Can I retire at age 76 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$52,851$52,380$51,921$51,472$51,034$50,127
2 years$26,164$25,676$25,204$24,746$24,302$23,391
3 years$17,269$16,780$16,309$15,855$15,418$14,532
4 years$12,823$12,335$11,869$11,423$10,996$10,142
5 years$10,156$9,671$9,211$8,774$8,359$7,538
6 years$8,378$7,897$7,443$7,016$6,614$5,828
7 years$7,109$6,632$6,186$5,769$5,379$4,628
8 years$6,158$5,685$5,246$4,839$4,463$3,747
9 years$5,418$4,950$4,518$4,122$3,758$3,077
10 years$4,827$4,363$3,939$3,553$3,202$2,555
11 years$4,343$3,884$3,468$3,092$2,754$2,140
12 years$3,941$3,486$3,078$2,712$2,387$1,805
13 years$3,600$3,150$2,750$2,395$2,081$1,531
14 years$3,309$2,864$2,471$2,126$1,824$1,304
15 years$3,056$2,616$2,231$1,896$1,606$1,116
16 years$2,835$2,400$2,022$1,697$1,420$957
17 years$2,641$2,210$1,840$1,525$1,259$824
18 years$2,468$2,042$1,680$1,374$1,119$711
19 years$2,314$1,893$1,538$1,242$998$614
20 years$2,175$1,759$1,411$1,125$891$532
21 years$2,050$1,638$1,298$1,021$797$461
22 years$1,936$1,529$1,197$928$715$400
23 years$1,832$1,430$1,105$845$642$347
24 years$1,737$1,340$1,022$771$577$302
25 years$1,650$1,258$946$704$519$263
26 years$1,570$1,182$878$644$467$229
27 years$1,495$1,112$815$589$421$200
28 years$1,426$1,048$758$540$380$174
29 years$1,362$989$705$495$343$152
30 years$1,303$934$657$454$310$132
31 years$1,247$883$612$417$280$116
32 years$1,195$835$571$384$254$101
33 years$1,146$791$533$353$230$88
34 years$1,100$750$498$324$208$77
35 years$1,057$711$466$299$188$67
36 years$1,016$675$436$275$171$59
37 years$978$641$408$253$155$51
38 years$942$609$382$234$140$45
39 years$908$579$358$215$127$39
40 years$875$551$335$199$115$34
41 years$844$525$315$183$105$30
42 years$815$500$295$169$95$26
43 years$787$476$277$156$86$23
44 years$760$454$260$144$78$20
45 years$735$433$244$133$71$18
46 years$711$413$229$123$64$15
47 years$688$394$215$114$59$13
48 years$666$376$202$105$53$12
49 years$645$359$190$97$48$10
50 years$625$343$179$90$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $640,000, adding $5,763 every year, while hoping to spend $44,337 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: 51/38/11 Blend
75$640,000$640,000$640,000$640,000
76$711,225$677,305$667,385$745,139
77$736,595$663,318$642,568$754,950
78$763,068$647,161$615,433$760,413
79$790,708$628,678$585,858$765,331
80$819,586$607,710$553,710$769,665
81$849,778$584,082$518,854$773,375
82$881,369$557,615$481,148$776,417
83$914,446$528,116$440,444$778,750
84$949,107$495,381$396,587$780,328
85$985,457$459,196$349,414$781,108
86$1,023,611$419,334$298,756$781,044
87$1,063,691$375,553$244,437$780,089
88$1,105,834$327,602$186,272$778,197
89$1,150,185$275,210$124,068$775,323
90$1,196,904$218,095$57,624$771,419
91$1,246,164$155,958$0$766,441
92$1,298,155$88,482$0$761,903
93$1,353,083$15,334$0$763,522
94$1,411,172$0$0$764,513
95$1,472,669$0$0$791,561
96$1,537,842$0$0$827,053
97$1,606,984$0$0$864,738
98$1,680,415$0$0$904,798
99$1,758,486$0$0$947,427
100$1,841,580$0$0$992,840