Can I retire at age 76 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$75,147$74,478$73,825$73,187$72,565$70,439
2 years$37,201$36,509$35,837$35,186$34,555$32,431
3 years$24,555$23,859$23,189$22,544$21,923$19,867
4 years$18,232$17,539$16,876$16,242$15,636$13,663
5 years$14,440$13,751$13,096$12,475$11,886$10,003
6 years$11,913$11,228$10,584$9,977$9,405$7,612
7 years$10,108$9,430$8,795$8,202$7,649$5,947
8 years$8,755$8,083$7,459$6,881$6,345$4,733
9 years$7,704$7,038$6,424$5,861$5,344$3,819
10 years$6,863$6,203$5,601$5,052$4,553$3,115
11 years$6,175$5,522$4,931$4,397$3,916$2,561
12 years$5,603$4,957$4,376$3,857$3,393$2,119
13 years$5,119$4,479$3,910$3,405$2,959$1,763
14 years$4,704$4,072$3,513$3,022$2,594$1,473
15 years$4,345$3,719$3,172$2,695$2,284$1,235
16 years$4,032$3,413$2,876$2,413$2,019$1,038
17 years$3,755$3,143$2,617$2,168$1,790$875
18 years$3,510$2,904$2,389$1,954$1,591$738
19 years$3,290$2,692$2,187$1,766$1,418$625
20 years$3,093$2,501$2,007$1,599$1,267$529
21 years$2,915$2,330$1,846$1,451$1,134$448
22 years$2,753$2,175$1,701$1,320$1,016$381
23 years$2,605$2,034$1,571$1,202$912$323
24 years$2,470$1,906$1,453$1,096$820$275
25 years$2,346$1,788$1,346$1,001$738$234
26 years$2,232$1,681$1,248$915$665$199
27 years$2,126$1,582$1,159$838$599$169
28 years$2,028$1,491$1,077$768$541$144
29 years$1,937$1,406$1,003$704$488$123
30 years$1,852$1,328$934$646$441$105
31 years$1,773$1,255$871$593$399$89
32 years$1,699$1,188$812$545$361$76
33 years$1,630$1,125$758$501$326$65
34 years$1,564$1,066$709$461$296$55
35 years$1,503$1,011$662$425$268$47
36 years$1,445$960$620$391$243$40
37 years$1,391$912$580$360$220$34
38 years$1,339$866$543$332$199$29
39 years$1,290$824$509$306$181$25
40 years$1,244$784$477$283$164$21
41 years$1,200$746$447$261$149$18
42 years$1,159$711$420$241$135$15
43 years$1,119$677$394$222$122$13
44 years$1,081$645$370$205$111$11
45 years$1,045$615$347$189$101$10
46 years$1,011$587$326$175$92$8
47 years$978$560$306$162$83$7
48 years$947$535$288$149$76$6
49 years$917$511$270$138$69$5
50 years$888$488$254$128$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $910,000, adding $6,951 every year, while hoping to spend $56,557 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: 79/16/5 Blend
75$910,000$910,000$910,000$910,000
76$1,009,990$961,760$947,655$1,089,023
77$1,052,833$948,710$919,225$1,128,729
78$1,098,150$933,125$887,947$1,164,120
79$1,146,134$914,821$853,667$1,201,227
80$1,196,996$893,603$816,221$1,240,192
81$1,250,965$869,266$775,440$1,281,171
82$1,308,294$841,590$731,147$1,324,340
83$1,369,256$810,344$683,157$1,369,887
84$1,434,153$775,284$631,275$1,418,026
85$1,503,315$736,151$575,301$1,468,988
86$1,577,101$692,671$515,022$1,523,032
87$1,655,908$644,554$450,218$1,580,441
88$1,740,169$591,495$380,658$1,641,529
89$1,830,358$533,170$306,102$1,706,644
90$1,926,996$469,237$226,298$1,776,168
91$2,030,654$399,334$140,984$1,850,526
92$2,141,959$323,080$49,885$1,930,183
93$2,261,599$240,071$0$2,015,658
94$2,390,329$149,881$0$2,110,045
95$2,528,977$52,060$0$2,214,455
96$2,678,455$0$0$2,326,936
97$2,839,763$0$0$2,457,759
98$3,013,999$0$0$2,608,990
99$3,202,372$0$0$2,772,513
100$3,406,209$0$0$2,949,484