Can I retire at age 77 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$130,475$129,313$128,179$127,072$125,991$121,861
2 years$64,592$63,389$62,223$61,092$59,996$55,874
3 years$42,633$41,425$40,262$39,142$38,064$34,080
4 years$31,656$30,452$29,301$28,200$27,147$23,332
5 years$25,072$23,875$22,738$21,660$20,637$17,000
6 years$20,684$19,495$18,376$17,322$16,329$12,874
7 years$17,550$16,372$15,271$14,241$13,280$10,006
8 years$15,202$14,034$12,951$11,947$11,017$7,922
9 years$13,376$12,219$11,154$10,176$9,278$6,358
10 years$11,916$10,771$9,725$8,772$7,905$5,155
11 years$10,722$9,588$8,561$7,634$6,799$4,214
12 years$9,728$8,606$7,598$6,696$5,892$3,467
13 years$8,888$7,777$6,788$5,912$5,138$2,867
14 years$8,168$7,069$6,099$5,248$4,504$2,380
15 years$7,545$6,458$5,507$4,680$3,965$1,982
16 years$7,000$5,925$4,993$4,190$3,505$1,656
17 years$6,520$5,457$4,543$3,765$3,107$1,386
18 years$6,093$5,042$4,147$3,393$2,763$1,162
19 years$5,712$4,673$3,797$3,066$2,463$976
20 years$5,370$4,343$3,484$2,777$2,200$821
21 years$5,060$4,045$3,205$2,520$1,969$691
22 years$4,779$3,776$2,954$2,291$1,765$583
23 years$4,523$3,531$2,727$2,087$1,584$491
24 years$4,289$3,309$2,522$1,903$1,424$415
25 years$4,073$3,105$2,336$1,738$1,281$350
26 years$3,875$2,918$2,167$1,589$1,154$296
27 years$3,692$2,746$2,012$1,455$1,040$250
28 years$3,521$2,588$1,870$1,333$939$211
29 years$3,363$2,441$1,741$1,222$848$179
30 years$3,216$2,306$1,621$1,122$766$151
31 years$3,079$2,180$1,512$1,030$692$128
32 years$2,950$2,062$1,410$947$626$108
33 years$2,830$1,953$1,317$871$567$91
34 years$2,716$1,851$1,230$801$513$77
35 years$2,610$1,756$1,150$737$465$65
36 years$2,509$1,666$1,076$679$421$55
37 years$2,415$1,583$1,007$626$382$47
38 years$2,325$1,504$943$577$346$40
39 years$2,240$1,430$884$532$314$34
40 years$2,160$1,361$828$491$285$28
41 years$2,084$1,295$777$453$258$24
42 years$2,012$1,234$728$418$234$20
43 years$1,943$1,175$684$386$213$17
44 years$1,877$1,120$642$356$193$15
45 years$1,815$1,068$603$329$175$12
46 years$1,755$1,019$566$304$159$10
47 years$1,699$973$532$281$144$9
48 years$1,644$929$500$259$131$8
49 years$1,592$887$470$240$119$6
50 years$1,543$847$441$221$108$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,580,000, adding $3,127 every year, while hoping to spend $55,214 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: 65/10/25 Blend
76$1,580,000$1,580,000$1,580,000$1,580,000
77$1,744,386$1,660,646$1,636,156$1,846,190
78$1,863,566$1,683,270$1,632,219$1,937,847
79$1,993,051$1,705,152$1,626,301$2,031,511
80$2,133,836$1,726,198$1,618,275$2,132,641
81$2,287,012$1,746,306$1,608,012$2,241,975
82$2,453,780$1,765,369$1,595,374$2,360,327
83$2,635,464$1,783,270$1,580,217$2,488,596
84$2,833,519$1,799,888$1,562,392$2,627,772
85$3,049,547$1,815,091$1,541,741$2,778,949
86$3,285,310$1,828,740$1,518,098$2,943,332
87$3,542,749$1,840,685$1,491,292$3,122,252
88$3,824,001$1,850,770$1,461,142$3,317,175
89$4,131,417$1,858,826$1,427,458$3,529,719
90$4,467,586$1,864,673$1,390,043$3,761,671
91$4,835,360$1,868,122$1,348,689$4,014,998
92$5,237,877$1,868,971$1,303,181$4,291,872
93$5,678,594$1,867,004$1,253,291$4,594,689
94$6,161,318$1,861,994$1,198,783$4,926,089
95$6,690,240$1,853,700$1,139,410$5,288,987
96$7,269,976$1,841,863$1,074,913$5,686,596
97$7,905,612$1,826,213$1,005,021$6,122,459
98$8,602,747$1,806,460$929,451$6,600,485
99$9,367,549$1,782,298$847,909$7,124,983
100$10,206,811$1,753,402$760,086$7,700,706