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%19.8%
1 years$52,851$52,380$51,921$51,472$51,034$49,029
2 years$26,164$25,676$25,204$24,746$24,302$22,306
3 years$17,269$16,780$16,309$15,855$15,418$13,495
4 years$12,823$12,335$11,869$11,423$10,996$9,160
5 years$10,156$9,671$9,211$8,774$8,359$6,614
6 years$8,378$7,897$7,443$7,016$6,614$4,962
7 years$7,109$6,632$6,186$5,769$5,379$3,820
8 years$6,158$5,685$5,246$4,839$4,463$2,994
9 years$5,418$4,950$4,518$4,122$3,758$2,378
10 years$4,827$4,363$3,939$3,553$3,202$1,907
11 years$4,343$3,884$3,468$3,092$2,754$1,542
12 years$3,941$3,486$3,078$2,712$2,387$1,254
13 years$3,600$3,150$2,750$2,395$2,081$1,025
14 years$3,309$2,864$2,471$2,126$1,824$841
15 years$3,056$2,616$2,231$1,896$1,606$692
16 years$2,835$2,400$2,022$1,697$1,420$571
17 years$2,641$2,210$1,840$1,525$1,259$472
18 years$2,468$2,042$1,680$1,374$1,119$391
19 years$2,314$1,893$1,538$1,242$998$324
20 years$2,175$1,759$1,411$1,125$891$269
21 years$2,050$1,638$1,298$1,021$797$224
22 years$1,936$1,529$1,197$928$715$186
23 years$1,832$1,430$1,105$845$642$155
24 years$1,737$1,340$1,022$771$577$129
25 years$1,650$1,258$946$704$519$107
26 years$1,570$1,182$878$644$467$89
27 years$1,495$1,112$815$589$421$74
28 years$1,426$1,048$758$540$380$62
29 years$1,362$989$705$495$343$52
30 years$1,303$934$657$454$310$43
31 years$1,247$883$612$417$280$36
32 years$1,195$835$571$384$254$30
33 years$1,146$791$533$353$230$25
34 years$1,100$750$498$324$208$21
35 years$1,057$711$466$299$188$17
36 years$1,016$675$436$275$171$15
37 years$978$641$408$253$155$12
38 years$942$609$382$234$140$10
39 years$908$579$358$215$127$8
40 years$875$551$335$199$115$7
41 years$844$525$315$183$105$6
42 years$815$500$295$169$95$5
43 years$787$476$277$156$86$4
44 years$760$454$260$144$78$3
45 years$735$433$244$133$71$3
46 years$711$413$229$123$64$2
47 years$688$394$215$114$59$2
48 years$666$376$202$105$53$2
49 years$645$359$190$97$48$1
50 years$625$343$179$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $640,000, adding $6,185 every year, while hoping to spend $30,874 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: 57/28/15 Blend
75$640,000$640,000$640,000$640,000
76$711,660$677,740$667,820$749,126
77$751,399$678,099$657,342$775,585
78$794,158$677,442$645,479$800,491
79$840,210$675,685$632,150$826,918
80$889,859$672,740$617,275$855,018
81$943,436$668,516$600,765$884,959
82$1,001,306$662,914$582,530$916,928
83$1,063,871$655,828$562,477$951,130
84$1,131,571$647,149$540,505$987,796
85$1,204,891$636,759$516,512$1,027,179
86$1,284,364$624,534$490,389$1,069,560
87$1,370,575$610,341$462,022$1,115,251
88$1,464,168$594,043$431,295$1,164,599
89$1,565,852$575,490$398,082$1,217,984
90$1,676,407$554,527$362,256$1,275,832
91$1,796,689$530,988$323,680$1,338,612
92$1,927,644$504,698$282,215$1,406,842
93$2,070,307$475,472$237,714$1,481,098
94$2,225,823$443,115$190,022$1,562,017
95$2,395,448$407,419$138,979$1,650,303
96$2,580,567$368,165$84,417$1,746,735
97$2,782,702$325,123$26,163$1,852,174
98$3,003,532$278,048$0$1,967,575
99$3,244,901$226,681$0$2,099,754
100$3,508,842$170,750$0$2,248,958