Can I retire at age 77 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$109,004$108,033$107,086$106,161$105,259$103,900
2 years$53,963$52,958$51,984$51,039$50,123$48,757
3 years$35,618$34,608$33,637$32,701$31,800$30,468
4 years$26,447$25,441$24,479$23,559$22,680$21,392
5 years$20,946$19,946$18,997$18,096$17,241$16,002
6 years$17,280$16,287$15,352$14,471$13,642$12,452
7 years$14,662$13,678$12,758$11,898$11,095$9,955
8 years$12,700$11,725$10,820$9,981$9,204$8,115
9 years$11,175$10,208$9,319$8,501$7,751$6,711
10 years$9,955$8,998$8,124$7,328$6,604$5,613
11 years$8,958$8,011$7,153$6,378$5,680$4,737
12 years$8,127$7,190$6,348$5,594$4,922$4,026
13 years$7,425$6,498$5,671$4,939$4,292$3,442
14 years$6,824$5,906$5,096$4,384$3,763$2,957
15 years$6,303$5,395$4,601$3,910$3,313$2,550
16 years$5,848$4,950$4,171$3,501$2,928$2,207
17 years$5,447$4,559$3,796$3,146$2,596$1,915
18 years$5,091$4,213$3,465$2,835$2,308$1,666
19 years$4,772$3,904$3,172$2,561$2,057$1,453
20 years$4,486$3,628$2,911$2,320$1,838$1,269
21 years$4,228$3,379$2,678$2,105$1,645$1,110
22 years$3,993$3,154$2,468$1,914$1,474$972
23 years$3,779$2,950$2,279$1,743$1,323$852
24 years$3,583$2,764$2,107$1,590$1,189$748
25 years$3,403$2,594$1,952$1,452$1,070$657
26 years$3,237$2,438$1,810$1,328$964$578
27 years$3,084$2,294$1,681$1,215$869$509
28 years$2,942$2,162$1,563$1,114$784$448
29 years$2,810$2,040$1,454$1,021$708$394
30 years$2,687$1,926$1,355$937$640$348
31 years$2,572$1,821$1,263$861$579$306
32 years$2,465$1,723$1,178$791$523$270
33 years$2,364$1,632$1,100$727$474$238
34 years$2,269$1,546$1,028$669$429$210
35 years$2,180$1,467$961$616$388$186
36 years$2,096$1,392$899$567$352$164
37 years$2,017$1,322$841$523$319$145
38 years$1,943$1,257$788$482$289$128
39 years$1,872$1,195$738$444$262$113
40 years$1,805$1,137$692$410$238$100
41 years$1,741$1,082$649$378$216$88
42 years$1,681$1,031$609$349$196$78
43 years$1,623$982$571$322$178$69
44 years$1,568$936$536$297$161$61
45 years$1,516$893$503$275$146$54
46 years$1,466$852$473$254$133$47
47 years$1,419$813$444$234$121$42
48 years$1,374$776$417$217$110$37
49 years$1,330$741$392$200$100$33
50 years$1,289$708$369$185$90$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,320,000, adding $4,206 every year, while hoping to spend $52,433 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: 80/15/5 Blend
76$1,320,000$1,320,000$1,320,000$1,320,000
77$1,458,978$1,389,018$1,368,558$1,575,125
78$1,552,006$1,401,292$1,358,617$1,664,004
79$1,652,765$1,412,410$1,346,585$1,754,120
80$1,761,989$1,422,260$1,332,337$1,851,390
81$1,880,483$1,430,722$1,315,742$1,956,498
82$2,009,136$1,437,671$1,296,663$2,070,200
83$2,148,922$1,442,970$1,274,955$2,193,328
84$2,300,913$1,446,478$1,250,468$2,326,796
85$2,466,291$1,448,040$1,223,043$2,471,614
86$2,646,354$1,447,495$1,192,517$2,628,892
87$2,842,532$1,444,672$1,158,715$2,799,855
88$3,056,396$1,439,387$1,121,458$2,985,852
89$3,289,678$1,431,447$1,080,557$3,188,368
90$3,544,284$1,420,646$1,035,814$3,409,040
91$3,822,309$1,406,765$987,022$3,649,673
92$4,126,063$1,389,575$933,965$3,912,254
93$4,458,087$1,368,830$876,419$4,198,974
94$4,821,179$1,344,270$814,146$4,512,247
95$5,218,420$1,315,620$746,900$4,854,734
96$5,653,202$1,282,589$674,425$5,229,365
97$6,129,261$1,244,868$596,451$5,639,372
98$6,650,710$1,202,131$512,696$6,088,316
99$7,222,079$1,154,032$422,868$6,580,121
100$7,848,357$1,100,206$326,660$7,119,112