Can I retire at age 76 with 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 $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%13.9%
1 years$66,063$65,475$64,901$64,340$63,793$62,762
2 years$32,705$32,095$31,505$30,933$30,378$29,342
3 years$21,586$20,975$20,386$19,819$19,273$18,264
4 years$16,029$15,419$14,836$14,278$13,746$12,772
5 years$12,695$12,088$11,513$10,967$10,449$9,514
6 years$10,473$9,871$9,304$8,771$8,268$7,372
7 years$8,886$8,290$7,732$7,211$6,724$5,867
8 years$7,697$7,106$6,557$6,049$5,578$4,760
9 years$6,773$6,187$5,648$5,152$4,698$3,918
10 years$6,033$5,453$4,924$4,441$4,003$3,261
11 years$5,429$4,855$4,335$3,865$3,442$2,739
12 years$4,926$4,357$3,847$3,390$2,983$2,316
13 years$4,500$3,938$3,437$2,993$2,601$1,969
14 years$4,136$3,579$3,088$2,657$2,280$1,683
15 years$3,820$3,270$2,788$2,370$2,008$1,443
16 years$3,544$3,000$2,528$2,122$1,775$1,242
17 years$3,301$2,763$2,300$1,906$1,573$1,072
18 years$3,085$2,553$2,100$1,718$1,399$927
19 years$2,892$2,366$1,922$1,552$1,247$804
20 years$2,719$2,199$1,764$1,406$1,114$698
21 years$2,562$2,048$1,623$1,276$997$607
22 years$2,420$1,912$1,496$1,160$893$528
23 years$2,290$1,788$1,381$1,057$802$460
24 years$2,172$1,675$1,277$964$721$401
25 years$2,063$1,572$1,183$880$649$351
26 years$1,962$1,478$1,097$805$584$306
27 years$1,869$1,391$1,019$737$527$268
28 years$1,783$1,310$947$675$475$234
29 years$1,703$1,236$881$619$429$205
30 years$1,628$1,167$821$568$388$179
31 years$1,559$1,104$765$522$351$157
32 years$1,494$1,044$714$479$317$138
33 years$1,433$989$667$441$287$121
34 years$1,375$937$623$406$260$106
35 years$1,321$889$582$373$235$93
36 years$1,271$844$545$344$213$81
37 years$1,223$801$510$317$193$71
38 years$1,177$762$478$292$175$63
39 years$1,134$724$447$269$159$55
40 years$1,094$689$419$248$144$48
41 years$1,055$656$393$229$131$42
42 years$1,019$625$369$211$119$37
43 years$984$595$346$195$108$32
44 years$951$567$325$180$98$29
45 years$919$541$305$166$89$25
46 years$889$516$287$154$81$22
47 years$860$492$269$142$73$19
48 years$833$470$253$131$66$17
49 years$806$449$238$121$60$15
50 years$781$429$224$112$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $800,000, adding $4,271 every year, while hoping to spend $52,892 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: 62/32/6 Blend
75$800,000$800,000$800,000$800,000
76$886,006$843,606$831,206$939,722
77$920,101$828,666$802,774$961,151
78$955,902$811,221$771,618$977,967
79$993,526$791,093$737,589$994,955
80$1,033,102$768,092$700,534$1,012,128
81$1,074,769$742,019$660,292$1,029,507
82$1,118,679$712,661$616,696$1,047,112
83$1,164,997$679,795$569,568$1,064,971
84$1,213,905$643,183$518,727$1,083,117
85$1,265,599$602,575$463,980$1,101,589
86$1,320,294$557,705$405,127$1,120,431
87$1,378,224$508,292$341,959$1,139,697
88$1,439,646$454,041$274,257$1,159,449
89$1,504,839$394,639$201,794$1,179,760
90$1,574,110$329,754$124,332$1,200,713
91$1,647,794$259,036$41,622$1,222,404
92$1,726,256$182,117$0$1,244,943
93$1,809,900$98,605$0$1,271,445
94$1,899,163$8,090$0$1,302,104
95$1,994,527$0$0$1,334,436
96$2,096,521$0$0$1,400,292
97$2,205,722$0$0$1,473,891
98$2,322,766$0$0$1,552,816
99$2,448,348$0$0$1,637,541
100$2,583,232$0$0$1,728,589