Can I retire at age 76 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$80,515$79,797$79,098$78,415$77,748$77,258
2 years$39,859$39,116$38,397$37,699$37,023$36,529
3 years$26,309$25,563$24,845$24,154$23,489$23,006
4 years$19,535$18,791$18,081$17,402$16,752$16,284
5 years$15,472$14,733$14,032$13,366$12,735$12,283
6 years$12,764$12,030$11,340$10,689$10,077$9,641
7 years$10,830$10,103$9,423$8,788$8,195$7,776
8 years$9,381$8,660$7,992$7,372$6,799$6,397
9 years$8,254$7,540$6,883$6,279$5,725$5,341
10 years$7,353$6,646$6,001$5,413$4,878$4,510
11 years$6,617$5,917$5,283$4,711$4,196$3,844
12 years$6,003$5,311$4,689$4,132$3,636$3,300
13 years$5,485$4,799$4,189$3,648$3,170$2,850
14 years$5,040$4,362$3,764$3,238$2,779$2,475
15 years$4,656$3,985$3,398$2,888$2,447$2,157
16 years$4,320$3,656$3,081$2,586$2,163$1,888
17 years$4,023$3,367$2,804$2,323$1,918$1,657
18 years$3,760$3,112$2,559$2,094$1,705$1,458
19 years$3,525$2,884$2,343$1,892$1,520$1,286
20 years$3,314$2,680$2,150$1,714$1,357$1,136
21 years$3,123$2,496$1,978$1,555$1,215$1,006
22 years$2,949$2,330$1,823$1,414$1,089$891
23 years$2,791$2,179$1,683$1,288$977$791
24 years$2,647$2,042$1,557$1,174$879$703
25 years$2,514$1,916$1,442$1,073$791$626
26 years$2,391$1,801$1,337$981$712$557
27 years$2,278$1,695$1,242$898$642$496
28 years$2,173$1,597$1,154$822$579$443
29 years$2,076$1,507$1,074$754$523$395
30 years$1,985$1,423$1,000$692$473$353
31 years$1,900$1,345$933$636$427$315
32 years$1,820$1,273$870$584$387$281
33 years$1,746$1,205$813$537$350$252
34 years$1,676$1,142$759$494$317$225
35 years$1,610$1,083$710$455$287$201
36 years$1,549$1,028$664$419$260$180
37 years$1,490$977$622$386$236$161
38 years$1,435$928$582$356$214$144
39 years$1,383$883$545$328$194$129
40 years$1,333$840$511$303$176$116
41 years$1,286$799$479$279$159$104
42 years$1,241$761$450$258$145$93
43 years$1,199$725$422$238$131$83
44 years$1,158$691$396$220$119$75
45 years$1,120$659$372$203$108$67
46 years$1,083$629$349$187$98$60
47 years$1,048$600$328$173$89$54
48 years$1,015$573$308$160$81$48
49 years$983$547$290$148$74$43
50 years$952$523$272$137$67$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 76 starting with $975,000, adding $2,741 every year, while hoping to spend $32,086 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: 77/10/13 Blend
75$975,000$975,000$975,000$975,000
76$1,077,277$1,025,602$1,010,490$1,157,215
77$1,153,020$1,041,718$1,010,202$1,226,383
78$1,235,414$1,057,547$1,008,829$1,297,868
79$1,325,102$1,073,043$1,006,301$1,375,355
80$1,422,794$1,088,154$1,002,544$1,459,432
81$1,529,271$1,102,825$997,481$1,550,744
82$1,645,391$1,116,998$991,031$1,650,003
83$1,772,099$1,130,609$983,109$1,757,994
84$1,910,437$1,143,592$973,626$1,875,580
85$2,061,548$1,155,875$962,489$2,003,714
86$2,226,695$1,167,382$949,602$2,143,444
87$2,407,265$1,178,031$934,860$2,295,926
88$2,604,787$1,187,735$918,159$2,462,434
89$2,820,943$1,196,402$899,385$2,644,371
90$3,057,587$1,203,934$878,423$2,843,284
91$3,316,759$1,210,225$855,148$3,060,876
92$3,600,707$1,215,164$829,434$3,299,026
93$3,911,905$1,218,633$801,146$3,559,804
94$4,253,079$1,220,506$770,144$3,845,490
95$4,627,231$1,220,648$736,282$4,158,598
96$5,037,667$1,218,918$699,405$4,501,898
97$5,488,028$1,215,165$659,355$4,878,443
98$5,982,327$1,209,228$615,964$5,291,599
99$6,524,982$1,200,938$569,056$5,745,072
100$7,120,860$1,190,114$518,449$6,242,951