Can I retire at age 77 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$90,011$89,209$88,427$87,664$86,918$86,046
2 years$44,560$43,730$42,926$42,146$41,390$40,511
3 years$29,412$28,578$27,776$27,003$26,259$25,402
4 years$21,839$21,008$20,214$19,454$18,728$17,899
5 years$17,296$16,470$15,687$14,943$14,237$13,437
6 years$14,269$13,449$12,677$11,950$11,265$10,497
7 years$12,108$11,295$10,535$9,825$9,162$8,424
8 years$10,487$9,682$8,934$8,242$7,600$6,894
9 years$9,228$8,430$7,695$7,020$6,401$5,726
10 years$8,220$7,430$6,709$6,051$5,454$4,809
11 years$7,397$6,615$5,906$5,267$4,690$4,076
12 years$6,711$5,937$5,242$4,619$4,065$3,480
13 years$6,131$5,365$4,683$4,078$3,544$2,988
14 years$5,635$4,877$4,208$3,620$3,107$2,579
15 years$5,205$4,455$3,799$3,229$2,736$2,235
16 years$4,829$4,088$3,444$2,891$2,418$1,943
17 years$4,498$3,765$3,134$2,597$2,144$1,695
18 years$4,204$3,479$2,861$2,341$1,906$1,482
19 years$3,941$3,224$2,619$2,115$1,699$1,299
20 years$3,705$2,996$2,404$1,916$1,518$1,140
21 years$3,491$2,790$2,211$1,739$1,358$1,002
22 years$3,297$2,605$2,038$1,581$1,217$883
23 years$3,121$2,436$1,882$1,440$1,093$778
24 years$2,959$2,283$1,740$1,313$982$687
25 years$2,810$2,142$1,612$1,199$884$607
26 years$2,673$2,013$1,495$1,096$796$536
27 years$2,547$1,895$1,388$1,004$718$475
28 years$2,429$1,785$1,290$919$648$420
29 years$2,320$1,684$1,201$843$585$372
30 years$2,219$1,591$1,119$774$528$330
31 years$2,124$1,504$1,043$711$478$293
32 years$2,035$1,423$973$653$432$259
33 years$1,952$1,347$908$601$391$230
34 years$1,874$1,277$849$553$354$204
35 years$1,800$1,211$794$509$321$181
36 years$1,731$1,150$742$469$291$161
37 years$1,666$1,092$695$432$263$143
38 years$1,604$1,038$651$398$239$127
39 years$1,546$987$610$367$217$113
40 years$1,490$939$571$338$196$100
41 years$1,438$894$536$312$178$89
42 years$1,388$851$503$288$162$79
43 years$1,340$811$472$266$147$70
44 years$1,295$773$443$246$133$63
45 years$1,252$737$416$227$121$56
46 years$1,211$703$390$210$110$50
47 years$1,172$671$367$194$100$44
48 years$1,134$641$345$179$91$39
49 years$1,098$612$324$165$82$35
50 years$1,064$584$305$153$75$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,090,000, adding $3,431 every year, while hoping to spend $38,135 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: 79/8/13 Blend
76$1,090,000$1,090,000$1,090,000$1,090,000
77$1,204,719$1,146,949$1,130,054$1,296,570
78$1,287,025$1,162,574$1,127,336$1,373,090
79$1,376,448$1,177,687$1,123,248$1,451,773
80$1,473,674$1,192,222$1,117,705$1,537,008
81$1,579,457$1,206,109$1,110,616$1,629,434
82$1,694,627$1,219,274$1,101,887$1,729,755
83$1,820,098$1,231,637$1,091,419$1,838,747
84$1,956,874$1,243,113$1,079,108$1,957,263
85$2,106,061$1,253,612$1,064,844$2,086,245
86$2,268,878$1,263,037$1,048,515$2,226,728
87$2,446,664$1,271,287$1,030,001$2,379,855
88$2,640,894$1,278,250$1,009,176$2,546,885
89$2,853,194$1,283,813$985,912$2,729,204
90$3,085,349$1,287,849$960,070$2,928,341
91$3,339,331$1,290,230$931,508$3,145,979
92$3,617,306$1,290,814$900,076$3,383,974
93$3,921,661$1,289,454$865,619$3,644,371
94$4,255,025$1,285,992$827,972$3,929,424
95$4,620,292$1,280,261$786,964$4,241,614
96$5,020,652$1,272,083$742,417$4,583,681
97$5,459,615$1,261,271$694,144$4,958,638
98$5,941,048$1,247,626$641,950$5,369,811
99$6,469,210$1,230,935$585,631$5,820,862
100$7,048,793$1,210,975$524,974$6,315,829