Can I retire at age 77 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$139,559$138,316$137,103$135,919$134,763$132,367
2 years$69,088$67,802$66,555$65,346$64,173$61,767
3 years$45,601$44,309$43,065$41,868$40,714$38,373
4 years$33,860$32,572$31,341$30,163$29,037$26,780
5 years$26,817$25,537$24,322$23,168$22,074$19,906
6 years$22,124$20,853$19,655$18,528$17,466$15,391
7 years$18,772$17,512$16,334$15,233$14,205$12,222
8 years$16,260$15,011$13,852$12,778$11,784$9,894
9 years$14,307$13,070$11,931$10,884$9,924$8,125
10 years$12,745$11,520$10,402$9,382$8,456$6,746
11 years$11,469$10,256$9,157$8,166$7,272$5,650
12 years$10,405$9,205$8,127$7,162$6,302$4,765
13 years$9,507$8,319$7,261$6,323$5,495$4,042
14 years$8,737$7,562$6,524$5,613$4,817$3,444
15 years$8,070$6,908$5,890$5,006$4,241$2,946
16 years$7,487$6,338$5,340$4,482$3,749$2,528
17 years$6,974$5,837$4,860$4,027$3,324$2,176
18 years$6,518$5,393$4,436$3,629$2,955$1,876
19 years$6,110$4,999$4,061$3,279$2,634$1,622
20 years$5,744$4,645$3,727$2,970$2,353$1,404
21 years$5,413$4,327$3,428$2,696$2,106$1,217
22 years$5,112$4,039$3,160$2,451$1,887$1,056
23 years$4,838$3,777$2,917$2,232$1,694$918
24 years$4,587$3,539$2,698$2,036$1,523$798
25 years$4,357$3,321$2,499$1,859$1,370$694
26 years$4,145$3,121$2,318$1,700$1,234$605
27 years$3,949$2,938$2,152$1,556$1,113$527
28 years$3,767$2,768$2,001$1,426$1,004$459
29 years$3,598$2,611$1,862$1,307$907$401
30 years$3,440$2,466$1,734$1,200$819$350
31 years$3,293$2,331$1,617$1,102$741$305
32 years$3,156$2,206$1,508$1,013$670$267
33 years$3,027$2,089$1,408$931$606$233
34 years$2,905$1,980$1,316$857$549$203
35 years$2,791$1,878$1,230$789$497$178
36 years$2,684$1,782$1,151$726$451$155
37 years$2,583$1,693$1,077$669$408$136
38 years$2,487$1,609$1,009$617$370$119
39 years$2,396$1,530$945$569$336$104
40 years$2,310$1,456$886$525$304$91
41 years$2,229$1,386$831$484$276$79
42 years$2,152$1,320$779$447$251$69
43 years$2,078$1,257$731$412$227$61
44 years$2,008$1,198$686$381$206$53
45 years$1,941$1,143$644$352$187$46
46 years$1,878$1,090$605$325$170$41
47 years$1,817$1,040$569$300$155$35
48 years$1,759$993$534$277$140$31
49 years$1,703$948$502$256$127$27
50 years$1,650$906$472$237$116$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,690,000, adding $6,820 every year, while hoping to spend $53,852 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: 49/42/9 Blend
76$1,690,000$1,690,000$1,690,000$1,690,000
77$1,869,415$1,779,845$1,753,650$1,956,209
78$2,002,797$1,809,759$1,755,099$2,046,280
79$2,147,979$1,839,334$1,754,792$2,137,810
80$2,306,108$1,868,497$1,752,613$2,235,980
81$2,478,446$1,897,168$1,748,440$2,341,424
82$2,666,382$1,925,263$1,742,147$2,454,844
83$2,871,444$1,952,692$1,733,599$2,577,013
84$3,095,314$1,979,357$1,722,658$2,708,784
85$3,339,845$2,005,154$1,709,176$2,851,097
86$3,607,076$2,029,974$1,693,000$3,004,992
87$3,899,251$2,053,696$1,673,969$3,171,612
88$4,218,842$2,076,194$1,651,914$3,352,221
89$4,568,570$2,097,334$1,626,659$3,548,213
90$4,951,431$2,116,971$1,598,020$3,761,125
91$5,370,726$2,134,951$1,565,802$3,992,653
92$5,830,088$2,151,111$1,529,804$4,244,670
93$6,333,518$2,165,277$1,489,814$4,519,239
94$6,885,424$2,177,263$1,445,610$4,818,637
95$7,490,660$2,186,871$1,396,961$5,145,379
96$8,154,572$2,193,893$1,343,624$5,502,236
97$8,883,049$2,198,104$1,285,346$5,892,266
98$9,682,577$2,199,268$1,221,862$6,318,842
99$10,560,301$2,197,134$1,152,895$6,785,687
100$11,524,091$2,191,432$1,078,156$7,296,905