Can I retire at age 76 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$58,631$58,109$57,599$57,102$56,616$55,747
2 years$29,025$28,485$27,961$27,453$26,960$26,087
3 years$19,158$18,615$18,093$17,589$17,105$16,254
4 years$14,225$13,684$13,167$12,672$12,199$11,378
5 years$11,266$10,728$10,218$9,733$9,274$8,484
6 years$9,295$8,761$8,258$7,784$7,338$6,581
7 years$7,887$7,357$6,862$6,400$5,968$5,244
8 years$6,831$6,306$5,820$5,368$4,951$4,259
9 years$6,011$5,491$5,012$4,573$4,169$3,510
10 years$5,355$4,840$4,370$3,942$3,552$2,925
11 years$4,818$4,309$3,847$3,430$3,055$2,459
12 years$4,372$3,867$3,414$3,009$2,648$2,082
13 years$3,994$3,495$3,050$2,656$2,309$1,773
14 years$3,670$3,177$2,741$2,358$2,024$1,517
15 years$3,390$2,902$2,475$2,103$1,782$1,303
16 years$3,146$2,663$2,244$1,883$1,575$1,123
17 years$2,930$2,452$2,042$1,692$1,396$970
18 years$2,738$2,266$1,864$1,525$1,242$841
19 years$2,567$2,100$1,706$1,378$1,107$730
20 years$2,413$1,951$1,566$1,248$989$634
21 years$2,274$1,818$1,440$1,132$885$552
22 years$2,148$1,697$1,327$1,030$793$482
23 years$2,033$1,587$1,226$938$712$420
24 years$1,927$1,487$1,133$855$640$367
25 years$1,830$1,395$1,050$781$576$321
26 years$1,741$1,311$974$714$519$281
27 years$1,659$1,234$904$654$468$246
28 years$1,582$1,163$841$599$422$216
29 years$1,511$1,097$782$549$381$189
30 years$1,445$1,036$729$504$344$166
31 years$1,383$979$679$463$311$145
32 years$1,326$927$634$425$281$128
33 years$1,272$878$592$391$255$112
34 years$1,221$832$553$360$231$98
35 years$1,173$789$517$331$209$86
36 years$1,128$749$484$305$189$76
37 years$1,085$711$453$281$172$67
38 years$1,045$676$424$259$156$59
39 years$1,007$643$397$239$141$51
40 years$971$612$372$220$128$45
41 years$936$582$349$203$116$40
42 years$904$554$327$188$105$35
43 years$873$528$307$173$96$31
44 years$844$503$288$160$87$27
45 years$816$480$271$148$79$24
46 years$789$458$254$136$72$21
47 years$763$437$239$126$65$18
48 years$739$417$225$117$59$16
49 years$716$398$211$108$54$14
50 years$693$381$198$100$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $710,000, adding $6,753 every year, while hoping to spend $54,848 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: 61/13/26 Blend
75$710,000$710,000$710,000$710,000
76$789,386$751,756$740,751$831,666
77$811,545$730,234$707,208$839,664
78$834,127$705,819$670,703$841,847
79$857,115$678,312$631,080$843,049
80$880,493$647,501$588,173$843,183
81$904,237$613,163$541,811$842,160
82$928,323$575,061$491,815$839,882
83$952,718$532,946$437,997$836,242
84$977,388$486,552$380,162$831,129
85$1,002,290$435,602$318,106$824,422
86$1,027,376$379,799$251,615$815,991
87$1,052,591$318,831$180,466$805,696
88$1,077,870$252,369$104,427$793,387
89$1,103,143$180,066$23,256$778,904
90$1,128,326$101,552$0$762,073
91$1,153,327$16,439$0$760,288
92$1,178,041$0$0$763,795
93$1,202,348$0$0$776,823
94$1,226,114$0$0$791,810
95$1,249,191$0$0$806,302
96$1,271,409$0$0$820,184
97$1,292,579$0$0$833,329
98$1,312,490$0$0$845,593
99$1,330,906$0$0$856,817
100$1,347,564$0$0$866,823