1,275$792$483$219
38 years$2,943$1,904$1,194$730$438$194
39 years$2,836$1,811$1,119$673$397$171
40 years$2,734$1,723$1,048$621$360$151
41 years$2,638$1,640$983$573$327$133
42 years$2,546$1,562$922$529$297$118
43 years$2,459$1,488$865$488$269$104
44 years$2,376$1,418$812$451$244$92
45 years$2,297$1,352$763$416$222$81
46 years$2,222$1,290$716$384$201$72
47 years$2,150$1,231$673$355$183$64
48 years$2,081$1,175$632$328$166$56
49 years$2,016$1,122$594$303$151$50
50 years$1,953$1,072$559$280$137$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $2,000,000, adding $6,364 every year, while hoping to spend $25,449 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: 34/47/19 Blend
75$2,000,000$2,000,000$2,000,000$2,000,000
76$2,210,564$2,104,564$2,073,564$2,272,623
77$2,408,965$2,180,611$2,115,951$2,394,931
78$2,626,748$2,259,530$2,158,905$2,523,929
79$2,865,866$2,341,437$2,202,418$2,662,505
80$3,128,467$2,426,449$2,246,481$2,811,521
81$3,416,917$2,514,691$2,291,085$2,971,922
82$3,733,823$2,606,292$2,336,216$3,144,746
83$4,082,057$2,701,384$2,381,864$3,331,133
84$4,464,784$2,800,109$2,428,014$3,532,336
85$4,885,489$2,902,612$2,474,649$3,749,728
86$5,348,013$3,009,044$2,521,754$3,984,821
87$5,856,587$3,119,564$2,569,310$4,239,273
88$6,415,873$3,234,336$2,617,295$4,514,910
89$7,031,006$3,353,532$2,665,688$4,813,734
90$7,707,644$3,477,332$2,714,465$5,137,952
91$8,452,024$3,605,921$2,763,600$5,489,984
92$9,271,013$3,739,494$2,813,063$5,872,496
93$10,172,182$3,878,254$2,862,826$6,288,417
94$11,163,868$4,022,413$2,912,854$6,740,970
95$12,255,262$4,172,190$2,963,114$7,233,700
96$13,456,487$4,327,815$3,013,566$7,770,506
97$14,778,699$4,489,529$3,064,172$8,355,677
98$16,234,191$4,657,580$3,114,886$8,993,936
99$17,836,507$4,832,230$3,165,663$9,690,475
100$19,600,572$5,013,751$3,216,454$10,451,012