Can I retire at age 77 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$134,604$133,405$132,235$131,093$129,978$127,668
2 years$66,636$65,395$64,192$63,026$61,895$59,574
3 years$43,982$42,736$41,536$40,381$39,268$37,011
4 years$32,658$31,416$30,228$29,092$28,007$25,829
5 years$25,865$24,630$23,458$22,346$21,290$19,200
6 years$21,338$20,112$18,958$17,870$16,846$14,844
7 years$18,106$16,890$15,754$14,692$13,700$11,788
8 years$15,683$14,478$13,361$12,325$11,366$9,542
9 years$13,799$12,606$11,507$10,498$9,572$7,836
10 years$12,293$11,111$10,032$9,049$8,156$6,506
11 years$11,061$9,892$8,832$7,876$7,014$5,449
12 years$10,036$8,878$7,839$6,908$6,078$4,596
13 years$9,169$8,023$7,003$6,099$5,300$3,898
14 years$8,426$7,293$6,292$5,414$4,646$3,322
15 years$7,784$6,662$5,681$4,828$4,091$2,841
16 years$7,222$6,113$5,151$4,323$3,616$2,439
17 years$6,726$5,629$4,687$3,884$3,206$2,098
18 years$6,286$5,202$4,279$3,500$2,850$1,810
19 years$5,893$4,821$3,917$3,163$2,541$1,564
20 years$5,540$4,480$3,595$2,865$2,269$1,354
21 years$5,221$4,173$3,306$2,600$2,031$1,174
22 years$4,931$3,895$3,047$2,364$1,820$1,019
23 years$4,666$3,643$2,814$2,153$1,634$885
24 years$4,425$3,413$2,602$1,964$1,469$770
25 years$4,202$3,203$2,410$1,793$1,322$670
26 years$3,998$3,011$2,235$1,640$1,190$583
27 years$3,808$2,833$2,076$1,501$1,073$508
28 years$3,633$2,670$1,930$1,375$968$443
29 years$3,470$2,519$1,796$1,261$875$387
30 years$3,318$2,379$1,673$1,157$790$337
31 years$3,176$2,249$1,559$1,063$714$294
32 years$3,043$2,128$1,455$977$646$257
33 years$2,919$2,015$1,358$898$585$224
34 years$2,802$1,910$1,269$826$529$196
35 years$2,692$1,811$1,187$761$480$171
36 years$2,589$1,719$1,110$701$435$150
37 years$2,491$1,633$1,039$646$394$131
38 years$2,399$1,552$973$595$357$114
39 years$2,311$1,476$912$549$324$100
40 years$2,228$1,404$854$506$294$87
41 years$2,150$1,336$801$467$266$76
42 years$2,075$1,273$752$431$242$67
43 years$2,004$1,213$705$398$219$58
44 years$1,937$1,156$662$367$199$51
45 years$1,872$1,102$622$339$181$45
46 years$1,811$1,052$584$313$164$39
47 years$1,752$1,003$548$289$149$34
48 years$1,696$958$515$267$135$30
49 years$1,643$915$484$247$123$26
50 years$1,591$874$455$228$112$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,630,000, adding $5,384 every year, while hoping to spend $41,394 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: 52/21/27 Blend
76$1,630,000$1,630,000$1,630,000$1,630,000
77$1,801,814$1,715,424$1,690,159$1,881,630
78$1,941,556$1,755,436$1,702,736$1,977,622
79$2,094,164$1,796,023$1,714,347$2,077,354
80$2,260,908$1,837,166$1,724,917$2,185,021
81$2,443,183$1,878,850$1,734,364$2,301,397
82$2,642,527$1,921,054$1,742,605$2,427,337
83$2,860,634$1,963,755$1,749,552$2,563,779
84$3,099,368$2,006,928$1,755,111$2,711,763
85$3,360,782$2,050,546$1,759,185$2,872,430
86$3,647,136$2,094,577$1,761,673$3,047,041
87$3,960,921$2,138,987$1,762,465$3,236,985
88$4,304,877$2,183,740$1,761,450$3,443,793
89$4,682,025$2,228,794$1,758,509$3,669,155
90$5,095,691$2,274,104$1,753,518$3,914,932
91$5,549,537$2,319,622$1,746,348$4,183,176
92$6,047,600$2,365,293$1,736,860$4,476,150
93$6,594,324$2,411,061$1,724,913$4,796,348
94$7,194,604$2,456,862$1,710,357$5,146,520
95$7,853,834$2,502,628$1,693,034$5,529,698
96$8,577,955$2,548,287$1,672,781$5,949,225
97$9,373,512$2,593,758$1,649,424$6,408,786
98$10,247,714$2,638,957$1,622,785$6,912,443
99$11,208,506$2,683,791$1,592,673$7,464,676
100$12,264,637$2,728,160$1,558,891$8,070,421