Can I retire at age 76 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$76,799$76,114$75,447$74,796$74,160$73,324
2 years$38,019$37,311$36,625$35,959$35,314$34,473
3 years$25,094$24,383$23,699$23,040$22,405$21,584
4 years$18,633$17,924$17,247$16,599$15,979$15,185
5 years$14,757$14,053$13,384$12,749$12,147$11,383
6 years$12,175$11,475$10,816$10,196$9,612$8,877
7 years$10,330$9,637$8,988$8,383$7,817$7,113
8 years$8,948$8,261$7,623$7,032$6,485$5,811
9 years$7,873$7,192$6,566$5,990$5,461$4,817
10 years$7,014$6,340$5,724$5,163$4,653$4,039
11 years$6,311$5,644$5,039$4,493$4,002$3,417
12 years$5,726$5,066$4,472$3,941$3,468$2,911
13 years$5,231$4,578$3,996$3,480$3,024$2,495
14 years$4,808$4,161$3,590$3,089$2,651$2,149
15 years$4,441$3,801$3,241$2,755$2,334$1,859
16 years$4,120$3,488$2,939$2,467$2,063$1,613
17 years$3,838$3,212$2,674$2,216$1,829$1,404
18 years$3,587$2,968$2,441$1,997$1,626$1,225
19 years$3,362$2,751$2,235$1,805$1,450$1,071
20 years$3,161$2,556$2,051$1,634$1,295$938
21 years$2,979$2,381$1,887$1,483$1,159$823
22 years$2,813$2,222$1,739$1,349$1,039$723
23 years$2,662$2,079$1,605$1,228$932$636
24 years$2,524$1,948$1,485$1,120$838$560
25 years$2,398$1,828$1,375$1,023$754$494
26 years$2,281$1,718$1,275$935$679$435
27 years$2,173$1,617$1,184$856$612$384
28 years$2,073$1,523$1,101$785$553$339
29 years$1,980$1,437$1,025$719$499$300
30 years$1,893$1,357$954$660$451$265
31 years$1,812$1,283$890$606$408$235
32 years$1,736$1,214$830$557$369$208
33 years$1,665$1,150$775$512$334$184
34 years$1,599$1,090$724$472$302$163
35 years$1,536$1,033$677$434$274$144
36 years$1,477$981$633$400$248$128
37 years$1,421$932$593$368$225$113
38 years$1,369$885$555$339$204$100
39 years$1,319$842$520$313$185$89
40 years$1,271$801$488$289$168$79
41 years$1,227$762$457$266$152$70
42 years$1,184$726$429$246$138$62
43 years$1,144$692$402$227$125$55
44 years$1,105$659$378$210$114$49
45 years$1,068$629$355$194$103$43
46 years$1,033$600$333$179$94$38
47 years$1,000$573$313$165$85$34
48 years$968$547$294$153$77$30
49 years$937$522$276$141$70$27
50 years$908$499$260$130$64$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $930,000, adding $4,010 every year, while hoping to spend $39,240 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: 74/13/13 Blend
75$930,000$930,000$930,000$930,000
76$1,028,996$979,706$965,291$1,102,064
77$1,092,203$985,961$955,878$1,157,151
78$1,160,541$991,207$944,833$1,212,225
79$1,234,494$995,353$932,062$1,271,498
80$1,314,590$998,303$917,464$1,335,377
81$1,401,413$999,955$900,934$1,404,307
82$1,495,602$1,000,198$882,361$1,478,783
83$1,597,864$998,918$861,630$1,559,348
84$1,708,972$995,990$838,620$1,646,600
85$1,829,778$991,285$813,205$1,741,200
86$1,961,222$984,665$785,254$1,843,877
87$2,104,334$975,981$754,628$1,955,433
88$2,260,250$965,078$721,182$2,076,753
89$2,430,220$951,791$684,766$2,208,815
90$2,615,619$935,945$645,222$2,352,695
91$2,817,960$917,354$602,384$2,509,579
92$3,038,910$895,822$556,082$2,680,777
93$3,280,302$871,141$506,134$2,867,731
94$3,544,156$843,090$452,353$3,072,034
95$3,832,695$811,437$394,542$3,295,440
96$4,148,367$775,934$332,496$3,539,885
97$4,493,866$736,321$266,001$3,807,501
98$4,872,161$692,321$194,832$4,100,642
99$5,286,519$643,643$118,757$4,421,901
100$5,740,540$589,978$37,531$4,774,139