Can I retire at age 77 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$94,140$93,302$92,483$91,685$90,905$90,484
2 years$46,604$45,736$44,895$44,079$43,288$42,863
3 years$30,761$29,889$29,050$28,242$27,464$27,048
4 years$22,841$21,972$21,141$20,347$19,587$19,184
5 years$18,090$17,226$16,406$15,628$14,890$14,500
6 years$14,924$14,066$13,259$12,498$11,782$11,406
7 years$12,663$11,813$11,018$10,275$9,582$9,220
8 years$10,968$10,126$9,344$8,620$7,949$7,602
9 years$9,651$8,816$8,048$7,342$6,694$6,361
10 years$8,597$7,771$7,017$6,329$5,704$5,385
11 years$7,736$6,918$6,177$5,508$4,906$4,601
12 years$7,019$6,209$5,482$4,831$4,251$3,960
13 years$6,413$5,612$4,898$4,265$3,707$3,429
14 years$5,893$5,101$4,401$3,786$3,250$2,985
15 years$5,444$4,660$3,973$3,377$2,861$2,609
16 years$5,051$4,275$3,602$3,023$2,529$2,289
17 years$4,704$3,937$3,278$2,717$2,242$2,014
18 years$4,397$3,638$2,992$2,448$1,994$1,778
19 years$4,122$3,372$2,739$2,212$1,777$1,572
20 years$3,874$3,133$2,514$2,004$1,587$1,393
21 years$3,651$2,918$2,313$1,818$1,420$1,237
22 years$3,448$2,724$2,131$1,653$1,273$1,100
23 years$3,264$2,548$1,968$1,506$1,143$979
24 years$3,094$2,387$1,820$1,373$1,027$873
25 years$2,939$2,240$1,686$1,254$924$779
26 years$2,796$2,106$1,563$1,147$833$696
27 years$2,664$1,982$1,452$1,050$751$622
28 years$2,541$1,867$1,350$962$677$556
29 years$2,427$1,762$1,256$882$612$498
30 years$2,321$1,664$1,170$809$553$446
31 years$2,221$1,573$1,091$743$500$400
32 years$2,129$1,488$1,018$683$452$358
33 years$2,042$1,409$950$628$409$321
34 years$1,960$1,336$888$578$370$288
35 years$1,883$1,267$830$532$335$259
36 years$1,811$1,202$776$490$304$232
37 years$1,742$1,142$727$451$275$209
38 years$1,678$1,085$681$416$250$187
39 years$1,616$1,032$638$384$226$168
40 years$1,559$982$598$354$205$151
41 years$1,504$935$560$327$186$136
42 years$1,451$890$526$301$169$122
43 years$1,402$848$493$278$153$110
44 years$1,354$808$463$257$139$99
45 years$1,309$771$435$237$126$89
46 years$1,267$735$408$219$115$80
47 years$1,226$702$384$202$104$72
48 years$1,186$670$360$187$95$65
49 years$1,149$640$339$173$86$58
50 years$1,113$611$319$160$78$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,140,000, adding $2,356 every year, while hoping to spend $39,001 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: 89/6/5 Blend
76$1,140,000$1,140,000$1,140,000$1,140,000
77$1,258,710$1,198,290$1,180,620$1,370,715
78$1,345,602$1,215,510$1,178,674$1,461,110
79$1,440,049$1,232,266$1,175,356$1,554,750
80$1,542,782$1,248,495$1,170,578$1,656,412
81$1,654,603$1,264,128$1,164,249$1,766,873
82$1,776,395$1,279,092$1,156,274$1,886,990
83$1,909,130$1,293,310$1,146,552$2,017,708
84$2,053,877$1,306,699$1,134,978$2,160,063
85$2,211,814$1,319,169$1,121,441$2,315,200
86$2,384,237$1,330,626$1,105,827$2,484,378
87$2,572,571$1,340,969$1,088,014$2,668,983
88$2,778,388$1,350,090$1,067,877$2,870,542
89$3,003,415$1,357,877$1,045,283$3,090,737
90$3,249,557$1,364,206$1,020,093$3,331,420
91$3,518,909$1,368,949$992,163$3,594,631
92$3,813,778$1,371,968$961,341$3,882,617
93$4,136,706$1,373,117$927,469$4,197,853
94$4,490,491$1,372,241$890,380$4,543,065
95$4,878,215$1,369,175$849,902$4,921,257
96$5,303,273$1,363,744$805,853$5,335,738
97$5,769,402$1,355,762$758,044$5,790,153
98$6,280,719$1,345,034$706,278$6,288,518
99$6,841,761$1,331,349$650,346$6,835,257
100$7,457,522$1,314,486$590,034$7,435,244