Can I retire at age 77 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$115,611$114,581$113,576$112,596$111,638$109,473
2 years$57,233$56,167$55,134$54,132$53,161$50,989
3 years$37,776$36,706$35,675$34,683$33,727$31,616
4 years$28,050$26,983$25,963$24,987$24,055$22,020
5 years$22,216$21,155$20,148$19,193$18,286$16,333
6 years$18,327$17,274$16,283$15,349$14,469$12,601
7 years$15,551$14,507$13,531$12,619$11,767$9,984
8 years$13,470$12,435$11,475$10,586$9,762$8,063
9 years$11,852$10,827$9,884$9,017$8,221$6,606
10 years$10,558$9,544$8,617$7,772$7,005$5,471
11 years$9,501$8,496$7,586$6,764$6,024$4,571
12 years$8,620$7,626$6,732$5,933$5,221$3,845
13 years$7,875$6,891$6,015$5,238$4,552$3,253
14 years$7,237$6,264$5,405$4,650$3,991$2,764
15 years$6,685$5,722$4,880$4,147$3,514$2,358
16 years$6,203$5,250$4,424$3,713$3,105$2,018
17 years$5,777$4,835$4,026$3,336$2,753$1,732
18 years$5,399$4,468$3,675$3,007$2,448$1,489
19 years$5,062$4,141$3,364$2,717$2,182$1,283
20 years$4,758$3,848$3,088$2,460$1,949$1,107
21 years$4,484$3,584$2,840$2,233$1,744$957
22 years$4,235$3,346$2,617$2,030$1,563$828
23 years$4,008$3,129$2,417$1,849$1,403$717
24 years$3,800$2,932$2,235$1,686$1,261$622
25 years$3,609$2,751$2,070$1,540$1,135$539
26 years$3,434$2,586$1,920$1,408$1,022$468
27 years$3,271$2,434$1,783$1,289$922$407
28 years$3,120$2,293$1,657$1,181$832$353
29 years$2,980$2,163$1,542$1,083$751$307
30 years$2,850$2,043$1,437$994$679$267
31 years$2,728$1,931$1,339$913$614$232
32 years$2,614$1,827$1,250$839$555$202
33 years$2,507$1,731$1,167$771$502$176
34 years$2,407$1,640$1,090$710$455$153
35 years$2,312$1,556$1,019$653$412$134
36 years$2,224$1,477$953$602$373$116
37 years$2,140$1,402$892$554$338$101
38 years$2,060$1,333$836$511$307$88
39 years$1,985$1,267$783$471$278$77
40 years$1,914$1,206$734$435$252$67
41 years$1,847$1,148$688$401$229$58
42 years$1,782$1,093$646$370$208$51
43 years$1,721$1,042$606$342$188$44
44 years$1,663$993$569$315$171$39
45 years$1,608$947$534$291$155$34
46 years$1,555$903$501$269$141$29
47 years$1,505$862$471$249$128$26
48 years$1,457$823$443$230$116$22
49 years$1,411$786$416$212$106$19
50 years$1,367$751$391$196$96$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,400,000, adding $2,836 every year, while hoping to spend $46,809 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: 55/38/7 Blend
76$1,400,000$1,400,000$1,400,000$1,400,000
77$1,545,725$1,471,525$1,449,825$1,628,106
78$1,653,585$1,493,826$1,448,590$1,706,343
79$1,770,877$1,515,650$1,445,745$1,786,049
80$1,898,515$1,536,925$1,441,186$1,871,686
81$2,037,503$1,557,574$1,434,804$1,963,824
82$2,188,946$1,577,512$1,426,488$2,063,092
83$2,354,060$1,596,652$1,416,117$2,170,184
84$2,534,183$1,614,897$1,403,566$2,285,863
85$2,730,790$1,632,147$1,388,705$2,410,973
86$2,945,501$1,648,293$1,371,397$2,546,443
87$3,180,102$1,663,219$1,351,499$2,693,300
88$3,436,558$1,676,802$1,328,860$2,852,675
89$3,717,033$1,688,912$1,303,323$3,025,816
90$4,023,910$1,699,409$1,274,724$3,214,099
91$4,359,813$1,708,143$1,242,891$3,419,044
92$4,727,630$1,714,958$1,207,644$3,642,325
93$5,130,542$1,719,685$1,168,794$3,885,791
94$5,572,053$1,722,146$1,126,145$4,151,478
95$6,056,021$1,722,150$1,079,489$4,441,636
96$6,586,697$1,719,496$1,028,613$4,758,745
97$7,168,759$1,713,971$973,291$5,105,539
98$7,807,363$1,705,346$913,287$5,485,037
99$8,508,189$1,693,382$848,357$5,900,565
100$9,277,489$1,677,823$778,241$6,355,795