Can I retire at age 77 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$116,436$115,399$114,387$113,400$112,435$111,868
2 years$57,642$56,568$55,528$54,519$53,541$52,968
3 years$38,046$36,968$35,930$34,931$33,968$33,408
4 years$28,250$27,175$26,148$25,166$24,227$23,683
5 years$22,374$21,306$20,292$19,330$18,417$17,891
6 years$18,458$17,398$16,399$15,458$14,572$14,066
7 years$15,662$14,611$13,628$12,709$11,851$11,364
8 years$13,566$12,524$11,557$10,661$9,832$9,364
9 years$11,937$10,904$9,954$9,081$8,280$7,832
10 years$10,634$9,612$8,678$7,828$7,055$6,626
11 years$9,569$8,557$7,640$6,813$6,067$5,657
12 years$8,681$7,680$6,781$5,976$5,258$4,866
13 years$7,931$6,941$6,058$5,276$4,585$4,211
14 years$7,289$6,309$5,443$4,683$4,019$3,663
15 years$6,733$5,763$4,914$4,176$3,539$3,200
16 years$6,247$5,288$4,456$3,740$3,128$2,805
17 years$5,818$4,870$4,054$3,360$2,773$2,467
18 years$5,438$4,500$3,701$3,028$2,466$2,176
19 years$5,098$4,170$3,388$2,736$2,198$1,923
20 years$4,792$3,875$3,110$2,478$1,963$1,703
21 years$4,516$3,610$2,860$2,249$1,757$1,511
22 years$4,265$3,370$2,636$2,045$1,575$1,342
23 years$4,037$3,151$2,434$1,862$1,414$1,194
24 years$3,827$2,953$2,251$1,698$1,270$1,064
25 years$3,635$2,771$2,085$1,551$1,143$948
26 years$3,458$2,604$1,934$1,418$1,030$846
27 years$3,294$2,451$1,796$1,298$928$756
28 years$3,143$2,309$1,669$1,189$838$676
29 years$3,002$2,179$1,553$1,091$756$604
30 years$2,870$2,058$1,447$1,001$684$541
31 years$2,747$1,945$1,349$919$618$484
32 years$2,633$1,840$1,259$845$559$434
33 years$2,525$1,743$1,175$777$506$389
34 years$2,424$1,652$1,098$715$458$349
35 years$2,329$1,567$1,026$658$415$313
36 years$2,239$1,487$960$606$376$280
37 years$2,155$1,412$899$558$341$252
38 years$2,075$1,342$842$515$309$226
39 years$1,999$1,276$789$475$280$203
40 years$1,928$1,214$739$438$254$182
41 years$1,860$1,156$693$404$230$163
42 years$1,795$1,101$650$373$209$147
43 years$1,734$1,049$610$344$190$132
44 years$1,675$1,000$573$318$172$118
45 years$1,620$953$538$293$156$106
46 years$1,566$910$505$271$142$96
47 years$1,516$868$474$250$129$86
48 years$1,467$829$446$231$117$77
49 years$1,421$791$419$214$106$69
50 years$1,377$756$394$198$97$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,410,000, adding $5,913 every year, while hoping to spend $24,464 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: 80/5/15 Blend
76$1,410,000$1,410,000$1,410,000$1,410,000
77$1,559,919$1,485,189$1,463,334$1,679,433
78$1,693,002$1,531,934$1,486,326$1,805,636
79$1,838,838$1,580,149$1,509,269$1,940,365
80$1,998,705$1,629,881$1,532,134$2,087,531
81$2,174,005$1,681,178$1,554,893$2,248,372
82$2,366,286$1,734,088$1,577,515$2,424,250
83$2,577,251$1,788,663$1,599,966$2,616,662
84$2,808,778$1,844,954$1,622,211$2,827,262
85$3,062,932$1,903,016$1,644,215$3,057,869
86$3,341,992$1,962,905$1,665,936$3,310,488
87$3,648,465$2,024,677$1,687,335$3,587,325
88$3,985,114$2,088,391$1,708,366$3,890,814
89$4,354,983$2,154,110$1,728,984$4,223,633
90$4,761,426$2,221,896$1,749,140$4,588,736
91$5,208,136$2,291,814$1,768,780$4,989,373
92$5,699,183$2,363,930$1,787,852$5,429,129
93$6,239,052$2,438,315$1,806,297$5,911,951
94$6,832,682$2,515,038$1,824,055$6,442,188
95$7,485,515$2,594,175$1,841,060$7,024,633
96$8,203,548$2,675,800$1,857,246$7,664,565
97$8,993,387$2,759,992$1,872,541$8,367,802
98$9,862,312$2,846,831$1,886,871$9,140,754
99$10,818,343$2,936,400$1,900,156$9,990,484
100$11,870,316$3,028,786$1,912,313$10,924,774