Can I retire at age 77 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$118,088$117,036$116,010$115,008$114,030$113,502
2 years$58,459$57,371$56,316$55,292$54,300$53,767
3 years$38,586$37,492$36,440$35,426$34,450$33,929
4 years$28,651$27,561$26,519$25,523$24,570$24,064
5 years$22,692$21,608$20,580$19,604$18,678$18,189
6 years$18,720$17,645$16,631$15,677$14,779$14,308
7 years$15,884$14,818$13,821$12,889$12,019$11,566
8 years$13,758$12,702$11,721$10,812$9,971$9,536
9 years$12,106$11,059$10,095$9,210$8,397$7,980
10 years$10,785$9,748$8,801$7,939$7,155$6,755
11 years$9,704$8,678$7,749$6,909$6,153$5,771
12 years$8,805$7,789$6,877$6,060$5,332$4,967
13 years$8,044$7,039$6,144$5,350$4,650$4,301
14 years$7,393$6,398$5,520$4,749$4,076$3,744
15 years$6,828$5,845$4,984$4,236$3,589$3,273
16 years$6,335$5,363$4,519$3,793$3,172$2,871
17 years$5,901$4,939$4,112$3,408$2,812$2,527
18 years$5,515$4,564$3,754$3,071$2,501$2,230
19 years$5,170$4,230$3,436$2,775$2,229$1,972
20 years$4,860$3,930$3,154$2,513$1,991$1,748
21 years$4,580$3,661$2,901$2,281$1,782$1,552
22 years$4,326$3,417$2,674$2,074$1,597$1,380
23 years$4,094$3,196$2,469$1,889$1,434$1,228
24 years$3,882$2,995$2,283$1,723$1,289$1,095
25 years$3,687$2,810$2,114$1,573$1,159$977
26 years$3,507$2,641$1,961$1,438$1,044$873
27 years$3,341$2,486$1,821$1,317$942$780
28 years$3,187$2,342$1,693$1,206$850$698
29 years$3,044$2,210$1,575$1,106$767$625
30 years$2,911$2,087$1,467$1,015$693$559
31 years$2,786$1,973$1,368$932$627$501
32 years$2,670$1,867$1,276$857$567$449
33 years$2,561$1,768$1,192$788$513$403
34 years$2,458$1,675$1,114$725$465$362
35 years$2,362$1,589$1,041$667$421$325
36 years$2,271$1,508$974$615$381$291
37 years$2,185$1,432$912$566$346$262
38 years$2,104$1,361$854$522$313$235
39 years$2,028$1,295$800$481$284$211
40 years$1,955$1,232$750$444$258$190
41 years$1,886$1,172$703$410$234$171
42 years$1,821$1,117$659$378$212$153
43 years$1,758$1,064$619$349$192$138
44 years$1,699$1,014$581$322$175$124
45 years$1,643$967$545$298$159$111
46 years$1,589$922$512$275$144$100
47 years$1,537$880$481$254$131$90
48 years$1,488$840$452$235$119$81
49 years$1,441$803$425$217$108$73
50 years$1,396$767$400$200$98$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,430,000, adding $5,990 every year, while hoping to spend $35,022 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: 85/10/5 Blend
76$1,430,000$1,430,000$1,430,000$1,430,000
77$1,582,039$1,506,249$1,484,084$1,716,015
78$1,706,143$1,542,792$1,496,537$1,840,793
79$1,841,733$1,579,952$1,508,234$1,972,412
80$1,989,942$1,617,722$1,519,113$2,115,876
81$2,152,020$1,656,093$1,529,106$2,272,352
82$2,329,341$1,695,057$1,538,147$2,443,124
83$2,523,420$1,734,601$1,546,161$2,629,604
84$2,735,925$1,774,712$1,553,073$2,833,350
85$2,968,691$1,815,375$1,558,803$3,056,075
86$3,223,741$1,856,572$1,563,266$3,299,669
87$3,503,301$1,898,283$1,566,374$3,566,209
88$3,809,825$1,940,486$1,568,035$3,857,988
89$4,146,014$1,983,157$1,568,151$4,177,528
90$4,514,844$2,026,267$1,566,620$4,527,607
91$4,919,590$2,069,787$1,563,334$4,911,288
92$5,363,865$2,113,683$1,558,182$5,331,942
93$5,851,643$2,157,917$1,551,045$5,793,284
94$6,387,305$2,202,450$1,541,800$6,299,407
95$6,975,678$2,247,237$1,530,318$6,854,820
96$7,622,075$2,292,230$1,516,462$7,464,490
97$8,332,354$2,337,376$1,500,090$8,133,889
98$9,112,965$2,382,619$1,481,054$8,869,047
99$9,971,016$2,427,895$1,459,198$9,676,607
100$10,914,336$2,473,139$1,434,358$10,563,888