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%12.1%
1 years$127,172$126,039$124,934$123,855$122,802$121,722
2 years$62,956$61,784$60,647$59,546$58,477$57,389
3 years$41,554$40,376$39,243$38,152$37,100$36,038
4 years$30,855$29,681$28,559$27,486$26,460$25,431
5 years$24,437$23,270$22,163$21,112$20,115$19,122
6 years$20,160$19,002$17,911$16,883$15,916$14,961
7 years$17,106$15,958$14,884$13,881$12,944$12,028
8 years$14,817$13,679$12,623$11,644$10,738$9,860
9 years$13,037$11,910$10,872$9,918$9,043$8,203
10 years$11,614$10,498$9,478$8,550$7,705$6,903
11 years$10,451$9,346$8,345$7,441$6,627$5,861
12 years$9,482$8,388$7,406$6,527$5,743$5,013
13 years$8,663$7,580$6,617$5,762$5,008$4,314
14 years$7,961$6,890$5,945$5,115$4,390$3,730
15 years$7,354$6,295$5,368$4,562$3,865$3,239
16 years$6,823$5,775$4,866$4,084$3,416$2,822
17 years$6,355$5,319$4,428$3,670$3,029$2,467
18 years$5,939$4,915$4,042$3,307$2,693$2,161
19 years$5,568$4,555$3,701$2,988$2,400$1,898
20 years$5,234$4,233$3,396$2,707$2,144$1,670
21 years$4,932$3,943$3,124$2,456$1,919$1,472
22 years$4,658$3,680$2,879$2,233$1,720$1,299
23 years$4,409$3,442$2,658$2,034$1,544$1,148
24 years$4,180$3,225$2,459$1,855$1,388$1,015
25 years$3,970$3,026$2,277$1,694$1,249$899
26 years$3,777$2,844$2,112$1,549$1,125$797
27 years$3,598$2,677$1,961$1,418$1,014$707
28 years$3,432$2,522$1,823$1,299$915$627
29 years$3,278$2,380$1,697$1,191$826$557
30 years$3,135$2,247$1,580$1,093$747$495
31 years$3,001$2,124$1,473$1,004$675$440
32 years$2,875$2,010$1,375$923$611$391
33 years$2,758$1,904$1,283$849$553$348
34 years$2,648$1,804$1,199$781$500$309
35 years$2,544$1,711$1,121$719$453$275
36 years$2,446$1,624$1,049$662$411$245
37 years$2,354$1,543$982$610$372$218
38 years$2,266$1,466$919$562$337$194
39 years$2,184$1,394$861$518$306$173
40 years$2,105$1,326$807$478$277$154
41 years$2,031$1,263$757$441$252$138
42 years$1,961$1,202$710$407$228$123
43 years$1,894$1,146$666$376$207$109
44 years$1,830$1,092$625$347$188$97
45 years$1,769$1,041$587$320$171$87
46 years$1,711$993$552$296$155$77
47 years$1,656$948$518$273$141$69
48 years$1,603$905$487$253$128$62
49 years$1,552$864$458$234$116$55
50 years$1,504$826$430$216$106$49

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 $5,487 every year, while hoping to spend $20,145 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: 62/15/23 Blend
76$1,540,000$1,540,000$1,540,000$1,540,000
77$1,702,740$1,621,120$1,597,250$1,797,694
78$1,854,985$1,679,121$1,629,324$1,920,586
79$2,022,084$1,739,288$1,661,797$2,051,994
80$2,205,531$1,801,708$1,694,661$2,195,021
81$2,406,971$1,866,467$1,727,908$2,350,802
82$2,628,217$1,933,659$1,761,528$2,520,588
83$2,871,266$2,003,379$1,795,510$2,705,757
84$3,138,317$2,075,726$1,829,841$2,907,823
85$3,431,794$2,150,806$1,864,510$3,128,457
86$3,754,367$2,228,725$1,899,501$3,369,495
87$4,108,977$2,309,597$1,934,799$3,632,963
88$4,498,865$2,393,540$1,970,387$3,921,087
89$4,927,601$2,480,675$2,006,246$4,236,323
90$5,399,118$2,571,129$2,042,357$4,581,374
91$5,917,750$2,665,037$2,078,698$4,959,215
92$6,488,272$2,762,535$2,115,246$5,373,127
93$7,115,945$2,863,769$2,151,976$5,826,720
94$7,806,566$2,968,888$2,188,861$6,323,972
95$8,566,521$3,078,048$2,225,874$6,869,265
96$9,402,847$3,191,414$2,262,982$7,467,425
97$10,323,299$3,309,155$2,300,153$8,123,769
98$11,336,420$3,431,448$2,337,352$8,844,155
99$12,451,624$3,558,478$2,374,543$9,635,033
100$13,679,283$3,690,437$2,411,684$10,503,513