Can I retire at age 76 with 1,630,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$134,604$133,405$132,235$131,093$129,978$129,322
2 years$66,636$65,395$64,192$63,026$61,895$61,232
3 years$43,982$42,736$41,536$40,381$39,268$38,620
4 years$32,658$31,416$30,228$29,092$28,007$27,378
5 years$25,865$24,630$23,458$22,346$21,290$20,683
6 years$21,338$20,112$18,958$17,870$16,846$16,261
7 years$18,106$16,890$15,754$14,692$13,700$13,138
8 years$15,683$14,478$13,361$12,325$11,366$10,825
9 years$13,799$12,606$11,507$10,498$9,572$9,054
10 years$12,293$11,111$10,032$9,049$8,156$7,659
11 years$11,061$9,892$8,832$7,876$7,014$6,540
12 years$10,036$8,878$7,839$6,908$6,078$5,625
13 years$9,169$8,023$7,003$6,099$5,300$4,868
14 years$8,426$7,293$6,292$5,414$4,646$4,235
15 years$7,784$6,662$5,681$4,828$4,091$3,699
16 years$7,222$6,113$5,151$4,323$3,616$3,243
17 years$6,726$5,629$4,687$3,884$3,206$2,852
18 years$6,286$5,202$4,279$3,500$2,850$2,515
19 years$5,893$4,821$3,917$3,163$2,541$2,223
20 years$5,540$4,480$3,595$2,865$2,269$1,969
21 years$5,221$4,173$3,306$2,600$2,031$1,746
22 years$4,931$3,895$3,047$2,364$1,820$1,552
23 years$4,666$3,643$2,814$2,153$1,634$1,380
24 years$4,425$3,413$2,602$1,964$1,469$1,230
25 years$4,202$3,203$2,410$1,793$1,322$1,096
26 years$3,998$3,011$2,235$1,640$1,190$978
27 years$3,808$2,833$2,076$1,501$1,073$874
28 years$3,633$2,670$1,930$1,375$968$781
29 years$3,470$2,519$1,796$1,261$875$699
30 years$3,318$2,379$1,673$1,157$790$625
31 years$3,176$2,249$1,559$1,063$714$560
32 years$3,043$2,128$1,455$977$646$502
33 years$2,919$2,015$1,358$898$585$449
34 years$2,802$1,910$1,269$826$529$403
35 years$2,692$1,811$1,187$761$480$361
36 years$2,589$1,719$1,110$701$435$324
37 years$2,491$1,633$1,039$646$394$291
38 years$2,399$1,552$973$595$357$261
39 years$2,311$1,476$912$549$324$234
40 years$2,228$1,404$854$506$294$210
41 years$2,150$1,336$801$467$266$189
42 years$2,075$1,273$752$431$242$170
43 years$2,004$1,213$705$398$219$152
44 years$1,937$1,156$662$367$199$137
45 years$1,872$1,102$622$339$181$123
46 years$1,811$1,052$584$313$164$111
47 years$1,752$1,003$548$289$149$99
48 years$1,696$958$515$267$135$89
49 years$1,643$915$484$247$123$80
50 years$1,591$874$455$228$112$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,630,000, adding $3,945 every year, while hoping to spend $38,105 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: 56/27/17 Blend