Can I retire at age 76 with 990,000?

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 $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%12%
1 years$81,753$81,025$80,315$79,621$78,944$78,283
2 years$40,472$39,718$38,988$38,279$37,592$36,926
3 years$26,713$25,956$25,228$24,526$23,850$23,199
4 years$19,835$19,081$18,359$17,670$17,010$16,379
5 years$15,710$14,959$14,248$13,572$12,931$12,322
6 years$12,960$12,215$11,514$10,854$10,232$9,646
7 years$10,997$10,259$9,568$8,923$8,321$7,759
8 years$9,525$8,793$8,115$7,486$6,903$6,365
9 years$8,381$7,656$6,989$6,376$5,813$5,298
10 years$7,466$6,749$6,093$5,496$4,953$4,461
11 years$6,718$6,008$5,364$4,783$4,260$3,790
12 years$6,095$5,392$4,761$4,196$3,692$3,244
13 years$5,569$4,873$4,253$3,704$3,219$2,793
14 years$5,118$4,430$3,822$3,288$2,822$2,417
15 years$4,727$4,046$3,451$2,932$2,485$2,100
16 years$4,386$3,713$3,128$2,626$2,196$1,831
17 years$4,085$3,419$2,847$2,359$1,947$1,601
18 years$3,818$3,159$2,599$2,126$1,731$1,404
19 years$3,579$2,928$2,379$1,921$1,543$1,234
20 years$3,365$2,721$2,183$1,740$1,378$1,086
21 years$3,171$2,534$2,008$1,579$1,233$958
22 years$2,995$2,366$1,851$1,436$1,106$846
23 years$2,834$2,213$1,709$1,308$992$748
24 years$2,687$2,073$1,581$1,193$892$663
25 years$2,552$1,946$1,464$1,089$803$587
26 years$2,428$1,829$1,358$996$723$521
27 years$2,313$1,721$1,261$912$652$462
28 years$2,206$1,622$1,172$835$588$411
29 years$2,107$1,530$1,091$766$531$365
30 years$2,015$1,445$1,016$703$480$324
31 years$1,929$1,366$947$646$434$289
32 years$1,848$1,292$884$593$392$257
33 years$1,773$1,224$825$546$355$229
34 years$1,702$1,160$771$502$322$204
35 years$1,635$1,100$721$462$291$181
36 years$1,572$1,044$674$426$264$162
37 years$1,513$992$631$392$239$144
38 years$1,457$942$591$361$217$128
39 years$1,404$896$554$333$197$114
40 years$1,353$853$519$307$178$102
41 years$1,306$812$487$284$162$91
42 years$1,260$773$456$262$147$81
43 years$1,217$737$428$242$133$72
44 years$1,176$702$402$223$121$65
45 years$1,137$669$378$206$110$58
46 years$1,100$639$355$190$100$51
47 years$1,064$609$333$176$91$46
48 years$1,030$582$313$162$82$41
49 years$998$556$294$150$75$37
50 years$967$531$277$139$68$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $990,000, adding $2,929 every year, while hoping to spend $39,708 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: 43/49/8 Blend
75$990,000$990,000$990,000$990,000
76$1,094,001$1,041,531$1,026,186$1,138,393
77$1,163,340$1,050,317$1,018,314$1,178,309
78$1,238,421$1,058,203$1,008,848$1,217,251
79$1,319,788$1,065,102$997,692$1,258,528
80$1,408,037$1,070,924$984,746$1,302,368
81$1,503,828$1,075,570$969,906$1,349,024
82$1,607,883$1,078,937$953,062$1,398,775
83$1,720,997$1,080,915$934,099$1,451,934
84$1,844,045$1,081,387$912,899$1,508,845
85$1,977,991$1,080,228$889,334$1,569,889
86$2,123,894$1,077,307$863,275$1,635,491
87$2,282,920$1,072,484$834,583$1,706,120
88$2,456,352$1,065,609$803,116$1,782,295
89$2,645,602$1,056,526$768,722$1,864,592
90$2,852,224$1,045,067$731,245$1,953,650
91$3,077,930$1,031,054$690,521$2,050,174
92$3,324,604$1,014,301$646,378$2,154,946
93$3,594,319$994,607$598,638$2,268,833
94$3,889,359$971,763$547,112$2,392,793
95$4,212,239$945,544$491,605$2,527,885
96$4,565,726$915,715$431,913$2,675,285
97$4,952,870$882,025$367,822$2,836,291
98$5,377,029$844,209$299,109$3,012,338
99$5,841,898$801,988$225,542$3,205,017
100$6,351,552$755,066$146,878$3,416,084