Can I retire at age 76 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$72,257$71,613$70,985$70,372$69,774$68,253
2 years$35,771$35,104$34,459$33,833$33,226$31,702
3 years$23,610$22,941$22,297$21,677$21,080$19,599
4 years$17,531$16,864$16,227$15,617$15,034$13,609
5 years$13,885$13,222$12,593$11,995$11,429$10,063
6 years$11,455$10,797$10,177$9,593$9,043$7,738
7 years$9,719$9,067$8,457$7,887$7,355$6,111
8 years$8,419$7,772$7,172$6,616$6,101$4,918
9 years$7,407$6,767$6,177$5,635$5,138$4,014
10 years$6,599$5,965$5,385$4,858$4,378$3,313
11 years$5,938$5,310$4,741$4,228$3,765$2,757
12 years$5,387$4,766$4,208$3,708$3,263$2,310
13 years$4,922$4,307$3,759$3,274$2,845$1,947
14 years$4,523$3,915$3,378$2,906$2,494$1,648
15 years$4,178$3,576$3,050$2,592$2,196$1,400
16 years$3,877$3,281$2,765$2,321$1,941$1,193
17 years$3,611$3,022$2,516$2,085$1,721$1,019
18 years$3,375$2,792$2,297$1,879$1,530$872
19 years$3,164$2,588$2,103$1,698$1,364$748
20 years$2,974$2,405$1,930$1,538$1,218$643
21 years$2,802$2,240$1,775$1,396$1,090$553
22 years$2,647$2,091$1,636$1,269$977$476
23 years$2,505$1,956$1,510$1,156$877$411
24 years$2,375$1,832$1,397$1,054$788$354
25 years$2,256$1,720$1,294$963$709$306
26 years$2,146$1,616$1,200$880$639$264
27 years$2,044$1,521$1,114$806$576$228
28 years$1,950$1,433$1,036$738$520$198
29 years$1,863$1,352$964$677$469$171
30 years$1,781$1,277$898$621$424$148
31 years$1,705$1,207$837$571$383$128
32 years$1,634$1,142$781$524$347$111
33 years$1,567$1,082$729$482$314$96
34 years$1,504$1,025$681$444$284$83
35 years$1,445$972$637$408$257$72
36 years$1,390$923$596$376$233$62
37 years$1,337$877$558$347$211$54
38 years$1,288$833$522$319$192$47
39 years$1,241$792$489$295$174$41
40 years$1,196$754$459$272$158$35
41 years$1,154$717$430$251$143$31
42 years$1,114$683$403$231$130$26
43 years$1,076$651$379$214$118$23
44 years$1,040$620$355$197$107$20
45 years$1,005$592$334$182$97$17
46 years$972$564$313$168$88$15
47 years$941$539$294$155$80$13
48 years$911$514$277$144$73$11
49 years$882$491$260$133$66$10
50 years$854$469$244$123$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $875,000, adding $4,380 every year, while hoping to spend $24,074 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: 46/35/19 Blend
75$875,000$875,000$875,000$875,000
76$968,768$922,393$908,830$1,007,889
77$1,041,968$941,976$913,662$1,055,256
78$1,121,827$961,711$917,848$1,103,863
79$1,209,000$981,581$921,342$1,156,093
80$1,304,206$1,001,567$924,095$1,212,293
81$1,408,237$1,021,646$926,054$1,272,848
82$1,521,966$1,041,795$927,166$1,338,180
83$1,646,353$1,061,990$927,373$1,408,756
84$1,782,456$1,082,202$926,615$1,485,089
85$1,931,439$1,102,402$924,829$1,567,748
86$2,094,584$1,122,558$921,949$1,657,357
87$2,273,303$1,142,635$917,905$1,754,606
88$2,469,151$1,162,595$912,627$1,860,254
89$2,683,841$1,182,399$906,036$1,975,142
90$2,919,258$1,202,002$898,054$2,100,192
91$3,177,481$1,221,359$888,597$2,236,425
92$3,460,796$1,240,418$877,578$2,384,965
93$3,771,725$1,259,126$864,904$2,547,052
94$4,113,044$1,277,426$850,481$2,724,053
95$4,487,810$1,295,256$834,208$2,917,476
96$4,899,392$1,312,549$815,979$3,128,984
97$5,351,501$1,329,235$795,686$3,360,411
98$5,848,225$1,345,238$773,212$3,613,779
99$6,394,067$1,360,478$748,438$3,891,316
100$6,993,989$1,374,868$721,237$4,195,483