Can I retire at age 76 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$60,283$59,746$59,222$58,711$58,211$57,484
2 years$29,843$29,287$28,748$28,226$27,720$26,988
3 years$19,698$19,139$18,602$18,085$17,586$16,873
4 years$14,626$14,070$13,538$13,029$12,543$11,853
5 years$11,584$11,031$10,506$10,008$9,535$8,871
6 years$9,556$9,007$8,490$8,003$7,545$6,907
7 years$8,109$7,564$7,055$6,580$6,136$5,525
8 years$7,024$6,484$5,984$5,520$5,090$4,506
9 years$6,180$5,646$5,154$4,702$4,287$3,729
10 years$5,505$4,976$4,493$4,053$3,652$3,121
11 years$4,954$4,430$3,956$3,527$3,141$2,635
12 years$4,495$3,976$3,510$3,094$2,722$2,241
13 years$4,106$3,593$3,136$2,731$2,374$1,917
14 years$3,774$3,266$2,818$2,425$2,081$1,648
15 years$3,486$2,984$2,544$2,162$1,832$1,422
16 years$3,234$2,738$2,307$1,936$1,619$1,232
17 years$3,012$2,521$2,099$1,740$1,436$1,070
18 years$2,815$2,330$1,916$1,568$1,277$931
19 years$2,639$2,159$1,754$1,417$1,138$812
20 years$2,481$2,006$1,610$1,283$1,016$710
21 years$2,338$1,869$1,481$1,164$910$622
22 years$2,208$1,745$1,365$1,059$815$545
23 years$2,090$1,632$1,260$964$732$478
24 years$1,982$1,529$1,165$879$658$420
25 years$1,882$1,435$1,079$803$592$369
26 years$1,790$1,348$1,001$734$533$325
27 years$1,706$1,269$930$672$481$286
28 years$1,627$1,196$864$616$434$252
29 years$1,554$1,128$804$565$392$222
30 years$1,486$1,065$749$518$354$196
31 years$1,422$1,007$698$476$320$173
32 years$1,363$953$652$437$289$153
33 years$1,307$902$608$402$262$135
34 years$1,255$855$568$370$237$119
35 years$1,206$811$531$341$215$105
36 years$1,159$770$497$314$195$93
37 years$1,116$731$465$289$176$82
38 years$1,074$695$436$266$160$73
39 years$1,035$661$408$246$145$64
40 years$998$629$383$227$132$57
41 years$963$598$359$209$119$50
42 years$929$570$337$193$108$44
43 years$898$543$316$178$98$39
44 years$867$518$296$164$89$35
45 years$839$494$278$152$81$31
46 years$811$471$261$140$74$27
47 years$785$449$246$130$67$24
48 years$760$429$231$120$61$21
49 years$736$410$217$111$55$19
50 years$713$391$204$102$50$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $730,000, adding $2,633 every year, while hoping to spend $42,788 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: 88/5/7 Blend
75$730,000$730,000$730,000$730,000
76$807,176$768,486$757,171$877,595
77$843,982$760,616$737,010$915,978
78$883,108$750,926$714,740$951,937
79$924,745$739,282$690,244$990,072
80$969,104$725,541$663,402$1,030,571
81$1,016,414$709,553$634,087$1,073,640
82$1,066,925$691,159$602,166$1,119,503
83$1,120,914$670,188$567,501$1,168,410
84$1,178,683$646,463$529,948$1,220,634
85$1,240,562$619,793$489,355$1,276,475
86$1,306,915$589,979$445,564$1,336,263
87$1,378,140$556,808$398,410$1,400,363
88$1,454,675$520,056$347,721$1,469,173
89$1,536,999$479,485$293,317$1,543,135
90$1,625,639$434,847$235,010$1,622,732
91$1,721,175$385,875$172,603$1,708,498
92$1,824,241$332,289$105,892$1,801,020
93$1,935,537$273,794$34,662$1,900,945
94$2,055,829$210,078$0$2,008,984
95$2,185,961$140,809$0$2,129,010
96$2,326,861$65,640$0$2,261,762
97$2,479,547$0$0$2,405,617
98$2,645,141$0$0$2,562,511
99$2,824,874$0$0$2,736,727
100$3,020,104$0$0$2,925,966