Can I retire at age 76 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$129,649$128,494$127,368$126,268$125,194$121,625
2 years$64,183$62,987$61,829$60,706$59,616$56,048
3 years$42,363$41,163$40,007$38,895$37,823$34,368
4 years$31,456$30,259$29,115$28,021$26,976$23,660
5 years$24,913$23,724$22,595$21,523$20,506$17,339
6 years$20,553$19,372$18,260$17,212$16,226$13,210
7 years$17,439$16,269$15,174$14,151$13,196$10,332
8 years$15,105$13,945$12,869$11,871$10,947$8,233
9 years$13,291$12,142$11,084$10,111$9,219$6,652
10 years$11,840$10,702$9,663$8,716$7,855$5,431
11 years$10,654$9,528$8,507$7,586$6,756$4,472
12 years$9,667$8,552$7,550$6,654$5,854$3,705
13 years$8,831$7,728$6,745$5,874$5,105$3,087
14 years$8,116$7,025$6,061$5,214$4,475$2,582
15 years$7,497$6,417$5,472$4,650$3,940$2,168
16 years$6,956$5,888$4,961$4,164$3,482$1,825
17 years$6,479$5,422$4,515$3,741$3,088$1,540
18 years$6,055$5,010$4,121$3,372$2,746$1,302
19 years$5,676$4,644$3,773$3,047$2,447$1,103
20 years$5,336$4,315$3,462$2,759$2,186$935
21 years$5,028$4,019$3,185$2,504$1,956$794
22 years$4,749$3,752$2,935$2,277$1,753$675
23 years$4,495$3,509$2,710$2,074$1,574$574
24 years$4,262$3,288$2,506$1,891$1,415$489
25 years$4,048$3,085$2,321$1,727$1,273$416
26 years$3,850$2,900$2,153$1,579$1,147$355
27 years$3,668$2,729$1,999$1,446$1,034$303
28 years$3,499$2,572$1,859$1,324$933$258
29 years$3,342$2,426$1,730$1,215$842$220
30 years$3,196$2,291$1,611$1,115$761$188
31 years$3,059$2,166$1,502$1,024$688$160
32 years$2,931$2,049$1,401$941$622$137
33 years$2,812$1,941$1,308$865$563$117
34 years$2,699$1,839$1,223$796$510$100
35 years$2,593$1,745$1,143$733$462$85
36 years$2,494$1,656$1,069$675$419$73
37 years$2,399$1,573$1,001$622$379$62
38 years$2,310$1,495$937$573$344$53
39 years$2,226$1,421$878$528$312$45
40 years$2,146$1,352$823$487$283$39
41 years$2,071$1,287$772$450$257$33
42 years$1,999$1,226$724$415$233$28
43 years$1,930$1,168$679$383$211$24
44 years$1,865$1,113$638$354$192$21
45 years$1,803$1,062$599$327$174$18
46 years$1,744$1,013$562$302$158$15
47 years$1,688$967$528$279$144$13
48 years$1,634$923$496$258$130$11
49 years$1,582$881$467$238$118$9
50 years$1,533$842$439$220$108$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,570,000, adding $2,335 every year, while hoping to spend $36,730 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: 62/10/28 Blend
75$1,570,000$1,570,000$1,570,000$1,570,000
76$1,732,549$1,649,339$1,625,004$1,826,819
77$1,870,188$1,691,076$1,640,361$1,932,898
78$2,020,636$1,733,627$1,655,001$2,044,486
79$2,185,159$1,776,993$1,668,863$2,165,554
80$2,365,155$1,821,175$1,681,878$2,297,036
81$2,562,158$1,866,170$1,693,979$2,439,964
82$2,777,862$1,911,977$1,705,092$2,595,470
83$3,014,131$1,958,591$1,715,139$2,764,807
84$3,273,016$2,006,005$1,724,040$2,949,352
85$3,556,778$2,054,214$1,731,710$3,150,625
86$3,867,906$2,103,207$1,738,059$3,370,299
87$4,209,142$2,152,973$1,742,993$3,610,220
88$4,583,505$2,203,500$1,746,414$3,872,420
89$4,994,322$2,254,770$1,748,218$4,159,141
90$5,445,256$2,306,767$1,748,296$4,472,852
91$5,940,342$2,359,469$1,746,534$4,816,277
92$6,484,028$2,412,854$1,742,814$5,192,415
93$7,081,208$2,466,893$1,737,008$5,604,573
94$7,737,280$2,521,559$1,728,986$6,056,397
95$8,458,185$2,576,818$1,718,609$6,551,904
96$9,250,471$2,632,633$1,705,734$7,095,521
97$10,121,350$2,688,964$1,690,208$7,692,129
98$11,078,771$2,745,766$1,671,872$8,347,107
99$12,131,487$2,802,990$1,650,562$9,066,384
100$13,289,145$2,860,583$1,626,102$9,856,495