Can I retire at age 77 with 1,160,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$95,792$94,938$94,106$93,293$92,500$91,118
2 years$47,422$46,538$45,683$44,853$44,048$42,658
3 years$31,300$30,413$29,560$28,738$27,946$26,592
4 years$23,241$22,357$21,512$20,704$19,931$18,624
5 years$18,407$17,528$16,694$15,902$15,151$13,894
6 years$15,185$14,313$13,491$12,717$11,989$10,783
7 years$12,885$12,020$11,211$10,456$9,750$8,597
8 years$11,161$10,303$9,508$8,771$8,089$6,987
9 years$9,820$8,971$8,189$7,471$6,812$5,762
10 years$8,748$7,908$7,140$6,440$5,804$4,805
11 years$7,872$7,040$6,286$5,605$4,992$4,042
12 years$7,142$6,318$5,578$4,916$4,326$3,424
13 years$6,525$5,710$4,984$4,340$3,772$2,918
14 years$5,997$5,190$4,478$3,853$3,307$2,498
15 years$5,539$4,741$4,043$3,436$2,911$2,147
16 years$5,139$4,350$3,666$3,077$2,573$1,852
17 years$4,787$4,006$3,336$2,764$2,281$1,601
18 years$4,474$3,702$3,045$2,491$2,029$1,388
19 years$4,194$3,431$2,788$2,251$1,808$1,206
20 years$3,942$3,188$2,558$2,039$1,615$1,049
21 years$3,715$2,970$2,353$1,850$1,445$914
22 years$3,509$2,772$2,169$1,682$1,295$798
23 years$3,321$2,593$2,002$1,532$1,163$697
24 years$3,149$2,429$1,852$1,397$1,045$609
25 years$2,991$2,280$1,715$1,276$941$533
26 years$2,845$2,143$1,591$1,167$847$467
27 years$2,710$2,016$1,477$1,068$764$409
28 years$2,585$1,900$1,373$979$689$359
29 years$2,469$1,792$1,278$897$622$315
30 years$2,361$1,693$1,190$824$562$276
31 years$2,260$1,600$1,110$756$508$243
32 years$2,166$1,514$1,035$695$460$213
33 years$2,077$1,434$967$639$416$187
34 years$1,994$1,359$903$588$377$164
35 years$1,916$1,289$844$541$341$145
36 years$1,842$1,223$790$499$309$127
37 years$1,773$1,162$739$459$280$112
38 years$1,707$1,104$692$423$254$98
39 years$1,645$1,050$649$390$230$86
40 years$1,586$999$608$360$209$76
41 years$1,530$951$570$332$190$67
42 years$1,477$906$535$307$172$59
43 years$1,426$863$502$283$156$52
44 years$1,378$823$471$261$142$46
45 years$1,332$784$442$241$129$40
46 years$1,289$748$415$223$117$35
47 years$1,247$714$390$206$106$31
48 years$1,207$682$367$190$96$27
49 years$1,169$651$345$176$87$24
50 years$1,133$622$324$163$79$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,160,000, adding $2,991 every year, while hoping to spend $36,433 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: 39/37/24 Blend
76$1,160,000$1,160,000$1,160,000$1,160,000
77$1,281,405$1,219,925$1,201,945$1,322,139
78$1,373,344$1,240,937$1,203,446$1,372,940
79$1,473,440$1,261,758$1,203,776$1,424,202
80$1,582,486$1,282,339$1,202,857$1,478,912
81$1,701,355$1,302,629$1,200,609$1,537,402
82$1,831,009$1,322,573$1,196,945$1,600,046
83$1,972,505$1,342,113$1,191,776$1,667,251
84$2,127,007$1,361,183$1,185,007$1,739,470
85$2,295,799$1,379,718$1,176,542$1,817,204
86$2,480,289$1,397,643$1,166,275$1,901,006
87$2,682,033$1,414,882$1,154,100$1,991,485
88$2,902,741$1,431,352$1,139,902$2,089,318
89$3,144,296$1,446,963$1,123,564$2,195,250
90$3,408,771$1,461,622$1,104,961$2,310,105
91$3,698,452$1,475,227$1,083,963$2,434,793
92$4,015,853$1,487,672$1,060,434$2,570,320
93$4,363,743$1,498,841$1,034,232$2,717,797
94$4,745,174$1,508,614$1,005,208$2,878,450
95$5,163,505$1,516,859$973,206$3,053,635
96$5,622,437$1,523,440$938,063$3,244,849
97$6,126,046$1,528,209$899,609$3,453,744
98$6,678,823$1,531,011$857,665$3,682,145
99$7,285,711$1,531,679$812,046$3,932,067
100$7,952,161$1,530,038$762,557$4,205,736