Can I retire at age 77 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$133,778$132,586$131,424$130,289$129,181$124,796
2 years$66,227$64,993$63,798$62,639$61,515$57,141
3 years$43,713$42,474$41,282$40,133$39,028$34,802
4 years$32,458$31,223$30,042$28,914$27,835$23,790
5 years$25,707$24,479$23,314$22,209$21,160$17,307
6 years$21,207$19,989$18,841$17,760$16,743$13,085
7 years$17,995$16,787$15,657$14,602$13,616$10,152
8 years$15,586$14,389$13,279$12,249$11,296$8,023
9 years$13,714$12,528$11,437$10,434$9,513$6,427
10 years$12,217$11,043$9,971$8,994$8,106$5,202
11 years$10,994$9,831$8,778$7,827$6,971$4,244
12 years$9,974$8,824$7,790$6,866$6,041$3,485
13 years$9,113$7,974$6,960$6,061$5,268$2,875
14 years$8,375$7,248$6,254$5,381$4,618$2,382
15 years$7,736$6,622$5,646$4,798$4,066$1,980
16 years$7,177$6,075$5,119$4,297$3,593$1,650
17 years$6,685$5,595$4,658$3,860$3,186$1,378
18 years$6,248$5,170$4,252$3,479$2,833$1,153
19 years$5,857$4,791$3,893$3,144$2,525$967
20 years$5,506$4,452$3,573$2,847$2,255$811
21 years$5,189$4,147$3,286$2,584$2,018$681
22 years$4,900$3,871$3,029$2,349$1,809$573
23 years$4,638$3,621$2,797$2,140$1,624$482
24 years$4,397$3,392$2,586$1,951$1,460$406
25 years$4,177$3,184$2,395$1,782$1,314$342
26 years$3,973$2,992$2,222$1,630$1,183$288
27 years$3,785$2,816$2,063$1,492$1,067$243
28 years$3,611$2,653$1,918$1,367$963$205
29 years$3,449$2,503$1,785$1,253$869$173
30 years$3,298$2,364$1,662$1,150$785$146
31 years$3,157$2,235$1,550$1,056$710$123
32 years$3,025$2,115$1,446$971$642$104
33 years$2,901$2,003$1,350$893$581$88
34 years$2,785$1,898$1,261$821$526$74
35 years$2,676$1,800$1,179$756$477$62
36 years$2,573$1,709$1,103$696$432$53
37 years$2,476$1,623$1,033$642$391$44
38 years$2,384$1,542$967$591$355$38
39 years$2,297$1,467$906$545$322$32
40 years$2,215$1,395$849$503$292$27
41 years$2,137$1,328$796$464$265$23
42 years$2,062$1,265$747$428$240$19
43 years$1,992$1,205$701$395$218$16
44 years$1,925$1,149$658$365$198$14
45 years$1,861$1,095$618$337$180$11
46 years$1,800$1,045$580$311$163$10
47 years$1,742$997$545$288$148$8
48 years$1,686$952$512$266$135$7
49 years$1,633$909$481$246$122$6
50 years$1,582$868$453$227$111$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,620,000, adding $6,262 every year, while hoping to spend $27,156 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: 67/19/14 Blend
76$1,620,000$1,620,000$1,620,000$1,620,000
77$1,791,699$1,705,839$1,680,729$1,905,527
78$1,945,559$1,760,532$1,708,140$2,036,905
79$2,114,202$1,816,994$1,735,559$2,176,717
80$2,299,108$1,875,284$1,762,957$2,328,900
81$2,501,906$1,935,461$1,790,305$2,494,664
82$2,724,390$1,997,589$1,817,570$2,675,343
83$2,968,537$2,061,730$1,844,718$2,872,404
84$3,236,525$2,127,952$1,871,713$3,087,462
85$3,530,751$2,196,322$1,898,516$3,322,296
86$3,853,857$2,266,911$1,925,086$3,578,865
87$4,208,754$2,339,793$1,951,380$3,859,326
88$4,598,646$2,415,043$1,977,351$4,166,054
89$5,027,067$2,492,739$2,002,951$4,501,666
90$5,497,907$2,572,962$2,028,128$4,869,043
91$6,015,451$2,655,795$2,052,829$5,271,359
92$6,584,423$2,741,325$2,076,995$5,712,110
93$7,210,026$2,829,641$2,100,565$6,195,145
94$7,897,990$2,920,835$2,123,476$6,724,707
95$8,654,632$3,015,003$2,145,659$7,305,467
96$9,486,909$3,112,243$2,167,043$7,942,573
97$10,402,488$3,212,657$2,187,553$8,641,693
98$11,409,815$3,316,351$2,207,110$9,409,075
99$12,518,197$3,423,433$2,225,629$10,251,600
100$13,737,889$3,534,017$2,243,023$11,176,847