Can I retire at age 76 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$154,423$153,047$151,705$150,395$149,116$147,744
2 years$76,447$75,023$73,643$72,306$71,008$69,625
3 years$50,458$49,028$47,652$46,327$45,050$43,700
4 years$37,467$36,041$34,679$33,376$32,130$30,823
5 years$29,674$28,257$26,912$25,636$24,425$23,164
6 years$24,480$23,074$21,749$20,501$19,327$18,114
7 years$20,772$19,377$18,073$16,855$15,718$14,554
8 years$17,992$16,610$15,328$14,139$13,039$11,925
9 years$15,831$14,462$13,202$12,044$10,981$9,915
10 years$14,103$12,747$11,510$10,382$9,356$8,338
11 years$12,690$11,348$10,133$9,035$8,047$7,075
12 years$11,514$10,186$8,993$7,925$6,973$6,048
13 years$10,519$9,205$8,034$6,997$6,081$5,201
14 years$9,667$8,367$7,219$6,211$5,330$4,494
15 years$8,930$7,643$6,518$5,539$4,693$3,900
16 years$8,285$7,013$5,909$4,960$4,148$3,396
17 years$7,716$6,458$5,377$4,456$3,678$2,966
18 years$7,212$5,968$4,909$4,016$3,270$2,597
19 years$6,761$5,531$4,494$3,629$2,915$2,279
20 years$6,356$5,140$4,124$3,286$2,604$2,003
21 years$5,989$4,787$3,793$2,983$2,330$1,764
22 years$5,657$4,469$3,496$2,712$2,088$1,556
23 years$5,354$4,180$3,228$2,470$1,875$1,374
24 years$5,076$3,916$2,985$2,253$1,685$1,214
25 years$4,821$3,675$2,765$2,057$1,516$1,074
26 years$4,586$3,454$2,564$1,881$1,366$951
27 years$4,369$3,251$2,381$1,722$1,231$843
28 years$4,168$3,063$2,214$1,577$1,111$748
29 years$3,981$2,890$2,060$1,447$1,003$663
30 years$3,807$2,729$1,919$1,328$907$589
31 years$3,644$2,580$1,789$1,219$820$523
32 years$3,492$2,441$1,669$1,121$741$465
33 years$3,349$2,312$1,558$1,030$671$413
34 years$3,215$2,191$1,456$948$607$367
35 years$3,089$2,078$1,361$873$550$327
36 years$2,970$1,972$1,274$804$499$290
37 years$2,858$1,873$1,192$741$452$258
38 years$2,752$1,780$1,116$683$410$230
39 years$2,652$1,693$1,046$629$371$205
40 years$2,557$1,611$980$581$337$182
41 years$2,466$1,533$919$536$306$162
42 years$2,381$1,460$862$494$277$144
43 years$2,299$1,391$809$456$252$129
44 years$2,222$1,326$759$421$228$115
45 years$2,148$1,265$713$389$207$102
46 years$2,078$1,206$670$359$188$91
47 years$2,010$1,151$629$332$171$81
48 years$1,946$1,099$591$307$155$72
49 years$1,885$1,049$556$284$141$64
50 years$1,826$1,002$523$262$128$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,870,000, adding $4,671 every year, while hoping to spend $30,774 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: 61/27/12 Blend
75$1,870,000$1,870,000$1,870,000$1,870,000
76$2,065,558$1,966,448$1,937,463$2,185,368
77$2,243,502$2,030,061$1,969,625$2,329,976
78$2,438,564$2,095,759$2,001,833$2,483,785
79$2,652,459$2,163,613$2,034,055$2,650,868
80$2,887,074$2,233,694$2,066,260$2,832,511
81$3,144,488$2,306,077$2,098,412$3,030,128
82$3,426,990$2,380,839$2,130,473$3,245,276
83$3,737,102$2,458,060$2,162,404$3,479,667
84$4,077,604$2,537,822$2,194,162$3,735,188
85$4,451,556$2,620,212$2,225,702$4,013,914
86$4,862,329$2,705,316$2,256,978$4,318,132
87$5,313,637$2,793,227$2,287,937$4,650,357
88$5,809,573$2,884,040$2,318,527$5,013,361
89$6,354,642$2,977,851$2,348,691$5,410,195
90$6,953,813$3,074,763$2,378,369$5,844,217
91$7,612,555$3,174,880$2,407,498$6,319,128
92$8,336,897$3,278,310$2,436,011$6,839,002
93$9,133,480$3,385,166$2,463,836$7,408,327
94$10,009,619$3,495,564$2,490,899$8,032,045
95$10,973,378$3,609,624$2,517,122$8,715,599
96$12,033,637$3,727,470$2,542,420$9,464,984
97$13,200,183$3,849,232$2,566,706$10,286,807
98$14,483,800$3,975,041$2,589,889$11,188,340
99$15,896,367$4,105,038$2,611,869$12,177,598
100$17,450,975$4,239,363$2,632,546$13,263,408