Can I retire at age 77 with 1,640,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$135,430$134,223$133,046$131,898$130,776$130,170
2 years$67,044$65,796$64,586$63,412$62,274$61,663
3 years$44,252$42,998$41,791$40,629$39,509$38,911
4 years$32,858$31,608$30,413$29,271$28,178$27,598
5 years$26,024$24,781$23,602$22,483$21,421$20,860
6 years$21,469$20,236$19,074$17,980$16,950$16,409
7 years$18,217$16,994$15,850$14,782$13,784$13,265
8 years$15,779$14,567$13,442$12,400$11,436$10,936
9 years$13,884$12,683$11,578$10,562$9,630$9,152
10 years$12,368$11,180$10,094$9,105$8,206$7,747
11 years$11,129$9,953$8,887$7,924$7,057$6,618
12 years$10,098$8,933$7,887$6,950$6,116$5,696
13 years$9,225$8,073$7,046$6,136$5,333$4,933
14 years$8,478$7,338$6,331$5,447$4,675$4,294
15 years$7,831$6,703$5,716$4,858$4,116$3,753
16 years$7,266$6,150$5,182$4,350$3,638$3,293
17 years$6,767$5,664$4,716$3,908$3,225$2,898
18 years$6,325$5,234$4,305$3,522$2,868$2,557
19 years$5,929$4,851$3,941$3,182$2,556$2,262
20 years$5,574$4,507$3,617$2,882$2,283$2,004
21 years$5,253$4,199$3,327$2,616$2,043$1,779
22 years$4,961$3,919$3,066$2,378$1,832$1,582
23 years$4,695$3,666$2,831$2,166$1,644$1,409
24 years$4,452$3,434$2,618$1,976$1,478$1,256
25 years$4,228$3,223$2,425$1,804$1,330$1,121
26 years$4,022$3,029$2,249$1,650$1,198$1,001
27 years$3,832$2,851$2,088$1,510$1,080$895
28 years$3,655$2,686$1,941$1,383$974$800
29 years$3,491$2,534$1,807$1,269$880$716
30 years$3,338$2,393$1,683$1,164$795$642
31 years$3,196$2,262$1,569$1,069$719$575
32 years$3,062$2,141$1,464$983$650$515
33 years$2,937$2,027$1,367$904$588$462
34 years$2,819$1,921$1,277$831$533$415
35 years$2,709$1,822$1,194$765$483$372
36 years$2,605$1,730$1,117$705$437$334
37 years$2,506$1,643$1,045$650$396$300
38 years$2,413$1,561$979$599$359$270
39 years$2,325$1,485$917$552$326$242
40 years$2,242$1,412$860$509$295$218
41 years$2,163$1,345$806$470$268$196
42 years$2,088$1,281$756$434$243$176
43 years$2,017$1,220$710$400$221$158
44 years$1,949$1,163$666$370$200$142
45 years$1,884$1,109$625$341$182$128
46 years$1,822$1,058$587$315$165$115
47 years$1,763$1,010$552$291$150$103
48 years$1,707$964$519$269$136$93
49 years$1,653$920$487$249$124$84
50 years$1,601$879$458$230$112$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,640,000, adding $6,971 every year, while hoping to spend $51,519 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: 39/45/16 Blend
76$1,640,000$1,640,000$1,640,000$1,640,000
77$1,814,471$1,727,551$1,702,131$1,876,295
78$1,944,731$1,757,385$1,704,336$1,950,892
79$2,086,551$1,786,954$1,704,889$2,026,009
80$2,241,055$1,816,191$1,703,679$2,106,133
81$2,409,482$1,845,024$1,700,592$2,191,743
82$2,593,194$1,873,374$1,695,505$2,283,367
83$2,793,689$1,901,159$1,688,294$2,381,591
84$3,012,618$1,928,289$1,678,825$2,487,058
85$3,251,798$1,954,668$1,666,959$2,600,483
86$3,513,229$1,980,195$1,652,550$2,722,652
87$3,799,114$2,004,759$1,635,445$2,854,436
88$4,111,876$2,028,244$1,615,485$2,996,794
89$4,454,185$2,050,526$1,592,501$3,150,787
90$4,828,980$2,071,471$1,566,319$3,317,587
91$5,239,500$2,090,937$1,536,755$3,498,489
92$5,689,309$2,108,772$1,503,615$3,694,920
93$6,182,332$2,124,816$1,466,701$3,908,460
94$6,722,895$2,138,896$1,425,800$4,140,851
95$7,315,758$2,150,831$1,380,692$4,394,018
96$7,966,169$2,160,424$1,331,148$4,670,084
97$8,679,903$2,167,471$1,276,927$4,971,395
98$9,463,326$2,171,749$1,217,777$5,300,543
99$10,323,447$2,173,027$1,153,435$5,660,385
100$11,267,989$2,171,056$1,083,625$6,054,078