Can I retire at age 77 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$103,224$102,304$101,407$100,532$99,677$95,873
2 years$51,101$50,149$49,227$48,333$47,465$43,678
3 years$33,729$32,773$31,853$30,967$30,114$26,462
4 years$25,045$24,092$23,181$22,310$21,477$17,989
5 years$19,835$18,888$17,989$17,136$16,327$13,011
6 years$16,364$15,424$14,538$13,704$12,919$9,777
7 years$13,885$12,953$12,081$11,267$10,506$7,539
8 years$12,027$11,103$10,246$9,451$8,716$5,919
9 years$10,582$9,667$8,825$8,051$7,340$4,710
10 years$9,427$8,521$7,694$6,940$6,254$3,786
11 years$8,483$7,586$6,773$6,040$5,379$3,067
12 years$7,696$6,809$6,011$5,298$4,661$2,499
13 years$7,031$6,153$5,371$4,677$4,065$2,047
14 years$6,462$5,593$4,825$4,152$3,563$1,683
15 years$5,969$5,109$4,357$3,703$3,137$1,388
16 years$5,538$4,688$3,950$3,315$2,773$1,147
17 years$5,158$4,317$3,594$2,979$2,458$951
18 years$4,821$3,989$3,281$2,684$2,186$789
19 years$4,519$3,697$3,004$2,426$1,948$656
20 years$4,248$3,436$2,757$2,197$1,740$546
21 years$4,004$3,200$2,536$1,994$1,557$454
22 years$3,781$2,987$2,337$1,813$1,396$379
23 years$3,579$2,794$2,158$1,651$1,253$316
24 years$3,393$2,618$1,996$1,506$1,126$264
25 years$3,223$2,457$1,848$1,375$1,014$220
26 years$3,066$2,309$1,714$1,257$913$184
27 years$2,921$2,173$1,592$1,151$823$154
28 years$2,786$2,047$1,480$1,054$743$128
29 years$2,661$1,931$1,377$967$671$107
30 years$2,544$1,824$1,283$887$606$90
31 years$2,436$1,724$1,196$815$548$75
32 years$2,334$1,632$1,116$749$496$63
33 years$2,239$1,545$1,042$689$448$52
34 years$2,149$1,464$973$634$406$44
35 years$2,065$1,389$910$583$368$37
36 years$1,985$1,318$851$537$333$31
37 years$1,910$1,252$797$495$302$26
38 years$1,840$1,190$746$456$274$21
39 years$1,772$1,132$699$421$248$18
40 years$1,709$1,077$655$388$225$15
41 years$1,649$1,025$614$358$204$13
42 years$1,591$976$576$330$185$11
43 years$1,537$930$541$305$168$9
44 years$1,485$886$508$282$153$7
45 years$1,436$845$477$260$139$6
46 years$1,389$806$448$240$126$5
47 years$1,344$770$421$222$114$4
48 years$1,301$735$395$205$104$4
49 years$1,260$702$372$190$94$3
50 years$1,220$670$349$175$86$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,250,000, adding $5,692 every year, while hoping to spend $51,070 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: 66/9/25 Blend
76$1,250,000$1,250,000$1,250,000$1,250,000
77$1,383,371$1,317,121$1,297,746$1,465,338
78$1,470,137$1,327,322$1,286,883$1,531,424
79$1,564,041$1,336,311$1,273,944$1,597,365
80$1,665,758$1,343,975$1,258,805$1,668,299
81$1,776,029$1,350,193$1,241,339$1,744,721
82$1,895,669$1,354,838$1,221,409$1,827,177
83$2,025,575$1,357,772$1,198,873$1,916,270
84$2,166,732$1,358,852$1,173,584$2,012,664
85$2,320,225$1,357,922$1,145,386$2,117,095
86$2,487,248$1,354,820$1,114,116$2,230,372
87$2,669,114$1,349,373$1,079,606$2,353,391
88$2,867,267$1,341,396$1,041,676$2,487,140
89$3,083,298$1,330,694$1,000,142$2,632,709
90$3,318,956$1,317,060$954,809$2,791,301
91$3,576,169$1,300,275$905,473$2,964,244
92$3,857,055$1,280,105$851,924$3,153,003
93$4,163,949$1,256,305$793,938$3,359,196
94$4,499,421$1,228,613$731,284$3,584,608
95$4,866,300$1,196,753$663,720$3,831,206
96$5,267,701$1,160,432$590,992$4,101,165
97$5,707,053$1,119,340$512,837$4,396,881
98$6,188,133$1,073,148$428,978$4,721,000
99$6,715,101$1,021,511$339,127$5,076,439
100$7,292,537$964,060$242,983$5,466,417