Can I retire at age 77 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$90,837$90,028$89,238$88,468$87,716$85,734
2 years$44,969$44,131$43,320$42,533$41,769$39,784
3 years$29,681$28,840$28,031$27,251$26,500$24,573
4 years$22,039$21,201$20,399$19,633$18,900$17,045
5 years$17,455$16,622$15,831$15,080$14,368$12,591
6 years$14,400$13,573$12,793$12,060$11,369$9,671
7 years$12,219$11,398$10,631$9,915$9,246$7,628
8 years$10,583$9,771$9,016$8,317$7,670$6,132
9 years$9,312$8,507$7,766$7,084$6,459$5,000
10 years$8,296$7,499$6,770$6,107$5,504$4,121
11 years$7,465$6,675$5,960$5,315$4,733$3,425
12 years$6,773$5,992$5,290$4,662$4,102$2,866
13 years$6,188$5,415$4,726$4,116$3,577$2,412
14 years$5,687$4,922$4,246$3,653$3,135$2,039
15 years$5,253$4,496$3,834$3,258$2,761$1,729
16 years$4,873$4,125$3,476$2,917$2,440$1,472
17 years$4,539$3,799$3,163$2,621$2,163$1,255
18 years$4,242$3,510$2,887$2,362$1,924$1,073
19 years$3,977$3,253$2,643$2,135$1,715$919
20 years$3,739$3,023$2,426$1,933$1,531$789
21 years$3,523$2,816$2,231$1,755$1,371$677
22 years$3,327$2,629$2,057$1,595$1,228$583
23 years$3,149$2,459$1,899$1,453$1,103$501
24 years$2,986$2,304$1,756$1,325$991$432
25 years$2,836$2,162$1,627$1,210$892$372
26 years$2,698$2,032$1,509$1,106$803$321
27 years$2,570$1,912$1,401$1,013$724$277
28 years$2,452$1,802$1,302$928$654$239
29 years$2,342$1,700$1,212$851$590$207
30 years$2,239$1,605$1,129$781$533$179
31 years$2,143$1,517$1,052$717$482$154
32 years$2,054$1,436$982$659$436$133
33 years$1,970$1,360$917$606$395$115
34 years$1,891$1,289$857$558$357$100
35 years$1,817$1,222$801$513$324$86
36 years$1,747$1,160$749$473$293$75
37 years$1,681$1,102$701$436$266$65
38 years$1,619$1,047$657$402$241$56
39 years$1,560$996$615$370$218$48
40 years$1,504$947$577$342$198$42
41 years$1,451$902$541$315$180$36
42 years$1,400$859$507$291$163$31
43 years$1,353$818$476$268$148$27
44 years$1,307$780$447$248$134$23
45 years$1,264$744$419$229$122$20
46 years$1,222$710$394$211$111$18
47 years$1,183$677$370$195$101$15
48 years$1,145$646$348$180$91$13
49 years$1,109$617$327$167$83$11
50 years$1,074$590$307$154$75$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,100,000, adding $6,607 every year, while hoping to spend $59,959 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: 46/32/22 Blend
76$1,100,000$1,100,000$1,100,000$1,100,000
77$1,219,015$1,160,715$1,143,665$1,267,130
78$1,279,559$1,153,794$1,118,182$1,294,644
79$1,344,268$1,144,525$1,089,836$1,318,031
80$1,413,505$1,132,728$1,058,467$1,342,181
81$1,487,666$1,118,215$1,023,909$1,367,195
82$1,567,186$1,100,786$985,988$1,393,187
83$1,652,542$1,080,227$944,521$1,420,286
84$1,744,258$1,056,315$899,319$1,448,638
85$1,842,908$1,028,810$850,182$1,478,410
86$1,949,123$997,460$796,902$1,509,789
87$2,063,597$961,999$739,262$1,542,990
88$2,187,091$922,144$677,034$1,578,250
89$2,320,441$877,596$609,981$1,615,839
90$2,464,566$828,038$537,855$1,656,062
91$2,620,476$773,136$460,398$1,699,259
92$2,789,281$712,536$377,338$1,745,813
93$2,972,202$645,865$288,393$1,796,153
94$3,170,582$572,727$193,269$1,850,760
95$3,385,895$492,705$91,657$1,910,172
96$3,619,765$405,357$0$1,974,991
97$3,873,979$310,216$0$2,049,829
98$4,150,499$206,792$0$2,154,715
99$4,451,488$94,562$0$2,269,031
100$4,779,323$0$0$2,393,798