Can I retire at age 77 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$104,875$103,941$103,030$102,140$101,272$100,633
2 years$51,919$50,952$50,014$49,106$48,225$47,581
3 years$34,269$33,297$32,363$31,463$30,596$29,966
4 years$25,445$24,477$23,552$22,667$21,821$21,211
5 years$20,153$19,190$18,277$17,410$16,588$15,999
6 years$16,625$15,670$14,771$13,923$13,126$12,558
7 years$14,107$13,160$12,274$11,447$10,675$10,129
8 years$12,219$11,281$10,410$9,603$8,856$8,332
9 years$10,751$9,822$8,966$8,179$7,458$6,956
10 years$9,578$8,657$7,817$7,051$6,354$5,875
11 years$8,618$7,707$6,882$6,136$5,465$5,007
12 years$7,819$6,918$6,107$5,382$4,736$4,298
13 years$7,144$6,251$5,456$4,752$4,130$3,713
14 years$6,565$5,682$4,903$4,218$3,620$3,223
15 years$6,064$5,191$4,426$3,762$3,187$2,810
16 years$5,627$4,763$4,013$3,368$2,817$2,459
17 years$5,241$4,386$3,652$3,026$2,498$2,158
18 years$4,898$4,053$3,334$2,727$2,221$1,899
19 years$4,592$3,756$3,052$2,464$1,980$1,675
20 years$4,316$3,491$2,801$2,232$1,768$1,480
21 years$4,068$3,251$2,576$2,026$1,582$1,310
22 years$3,842$3,035$2,374$1,842$1,418$1,161
23 years$3,636$2,839$2,192$1,677$1,273$1,031
24 years$3,447$2,660$2,028$1,530$1,144$916
25 years$3,274$2,496$1,878$1,397$1,030$815
26 years$3,115$2,346$1,742$1,277$928$726
27 years$2,967$2,208$1,617$1,169$836$647
28 years$2,831$2,080$1,503$1,071$755$577
29 years$2,704$1,962$1,399$982$681$514
30 years$2,585$1,853$1,303$902$616$459
31 years$2,475$1,752$1,215$828$557$410
32 years$2,371$1,658$1,134$761$503$367
33 years$2,274$1,570$1,058$700$456$328
34 years$2,183$1,488$989$644$413$293
35 years$2,098$1,411$925$593$374$262
36 years$2,017$1,339$865$546$339$235
37 years$1,941$1,272$810$503$307$210
38 years$1,869$1,209$758$464$278$188
39 years$1,801$1,150$710$427$252$168
40 years$1,736$1,094$666$394$229$151
41 years$1,675$1,041$624$364$208$135
42 years$1,617$992$586$336$188$121
43 years$1,562$945$549$310$171$108
44 years$1,509$901$516$286$155$97
45 years$1,459$859$484$264$141$87
46 years$1,411$819$455$244$128$78
47 years$1,365$782$427$226$116$70
48 years$1,322$746$402$208$105$63
49 years$1,280$713$377$193$96$56
50 years$1,240$681$355$178$87$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,270,000, adding $6,897 every year, while hoping to spend $53,079 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: 54/33/13 Blend
76$1,270,000$1,270,000$1,270,000$1,270,000
77$1,406,654$1,339,344$1,319,659$1,477,478
78$1,493,657$1,348,496$1,307,392$1,535,579
79$1,587,756$1,356,318$1,292,935$1,592,475
80$1,689,617$1,362,688$1,276,159$1,653,181
81$1,799,976$1,367,477$1,256,928$1,718,070
82$1,919,638$1,370,549$1,235,100$1,787,557
83$2,049,493$1,371,757$1,210,527$1,862,099
84$2,190,515$1,370,947$1,183,053$1,942,204
85$2,343,778$1,367,954$1,152,516$2,028,431
86$2,510,464$1,362,604$1,118,746$2,121,401
87$2,691,872$1,354,713$1,081,565$2,221,798
88$2,889,432$1,344,082$1,040,786$2,330,381
89$3,104,717$1,330,505$996,216$2,447,988
90$3,339,458$1,313,761$947,650$2,575,546
91$3,595,563$1,293,615$894,876$2,714,079
92$3,875,128$1,269,819$837,671$2,864,721
93$4,180,462$1,242,111$775,804$3,028,723
94$4,514,107$1,210,213$709,032$3,207,469
95$4,878,862$1,173,830$637,101$3,402,490
96$5,277,808$1,132,650$559,746$3,615,474
97$5,714,338$1,086,343$476,690$3,848,290
98$6,192,187$1,034,560$387,646$4,103,002
99$6,715,468$976,932$292,310$4,381,888
100$7,288,712$913,068$190,369$4,687,468