Can I retire at age 76 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$81,753$81,025$80,315$79,621$78,944$77,604
2 years$40,472$39,718$38,988$38,279$37,592$36,247
3 years$26,713$25,956$25,228$24,526$23,850$22,540
4 years$19,835$19,081$18,359$17,670$17,010$15,747
5 years$15,710$14,959$14,248$13,572$12,931$11,717
6 years$12,960$12,215$11,514$10,854$10,232$9,069
7 years$10,997$10,259$9,568$8,923$8,321$7,210
8 years$9,525$8,793$8,115$7,486$6,903$5,843
9 years$8,381$7,656$6,989$6,376$5,813$4,804
10 years$7,466$6,749$6,093$5,496$4,953$3,994
11 years$6,718$6,008$5,364$4,783$4,260$3,349
12 years$6,095$5,392$4,761$4,196$3,692$2,828
13 years$5,569$4,873$4,253$3,704$3,219$2,402
14 years$5,118$4,430$3,822$3,288$2,822$2,050
15 years$4,727$4,046$3,451$2,932$2,485$1,756
16 years$4,386$3,713$3,128$2,626$2,196$1,509
17 years$4,085$3,419$2,847$2,359$1,947$1,300
18 years$3,818$3,159$2,599$2,126$1,731$1,123
19 years$3,579$2,928$2,379$1,921$1,543$972
20 years$3,365$2,721$2,183$1,740$1,378$843
21 years$3,171$2,534$2,008$1,579$1,233$731
22 years$2,995$2,366$1,851$1,436$1,106$636
23 years$2,834$2,213$1,709$1,308$992$553
24 years$2,687$2,073$1,581$1,193$892$482
25 years$2,552$1,946$1,464$1,089$803$420
26 years$2,428$1,829$1,358$996$723$366
27 years$2,313$1,721$1,261$912$652$320
28 years$2,206$1,622$1,172$835$588$279
29 years$2,107$1,530$1,091$766$531$244
30 years$2,015$1,445$1,016$703$480$213
31 years$1,929$1,366$947$646$434$186
32 years$1,848$1,292$884$593$392$163
33 years$1,773$1,224$825$546$355$143
34 years$1,702$1,160$771$502$322$125
35 years$1,635$1,100$721$462$291$109
36 years$1,572$1,044$674$426$264$96
37 years$1,513$992$631$392$239$84
38 years$1,457$942$591$361$217$73
39 years$1,404$896$554$333$197$64
40 years$1,353$853$519$307$178$56
41 years$1,306$812$487$284$162$49
42 years$1,260$773$456$262$147$43
43 years$1,217$737$428$242$133$38
44 years$1,176$702$402$223$121$33
45 years$1,137$669$378$206$110$29
46 years$1,100$639$355$190$100$25
47 years$1,064$609$333$176$91$22
48 years$1,030$582$313$162$82$20
49 years$998$556$294$150$75$17
50 years$967$531$277$139$68$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $990,000, adding $4,873 every year, while hoping to spend $53,864 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: 58/26/16 Blend
75$990,000$990,000$990,000$990,000
76$1,096,006$1,043,536$1,028,191$1,154,771
77$1,150,488$1,037,359$1,005,325$1,188,944
78$1,208,722$1,029,073$979,887$1,219,838
79$1,271,033$1,018,520$951,735$1,252,275
80$1,337,779$1,005,528$920,719$1,286,413
81$1,409,352$989,918$886,683$1,322,427
82$1,486,182$971,500$849,462$1,360,513
83$1,568,741$950,071$808,887$1,400,890
84$1,657,545$925,418$764,778$1,443,800
85$1,753,165$897,314$716,948$1,489,516
86$1,856,224$865,518$665,202$1,538,337
87$1,967,409$829,779$609,337$1,590,601
88$2,087,473$789,826$549,138$1,646,680
89$2,217,244$745,376$484,383$1,706,990
90$2,357,633$696,130$414,839$1,771,991
91$2,509,639$641,768$340,264$1,842,198
92$2,674,363$581,956$260,404$1,918,180
93$2,853,015$516,338$174,994$2,000,569
94$3,046,924$444,539$83,757$2,090,067
95$3,257,552$366,164$0$2,187,455
96$3,486,510$280,794$0$2,295,920
97$3,735,568$187,986$0$2,429,508
98$4,006,672$87,274$0$2,575,023
99$4,301,966$0$0$2,733,700
100$4,623,809$0$0$2,913,151