Can I retire at age 76 with 850,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$70,192$69,567$68,957$68,362$67,780$66,330
2 years$34,749$34,101$33,474$32,866$32,276$30,823
3 years$22,936$22,286$21,660$21,058$20,477$19,065
4 years$17,030$16,382$15,763$15,171$14,605$13,245
5 years$13,488$12,844$12,233$11,653$11,102$9,799
6 years$11,127$10,488$9,886$9,319$8,785$7,539
7 years$9,442$8,808$8,215$7,661$7,144$5,957
8 years$8,178$7,550$6,967$6,427$5,927$4,797
9 years$7,196$6,574$6,001$5,474$4,991$3,918
10 years$6,410$5,794$5,232$4,719$4,253$3,235
11 years$5,768$5,158$4,606$4,107$3,658$2,694
12 years$5,234$4,630$4,088$3,602$3,170$2,259
13 years$4,781$4,184$3,652$3,180$2,764$1,905
14 years$4,394$3,803$3,281$2,823$2,423$1,613
15 years$4,059$3,474$2,963$2,518$2,133$1,371
16 years$3,766$3,188$2,686$2,254$1,885$1,169
17 years$3,507$2,936$2,444$2,026$1,672$1,000
18 years$3,278$2,713$2,231$1,825$1,486$857
19 years$3,073$2,514$2,043$1,649$1,325$735
20 years$2,889$2,336$1,875$1,494$1,183$632
21 years$2,722$2,176$1,724$1,356$1,059$544
22 years$2,571$2,031$1,589$1,233$949$469
23 years$2,433$1,900$1,467$1,123$852$405
24 years$2,307$1,780$1,357$1,024$766$350
25 years$2,191$1,670$1,257$935$689$302
26 years$2,085$1,570$1,166$855$621$261
27 years$1,986$1,478$1,082$783$560$226
28 years$1,894$1,392$1,006$717$505$196
29 years$1,809$1,313$936$658$456$169
30 years$1,730$1,240$872$603$412$147
31 years$1,656$1,173$813$554$373$127
32 years$1,587$1,109$759$509$337$110
33 years$1,522$1,051$708$468$305$95
34 years$1,461$996$662$431$276$83
35 years$1,404$945$619$397$250$72
36 years$1,350$897$579$365$227$62
37 years$1,299$851$542$337$205$54
38 years$1,251$809$507$310$186$47
39 years$1,205$769$475$286$169$41
40 years$1,162$732$446$264$153$35
41 years$1,121$697$418$243$139$31
42 years$1,082$664$392$225$126$27
43 years$1,045$632$368$207$114$23
44 years$1,010$603$345$192$104$20
45 years$976$575$324$177$94$17
46 years$944$548$304$163$86$15
47 years$914$523$286$151$78$13
48 years$885$500$269$139$71$11
49 years$857$477$253$129$64$10
50 years$830$456$238$119$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $850,000, adding $3,353 every year, while hoping to spend $42,207 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: 82/11/7 Blend
75$850,000$850,000$850,000$850,000
76$940,159$895,109$881,934$1,016,339
77$991,147$894,061$866,570$1,065,601
78$1,045,921$891,547$849,278$1,113,686
79$1,104,824$887,452$829,947$1,165,174
80$1,168,229$881,650$808,464$1,220,384
81$1,236,549$874,011$784,708$1,279,662
82$1,310,236$864,397$758,555$1,343,394
83$1,389,787$852,660$729,874$1,412,001
84$1,475,749$838,644$698,528$1,485,951
85$1,568,721$822,183$664,374$1,565,754
86$1,669,364$803,103$627,264$1,651,978
87$1,778,402$781,218$587,040$1,745,245
88$1,896,633$756,331$543,540$1,846,240
89$2,024,933$728,236$496,592$1,955,721
90$2,164,268$696,711$446,020$2,074,521
91$2,315,698$661,524$391,636$2,203,558
92$2,480,390$622,430$333,247$2,343,845
93$2,659,628$579,167$270,649$2,496,497
94$2,854,825$531,462$203,631$2,662,744
95$3,067,536$479,021$131,970$2,843,941
96$3,299,470$421,539$55,437$3,041,583
97$3,552,512$358,691$0$3,257,316
98$3,828,734$290,132$0$3,494,915
99$4,130,417$215,501$0$3,758,968
100$4,460,074$134,414$0$4,047,555