Can I retire at age 76 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$55,328$54,835$54,354$53,885$53,427$53,046
2 years$27,390$26,880$26,386$25,906$25,441$25,057
3 years$18,079$17,566$17,073$16,598$16,141$15,765
4 years$13,424$12,913$12,425$11,958$11,512$11,148
5 years$10,632$10,124$9,642$9,185$8,751$8,400
6 years$8,771$8,267$7,792$7,345$6,924$6,586
7 years$7,442$6,943$6,476$6,039$5,631$5,307
8 years$6,446$5,951$5,492$5,066$4,672$4,360
9 years$5,672$5,182$4,730$4,315$3,934$3,636
10 years$5,053$4,567$4,124$3,720$3,352$3,067
11 years$4,547$4,066$3,630$3,237$2,883$2,611
12 years$4,125$3,649$3,222$2,839$2,498$2,238
13 years$3,769$3,298$2,879$2,507$2,179$1,931
14 years$3,464$2,998$2,586$2,225$1,910$1,674
15 years$3,199$2,739$2,335$1,985$1,682$1,458
16 years$2,968$2,513$2,117$1,777$1,486$1,274
17 years$2,765$2,314$1,927$1,597$1,318$1,116
18 years$2,584$2,138$1,759$1,439$1,172$981
19 years$2,422$1,982$1,610$1,300$1,044$864
20 years$2,277$1,841$1,478$1,178$933$762
21 years$2,146$1,715$1,359$1,069$835$674
22 years$2,027$1,601$1,253$972$748$596
23 years$1,918$1,497$1,157$885$672$529
24 years$1,819$1,403$1,070$807$604$469
25 years$1,727$1,317$991$737$543$417
26 years$1,643$1,237$919$674$489$370
27 years$1,565$1,165$853$617$441$330
28 years$1,493$1,097$793$565$398$293
29 years$1,426$1,035$738$518$359$261
30 years$1,364$978$688$476$325$233
31 years$1,306$924$641$437$294$208
32 years$1,251$875$598$401$266$185
33 years$1,200$828$558$369$240$165
34 years$1,152$785$522$340$218$148
35 years$1,107$745$488$313$197$132
36 years$1,064$707$456$288$179$118
37 years$1,024$671$427$265$162$105
38 years$986$638$400$245$147$94
39 years$950$607$375$226$133$84
40 years$916$577$351$208$121$75
41 years$884$549$329$192$110$67
42 years$853$523$309$177$99$60
43 years$824$498$290$163$90$54
44 years$796$475$272$151$82$48
45 years$770$453$255$139$74$43
46 years$744$432$240$129$67$38
47 years$720$412$225$119$61$34
48 years$697$394$212$110$56$31
49 years$675$376$199$102$51$28
50 years$654$359$187$94$46$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $670,000, adding $4,260 every year, while hoping to spend $42,845 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: 64/12/24 Blend
75$670,000$670,000$670,000$670,000
76$742,734$707,224$696,839$785,357
77$772,906$696,291$674,597$803,702
78$804,720$683,387$650,173$818,571
79$838,298$668,369$623,450$833,851
80$873,772$651,087$594,303$849,586
81$911,289$631,383$562,605$865,828
82$951,007$609,087$528,219$882,634
83$993,099$584,022$491,004$900,067
84$1,037,756$555,999$450,812$918,203
85$1,085,182$524,819$407,490$937,123
86$1,135,607$490,270$360,877$956,921
87$1,189,276$452,131$310,803$977,701
88$1,246,461$410,164$257,094$999,583
89$1,307,459$364,121$199,566$1,022,699
90$1,372,595$313,739$138,027$1,047,197
91$1,442,227$258,739$72,278$1,073,245
92$1,516,744$198,827$2,109$1,101,030
93$1,596,575$133,693$0$1,130,760
94$1,682,191$63,009$0$1,181,307
95$1,774,106$0$0$1,236,082
96$1,872,887$0$0$1,296,690
97$1,979,155$0$0$1,370,876
98$2,093,593$0$0$1,450,800
99$2,216,948$0$0$1,536,988
100$2,350,045$0$0$1,630,022