Can I retire at age 77 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$127,172$126,039$124,934$123,855$122,802$121,519
2 years$62,956$61,784$60,647$59,546$58,477$57,186
3 years$41,554$40,376$39,243$38,152$37,100$35,840
4 years$30,855$29,681$28,559$27,486$26,460$25,241
5 years$24,437$23,270$22,163$21,112$20,115$18,939
6 years$20,160$19,002$17,911$16,883$15,916$14,786
7 years$17,106$15,958$14,884$13,881$12,944$11,861
8 years$14,817$13,679$12,623$11,644$10,738$9,701
9 years$13,037$11,910$10,872$9,918$9,043$8,052
10 years$11,614$10,498$9,478$8,550$7,705$6,759
11 years$10,451$9,346$8,345$7,441$6,627$5,725
12 years$9,482$8,388$7,406$6,527$5,743$4,884
13 years$8,663$7,580$6,617$5,762$5,008$4,192
14 years$7,961$6,890$5,945$5,115$4,390$3,615
15 years$7,354$6,295$5,368$4,562$3,865$3,131
16 years$6,823$5,775$4,866$4,084$3,416$2,721
17 years$6,355$5,319$4,428$3,670$3,029$2,371
18 years$5,939$4,915$4,042$3,307$2,693$2,072
19 years$5,568$4,555$3,701$2,988$2,400$1,814
20 years$5,234$4,233$3,396$2,707$2,144$1,591
21 years$4,932$3,943$3,124$2,456$1,919$1,398
22 years$4,658$3,680$2,879$2,233$1,720$1,230
23 years$4,409$3,442$2,658$2,034$1,544$1,084
24 years$4,180$3,225$2,459$1,855$1,388$956
25 years$3,970$3,026$2,277$1,694$1,249$844
26 years$3,777$2,844$2,112$1,549$1,125$745
27 years$3,598$2,677$1,961$1,418$1,014$659
28 years$3,432$2,522$1,823$1,299$915$583
29 years$3,278$2,380$1,697$1,191$826$516
30 years$3,135$2,247$1,580$1,093$747$457
31 years$3,001$2,124$1,473$1,004$675$405
32 years$2,875$2,010$1,375$923$611$359
33 years$2,758$1,904$1,283$849$553$318
34 years$2,648$1,804$1,199$781$500$282
35 years$2,544$1,711$1,121$719$453$250
36 years$2,446$1,624$1,049$662$411$222
37 years$2,354$1,543$982$610$372$197
38 years$2,266$1,466$919$562$337$175
39 years$2,184$1,394$861$518$306$155
40 years$2,105$1,326$807$478$277$138
41 years$2,031$1,263$757$441$252$122
42 years$1,961$1,202$710$407$228$109
43 years$1,894$1,146$666$376$207$97
44 years$1,830$1,092$625$347$188$86
45 years$1,769$1,041$587$320$171$76
46 years$1,711$993$552$296$155$68
47 years$1,656$948$518$273$141$60
48 years$1,603$905$487$253$128$53
49 years$1,552$864$458$234$116$47
50 years$1,504$826$430$216$106$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,540,000, adding $2,334 every year, while hoping to spend $47,753 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: 62/12/26 Blend
76$1,540,000$1,540,000$1,540,000$1,540,000
77$1,699,488$1,617,868$1,593,998$1,792,951
78$1,822,026$1,646,334$1,596,588$1,885,095
79$1,955,464$1,674,595$1,597,664$1,980,236
80$2,100,861$1,702,590$1,597,126$2,083,085
81$2,259,386$1,730,254$1,594,866$2,194,404
82$2,432,323$1,757,517$1,590,775$2,315,031
83$2,621,089$1,784,304$1,584,734$2,445,893
84$2,827,239$1,810,534$1,576,622$2,588,011
85$3,052,490$1,836,122$1,566,311$2,742,511
86$3,298,727$1,860,975$1,553,665$2,910,635
87$3,568,029$1,884,995$1,538,545$3,093,753
88$3,862,684$1,908,076$1,520,803$3,293,376
89$4,185,212$1,930,106$1,500,283$3,511,169
90$4,538,386$1,950,963$1,476,826$3,748,969
91$4,925,262$1,970,521$1,450,260$4,008,803
92$5,349,204$1,988,642$1,420,409$4,292,903
93$5,813,917$2,005,180$1,387,087$4,603,734
94$6,323,483$2,019,980$1,350,100$4,944,012
95$6,882,395$2,032,876$1,309,246$5,316,734
96$7,495,605$2,043,693$1,264,311$5,725,201
97$8,168,566$2,052,242$1,215,074$6,173,058
98$8,907,283$2,058,326$1,161,303$6,664,321
99$9,718,373$2,061,731$1,102,754$7,203,418
100$10,609,125$2,062,234$1,039,174$7,795,233