Can I retire at age 77 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$136,255$135,042$133,858$132,702$131,573$128,917
2 years$67,453$66,197$64,979$63,799$62,654$59,989
3 years$44,522$43,260$42,046$40,877$39,750$37,160
4 years$33,059$31,801$30,599$29,449$28,350$25,855
5 years$26,183$24,932$23,746$22,620$21,551$19,158
6 years$21,600$20,359$19,190$18,089$17,053$14,764
7 years$18,328$17,098$15,947$14,872$13,869$11,685
8 years$15,875$14,656$13,524$12,476$11,505$9,426
9 years$13,968$12,761$11,649$10,627$9,689$7,713
10 years$12,444$11,248$10,156$9,160$8,256$6,380
11 years$11,197$10,013$8,941$7,972$7,100$5,324
12 years$10,159$8,987$7,935$6,993$6,153$4,473
13 years$9,281$8,122$7,089$6,174$5,365$3,779
14 years$8,530$7,383$6,370$5,480$4,703$3,207
15 years$7,879$6,744$5,751$4,887$4,141$2,732
16 years$7,310$6,188$5,214$4,376$3,660$2,334
17 years$6,809$5,699$4,745$3,932$3,245$2,000
18 years$6,363$5,266$4,331$3,543$2,885$1,718
19 years$5,966$4,880$3,965$3,202$2,572$1,478
20 years$5,608$4,535$3,639$2,900$2,297$1,273
21 years$5,285$4,224$3,347$2,632$2,056$1,099
22 years$4,991$3,943$3,085$2,393$1,843$949
23 years$4,724$3,688$2,848$2,179$1,654$821
24 years$4,479$3,455$2,634$1,988$1,487$711
25 years$4,254$3,243$2,440$1,815$1,338$615
26 years$4,047$3,048$2,263$1,660$1,205$533
27 years$3,855$2,868$2,101$1,519$1,086$463
28 years$3,677$2,703$1,953$1,392$980$401
29 years$3,512$2,550$1,818$1,276$885$348
30 years$3,359$2,408$1,693$1,171$800$302
31 years$3,215$2,276$1,578$1,076$723$263
32 years$3,081$2,154$1,473$989$654$228
33 years$2,955$2,040$1,375$909$592$198
34 years$2,837$1,933$1,285$837$536$172
35 years$2,725$1,834$1,201$770$485$150
36 years$2,621$1,740$1,124$709$440$130
37 years$2,522$1,653$1,052$653$399$113
38 years$2,428$1,571$985$602$361$99
39 years$2,340$1,494$923$555$328$86
40 years$2,256$1,421$865$512$297$75
41 years$2,176$1,353$811$473$270$65
42 years$2,101$1,288$761$436$245$56
43 years$2,029$1,228$714$403$222$49
44 years$1,960$1,170$670$372$202$43
45 years$1,895$1,116$629$343$183$37
46 years$1,833$1,064$591$317$166$32
47 years$1,774$1,016$555$293$151$28
48 years$1,717$970$522$271$137$24
49 years$1,663$926$490$250$124$21
50 years$1,611$885$461$231$113$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,650,000, adding $2,498 every year, while hoping to spend $44,677 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: 37/42/21 Blend
76$1,650,000$1,650,000$1,650,000$1,650,000
77$1,820,877$1,733,427$1,707,852$1,876,653
78$1,959,070$1,770,829$1,717,529$1,954,853
79$2,109,862$1,808,566$1,726,033$2,034,907
80$2,274,490$1,846,608$1,733,277$2,120,466
81$2,454,317$1,884,920$1,739,170$2,212,052
82$2,650,843$1,923,467$1,743,618$2,310,239
83$2,865,719$1,962,207$1,746,520$2,415,661
84$3,100,764$2,001,097$1,747,770$2,529,018
85$3,357,980$2,040,089$1,747,258$2,651,081
86$3,639,572$2,079,131$1,744,869$2,782,702
87$3,947,967$2,118,167$1,740,481$2,924,818
88$4,285,838$2,157,136$1,733,966$3,078,467
89$4,656,131$2,195,973$1,725,191$3,244,790
90$5,062,088$2,234,607$1,714,016$3,425,048
91$5,507,279$2,272,961$1,700,294$3,620,632
92$5,995,639$2,310,954$1,683,872$3,833,077
93$6,531,501$2,348,497$1,664,588$4,064,076
94$7,119,635$2,385,495$1,642,273$4,315,495
95$7,765,300$2,421,847$1,616,752$4,589,396
96$8,474,286$2,457,442$1,587,838$4,888,051
97$9,252,972$2,492,166$1,555,339$5,213,969
98$10,108,384$2,525,891$1,519,052$5,569,914
99$11,048,264$2,558,484$1,478,765$5,958,939
100$12,081,140$2,589,803$1,434,257$6,384,410