Can I retire at age 76 with 1,800,000?

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 $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$148,642$147,318$146,027$144,766$143,535$142,870
2 years$73,585$72,215$70,887$69,599$68,350$67,679
3 years$48,570$47,193$45,868$44,593$43,364$42,707
4 years$36,064$34,692$33,380$32,127$30,928$30,290
5 years$28,563$27,199$25,905$24,676$23,511$22,895
6 years$23,564$22,210$20,935$19,734$18,603$18,010
7 years$19,994$18,652$17,397$16,224$15,129$14,559
8 years$17,318$15,988$14,754$13,610$12,551$12,003
9 years$15,238$13,921$12,708$11,593$10,570$10,044
10 years$13,575$12,270$11,079$9,993$9,006$8,503
11 years$12,215$10,924$9,754$8,697$7,746$7,264
12 years$11,083$9,804$8,656$7,628$6,712$6,252
13 years$10,125$8,860$7,734$6,735$5,853$5,414
14 years$9,305$8,054$6,949$5,978$5,131$4,713
15 years$8,595$7,357$6,274$5,332$4,518$4,119
16 years$7,975$6,750$5,688$4,774$3,993$3,614
17 years$7,428$6,217$5,176$4,289$3,540$3,181
18 years$6,942$5,744$4,725$3,866$3,148$2,807
19 years$6,508$5,324$4,325$3,493$2,806$2,482
20 years$6,118$4,947$3,970$3,163$2,506$2,200
21 years$5,765$4,608$3,651$2,871$2,243$1,953
22 years$5,445$4,302$3,365$2,610$2,010$1,737
23 years$5,153$4,023$3,107$2,377$1,804$1,546
24 years$4,886$3,769$2,874$2,168$1,622$1,378
25 years$4,641$3,537$2,662$1,980$1,459$1,230
26 years$4,415$3,325$2,468$1,811$1,315$1,098
27 years$4,206$3,129$2,292$1,657$1,185$982
28 years$4,012$2,948$2,131$1,518$1,069$878
29 years$3,832$2,781$1,983$1,392$966$786
30 years$3,664$2,627$1,847$1,278$873$704
31 years$3,507$2,483$1,722$1,174$789$631
32 years$3,361$2,350$1,607$1,079$714$566
33 years$3,224$2,225$1,500$992$646$507
34 years$3,095$2,109$1,402$913$585$455
35 years$2,973$2,000$1,310$840$530$409
36 years$2,859$1,898$1,226$774$480$367
37 years$2,751$1,803$1,147$713$435$329
38 years$2,649$1,714$1,074$657$394$296
39 years$2,552$1,629$1,007$606$358$266
40 years$2,461$1,550$944$559$324$239
41 years$2,374$1,476$885$516$294$215
42 years$2,292$1,405$830$476$267$193
43 years$2,213$1,339$779$439$242$173
44 years$2,139$1,276$731$406$220$156
45 years$2,068$1,217$686$375$200$140
46 years$2,000$1,161$645$346$181$126
47 years$1,935$1,108$606$320$165$113
48 years$1,873$1,058$569$295$149$102
49 years$1,814$1,010$535$273$136$92
50 years$1,757$965$503$252$123$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,800,000, adding $3,624 every year, while hoping to spend $34,014 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: 82/10/8 Blend
75$1,800,000$1,800,000$1,800,000$1,800,000
76$1,987,338$1,891,938$1,864,038$2,148,080
77$2,153,856$1,948,452$1,890,293$2,310,294
78$2,336,219$2,006,596$1,916,287$2,483,436
79$2,536,006$2,066,413$1,941,976$2,672,479
80$2,754,960$2,127,947$1,967,313$2,878,994
81$2,994,995$2,191,246$1,992,247$3,104,715
82$3,258,223$2,256,356$2,016,726$3,351,550
83$3,546,969$2,323,325$2,040,694$3,621,601
84$3,863,795$2,392,202$2,064,091$3,917,182
85$4,211,519$2,463,038$2,086,857$4,240,842
86$4,593,251$2,535,884$2,108,923$4,595,390
87$5,012,413$2,610,792$2,130,222$4,983,917
88$5,472,774$2,687,816$2,150,680$5,409,831
89$5,978,489$2,767,011$2,170,219$5,876,885
90$6,534,133$2,848,432$2,188,759$6,389,212
91$7,144,746$2,932,137$2,206,215$6,951,366
92$7,815,882$3,018,184$2,222,495$7,568,364
93$8,553,659$3,106,631$2,237,505$8,245,733
94$9,364,816$3,197,540$2,251,145$8,989,562
95$10,256,780$3,290,972$2,263,311$9,806,559
96$11,237,732$3,386,990$2,273,892$10,704,116
97$12,316,685$3,485,658$2,282,773$11,690,374
98$13,503,573$3,587,041$2,289,832$12,774,305
99$14,809,336$3,691,205$2,294,940$13,965,793
100$16,246,032$3,798,218$2,297,964$15,275,730