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

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$117,262$116,218$115,199$114,204$113,233$111,679
2 years$58,051$56,969$55,922$54,906$53,920$52,358
3 years$38,316$37,230$36,185$35,179$34,209$32,686
4 years$28,451$27,368$26,333$25,344$24,398$22,927
5 years$22,533$21,457$20,436$19,467$18,547$17,131
6 years$18,589$17,521$16,515$15,568$14,676$13,317
7 years$15,773$14,714$13,724$12,799$11,935$10,635
8 years$13,662$12,613$11,639$10,737$9,902$8,659
9 years$12,021$10,982$10,025$9,145$8,339$7,153
10 years$10,709$9,680$8,740$7,883$7,105$5,975
11 years$9,636$8,617$7,694$6,861$6,110$5,036
12 years$8,743$7,735$6,829$6,018$5,295$4,275
13 years$7,988$6,990$6,101$5,313$4,617$3,650
14 years$7,341$6,354$5,482$4,716$4,048$3,131
15 years$6,781$5,804$4,949$4,206$3,564$2,697
16 years$6,291$5,325$4,487$3,766$3,150$2,330
17 years$5,860$4,904$4,083$3,384$2,793$2,020
18 years$5,476$4,532$3,727$3,049$2,483$1,755
19 years$5,134$4,200$3,412$2,755$2,213$1,527
20 years$4,826$3,903$3,132$2,496$1,977$1,332
21 years$4,548$3,635$2,880$2,265$1,769$1,163
22 years$4,295$3,393$2,655$2,059$1,586$1,018
23 years$4,065$3,174$2,451$1,875$1,424$891
24 years$3,855$2,974$2,267$1,711$1,280$781
25 years$3,661$2,791$2,100$1,562$1,151$685
26 years$3,483$2,623$1,947$1,428$1,037$601
27 years$3,318$2,468$1,808$1,307$935$528
28 years$3,165$2,326$1,681$1,198$844$464
29 years$3,023$2,194$1,564$1,098$762$408
30 years$2,891$2,072$1,457$1,008$688$359
31 years$2,767$1,959$1,358$926$622$316
32 years$2,651$1,854$1,267$851$563$278
33 years$2,543$1,755$1,183$782$509$245
34 years$2,441$1,664$1,106$720$461$216
35 years$2,346$1,578$1,034$663$418$190
36 years$2,255$1,498$967$610$379$168
37 years$2,170$1,422$905$562$343$148
38 years$2,090$1,352$848$518$311$130
39 years$2,014$1,285$794$478$282$115
40 years$1,941$1,223$744$441$256$101
41 years$1,873$1,164$698$407$232$89
42 years$1,808$1,109$655$375$211$79
43 years$1,746$1,056$614$347$191$69
44 years$1,687$1,007$577$320$173$61
45 years$1,631$960$541$295$158$54
46 years$1,578$916$509$273$143$48
47 years$1,527$874$478$252$130$42
48 years$1,478$835$449$233$118$37
49 years$1,431$797$422$215$107$33
50 years$1,386$761$397$199$97$29

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 $3,329 every year, while hoping to spend $36,589 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: 31/43/26 Blend
76$1,420,000$1,420,000$1,420,000$1,420,000
77$1,568,274$1,493,014$1,471,004$1,604,270
78$1,689,307$1,527,241$1,481,352$1,666,438
79$1,821,460$1,561,919$1,490,821$1,729,846
80$1,965,827$1,597,032$1,499,341$1,797,370
81$2,123,615$1,632,560$1,506,843$1,869,395
82$2,296,152$1,668,483$1,513,250$1,946,345
83$2,484,899$1,704,778$1,518,483$2,028,688
84$2,691,466$1,741,419$1,522,460$2,116,940
85$2,917,625$1,778,379$1,525,092$2,211,670
86$3,165,330$1,815,626$1,526,290$2,313,507
87$3,436,728$1,853,127$1,525,955$2,423,145
88$3,734,188$1,890,844$1,523,989$2,541,347
89$4,060,317$1,928,737$1,520,284$2,668,959
90$4,417,986$1,966,762$1,514,730$2,806,911
91$4,810,359$2,004,871$1,507,211$2,956,232
92$5,240,917$2,043,012$1,497,605$3,118,055
93$5,713,500$2,081,129$1,485,784$3,293,632
94$6,232,334$2,119,160$1,471,614$3,484,343
95$6,802,074$2,157,041$1,454,955$3,691,712
96$7,427,850$2,194,701$1,435,661$3,917,420
97$8,115,312$2,232,063$1,413,577$4,163,321
98$8,870,685$2,269,045$1,388,543$4,431,461
99$9,700,825$2,305,558$1,360,389$4,724,099
100$10,613,288$2,341,509$1,328,941$5,043,725