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%14.5%
1 years$138,733$137,497$136,291$135,115$133,966$131,476
2 years$68,680$67,401$66,161$64,959$63,793$61,294
3 years$45,332$44,047$42,810$41,620$40,473$38,043
4 years$33,660$32,379$31,155$29,985$28,866$26,522
5 years$26,659$25,386$24,178$23,031$21,943$19,694
6 years$21,993$20,729$19,539$18,418$17,363$15,210
7 years$18,661$17,408$16,237$15,143$14,121$12,065
8 years$16,164$14,922$13,770$12,703$11,714$9,755
9 years$14,222$12,993$11,860$10,820$9,865$8,001
10 years$12,670$11,452$10,340$9,327$8,406$6,635
11 years$11,401$10,195$9,103$8,117$7,229$5,550
12 years$10,344$9,151$8,079$7,120$6,265$4,675
13 years$9,450$8,270$7,218$6,286$5,463$3,960
14 years$8,685$7,517$6,485$5,580$4,789$3,370
15 years$8,022$6,867$5,855$4,976$4,216$2,879
16 years$7,443$6,300$5,309$4,456$3,726$2,467
17 years$6,932$5,802$4,831$4,003$3,304$2,120
18 years$6,479$5,361$4,410$3,608$2,938$1,826
19 years$6,074$4,969$4,037$3,260$2,619$1,575
20 years$5,710$4,617$3,705$2,953$2,339$1,362
21 years$5,381$4,301$3,408$2,680$2,093$1,179
22 years$5,082$4,015$3,141$2,436$1,876$1,021
23 years$4,810$3,755$2,900$2,219$1,684$886
24 years$4,560$3,518$2,682$2,024$1,514$769
25 years$4,331$3,302$2,484$1,848$1,362$668
26 years$4,120$3,103$2,304$1,690$1,227$581
27 years$3,925$2,920$2,139$1,547$1,106$506
28 years$3,744$2,752$1,989$1,417$998$440
29 years$3,576$2,596$1,851$1,300$901$383
30 years$3,420$2,452$1,724$1,193$814$334
31 years$3,274$2,318$1,607$1,095$736$291
32 years$3,137$2,193$1,500$1,007$666$254
33 years$3,009$2,077$1,400$926$603$221
34 years$2,888$1,968$1,308$852$546$193
35 years$2,775$1,867$1,223$784$494$168
36 years$2,668$1,772$1,144$722$448$147
37 years$2,567$1,683$1,071$665$406$128
38 years$2,472$1,599$1,003$613$368$112
39 years$2,382$1,521$940$565$334$98
40 years$2,297$1,447$881$522$303$85
41 years$2,216$1,377$826$481$275$74
42 years$2,139$1,312$775$444$249$65
43 years$2,066$1,250$727$410$226$57
44 years$1,996$1,191$682$379$205$49
45 years$1,930$1,136$641$350$186$43
46 years$1,866$1,084$602$323$169$38
47 years$1,806$1,034$565$298$154$33
48 years$1,748$987$531$276$140$29
49 years$1,693$943$499$255$127$25
50 years$1,640$901$469$235$115$22

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 $6,628 every year, while hoping to spend $31,508 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: 48/43/9 Blend
76$1,680,000$1,680,000$1,680,000$1,680,000
77$1,858,197$1,769,157$1,743,117$1,942,562
78$2,014,209$1,822,321$1,767,987$2,054,328
79$2,185,078$1,877,035$1,792,634$2,171,760
80$2,372,286$1,933,340$1,817,018$2,298,531
81$2,577,466$1,991,280$1,841,095$2,435,520
82$2,802,415$2,050,901$1,864,819$2,583,694
83$3,049,114$2,112,247$1,888,143$2,744,116
84$3,319,743$2,175,367$1,911,015$2,917,957
85$3,616,704$2,240,307$1,933,381$3,106,503
86$3,942,643$2,307,117$1,955,185$3,311,172
87$4,300,474$2,375,848$1,976,365$3,533,521
88$4,693,408$2,446,550$1,996,859$3,775,268
89$5,124,982$2,519,277$2,016,600$4,038,299
90$5,599,090$2,594,082$2,035,516$4,324,694
91$6,120,026$2,671,020$2,053,534$4,636,740
92$6,692,516$2,750,148$2,070,576$4,976,957
93$7,321,770$2,831,522$2,086,558$5,348,119
94$8,013,527$2,915,203$2,101,393$5,753,279
95$8,774,109$3,001,250$2,114,992$6,195,801
96$9,610,480$3,089,723$2,127,256$6,679,387
97$10,530,316$3,180,687$2,138,086$7,208,117
98$11,542,071$3,274,204$2,147,375$7,786,481
99$12,655,062$3,370,339$2,155,012$8,419,426
100$13,879,553$3,469,160$2,160,879$9,112,401