Can I retire at age 76 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$114,785$113,762$112,765$111,791$110,841$108,030
2 years$56,824$55,766$54,740$53,746$52,781$49,967
3 years$37,507$36,444$35,421$34,435$33,487$30,758
4 years$27,850$26,790$25,777$24,809$23,883$21,261
5 years$22,057$21,004$20,004$19,056$18,155$15,647
6 years$18,196$17,151$16,166$15,239$14,366$11,973
7 years$15,440$14,403$13,434$12,529$11,683$9,406
8 years$13,374$12,346$11,393$10,510$9,692$7,531
9 years$11,767$10,750$9,813$8,952$8,162$6,114
10 years$10,483$9,475$8,555$7,717$6,955$5,017
11 years$9,433$8,435$7,532$6,716$5,981$4,152
12 years$8,558$7,571$6,684$5,891$5,183$3,459
13 years$7,819$6,842$5,972$5,201$4,520$2,897
14 years$7,186$6,219$5,366$4,617$3,962$2,437
15 years$6,637$5,681$4,845$4,117$3,489$2,057
16 years$6,158$5,213$4,392$3,687$3,083$1,742
17 years$5,736$4,801$3,997$3,312$2,734$1,478
18 years$5,361$4,436$3,649$2,985$2,431$1,257
19 years$5,025$4,111$3,340$2,697$2,167$1,071
20 years$4,724$3,820$3,065$2,443$1,935$914
21 years$4,452$3,559$2,820$2,217$1,732$781
22 years$4,205$3,322$2,599$2,016$1,552$668
23 years$3,979$3,107$2,399$1,836$1,393$572
24 years$3,773$2,911$2,219$1,674$1,252$490
25 years$3,584$2,732$2,055$1,529$1,127$420
26 years$3,409$2,567$1,906$1,398$1,015$360
27 years$3,248$2,416$1,770$1,280$915$309
28 years$3,098$2,277$1,646$1,173$826$265
29 years$2,959$2,148$1,531$1,075$746$228
30 years$2,829$2,028$1,426$987$674$196
31 years$2,709$1,918$1,330$906$609$168
32 years$2,595$1,814$1,241$833$551$145
33 years$2,489$1,718$1,158$766$499$124
34 years$2,390$1,628$1,082$705$452$107
35 years$2,296$1,545$1,012$649$409$92
36 years$2,208$1,466$947$597$371$79
37 years$2,124$1,392$886$551$336$68
38 years$2,046$1,323$830$507$304$58
39 years$1,971$1,258$777$468$276$50
40 years$1,900$1,197$729$432$250$43
41 years$1,833$1,140$683$398$227$37
42 years$1,770$1,085$641$367$206$32
43 years$1,709$1,034$601$339$187$28
44 years$1,652$986$565$313$170$24
45 years$1,597$940$530$289$154$20
46 years$1,544$897$498$267$140$18
47 years$1,494$856$468$247$127$15
48 years$1,447$817$440$228$115$13
49 years$1,401$780$413$211$105$11
50 years$1,357$745$388$195$95$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,390,000, adding $6,281 every year, while hoping to spend $53,225 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: 62/33/5 Blend
75$1,390,000$1,390,000$1,390,000$1,390,000
76$1,538,259$1,464,589$1,443,044$1,632,041
77$1,638,530$1,479,723$1,434,755$1,710,478
78$1,747,245$1,493,814$1,424,404$1,789,244
79$1,865,210$1,506,756$1,411,867$1,873,824
80$1,993,308$1,518,434$1,397,011$1,964,774
81$2,132,515$1,528,727$1,379,701$2,062,713
82$2,283,901$1,537,504$1,359,790$2,168,320
83$2,448,645$1,544,629$1,337,130$2,282,344
84$2,628,045$1,549,953$1,311,562$2,405,613
85$2,823,527$1,553,322$1,282,920$2,539,040
86$3,036,662$1,554,570$1,251,034$2,683,632
87$3,269,179$1,553,521$1,215,720$2,840,500
88$3,522,980$1,549,989$1,176,791$3,010,870
89$3,800,159$1,543,773$1,134,049$3,196,093
90$4,103,022$1,534,665$1,087,287$3,397,662
91$4,434,108$1,522,441$1,036,289$3,617,222
92$4,796,211$1,506,865$980,828$3,856,591
93$5,192,407$1,487,684$920,669$4,117,770
94$5,626,086$1,464,634$855,564$4,402,970
95$6,100,977$1,437,432$785,256$4,714,631
96$6,621,190$1,405,779$709,476$5,055,440
97$7,191,249$1,369,360$627,941$5,428,368
98$7,816,137$1,327,839$540,357$5,836,686
99$8,501,342$1,280,862$446,418$6,284,006
100$9,252,909$1,228,054$345,803$6,774,313