Can I retire at age 76 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$159,378$157,958$156,573$155,221$153,901$152,867
2 years$78,900$77,430$76,006$74,625$73,286$72,243
3 years$52,077$50,602$49,181$47,813$46,496$45,476
4 years$38,669$37,198$35,791$34,447$33,161$32,173
5 years$30,626$29,163$27,775$26,458$25,209$24,255
6 years$25,265$23,814$22,447$21,159$19,947$19,028
7 years$21,438$19,999$18,653$17,396$16,222$15,340
8 years$18,569$17,143$15,819$14,593$13,458$12,611
9 years$16,339$14,926$13,625$12,430$11,333$10,522
10 years$14,555$13,156$11,879$10,715$9,657$8,881
11 years$13,097$11,712$10,458$9,325$8,305$7,564
12 years$11,883$10,512$9,281$8,179$7,197$6,490
13 years$10,857$9,500$8,292$7,221$6,276$5,602
14 years$9,977$8,635$7,451$6,410$5,501$4,860
15 years$9,216$7,889$6,727$5,717$4,844$4,235
16 years$8,551$7,238$6,099$5,119$4,281$3,703
17 years$7,964$6,666$5,550$4,599$3,796$3,247
18 years$7,443$6,159$5,066$4,145$3,375$2,855
19 years$6,978$5,708$4,638$3,745$3,008$2,516
20 years$6,559$5,305$4,256$3,392$2,687$2,222
21 years$6,181$4,941$3,915$3,078$2,405$1,966
22 years$5,838$4,612$3,608$2,799$2,155$1,741
23 years$5,525$4,314$3,332$2,549$1,935$1,544
24 years$5,239$4,042$3,081$2,325$1,739$1,371
25 years$4,976$3,793$2,854$2,123$1,565$1,219
26 years$4,733$3,565$2,647$1,941$1,410$1,085
27 years$4,509$3,355$2,458$1,777$1,271$966
28 years$4,302$3,161$2,285$1,628$1,147$861
29 years$4,108$2,982$2,126$1,493$1,035$767
30 years$3,929$2,816$1,980$1,370$936$684
31 years$3,761$2,662$1,846$1,258$846$611
32 years$3,604$2,519$1,723$1,157$765$545
33 years$3,456$2,386$1,608$1,064$692$487
34 years$3,318$2,261$1,503$979$627$435
35 years$3,188$2,145$1,405$901$568$389
36 years$3,065$2,036$1,314$830$515$348
37 years$2,950$1,933$1,230$764$466$311
38 years$2,840$1,837$1,152$705$423$278
39 years$2,737$1,747$1,079$650$383$249
40 years$2,639$1,662$1,012$599$348$223
41 years$2,546$1,582$949$553$315$199
42 years$2,457$1,507$890$510$286$178
43 years$2,373$1,436$835$471$260$160
44 years$2,293$1,369$784$435$236$143
45 years$2,217$1,305$736$402$214$128
46 years$2,144$1,245$691$371$194$115
47 years$2,075$1,188$649$343$176$103
48 years$2,008$1,134$610$317$160$92
49 years$1,945$1,083$574$293$146$82
50 years$1,884$1,035$539$271$132$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $1,930,000, adding $6,148 every year, while hoping to spend $41,041 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: 50/21/29 Blend
75$1,930,000$1,930,000$1,930,000$1,930,000
76$2,133,202$2,030,912$2,000,997$2,222,062
77$2,307,121$2,086,759$2,024,363$2,340,748
78$2,497,404$2,143,967$2,047,136$2,465,120
79$2,705,678$2,202,560$2,069,253$2,599,516
80$2,933,732$2,262,560$2,090,648$2,744,907
81$3,183,538$2,323,991$2,111,250$2,902,365
82$3,457,267$2,386,874$2,130,985$3,073,067
83$3,757,309$2,451,233$2,149,775$3,258,314
84$4,086,300$2,517,088$2,167,537$3,459,536
85$4,447,138$2,584,461$2,184,185$3,678,311
86$4,843,019$2,653,373$2,199,628$3,916,376
87$5,277,462$2,723,843$2,213,770$4,175,645
88$5,754,342$2,795,890$2,226,511$4,458,229
89$6,277,929$2,869,533$2,237,743$4,766,452
90$6,852,926$2,944,788$2,247,355$5,102,876
91$7,484,514$3,021,672$2,255,232$5,470,325
92$8,178,401$3,100,201$2,261,248$5,871,909
93$8,940,874$3,180,387$2,265,276$6,311,059
94$9,778,860$3,262,242$2,267,180$6,791,552
95$10,699,989$3,345,778$2,266,817$7,317,553
96$11,712,671$3,431,004$2,264,037$7,893,653
97$12,826,166$3,517,926$2,258,685$8,524,909
98$14,050,680$3,606,550$2,250,596$9,216,896
99$15,397,456$3,696,877$2,239,598$9,975,759
100$16,878,882$3,788,910$2,225,510$10,808,269