Can I retire at age 76 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$96,618$95,757$94,917$94,098$93,297$91,903
2 years$47,830$46,940$46,076$45,239$44,427$43,026
3 years$31,570$30,676$29,814$28,985$28,187$26,821
4 years$23,442$22,550$21,697$20,882$20,103$18,785
5 years$18,566$17,679$16,838$16,040$15,282$14,014
6 years$15,316$14,436$13,608$12,827$12,092$10,876
7 years$12,996$12,124$11,308$10,546$9,834$8,671
8 years$11,257$10,392$9,590$8,847$8,158$7,048
9 years$9,905$9,048$8,260$7,535$6,870$5,812
10 years$8,824$7,976$7,201$6,496$5,854$4,846
11 years$7,940$7,100$6,340$5,653$5,035$4,077
12 years$7,204$6,373$5,626$4,958$4,363$3,454
13 years$6,581$5,759$5,027$4,378$3,805$2,943
14 years$6,048$5,235$4,517$3,886$3,335$2,520
15 years$5,587$4,782$4,078$3,466$2,936$2,166
16 years$5,184$4,388$3,697$3,103$2,595$1,868
17 years$4,828$4,041$3,364$2,788$2,301$1,615
18 years$4,512$3,734$3,071$2,513$2,046$1,400
19 years$4,230$3,461$2,812$2,270$1,824$1,216
20 years$3,976$3,216$2,580$2,056$1,629$1,058
21 years$3,747$2,995$2,373$1,866$1,458$922
22 years$3,539$2,796$2,187$1,697$1,307$805
23 years$3,350$2,615$2,020$1,545$1,173$703
24 years$3,176$2,450$1,868$1,409$1,054$615
25 years$3,016$2,299$1,730$1,287$949$538
26 years$2,869$2,161$1,605$1,177$855$471
27 years$2,734$2,034$1,490$1,077$770$413
28 years$2,608$1,916$1,385$987$695$362
29 years$2,491$1,808$1,289$905$628$318
30 years$2,382$1,707$1,201$831$567$279
31 years$2,280$1,614$1,119$763$513$245
32 years$2,185$1,527$1,044$701$464$215
33 years$2,095$1,446$975$645$420$189
34 years$2,011$1,371$911$593$380$166
35 years$1,933$1,300$852$546$344$146
36 years$1,858$1,234$797$503$312$128
37 years$1,788$1,172$746$463$283$113
38 years$1,722$1,114$698$427$256$99
39 years$1,659$1,059$654$394$232$87
40 years$1,600$1,008$613$363$211$77
41 years$1,543$959$575$335$191$67
42 years$1,490$914$539$309$174$59
43 years$1,439$870$506$286$157$52
44 years$1,390$830$475$264$143$46
45 years$1,344$791$446$243$130$40
46 years$1,300$755$419$225$118$36
47 years$1,258$720$394$208$107$31
48 years$1,218$688$370$192$97$28
49 years$1,179$657$348$177$88$24
50 years$1,142$627$327$164$80$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,170,000, adding $4,058 every year, while hoping to spend $41,402 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: 35/48/17 Blend
75$1,170,000$1,170,000$1,170,000$1,170,000
76$1,293,526$1,231,516$1,213,381$1,331,919
77$1,381,414$1,247,809$1,209,978$1,376,555
78$1,476,879$1,263,512$1,205,073$1,420,511
79$1,580,651$1,278,554$1,198,572$1,467,060
80$1,693,530$1,292,856$1,190,378$1,516,456
81$1,816,401$1,306,337$1,180,386$1,568,978
82$1,950,233$1,318,907$1,168,488$1,624,937
83$2,096,096$1,330,472$1,154,572$1,684,680
84$2,255,165$1,340,933$1,138,517$1,748,588
85$2,428,735$1,350,182$1,120,201$1,817,085
86$2,618,232$1,358,106$1,099,493$1,890,641
87$2,825,222$1,364,584$1,076,257$1,969,776
88$3,051,433$1,369,487$1,050,350$2,055,065
89$3,298,766$1,372,679$1,021,624$2,147,148
90$3,569,314$1,374,014$989,922$2,246,732
91$3,865,381$1,373,337$955,081$2,354,597
92$4,189,504$1,370,486$916,931$2,471,612
93$4,544,479$1,365,285$875,293$2,598,735
94$4,933,382$1,357,549$829,981$2,737,027
95$5,359,602$1,347,084$780,801$2,887,663
96$5,826,871$1,333,682$727,548$3,051,941
97$6,339,300$1,317,121$670,009$3,231,299
98$6,901,417$1,297,168$607,963$3,427,327
99$7,518,209$1,273,576$541,176$3,641,784
100$8,195,168$1,246,083$469,407$3,876,612