Can I retire at age 76 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$61,934$61,383$60,844$60,319$59,806$59,355
2 years$30,661$30,090$29,536$29,000$28,479$28,024
3 years$20,237$19,664$19,112$18,580$18,068$17,623
4 years$15,027$14,455$13,909$13,386$12,886$12,455
5 years$11,901$11,333$10,794$10,282$9,796$9,380
6 years$9,818$9,254$8,723$8,222$7,751$7,351
7 years$8,331$7,772$7,249$6,760$6,304$5,919
8 years$7,216$6,662$6,147$5,671$5,230$4,861
9 years$6,349$5,800$5,295$4,830$4,404$4,051
10 years$5,656$5,113$4,616$4,164$3,753$3,415
11 years$5,090$4,551$4,064$3,624$3,227$2,905
12 years$4,618$4,085$3,607$3,179$2,797$2,490
13 years$4,219$3,692$3,222$2,806$2,439$2,146
14 years$3,877$3,356$2,895$2,491$2,138$1,860
15 years$3,581$3,066$2,614$2,222$1,882$1,618
16 years$3,323$2,813$2,370$1,989$1,664$1,413
17 years$3,095$2,590$2,157$1,787$1,475$1,237
18 years$2,892$2,394$1,969$1,611$1,312$1,086
19 years$2,712$2,218$1,802$1,455$1,169$956
20 years$2,549$2,061$1,654$1,318$1,044$843
21 years$2,402$1,920$1,521$1,196$934$745
22 years$2,269$1,792$1,402$1,088$838$659
23 years$2,147$1,676$1,295$991$752$583
24 years$2,036$1,571$1,197$903$676$517
25 years$1,934$1,474$1,109$825$608$459
26 years$1,839$1,385$1,029$754$548$408
27 years$1,752$1,304$955$691$494$363
28 years$1,672$1,228$888$633$446$322
29 years$1,597$1,159$826$580$402$287
30 years$1,527$1,094$770$532$364$256
31 years$1,461$1,035$717$489$329$228
32 years$1,400$979$669$449$297$203
33 years$1,343$927$625$413$269$181
34 years$1,289$879$584$380$244$162
35 years$1,239$833$546$350$221$144
36 years$1,191$791$511$322$200$129
37 years$1,146$751$478$297$181$115
38 years$1,104$714$448$274$164$103
39 years$1,063$679$419$252$149$92
40 years$1,025$646$393$233$135$82
41 years$989$615$369$215$123$73
42 years$955$586$346$198$111$65
43 years$922$558$324$183$101$58
44 years$891$532$305$169$92$52
45 years$861$507$286$156$83$47
46 years$833$484$269$144$76$42
47 years$806$462$252$133$69$37
48 years$780$441$237$123$62$33
49 years$756$421$223$114$57$30
50 years$732$402$210$105$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $750,000, adding $6,534 every year, while hoping to spend $56,880 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: 65/5/30 Blend
75$750,000$750,000$750,000$750,000
76$833,240$793,490$781,865$880,354
77$857,710$771,851$747,537$891,404
78$882,771$747,245$710,154$896,624
79$908,421$719,468$669,551$901,106
80$934,658$688,301$625,560$904,786
81$961,480$653,514$578,003$907,594
82$988,880$614,865$526,695$909,455
83$1,016,848$572,095$471,441$910,289
84$1,045,372$524,934$412,041$910,011
85$1,074,438$473,093$348,281$908,530
86$1,104,025$416,269$279,943$905,747
87$1,134,109$354,141$206,795$901,557
88$1,164,663$286,368$128,597$895,848
89$1,195,652$212,593$45,099$888,498
90$1,227,035$132,437$0$879,378
91$1,258,767$45,501$0$882,437
92$1,290,792$0$0$899,758
93$1,323,049$0$0$919,499
94$1,355,464$0$0$941,830
95$1,387,956$0$0$964,187
96$1,420,430$0$0$986,503
97$1,452,780$0$0$1,008,701
98$1,484,885$0$0$1,030,692
99$1,516,609$0$0$1,052,378
100$1,547,796$0$0$1,073,648