Can I retire at age 76 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$151,945$150,592$149,272$147,983$146,724$141,575
2 years$75,221$73,820$72,462$71,146$69,869$64,735
3 years$49,649$48,242$46,888$45,584$44,328$39,370
4 years$36,866$35,463$34,122$32,840$31,615$26,872
5 years$29,198$27,803$26,480$25,225$24,033$19,518
6 years$24,087$22,704$21,400$20,172$19,017$14,732
7 years$20,438$19,066$17,783$16,585$15,466$11,411
8 years$17,703$16,343$15,082$13,913$12,830$9,002
9 years$15,577$14,230$12,990$11,850$10,805$7,198
10 years$13,877$12,543$11,325$10,215$9,206$5,815
11 years$12,487$11,166$9,970$8,890$7,918$4,735
12 years$11,329$10,022$8,848$7,798$6,861$3,880
13 years$10,350$9,057$7,905$6,884$5,983$3,195
14 years$9,512$8,233$7,103$6,111$5,245$2,641
15 years$8,786$7,521$6,413$5,450$4,618$2,191
16 years$8,152$6,900$5,814$4,880$4,081$1,822
17 years$7,593$6,355$5,291$4,385$3,619$1,518
18 years$7,096$5,872$4,830$3,951$3,218$1,268
19 years$6,652$5,442$4,422$3,570$2,868$1,060
20 years$6,254$5,057$4,058$3,234$2,562$887
21 years$5,893$4,711$3,732$2,935$2,292$744
22 years$5,566$4,397$3,440$2,668$2,055$624
23 years$5,268$4,113$3,176$2,430$1,845$524
24 years$4,995$3,853$2,938$2,216$1,658$440
25 years$4,744$3,616$2,721$2,024$1,492$369
26 years$4,513$3,398$2,523$1,851$1,344$311
27 years$4,299$3,198$2,343$1,694$1,212$261
28 years$4,101$3,014$2,178$1,552$1,093$220
29 years$3,917$2,843$2,027$1,423$987$185
30 years$3,745$2,685$1,888$1,306$892$156
31 years$3,585$2,538$1,760$1,200$806$131
32 years$3,436$2,402$1,642$1,103$729$110
33 years$3,295$2,274$1,533$1,014$660$93
34 years$3,163$2,156$1,433$933$598$78
35 years$3,039$2,045$1,340$859$541$66
36 years$2,922$1,941$1,253$791$491$55
37 years$2,812$1,843$1,173$729$445$47
38 years$2,708$1,752$1,098$672$403$39
39 years$2,609$1,666$1,029$619$365$33
40 years$2,516$1,585$965$571$332$28
41 years$2,427$1,509$904$527$301$23
42 years$2,343$1,437$848$486$273$20
43 years$2,262$1,369$796$449$248$17
44 years$2,186$1,305$747$415$225$14
45 years$2,114$1,244$702$383$204$12
46 years$2,044$1,187$659$354$185$10
47 years$1,978$1,133$619$327$168$8
48 years$1,915$1,081$582$302$153$7
49 years$1,854$1,033$547$279$139$6
50 years$1,796$986$514$258$126$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,840,000, adding $2,828 every year, while hoping to spend $39,271 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: 27/47/26 Blend
75$1,840,000$1,840,000$1,840,000$1,840,000
76$2,030,597$1,933,077$1,904,557$2,068,849
77$2,195,934$1,986,014$1,926,576$2,152,710
78$2,376,819$2,040,228$1,948,016$2,239,099
79$2,574,797$2,095,742$1,968,816$2,331,045
80$2,791,568$2,152,575$1,988,913$2,429,046
81$3,029,005$2,210,748$2,008,239$2,533,653
82$3,289,170$2,270,282$2,026,722$2,645,470
83$3,574,336$2,331,196$2,044,288$2,765,161
84$3,887,003$2,393,509$2,060,856$2,893,461
85$4,229,926$2,457,240$2,076,344$3,031,174
86$4,606,141$2,522,408$2,090,664$3,179,191
87$5,018,990$2,589,028$2,103,724$3,338,488
88$5,472,155$2,657,118$2,115,427$3,510,144
89$5,969,691$2,726,694$2,125,670$3,695,346
90$6,516,067$2,797,768$2,134,347$3,895,401
91$7,116,203$2,870,356$2,141,344$4,111,751
92$7,775,520$2,944,469$2,146,544$4,345,982
93$8,499,993$3,020,117$2,149,823$4,599,844
94$9,296,200$3,097,310$2,151,050$4,875,263
95$10,171,390$3,176,056$2,150,087$5,174,365
96$11,133,549$3,256,360$2,146,792$5,499,489
97$12,191,475$3,338,226$2,141,015$5,853,215
98$13,354,863$3,421,657$2,132,596$6,238,386
99$14,634,392$3,506,650$2,121,371$6,658,135
100$16,041,828$3,593,205$2,107,165$7,115,915