Can I retire at age 76 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$35,509$35,193$34,884$34,583$34,289$33,007
2 years$17,579$17,251$16,934$16,626$16,328$15,051
3 years$11,603$11,274$10,957$10,653$10,359$9,127
4 years$8,615$8,288$7,974$7,675$7,388$6,211
5 years$6,823$6,498$6,188$5,895$5,616$4,497
6 years$5,629$5,306$5,001$4,714$4,444$3,383
7 years$4,776$4,456$4,156$3,876$3,614$2,611
8 years$4,137$3,819$3,525$3,251$2,998$2,053
9 years$3,640$3,325$3,036$2,769$2,525$1,635
10 years$3,243$2,931$2,647$2,387$2,151$1,316
11 years$2,918$2,610$2,330$2,078$1,850$1,068
12 years$2,648$2,342$2,068$1,822$1,603$871
13 years$2,419$2,117$1,847$1,609$1,398$714
14 years$2,223$1,924$1,660$1,428$1,226$588
15 years$2,053$1,758$1,499$1,274$1,079$486
16 years$1,905$1,613$1,359$1,140$954$402
17 years$1,774$1,485$1,236$1,025$846$334
18 years$1,658$1,372$1,129$923$752$277
19 years$1,555$1,272$1,033$834$670$231
20 years$1,461$1,182$948$756$599$192
21 years$1,377$1,101$872$686$536$161
22 years$1,301$1,028$804$624$480$134
23 years$1,231$961$742$568$431$112
24 years$1,167$900$686$518$387$94
25 years$1,109$845$636$473$349$78
26 years$1,055$794$590$433$314$65
27 years$1,005$747$548$396$283$55
28 years$958$704$509$363$255$46
29 years$915$664$474$333$231$38
30 years$875$627$441$305$208$32
31 years$838$593$411$280$188$27
32 years$803$561$384$258$170$23
33 years$770$532$358$237$154$19
34 years$739$504$335$218$140$16
35 years$710$478$313$201$127$13
36 years$683$454$293$185$115$11
37 years$657$431$274$170$104$9
38 years$633$409$257$157$94$8
39 years$610$389$240$145$85$7
40 years$588$370$225$133$77$5
41 years$567$353$211$123$70$5
42 years$547$336$198$114$64$4
43 years$529$320$186$105$58$3
44 years$511$305$175$97$53$3
45 years$494$291$164$89$48$2
46 years$478$277$154$83$43$2
47 years$462$265$145$76$39$2
48 years$447$253$136$71$36$1
49 years$433$241$128$65$32$1
50 years$420$231$120$60$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $430,000, adding $3,824 every year, while hoping to spend $30,767 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: 35/42/23 Blend
75$430,000$430,000$430,000$430,000
76$477,804$455,014$448,349$491,082
77$493,805$444,574$430,633$490,789
78$510,406$432,591$411,293$487,381
79$527,636$418,958$390,240$483,084
80$545,527$403,559$367,385$477,838
81$564,112$386,274$342,633$471,579
82$583,424$366,974$315,884$464,241
83$603,502$345,525$287,035$455,755
84$624,386$321,782$255,978$446,046
85$646,119$295,595$222,599$435,039
86$668,747$266,803$186,780$422,652
87$692,321$235,238$148,398$408,800
88$716,892$200,719$107,324$393,396
89$742,519$163,058$63,423$376,345
90$769,264$122,056$16,556$357,551
91$797,194$77,502$0$336,912
92$826,381$29,173$0$322,533
93$856,903$0$0$310,960
94$888,845$0$0$308,757
95$922,297$0$0$320,586
96$957,360$0$0$333,003
97$994,140$0$0$346,047
98$1,032,754$0$0$359,762
99$1,073,329$0$0$374,197
100$1,116,002$0$0$389,403