Can I retire at age 77 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$137,907$136,679$135,480$134,310$133,168$130,213
2 years$68,271$66,999$65,767$64,572$63,413$60,452
3 years$45,062$43,785$42,556$41,372$40,232$37,356
4 years$33,460$32,186$30,970$29,806$28,694$25,926
5 years$26,500$25,235$24,034$22,894$21,813$19,160
6 years$21,862$20,606$19,423$18,309$17,260$14,726
7 years$18,550$17,305$16,140$15,052$14,037$11,622
8 years$16,068$14,833$13,688$12,627$11,645$9,348
9 years$14,138$12,915$11,790$10,756$9,807$7,626
10 years$12,595$11,384$10,279$9,271$8,356$6,289
11 years$11,333$10,135$9,049$8,069$7,186$5,231
12 years$10,282$9,096$8,031$7,077$6,227$4,380
13 years$9,394$8,220$7,175$6,248$5,430$3,688
14 years$8,633$7,472$6,447$5,547$4,760$3,120
15 years$7,975$6,826$5,821$4,947$4,191$2,648
16 years$7,399$6,263$5,277$4,429$3,704$2,255
17 years$6,891$5,768$4,802$3,980$3,284$1,925
18 years$6,441$5,330$4,384$3,586$2,920$1,647
19 years$6,038$4,939$4,013$3,241$2,603$1,412
20 years$5,676$4,590$3,683$2,935$2,325$1,212
21 years$5,349$4,275$3,388$2,664$2,081$1,042
22 years$5,052$3,991$3,122$2,422$1,865$897
23 years$4,781$3,733$2,883$2,206$1,674$772
24 years$4,533$3,497$2,666$2,012$1,505$666
25 years$4,306$3,282$2,469$1,837$1,354$575
26 years$4,096$3,084$2,290$1,680$1,220$496
27 years$3,902$2,903$2,127$1,538$1,100$428
28 years$3,722$2,735$1,977$1,409$992$370
29 years$3,555$2,580$1,840$1,292$896$320
30 years$3,399$2,437$1,714$1,186$810$277
31 years$3,254$2,304$1,598$1,089$732$239
32 years$3,118$2,180$1,491$1,001$662$207
33 years$2,991$2,064$1,392$920$599$179
34 years$2,871$1,957$1,300$847$542$155
35 years$2,758$1,856$1,216$779$491$134
36 years$2,652$1,761$1,137$718$445$116
37 years$2,552$1,673$1,065$661$403$101
38 years$2,458$1,590$997$610$366$87
39 years$2,368$1,512$934$562$332$75
40 years$2,283$1,438$875$518$301$65
41 years$2,203$1,369$821$478$273$57
42 years$2,126$1,304$770$441$248$49
43 years$2,053$1,242$723$408$225$42
44 years$1,984$1,184$678$376$204$37
45 years$1,918$1,129$637$347$185$32
46 years$1,855$1,077$598$321$168$28
47 years$1,795$1,028$562$297$153$24
48 years$1,738$981$528$274$139$21
49 years$1,683$937$496$253$126$18
50 years$1,631$895$467$234$114$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,670,000, adding $2,185 every year, while hoping to spend $55,472 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: 58/35/7 Blend
76$1,670,000$1,670,000$1,670,000$1,670,000
77$1,842,594$1,754,084$1,728,199$1,946,573
78$1,971,517$1,781,012$1,727,072$2,043,601
79$2,111,730$1,807,401$1,724,048$2,142,836
80$2,264,328$1,833,165$1,719,005$2,249,615
81$2,430,513$1,858,213$1,711,814$2,364,666
82$2,611,608$1,882,448$1,702,343$2,488,787
83$2,809,070$1,905,766$1,690,449$2,622,863
84$3,024,502$1,928,055$1,675,986$2,767,867
85$3,259,668$1,949,197$1,658,799$2,924,871
86$3,516,512$1,969,066$1,638,726$3,095,059
87$3,797,171$1,987,524$1,615,598$3,279,737
88$4,103,999$2,004,430$1,589,238$3,480,342
89$4,439,589$2,019,629$1,559,459$3,698,463
90$4,806,793$2,032,957$1,526,067$3,935,849
91$5,208,755$2,044,241$1,488,860$4,194,430
92$5,648,935$2,053,296$1,447,623$4,476,336
93$6,131,143$2,059,924$1,402,135$4,783,912
94$6,659,576$2,063,917$1,352,163$5,119,749
95$7,238,855$2,065,051$1,297,463$5,486,700
96$7,874,071$2,063,091$1,237,781$5,887,915
97$8,570,830$2,057,786$1,172,850$6,326,866
98$9,335,306$2,048,869$1,102,392$6,807,381
99$10,174,302$2,036,059$1,026,117$7,333,685
100$11,095,310$2,019,055$943,721$7,910,432