Can I retire at age 76 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$71,844$71,204$70,579$69,970$69,375$68,996
2 years$35,566$34,904$34,262$33,639$33,036$32,653
3 years$23,475$22,810$22,170$21,553$20,959$20,585
4 years$17,431$16,768$16,134$15,528$14,948$14,585
5 years$13,805$13,146$12,521$11,927$11,363$11,013
6 years$11,389$10,735$10,118$9,538$8,992$8,654
7 years$9,664$9,015$8,408$7,842$7,313$6,988
8 years$8,371$7,728$7,131$6,578$6,066$5,755
9 years$7,365$6,728$6,142$5,603$5,109$4,810
10 years$6,561$5,931$5,355$4,830$4,353$4,067
11 years$5,904$5,280$4,714$4,204$3,744$3,470
12 years$5,357$4,739$4,184$3,687$3,244$2,983
13 years$4,894$4,282$3,738$3,255$2,829$2,580
14 years$4,498$3,893$3,359$2,890$2,480$2,243
15 years$4,154$3,556$3,032$2,577$2,183$1,958
16 years$3,854$3,263$2,749$2,307$1,930$1,715
17 years$3,590$3,005$2,502$2,073$1,711$1,507
18 years$3,355$2,776$2,284$1,868$1,521$1,328
19 years$3,145$2,573$2,091$1,688$1,356$1,173
20 years$2,957$2,391$1,919$1,529$1,211$1,038
21 years$2,786$2,227$1,765$1,388$1,084$920
22 years$2,632$2,079$1,627$1,262$972$817
23 years$2,491$1,945$1,502$1,149$872$726
24 years$2,362$1,822$1,389$1,048$784$647
25 years$2,243$1,710$1,286$957$705$576
26 years$2,134$1,607$1,193$875$635$514
27 years$2,033$1,512$1,108$801$573$459
28 years$1,939$1,425$1,030$734$517$410
29 years$1,852$1,344$958$673$467$366
30 years$1,771$1,270$893$618$422$327
31 years$1,695$1,200$832$567$381$293
32 years$1,624$1,136$777$521$345$262
33 years$1,558$1,075$725$479$312$235
34 years$1,496$1,019$677$441$283$210
35 years$1,437$967$633$406$256$188
36 years$1,382$918$593$374$232$169
37 years$1,330$872$555$345$210$151
38 years$1,280$828$519$318$191$136
39 years$1,234$788$487$293$173$122
40 years$1,189$749$456$270$157$109
41 years$1,147$713$428$249$142$98
42 years$1,108$679$401$230$129$88
43 years$1,070$647$376$212$117$79
44 years$1,034$617$353$196$106$71
45 years$999$588$332$181$97$64
46 years$967$561$312$167$88$57
47 years$935$536$293$154$80$51
48 years$905$511$275$143$72$46
49 years$877$488$259$132$66$41
50 years$849$466$243$122$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $870,000, adding $5,691 every year, while hoping to spend $53,802 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: 46/37/17 Blend
75$870,000$870,000$870,000$870,000
76$964,610$918,500$905,015$1,004,069
77$1,005,756$906,262$878,088$1,019,911
78$1,049,295$891,621$848,456$1,031,220
79$1,095,414$874,402$815,971$1,042,340
80$1,144,320$854,421$780,480$1,053,276
81$1,196,235$831,482$741,820$1,064,037
82$1,251,404$805,377$699,824$1,074,637
83$1,310,094$775,888$654,315$1,085,096
84$1,372,599$742,781$605,110$1,095,440
85$1,439,238$705,812$552,015$1,105,702
86$1,510,364$664,721$494,832$1,115,925
87$1,586,361$619,232$433,348$1,126,160
88$1,667,651$569,055$367,347$1,136,470
89$1,754,696$513,884$296,597$1,146,931
90$1,848,004$453,392$220,862$1,157,630
91$1,948,130$387,238$139,890$1,168,675
92$2,055,685$315,059$53,423$1,180,187
93$2,171,340$236,472$0$1,192,310
94$2,295,829$151,072$0$1,212,259
95$2,429,962$58,432$0$1,243,976
96$2,574,624$0$0$1,278,036
97$2,730,792$0$0$1,331,808
98$2,899,536$0$0$1,415,694
99$3,082,033$0$0$1,506,500
100$3,279,577$0$0$1,604,880