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

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$95,792$94,938$94,106$93,293$92,500$90,781
2 years$47,422$46,538$45,683$44,853$44,048$42,322
3 years$31,300$30,413$29,560$28,738$27,946$26,267
4 years$23,241$22,357$21,512$20,704$19,931$18,313
5 years$18,407$17,528$16,694$15,902$15,151$13,598
6 years$15,185$14,313$13,491$12,717$11,989$10,502
7 years$12,885$12,020$11,211$10,456$9,750$8,331
8 years$11,161$10,303$9,508$8,771$8,089$6,736
9 years$9,820$8,971$8,189$7,471$6,812$5,525
10 years$8,748$7,908$7,140$6,440$5,804$4,582
11 years$7,872$7,040$6,286$5,605$4,992$3,832
12 years$7,142$6,318$5,578$4,916$4,326$3,228
13 years$6,525$5,710$4,984$4,340$3,772$2,734
14 years$5,997$5,190$4,478$3,853$3,307$2,327
15 years$5,539$4,741$4,043$3,436$2,911$1,988
16 years$5,139$4,350$3,666$3,077$2,573$1,703
17 years$4,787$4,006$3,336$2,764$2,281$1,464
18 years$4,474$3,702$3,045$2,491$2,029$1,261
19 years$4,194$3,431$2,788$2,251$1,808$1,088
20 years$3,942$3,188$2,558$2,039$1,615$940
21 years$3,715$2,970$2,353$1,850$1,445$814
22 years$3,509$2,772$2,169$1,682$1,295$705
23 years$3,321$2,593$2,002$1,532$1,163$612
24 years$3,149$2,429$1,852$1,397$1,045$531
25 years$2,991$2,280$1,715$1,276$941$462
26 years$2,845$2,143$1,591$1,167$847$401
27 years$2,710$2,016$1,477$1,068$764$349
28 years$2,585$1,900$1,373$979$689$304
29 years$2,469$1,792$1,278$897$622$265
30 years$2,361$1,693$1,190$824$562$231
31 years$2,260$1,600$1,110$756$508$201
32 years$2,166$1,514$1,035$695$460$175
33 years$2,077$1,434$967$639$416$153
34 years$1,994$1,359$903$588$377$133
35 years$1,916$1,289$844$541$341$116
36 years$1,842$1,223$790$499$309$101
37 years$1,773$1,162$739$459$280$88
38 years$1,707$1,104$692$423$254$77
39 years$1,645$1,050$649$390$230$67
40 years$1,586$999$608$360$209$59
41 years$1,530$951$570$332$190$51
42 years$1,477$906$535$307$172$45
43 years$1,426$863$502$283$156$39
44 years$1,378$823$471$261$142$34
45 years$1,332$784$442$241$129$30
46 years$1,289$748$415$223$117$26
47 years$1,247$714$390$206$106$23
48 years$1,207$682$367$190$96$20
49 years$1,169$651$345$176$87$17
50 years$1,133$622$324$163$79$15

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 $4,665 every year, while hoping to spend $28,323 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: 62/24/14 Blend
76$1,160,000$1,160,000$1,160,000$1,160,000
77$1,283,132$1,221,652$1,203,672$1,358,026
78$1,383,876$1,251,377$1,213,860$1,438,601
79$1,493,947$1,281,610$1,223,439$1,522,879
80$1,614,265$1,312,345$1,232,360$1,614,192
81$1,745,846$1,343,576$1,240,571$1,713,225
82$1,889,807$1,375,296$1,248,014$1,820,730
83$2,047,377$1,407,495$1,254,632$1,937,538
84$2,219,911$1,440,163$1,260,363$2,064,562
85$2,408,899$1,473,289$1,265,143$2,202,809
86$2,615,985$1,506,858$1,268,904$2,353,388
87$2,842,977$1,540,856$1,271,574$2,517,520
88$3,091,868$1,575,265$1,273,078$2,696,553
89$3,364,851$1,610,065$1,273,339$2,891,968
90$3,664,343$1,645,236$1,272,273$3,105,399
91$3,993,005$1,680,752$1,269,794$3,338,648
92$4,353,771$1,716,588$1,265,811$3,593,696
93$4,749,870$1,752,715$1,260,230$3,872,731
94$5,184,859$1,789,100$1,252,950$4,178,160
95$5,662,657$1,825,709$1,243,866$4,512,638
96$6,187,583$1,862,503$1,232,871$4,879,089
97$6,764,392$1,899,442$1,219,848$5,280,736
98$7,398,325$1,936,479$1,204,677$5,721,130
99$8,095,154$1,973,566$1,187,233$6,204,185
100$8,861,238$2,010,650$1,167,385$6,734,214