Can I retire at age 77 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$138,733$137,497$136,291$135,115$133,966$129,470
2 years$68,680$67,401$66,161$64,959$63,793$59,308
3 years$45,332$44,047$42,810$41,620$40,473$36,140
4 years$33,660$32,379$31,155$29,985$28,866$24,717
5 years$26,659$25,386$24,178$23,031$21,943$17,990
6 years$21,993$20,729$19,539$18,418$17,363$13,609
7 years$18,661$17,408$16,237$15,143$14,121$10,565
8 years$16,164$14,922$13,770$12,703$11,714$8,354
9 years$14,222$12,993$11,860$10,820$9,865$6,697
10 years$12,670$11,452$10,340$9,327$8,406$5,424
11 years$11,401$10,195$9,103$8,117$7,229$4,428
12 years$10,344$9,151$8,079$7,120$6,265$3,638
13 years$9,450$8,270$7,218$6,286$5,463$3,004
14 years$8,685$7,517$6,485$5,580$4,789$2,490
15 years$8,022$6,867$5,855$4,976$4,216$2,071
16 years$7,443$6,300$5,309$4,456$3,726$1,728
17 years$6,932$5,802$4,831$4,003$3,304$1,444
18 years$6,479$5,361$4,410$3,608$2,938$1,209
19 years$6,074$4,969$4,037$3,260$2,619$1,014
20 years$5,710$4,617$3,705$2,953$2,339$852
21 years$5,381$4,301$3,408$2,680$2,093$716
22 years$5,082$4,015$3,141$2,436$1,876$602
23 years$4,810$3,755$2,900$2,219$1,684$507
24 years$4,560$3,518$2,682$2,024$1,514$427
25 years$4,331$3,302$2,484$1,848$1,362$360
26 years$4,120$3,103$2,304$1,690$1,227$304
27 years$3,925$2,920$2,139$1,547$1,106$256
28 years$3,744$2,752$1,989$1,417$998$216
29 years$3,576$2,596$1,851$1,300$901$183
30 years$3,420$2,452$1,724$1,193$814$154
31 years$3,274$2,318$1,607$1,095$736$130
32 years$3,137$2,193$1,500$1,007$666$110
33 years$3,009$2,077$1,400$926$603$93
34 years$2,888$1,968$1,308$852$546$78
35 years$2,775$1,867$1,223$784$494$66
36 years$2,668$1,772$1,144$722$448$56
37 years$2,567$1,683$1,071$665$406$47
38 years$2,472$1,599$1,003$613$368$40
39 years$2,382$1,521$940$565$334$34
40 years$2,297$1,447$881$522$303$29
41 years$2,216$1,377$826$481$275$24
42 years$2,139$1,312$775$444$249$20
43 years$2,066$1,250$727$410$226$17
44 years$1,996$1,191$682$379$205$15
45 years$1,930$1,136$641$350$186$12
46 years$1,866$1,084$602$323$169$10
47 years$1,806$1,034$565$298$154$9
48 years$1,748$987$531$276$140$7
49 years$1,693$943$499$255$127$6
50 years$1,640$901$469$235$115$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,680,000, adding $4,855 every year, while hoping to spend $33,834 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: 26/47/27 Blend
76$1,680,000$1,680,000$1,680,000$1,680,000
77$1,856,368$1,767,328$1,741,288$1,888,836
78$2,009,718$1,817,928$1,763,622$1,966,357
79$2,177,577$1,869,873$1,785,570$2,046,253
80$2,361,387$1,923,194$1,807,084$2,131,279
81$2,562,739$1,977,921$1,828,112$2,221,891
82$2,783,384$2,034,086$1,848,600$2,318,591
83$3,025,252$2,091,718$1,868,490$2,421,931
84$3,290,466$2,150,851$1,887,723$2,532,519
85$3,581,365$2,211,515$1,906,234$2,651,022
86$3,900,528$2,273,742$1,923,956$2,778,176
87$4,250,792$2,337,566$1,940,819$2,914,791
88$4,635,284$2,403,018$1,956,747$3,061,758
89$5,057,448$2,470,130$1,971,663$3,220,058
90$5,521,077$2,538,936$1,985,484$3,390,770
91$6,030,351$2,609,469$1,998,122$3,575,085
92$6,589,874$2,681,760$2,009,486$3,774,312
93$7,204,718$2,755,843$2,019,481$3,989,894
94$7,880,471$2,831,750$2,028,004$4,223,419
95$8,623,287$2,909,515$2,034,951$4,476,639
96$9,439,950$2,989,168$2,040,209$4,751,481
97$10,337,930$3,070,743$2,043,662$5,050,068
98$11,325,461$3,154,271$2,045,186$5,374,742
99$12,411,611$3,239,783$2,044,653$5,728,081
100$13,606,373$3,327,310$2,041,926$6,112,924