Can I retire at age 77 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$91,663$90,846$90,050$89,272$88,513$87,407
2 years$45,378$44,532$43,713$42,919$42,149$41,036
3 years$29,951$29,102$28,285$27,499$26,741$25,656
4 years$22,240$21,393$20,585$19,811$19,072$18,023
5 years$17,614$16,773$15,974$15,217$14,498$13,488
6 years$14,531$13,696$12,910$12,169$11,472$10,502
7 years$12,330$11,502$10,728$10,005$9,330$8,401
8 years$10,680$9,859$9,098$8,393$7,740$6,852
9 years$9,397$8,584$7,836$7,149$6,518$5,670
10 years$8,371$7,567$6,832$6,162$5,554$4,745
11 years$7,533$6,736$6,015$5,363$4,776$4,007
12 years$6,834$6,046$5,338$4,704$4,139$3,408
13 years$6,244$5,464$4,769$4,153$3,609$2,915
14 years$5,738$4,966$4,285$3,687$3,164$2,506
15 years$5,300$4,537$3,869$3,288$2,786$2,163
16 years$4,918$4,163$3,508$2,944$2,462$1,873
17 years$4,580$3,834$3,192$2,645$2,183$1,627
18 years$4,281$3,542$2,914$2,384$1,941$1,416
19 years$4,013$3,283$2,667$2,154$1,730$1,235
20 years$3,773$3,051$2,448$1,951$1,545$1,080
21 years$3,555$2,842$2,252$1,770$1,383$945
22 years$3,358$2,653$2,075$1,610$1,240$829
23 years$3,178$2,481$1,916$1,466$1,113$727
24 years$3,013$2,324$1,772$1,337$1,000$639
25 years$2,862$2,181$1,641$1,221$900$562
26 years$2,722$2,050$1,522$1,117$811$494
27 years$2,593$1,929$1,414$1,022$731$435
28 years$2,474$1,818$1,314$936$660$383
29 years$2,363$1,715$1,223$859$596$338
30 years$2,259$1,620$1,139$788$538$298
31 years$2,163$1,531$1,062$724$486$263
32 years$2,073$1,449$991$665$440$232
33 years$1,988$1,372$925$612$398$205
34 years$1,908$1,300$864$563$361$181
35 years$1,833$1,233$808$518$327$160
36 years$1,763$1,171$756$477$296$141
37 years$1,696$1,112$708$440$268$125
38 years$1,633$1,057$663$405$243$110
39 years$1,574$1,005$621$374$220$98
40 years$1,518$956$582$345$200$86
41 years$1,464$910$546$318$181$76
42 years$1,413$867$512$293$165$67
43 years$1,365$826$480$271$149$60
44 years$1,319$787$451$250$136$53
45 years$1,275$751$423$231$123$47
46 years$1,233$716$398$213$112$41
47 years$1,193$683$373$197$102$36
48 years$1,155$652$351$182$92$32
49 years$1,119$623$330$168$84$29
50 years$1,084$595$310$156$76$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,110,000, adding $3,229 every year, while hoping to spend $26,359 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: 51/32/17 Blend
76$1,110,000$1,110,000$1,110,000$1,110,000
77$1,226,551$1,167,721$1,150,516$1,283,222
78$1,323,613$1,196,893$1,161,012$1,351,713
79$1,429,692$1,226,612$1,170,977$1,423,123
80$1,545,681$1,256,875$1,180,364$1,500,186
81$1,672,560$1,287,682$1,189,126$1,583,444
82$1,811,411$1,319,028$1,197,212$1,673,495
83$1,963,424$1,350,910$1,204,568$1,770,998
84$2,129,912$1,383,323$1,211,139$1,876,677
85$2,312,317$1,416,260$1,216,866$1,991,333
86$2,512,230$1,449,713$1,221,688$2,115,846
87$2,731,401$1,483,673$1,225,539$2,251,184
88$2,971,760$1,518,130$1,228,351$2,398,416
89$3,235,432$1,553,070$1,230,052$2,558,721
90$3,524,755$1,588,479$1,230,568$2,733,394
91$3,842,307$1,624,342$1,229,819$2,923,866
92$4,190,927$1,660,640$1,227,723$3,131,711
93$4,573,743$1,697,352$1,224,193$3,358,665
94$4,994,200$1,734,457$1,219,138$3,606,640
95$5,456,091$1,771,929$1,212,463$3,877,745
96$5,963,600$1,809,740$1,204,067$4,174,302
97$6,521,330$1,847,860$1,193,846$4,498,871
98$7,134,355$1,886,256$1,181,690$4,854,273
99$7,808,267$1,924,890$1,167,484$5,243,619
100$8,549,224$1,963,723$1,151,108$5,670,333