Can I retire at age 76 with 300,000?

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 $300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$24,774$24,553$24,338$24,128$23,922$23,802
2 years$12,264$12,036$11,814$11,600$11,392$11,270
3 years$8,095$7,866$7,645$7,432$7,227$7,108
4 years$6,011$5,782$5,563$5,354$5,155$5,039
5 years$4,760$4,533$4,317$4,113$3,918$3,807
6 years$3,927$3,702$3,489$3,289$3,101$2,993
7 years$3,332$3,109$2,899$2,704$2,522$2,418
8 years$2,886$2,665$2,459$2,268$2,092$1,992
9 years$2,540$2,320$2,118$1,932$1,762$1,666
10 years$2,262$2,045$1,846$1,666$1,501$1,410
11 years$2,036$1,821$1,626$1,449$1,291$1,204
12 years$1,847$1,634$1,443$1,271$1,119$1,035
13 years$1,688$1,477$1,289$1,122$976$896
14 years$1,551$1,342$1,158$996$855$779
15 years$1,433$1,226$1,046$889$753$681
16 years$1,329$1,125$948$796$665$597
17 years$1,238$1,036$863$715$590$525
18 years$1,157$957$787$644$525$463
19 years$1,085$887$721$582$468$409
20 years$1,020$825$662$527$418$362
21 years$961$768$609$479$374$321
22 years$907$717$561$435$335$286
23 years$859$671$518$396$301$254
24 years$814$628$479$361$270$226
25 years$773$590$444$330$243$202
26 years$736$554$411$302$219$180
27 years$701$521$382$276$198$161
28 years$669$491$355$253$178$144
29 years$639$464$330$232$161$129
30 years$611$438$308$213$145$115
31 years$585$414$287$196$131$103
32 years$560$392$268$180$119$92
33 years$537$371$250$165$108$83
34 years$516$351$234$152$97$74
35 years$496$333$218$140$88$67
36 years$476$316$204$129$80$60
37 years$458$301$191$119$72$54
38 years$441$286$179$110$66$48
39 years$425$272$168$101$60$43
40 years$410$258$157$93$54$39
41 years$396$246$147$86$49$35
42 years$382$234$138$79$44$31
43 years$369$223$130$73$40$28
44 years$356$213$122$68$37$25
45 years$345$203$114$62$33$23
46 years$333$194$107$58$30$20
47 years$323$185$101$53$27$18
48 years$312$176$95$49$25$16
49 years$302$168$89$45$23$15
50 years$293$161$84$42$21$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $300,000, adding $5,305 every year, while hoping to spend $20,251 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: 41/35/24 Blend
75$300,000$300,000$300,000$300,000
76$336,072$320,172$315,522$347,291
77$348,805$314,314$304,545$349,980
78$362,157$307,489$292,522$350,571
79$376,171$299,631$279,396$350,809
80$390,893$290,665$265,107$350,673
81$406,371$280,514$249,596$350,142
82$422,660$269,098$232,796$349,194
83$439,817$256,330$214,641$347,809
84$457,907$242,119$195,060$345,962
85$476,999$226,369$173,980$343,633
86$497,169$208,976$151,324$340,799
87$518,498$189,834$127,011$337,438
88$541,078$168,829$100,959$333,528
89$565,006$145,840$73,079$329,047
90$590,390$120,739$43,281$323,975
91$617,347$93,393$11,468$318,292
92$646,006$63,659$0$311,980
93$676,508$31,387$0$310,777
94$709,006$0$0$312,420
95$743,669$0$0$315,362
96$780,681$0$0$331,435
97$820,245$0$0$348,640
98$862,583$0$0$367,077
99$907,937$0$0$386,855
100$956,574$0$0$408,095