Can I retire at age 77 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$132,952$131,768$130,613$129,485$128,384$126,517
2 years$65,818$64,592$63,404$62,252$61,135$59,259
3 years$43,443$42,212$41,027$39,886$38,787$36,959
4 years$32,257$31,030$29,857$28,735$27,663$25,897
5 years$25,548$24,328$23,170$22,072$21,029$19,331
6 years$21,076$19,866$18,725$17,651$16,639$15,011
7 years$17,884$16,683$15,561$14,512$13,532$11,974
8 years$15,490$14,300$13,197$12,173$11,226$9,738
9 years$13,630$12,451$11,366$10,369$9,454$8,035
10 years$12,142$10,975$9,909$8,938$8,055$6,704
11 years$10,926$9,770$8,724$7,779$6,928$5,643
12 years$9,913$8,769$7,742$6,823$6,004$4,784
13 years$9,056$7,925$6,917$6,024$5,235$4,079
14 years$8,323$7,204$6,215$5,347$4,589$3,494
15 years$7,688$6,581$5,611$4,769$4,041$3,006
16 years$7,133$6,038$5,088$4,270$3,571$2,594
17 years$6,644$5,560$4,630$3,837$3,166$2,245
18 years$6,209$5,138$4,226$3,458$2,815$1,947
19 years$5,821$4,762$3,869$3,124$2,509$1,693
20 years$5,472$4,425$3,551$2,830$2,242$1,474
21 years$5,157$4,122$3,266$2,568$2,006$1,286
22 years$4,870$3,847$3,010$2,335$1,798$1,123
23 years$4,609$3,598$2,779$2,126$1,614$981
24 years$4,370$3,372$2,570$1,939$1,451$859
25 years$4,151$3,164$2,381$1,771$1,305$752
26 years$3,949$2,974$2,208$1,619$1,176$659
27 years$3,762$2,799$2,050$1,482$1,060$578
28 years$3,588$2,637$1,906$1,358$957$507
29 years$3,427$2,488$1,774$1,245$864$445
30 years$3,277$2,349$1,652$1,143$780$391
31 years$3,137$2,221$1,540$1,050$706$344
32 years$3,006$2,102$1,437$965$638$302
33 years$2,883$1,990$1,342$887$578$266
34 years$2,768$1,886$1,254$816$523$234
35 years$2,659$1,789$1,172$751$474$206
36 years$2,557$1,698$1,096$692$429$181
37 years$2,461$1,613$1,026$638$389$159
38 years$2,369$1,533$961$588$353$140
39 years$2,283$1,457$900$542$320$123
40 years$2,201$1,387$844$500$290$108
41 years$2,123$1,320$791$461$263$96
42 years$2,050$1,257$742$426$239$84
43 years$1,980$1,198$697$393$217$74
44 years$1,913$1,142$654$363$197$65
45 years$1,849$1,089$614$335$179$57
46 years$1,789$1,039$577$309$162$51
47 years$1,731$991$542$286$147$45
48 years$1,675$946$509$264$134$39
49 years$1,623$904$479$244$121$35
50 years$1,572$863$450$226$110$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,610,000, adding $5,864 every year, while hoping to spend $45,228 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: 43/39/18 Blend
76$1,610,000$1,610,000$1,610,000$1,610,000
77$1,780,269$1,694,939$1,669,984$1,847,264
78$1,913,734$1,729,868$1,677,806$1,929,991
79$2,059,297$1,764,994$1,684,374$2,014,664
80$2,218,143$1,800,277$1,689,599$2,105,450
81$2,391,579$1,835,676$1,693,386$2,202,932
82$2,581,042$1,871,146$1,695,636$2,307,755
83$2,788,114$1,906,638$1,696,246$2,420,630
84$3,014,537$1,942,099$1,695,106$2,542,341
85$3,262,230$1,977,471$1,692,102$2,673,751
86$3,533,304$2,012,694$1,687,113$2,815,814
87$3,830,084$2,047,699$1,680,015$2,969,581
88$4,155,133$2,082,416$1,670,676$3,136,212
89$4,511,269$2,116,767$1,658,956$3,316,987
90$4,901,599$2,150,669$1,644,711$3,513,315
91$5,329,543$2,184,033$1,627,790$3,726,754
92$5,798,869$2,216,764$1,608,034$3,959,021
93$6,313,726$2,248,758$1,585,276$4,212,008
94$6,878,685$2,279,906$1,559,341$4,487,804
95$7,498,780$2,310,090$1,530,048$4,788,713
96$8,179,557$2,339,185$1,497,206$5,117,277
97$8,927,123$2,367,057$1,460,614$5,476,297
98$9,748,209$2,393,562$1,420,063$5,868,865
99$10,650,226$2,418,547$1,375,336$6,298,390
100$11,641,342$2,441,848$1,326,202$6,768,634