Can I retire at age 77 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$124,694$123,584$122,500$121,442$120,410$119,751
2 years$61,730$60,580$59,466$58,386$57,338$56,673
3 years$40,744$39,590$38,478$37,408$36,377$35,728
4 years$30,254$29,103$28,002$26,951$25,945$25,315
5 years$23,961$22,817$21,731$20,701$19,723$19,114
6 years$19,767$18,632$17,562$16,554$15,606$15,020
7 years$16,773$15,647$14,594$13,610$12,692$12,128
8 years$14,528$13,412$12,377$11,417$10,529$9,988
9 years$12,783$11,678$10,660$9,725$8,867$8,348
10 years$11,388$10,293$9,294$8,383$7,555$7,059
11 years$10,247$9,164$8,182$7,296$6,498$6,023
12 years$9,297$8,225$7,261$6,399$5,631$5,177
13 years$8,494$7,433$6,488$5,650$4,910$4,478
14 years$7,806$6,756$5,829$5,015$4,304$3,892
15 years$7,211$6,172$5,263$4,473$3,790$3,398
16 years$6,690$5,663$4,772$4,005$3,349$2,977
17 years$6,231$5,215$4,342$3,598$2,970$2,616
18 years$5,823$4,819$3,964$3,243$2,641$2,306
19 years$5,459$4,466$3,629$2,930$2,354$2,036
20 years$5,132$4,150$3,330$2,654$2,102$1,802
21 years$4,836$3,866$3,063$2,408$1,881$1,597
22 years$4,568$3,608$2,823$2,190$1,686$1,418
23 years$4,323$3,375$2,607$1,994$1,514$1,261
24 years$4,099$3,162$2,411$1,819$1,361$1,122
25 years$3,893$2,967$2,233$1,661$1,224$1,000
26 years$3,703$2,789$2,071$1,519$1,103$892
27 years$3,528$2,625$1,923$1,390$994$796
28 years$3,365$2,473$1,788$1,274$897$711
29 years$3,214$2,333$1,664$1,168$810$635
30 years$3,074$2,204$1,549$1,072$732$568
31 years$2,942$2,083$1,445$985$662$508
32 years$2,819$1,971$1,348$905$599$455
33 years$2,704$1,867$1,258$832$542$407
34 years$2,596$1,769$1,176$766$491$365
35 years$2,494$1,678$1,099$705$444$327
36 years$2,398$1,593$1,028$649$403$293
37 years$2,308$1,513$963$598$365$263
38 years$2,222$1,438$901$551$331$236
39 years$2,141$1,367$844$508$300$211
40 years$2,064$1,301$792$469$272$189
41 years$1,992$1,238$742$433$247$170
42 years$1,922$1,179$696$399$224$153
43 years$1,857$1,123$653$368$203$137
44 years$1,794$1,071$613$340$184$123
45 years$1,734$1,021$576$314$167$110
46 years$1,678$974$541$290$152$99
47 years$1,623$930$508$268$138$89
48 years$1,571$887$477$248$125$80
49 years$1,522$847$449$229$114$72
50 years$1,474$809$422$212$103$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,510,000, adding $5,137 every year, while hoping to spend $24,991 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: 71/23/6 Blend
76$1,510,000$1,510,000$1,510,000$1,510,000
77$1,669,319$1,589,289$1,565,884$1,786,202
78$1,812,999$1,640,574$1,591,751$1,915,331
79$1,970,497$1,693,534$1,617,647$2,053,016
80$2,143,196$1,748,225$1,643,546$2,203,015
81$2,332,619$1,804,705$1,669,422$2,366,531
82$2,540,444$1,863,034$1,695,245$2,544,890
83$2,768,519$1,923,272$1,720,985$2,739,552
84$3,018,879$1,985,484$1,746,610$2,952,121
85$3,293,767$2,049,735$1,772,084$3,184,367
86$3,595,654$2,116,094$1,797,370$3,438,237
87$3,927,259$2,184,631$1,822,431$3,715,873
88$4,291,580$2,255,419$1,847,223$4,019,637
89$4,691,920$2,328,533$1,871,704$4,352,127
90$5,131,917$2,404,052$1,895,827$4,716,207
91$5,615,578$2,482,056$1,919,543$5,115,028
92$6,147,319$2,562,629$1,942,800$5,552,062
93$6,732,005$2,645,857$1,965,542$6,031,133
94$7,374,994$2,731,829$1,987,713$6,556,453
95$8,082,193$2,820,639$2,009,251$7,132,660
96$8,860,108$2,912,380$2,030,092$7,764,864
97$9,715,905$3,007,154$2,050,166$8,458,693
98$10,657,484$3,105,061$2,069,404$9,220,348
99$11,693,547$3,206,208$2,087,728$10,056,658
100$12,833,682$3,310,705$2,105,060$10,975,146