Can I retire at age 77 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$100,746$99,849$98,974$98,119$97,285$96,109
2 years$49,874$48,946$48,045$47,173$46,326$45,143
3 years$32,919$31,987$31,089$30,224$29,391$28,237
4 years$24,443$23,513$22,625$21,775$20,962$19,846
5 years$19,359$18,435$17,558$16,725$15,935$14,860
6 years$15,971$15,053$14,189$13,375$12,609$11,577
7 years$13,552$12,642$11,791$10,996$10,254$9,266
8 years$11,738$10,836$10,000$9,225$8,507$7,561
9 years$10,328$9,435$8,613$7,857$7,164$6,261
10 years$9,201$8,317$7,509$6,773$6,104$5,243
11 years$8,279$7,404$6,611$5,895$5,250$4,430
12 years$7,512$6,645$5,867$5,170$4,549$3,770
13 years$6,863$6,005$5,242$4,565$3,967$3,227
14 years$6,307$5,459$4,710$4,052$3,478$2,776
15 years$5,826$4,987$4,252$3,614$3,062$2,397
16 years$5,405$4,575$3,855$3,236$2,706$2,077
17 years$5,034$4,213$3,508$2,907$2,399$1,806
18 years$4,705$3,893$3,202$2,620$2,133$1,573
19 years$4,411$3,608$2,932$2,367$1,902$1,373
20 years$4,146$3,353$2,691$2,144$1,699$1,201
21 years$3,907$3,123$2,475$1,946$1,520$1,052
22 years$3,690$2,915$2,281$1,769$1,362$923
23 years$3,493$2,727$2,106$1,611$1,223$811
24 years$3,312$2,555$1,948$1,470$1,099$713
25 years$3,145$2,398$1,804$1,342$989$627
26 years$2,992$2,253$1,673$1,227$891$552
27 years$2,850$2,121$1,554$1,123$803$487
28 years$2,719$1,998$1,444$1,029$725$429
29 years$2,597$1,885$1,344$944$655$379
30 years$2,483$1,780$1,252$866$591$334
31 years$2,377$1,683$1,167$795$535$295
32 years$2,278$1,592$1,089$731$484$261
33 years$2,185$1,508$1,017$672$438$230
34 years$2,097$1,429$950$619$396$204
35 years$2,015$1,356$888$569$359$180
36 years$1,938$1,287$831$524$325$159
37 years$1,864$1,222$778$483$295$141
38 years$1,795$1,161$728$445$267$125
39 years$1,730$1,104$682$411$242$110
40 years$1,668$1,051$640$379$220$97
41 years$1,609$1,000$600$349$199$86
42 years$1,553$953$563$323$181$76
43 years$1,500$908$528$298$164$68
44 years$1,450$865$495$275$149$60
45 years$1,401$825$465$254$135$53
46 years$1,355$787$437$234$123$47
47 years$1,312$751$411$217$112$42
48 years$1,270$717$386$200$101$37
49 years$1,230$685$363$185$92$33
50 years$1,191$654$341$171$84$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,220,000, adding $3,223 every year, while hoping to spend $49,842 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: 53/38/9 Blend
76$1,220,000$1,220,000$1,220,000$1,220,000
77$1,347,765$1,283,105$1,264,195$1,415,984
78$1,432,205$1,292,945$1,253,514$1,472,497
79$1,523,588$1,301,597$1,240,804$1,528,264
80$1,622,569$1,308,951$1,225,946$1,587,754
81$1,729,868$1,314,887$1,208,813$1,651,330
82$1,846,279$1,319,280$1,189,272$1,719,394
83$1,972,672$1,321,998$1,167,186$1,792,387
84$2,110,007$1,322,898$1,142,409$1,870,801
85$2,259,338$1,321,830$1,114,790$1,955,177
86$2,421,825$1,318,635$1,084,170$2,046,114
87$2,598,745$1,313,141$1,050,383$2,144,276
88$2,791,503$1,305,171$1,013,256$2,250,394
89$3,001,643$1,294,532$972,608$2,365,279
90$3,230,869$1,281,021$928,248$2,489,827
91$3,481,051$1,264,426$879,978$2,625,027
92$3,754,253$1,244,516$827,592$2,771,973
93$4,052,742$1,221,053$770,871$2,931,875
94$4,379,017$1,193,780$709,591$3,106,069
95$4,735,828$1,162,427$643,514$3,296,032
96$5,126,204$1,126,707$572,393$3,503,395
97$5,553,478$1,086,317$495,970$3,729,961
98$6,021,324$1,040,937$413,975$3,977,723
99$6,533,783$990,228$326,128$4,248,880
100$7,095,309$933,829$232,133$4,545,863