Can I retire at age 76 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$99,095$98,212$97,351$96,510$95,690$94,299
2 years$49,057$48,143$47,258$46,399$45,567$44,168
3 years$32,380$31,462$30,579$29,728$28,909$27,547
4 years$24,043$23,128$22,254$21,418$20,618$19,302
5 years$19,042$18,133$17,270$16,451$15,674$14,408
6 years$15,709$14,807$13,956$13,156$12,402$11,188
7 years$13,329$12,435$11,598$10,816$10,086$8,924
8 years$11,546$10,659$9,836$9,073$8,367$7,258
9 years$10,159$9,280$8,472$7,729$7,047$5,988
10 years$9,050$8,180$7,386$6,662$6,004$4,997
11 years$8,143$7,282$6,502$5,798$5,164$4,206
12 years$7,388$6,536$5,771$5,086$4,475$3,566
13 years$6,750$5,907$5,156$4,490$3,902$3,040
14 years$6,204$5,369$4,632$3,986$3,421$2,605
15 years$5,730$4,905$4,182$3,554$3,012$2,240
16 years$5,316$4,500$3,792$3,183$2,662$1,933
17 years$4,952$4,144$3,451$2,860$2,360$1,673
18 years$4,628$3,830$3,150$2,577$2,098$1,451
19 years$4,339$3,549$2,884$2,329$1,870$1,262
20 years$4,078$3,298$2,646$2,109$1,671$1,099
21 years$3,843$3,072$2,434$1,914$1,495$958
22 years$3,630$2,868$2,244$1,740$1,340$837
23 years$3,435$2,682$2,071$1,585$1,203$731
24 years$3,257$2,513$1,916$1,446$1,081$640
25 years$3,094$2,358$1,774$1,320$973$561
26 years$2,943$2,216$1,646$1,207$876$491
27 years$2,804$2,086$1,528$1,105$790$431
28 years$2,675$1,966$1,421$1,012$713$378
29 years$2,555$1,854$1,322$928$644$332
30 years$2,443$1,751$1,231$852$582$292
31 years$2,338$1,655$1,148$782$526$256
32 years$2,241$1,566$1,071$719$476$225
33 years$2,149$1,483$1,000$661$431$198
34 years$2,063$1,406$934$608$390$174
35 years$1,982$1,333$874$560$353$153
36 years$1,906$1,266$817$516$320$135
37 years$1,834$1,202$765$475$290$119
38 years$1,766$1,142$716$438$263$104
39 years$1,702$1,086$671$404$238$92
40 years$1,641$1,034$629$373$216$81
41 years$1,583$984$590$344$196$71
42 years$1,528$937$553$317$178$63
43 years$1,476$893$519$293$162$55
44 years$1,426$851$487$270$147$49
45 years$1,378$811$458$250$133$43
46 years$1,333$774$430$231$121$38
47 years$1,290$739$404$213$110$33
48 years$1,249$705$379$197$100$29
49 years$1,209$673$357$182$91$26
50 years$1,172$643$335$168$82$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,200,000, adding $5,031 every year, while hoping to spend $31,519 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: 79/10/11 Blend
75$1,200,000$1,200,000$1,200,000$1,200,000
76$1,327,589$1,263,989$1,245,389$1,429,485
77$1,429,468$1,292,389$1,253,574$1,525,540
78$1,540,681$1,321,124$1,260,976$1,626,310
79$1,662,148$1,350,177$1,267,537$1,735,948
80$1,794,882$1,379,529$1,273,194$1,855,325
81$1,939,994$1,409,161$1,277,880$1,985,402
82$2,098,712$1,439,049$1,281,528$2,127,235
83$2,272,386$1,469,167$1,284,064$2,281,990
84$2,462,502$1,499,489$1,285,413$2,450,949
85$2,670,697$1,529,984$1,285,495$2,635,525
86$2,898,775$1,560,620$1,284,225$2,837,274
87$3,148,720$1,591,360$1,281,516$3,057,913
88$3,422,718$1,622,166$1,277,276$3,299,328
89$3,723,179$1,652,995$1,271,408$3,563,603
90$4,052,754$1,683,803$1,263,811$3,853,029
91$4,414,365$1,714,539$1,254,379$4,170,133
92$4,811,229$1,745,150$1,243,000$4,517,698
93$5,246,891$1,775,579$1,229,557$4,898,790
94$5,725,256$1,805,764$1,213,929$5,316,790
95$6,250,624$1,835,639$1,195,987$5,775,418
96$6,827,733$1,865,131$1,175,599$6,278,779
97$7,461,804$1,894,164$1,152,623$6,831,391
98$8,158,585$1,922,655$1,126,913$7,438,236
99$8,924,411$1,950,516$1,098,316$8,104,801
100$9,766,262$1,977,653$1,066,670$8,837,135