Can I retire at age 77 with 1,660,000?

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 $1,660,000?

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$137,081$135,860$134,669$133,506$132,371$130,446
2 years$67,862$66,598$65,373$64,186$63,034$61,099
3 years$44,792$43,523$42,301$41,124$39,991$38,106
4 years$33,259$31,994$30,784$29,628$28,522$26,702
5 years$26,341$25,083$23,890$22,757$21,682$19,931
6 years$21,731$20,483$19,306$18,199$17,156$15,477
7 years$18,439$17,201$16,044$14,962$13,953$12,346
8 years$15,971$14,745$13,606$12,552$11,575$10,040
9 years$14,053$12,838$11,719$10,691$9,748$8,284
10 years$12,519$11,316$10,217$9,216$8,306$6,912
11 years$11,265$10,074$8,995$8,021$7,143$5,818
12 years$10,221$9,042$7,983$7,035$6,190$4,932
13 years$9,338$8,171$7,132$6,211$5,398$4,206
14 years$8,582$7,427$6,408$5,513$4,732$3,603
15 years$7,927$6,785$5,786$4,917$4,166$3,099
16 years$7,354$6,225$5,246$4,403$3,682$2,674
17 years$6,850$5,733$4,773$3,956$3,265$2,315
18 years$6,402$5,298$4,357$3,565$2,903$2,008
19 years$6,002$4,910$3,989$3,221$2,587$1,745
20 years$5,642$4,562$3,661$2,917$2,311$1,520
21 years$5,317$4,250$3,367$2,648$2,068$1,325
22 years$5,021$3,967$3,104$2,407$1,854$1,157
23 years$4,752$3,710$2,866$2,192$1,664$1,012
24 years$4,506$3,476$2,650$2,000$1,496$885
25 years$4,280$3,262$2,455$1,826$1,346$776
26 years$4,071$3,066$2,276$1,670$1,212$680
27 years$3,878$2,885$2,114$1,528$1,093$596
28 years$3,700$2,719$1,965$1,400$986$523
29 years$3,534$2,565$1,829$1,284$891$459
30 years$3,379$2,422$1,703$1,179$805$403
31 years$3,235$2,290$1,588$1,082$728$354
32 years$3,099$2,167$1,482$995$658$312
33 years$2,973$2,052$1,383$915$596$274
34 years$2,854$1,945$1,293$842$539$241
35 years$2,742$1,845$1,208$775$488$212
36 years$2,636$1,751$1,131$714$443$186
37 years$2,537$1,663$1,058$657$401$164
38 years$2,443$1,580$991$606$364$144
39 years$2,354$1,503$928$559$330$127
40 years$2,269$1,430$870$515$299$112
41 years$2,189$1,361$816$475$271$98
42 years$2,113$1,296$765$439$246$87
43 years$2,041$1,235$718$405$223$76
44 years$1,972$1,177$674$374$203$67
45 years$1,907$1,123$633$345$184$59
46 years$1,844$1,071$595$319$167$52
47 years$1,785$1,022$559$295$152$46
48 years$1,727$976$525$272$138$40
49 years$1,673$932$493$252$125$36
50 years$1,621$890$464$233$114$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,660,000, adding $5,761 every year, while hoping to spend $36,907 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: 51/37/12 Blend
76$1,660,000$1,660,000$1,660,000$1,660,000
77$1,835,262$1,747,282$1,721,552$1,922,693
78$1,983,190$1,793,631$1,739,956$2,029,456
79$2,144,970$1,841,013$1,757,739$2,141,067
80$2,321,975$1,889,441$1,774,841$2,261,560
81$2,515,719$1,938,925$1,791,200$2,391,781
82$2,727,867$1,989,477$1,806,750$2,532,662
83$2,960,254$2,041,106$1,821,421$2,685,230
84$3,214,900$2,093,820$1,835,138$2,850,614
85$3,494,029$2,147,627$1,847,825$3,030,059
86$3,800,093$2,202,534$1,859,400$3,224,934
87$4,135,791$2,258,546$1,869,778$3,436,747
88$4,504,094$2,315,667$1,878,868$3,667,159
89$4,908,277$2,373,901$1,886,576$3,918,002
90$5,351,947$2,433,247$1,892,802$4,191,289
91$5,839,077$2,493,708$1,897,442$4,489,240
92$6,374,042$2,555,279$1,900,386$4,814,302
93$6,961,665$2,617,958$1,901,519$5,169,168
94$7,607,256$2,681,739$1,900,721$5,556,805
95$8,316,665$2,746,613$1,897,864$5,980,483
96$9,096,338$2,812,571$1,892,816$6,443,804
97$9,953,376$2,879,598$1,885,437$6,950,737
98$10,895,602$2,947,680$1,875,581$7,505,655
99$11,931,635$3,016,798$1,863,094$8,113,375
100$13,070,971$3,086,930$1,847,817$8,779,206