Can I retire at age 77 with 1,000,000?

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$82,579$81,843$81,126$80,425$79,741$77,625
2 years$40,881$40,119$39,381$38,666$37,972$35,854
3 years$26,983$26,218$25,482$24,774$24,091$22,039
4 years$20,036$19,273$18,545$17,848$17,182$15,210
5 years$15,868$15,111$14,391$13,709$13,061$11,176
6 years$13,091$12,339$11,630$10,963$10,335$8,538
7 years$11,108$10,362$9,665$9,013$8,405$6,697
8 years$9,621$8,882$8,197$7,561$6,973$5,352
9 years$8,466$7,734$7,060$6,440$5,872$4,337
10 years$7,542$6,817$6,155$5,552$5,003$3,553
11 years$6,786$6,069$5,419$4,832$4,303$2,934
12 years$6,157$5,447$4,809$4,238$3,729$2,439
13 years$5,625$4,922$4,296$3,742$3,252$2,039
14 years$5,170$4,474$3,860$3,321$2,850$1,712
15 years$4,775$4,087$3,485$2,962$2,510$1,442
16 years$4,430$3,750$3,160$2,652$2,218$1,218
17 years$4,126$3,454$2,875$2,383$1,967$1,032
18 years$3,857$3,191$2,625$2,148$1,749$876
19 years$3,615$2,958$2,403$1,940$1,559$744
20 years$3,399$2,748$2,205$1,757$1,392$634
21 years$3,203$2,560$2,029$1,595$1,246$540
22 years$3,025$2,390$1,870$1,450$1,117$461
23 years$2,863$2,235$1,726$1,321$1,002$394
24 years$2,714$2,094$1,596$1,205$901$336
25 years$2,578$1,965$1,479$1,100$811$288
26 years$2,453$1,847$1,371$1,006$730$246
27 years$2,336$1,738$1,273$921$658$211
28 years$2,229$1,638$1,184$844$594$180
29 years$2,129$1,545$1,102$774$537$155
30 years$2,036$1,459$1,026$710$485$132
31 years$1,949$1,380$957$652$438$114
32 years$1,867$1,305$893$599$396$97
33 years$1,791$1,236$833$551$359$83
34 years$1,719$1,172$779$507$325$72
35 years$1,652$1,111$728$467$294$61
36 years$1,588$1,055$681$430$267$53
37 years$1,528$1,002$637$396$242$45
38 years$1,472$952$597$365$219$39
39 years$1,418$905$559$337$199$33
40 years$1,367$861$524$310$180$29
41 years$1,319$820$492$286$163$24
42 years$1,273$781$461$264$148$21
43 years$1,230$744$433$244$135$18
44 years$1,188$709$406$225$122$15
45 years$1,149$676$381$208$111$13
46 years$1,111$645$358$192$101$11
47 years$1,075$616$336$178$91$10
48 years$1,041$588$316$164$83$8
49 years$1,008$561$297$152$75$7
50 years$976$536$279$140$69$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,000,000, adding $6,174 every year, while hoping to spend $59,831 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: 81/14/5 Blend
76$1,000,000$1,000,000$1,000,000$1,000,000
77$1,108,368$1,055,368$1,039,868$1,197,498
78$1,157,762$1,043,422$1,011,044$1,244,727
79$1,210,189$1,028,884$979,249$1,287,929
80$1,265,895$1,011,566$944,321$1,333,494
81$1,325,149$991,266$906,088$1,381,623
82$1,388,247$967,770$864,375$1,432,539
83$1,455,510$940,853$818,993$1,486,488
84$1,527,292$910,275$769,750$1,543,741
85$1,603,981$875,784$716,441$1,604,595
86$1,686,000$837,110$658,855$1,669,379
87$1,773,816$793,972$596,771$1,738,456
88$1,867,937$746,069$529,955$1,812,224
89$1,968,925$693,085$458,167$1,891,126
90$2,077,393$634,684$381,153$1,975,648
91$2,194,015$570,511$298,649$2,066,324
92$2,319,532$500,193$210,381$2,163,748
93$2,454,756$423,334$116,060$2,268,573
94$2,600,579$339,516$15,387$2,381,517
95$2,757,983$248,297$0$2,503,375
96$2,928,044$149,211$0$2,639,936
97$3,111,947$41,765$0$2,788,451
98$3,310,994$0$0$2,949,183
99$3,526,615$0$0$3,134,815
100$3,760,382$0$0$3,343,068