Can I retire at age 77 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$117,262$116,218$115,199$114,204$113,233$110,811
2 years$58,051$56,969$55,922$54,906$53,920$51,492
3 years$38,316$37,230$36,185$35,179$34,209$31,850
4 years$28,451$27,368$26,333$25,344$24,398$22,127
5 years$22,533$21,457$20,436$19,467$18,547$16,370
6 years$18,589$17,521$16,515$15,568$14,676$12,595
7 years$15,773$14,714$13,724$12,799$11,935$9,951
8 years$13,662$12,613$11,639$10,737$9,902$8,014
9 years$12,021$10,982$10,025$9,145$8,339$6,545
10 years$10,709$9,680$8,740$7,883$7,105$5,405
11 years$9,636$8,617$7,694$6,861$6,110$4,501
12 years$8,743$7,735$6,829$6,018$5,295$3,774
13 years$7,988$6,990$6,101$5,313$4,617$3,182
14 years$7,341$6,354$5,482$4,716$4,048$2,695
15 years$6,781$5,804$4,949$4,206$3,564$2,291
16 years$6,291$5,325$4,487$3,766$3,150$1,954
17 years$5,860$4,904$4,083$3,384$2,793$1,670
18 years$5,476$4,532$3,727$3,049$2,483$1,431
19 years$5,134$4,200$3,412$2,755$2,213$1,229
20 years$4,826$3,903$3,132$2,496$1,977$1,056
21 years$4,548$3,635$2,880$2,265$1,769$909
22 years$4,295$3,393$2,655$2,059$1,586$784
23 years$4,065$3,174$2,451$1,875$1,424$676
24 years$3,855$2,974$2,267$1,711$1,280$584
25 years$3,661$2,791$2,100$1,562$1,151$505
26 years$3,483$2,623$1,947$1,428$1,037$436
27 years$3,318$2,468$1,808$1,307$935$377
28 years$3,165$2,326$1,681$1,198$844$327
29 years$3,023$2,194$1,564$1,098$762$283
30 years$2,891$2,072$1,457$1,008$688$245
31 years$2,767$1,959$1,358$926$622$212
32 years$2,651$1,854$1,267$851$563$184
33 years$2,543$1,755$1,183$782$509$159
34 years$2,441$1,664$1,106$720$461$138
35 years$2,346$1,578$1,034$663$418$120
36 years$2,255$1,498$967$610$379$104
37 years$2,170$1,422$905$562$343$90
38 years$2,090$1,352$848$518$311$78
39 years$2,014$1,285$794$478$282$68
40 years$1,941$1,223$744$441$256$59
41 years$1,873$1,164$698$407$232$51
42 years$1,808$1,109$655$375$211$44
43 years$1,746$1,056$614$347$191$38
44 years$1,687$1,007$577$320$173$33
45 years$1,631$960$541$295$158$29
46 years$1,578$916$509$273$143$25
47 years$1,527$874$478$252$130$22
48 years$1,478$835$449$233$118$19
49 years$1,431$797$422$215$107$16
50 years$1,386$761$397$199$97$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,420,000, adding $3,644 every year, while hoping to spend $47,264 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: 65/8/27 Blend
76$1,420,000$1,420,000$1,420,000$1,420,000
77$1,568,599$1,493,339$1,471,329$1,659,177
78$1,678,307$1,516,224$1,470,330$1,743,687
79$1,797,622$1,538,646$1,467,713$1,830,430
80$1,927,473$1,560,533$1,463,375$1,924,197
81$2,068,883$1,581,807$1,457,206$2,025,687
82$2,222,979$1,602,385$1,449,092$2,135,666
83$2,390,998$1,622,178$1,438,912$2,254,981
84$2,574,307$1,641,091$1,426,542$2,384,567
85$2,774,404$1,659,023$1,411,850$2,525,453
86$2,992,943$1,675,865$1,394,697$2,678,776
87$3,231,743$1,691,502$1,374,939$2,845,788
88$3,492,807$1,705,812$1,352,425$3,027,872
89$3,778,339$1,718,662$1,326,997$3,226,553
90$4,090,767$1,729,914$1,298,489$3,443,511
91$4,432,764$1,739,419$1,266,727$3,680,600
92$4,807,275$1,747,019$1,231,531$3,939,867
93$5,217,540$1,752,546$1,192,710$4,223,564
94$5,667,129$1,755,821$1,150,067$4,534,181
95$6,159,975$1,756,655$1,103,393$4,874,459
96$6,700,408$1,754,846$1,052,471$5,247,422
97$7,293,196$1,750,180$997,076$5,656,406
98$7,943,593$1,742,430$936,969$6,105,089
99$8,657,385$1,731,355$871,903$6,597,525
100$9,440,945$1,716,698$801,619$7,138,188