Can I retire at age 77 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$141,210$139,952$138,725$137,527$136,358$134,766
2 years$69,906$68,604$67,342$66,119$64,932$63,330
3 years$46,141$44,834$43,575$42,363$41,196$39,632
4 years$34,261$32,957$31,711$30,520$29,381$27,869
5 years$27,135$25,839$24,609$23,442$22,335$20,879
6 years$22,385$21,099$19,888$18,747$17,673$16,275
7 years$18,994$17,719$16,527$15,413$14,373$13,033
8 years$16,452$15,189$14,016$12,930$11,924$10,641
9 years$14,476$13,225$12,072$11,013$10,041$8,817
10 years$12,896$11,657$10,525$9,493$8,556$7,388
11 years$11,604$10,377$9,266$8,262$7,358$6,246
12 years$10,529$9,314$8,223$7,247$6,377$5,319
13 years$9,619$8,417$7,347$6,398$5,560$4,556
14 years$8,840$7,651$6,601$5,679$4,874$3,921
15 years$8,166$6,989$5,960$5,065$4,292$3,389
16 years$7,576$6,413$5,404$4,535$3,793$2,939
17 years$7,056$5,906$4,917$4,075$3,363$2,556
18 years$6,595$5,457$4,489$3,672$2,990$2,228
19 years$6,182$5,058$4,109$3,318$2,665$1,947
20 years$5,812$4,700$3,771$3,005$2,381$1,704
21 years$5,477$4,378$3,469$2,727$2,131$1,494
22 years$5,173$4,086$3,197$2,480$1,910$1,312
23 years$4,895$3,822$2,952$2,258$1,714$1,153
24 years$4,642$3,581$2,730$2,060$1,541$1,014
25 years$4,409$3,361$2,529$1,881$1,386$893
26 years$4,194$3,158$2,345$1,720$1,249$787
27 years$3,995$2,972$2,178$1,574$1,126$694
28 years$3,811$2,801$2,024$1,443$1,016$613
29 years$3,640$2,642$1,884$1,323$917$541
30 years$3,481$2,495$1,755$1,214$829$478
31 years$3,332$2,359$1,636$1,115$749$422
32 years$3,193$2,232$1,526$1,025$678$373
33 years$3,062$2,114$1,425$942$614$330
34 years$2,940$2,003$1,332$867$555$292
35 years$2,825$1,900$1,245$798$503$258
36 years$2,716$1,804$1,165$735$456$229
37 years$2,613$1,713$1,090$677$413$202
38 years$2,516$1,628$1,021$624$375$179
39 years$2,425$1,548$956$576$340$159
40 years$2,338$1,473$896$531$308$141
41 years$2,255$1,402$841$490$280$125
42 years$2,177$1,335$788$452$254$110
43 years$2,103$1,272$740$417$230$98
44 years$2,032$1,213$694$385$209$87
45 years$1,964$1,156$652$356$190$77
46 years$1,900$1,103$612$329$172$68
47 years$1,838$1,053$575$304$156$60
48 years$1,780$1,005$541$281$142$53
49 years$1,723$960$508$259$129$47
50 years$1,670$917$478$240$117$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,710,000, adding $4,333 every year, while hoping to spend $28,047 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: 53/27/20 Blend
76$1,710,000$1,710,000$1,710,000$1,710,000
77$1,888,889$1,798,259$1,771,754$1,978,437
78$2,051,714$1,856,532$1,801,266$2,098,680
79$2,230,207$1,916,721$1,830,827$2,226,157
80$2,425,937$1,978,889$1,860,408$2,364,269
81$2,640,631$2,043,103$1,889,980$2,514,037
82$2,876,192$2,109,431$1,919,512$2,676,586
83$3,134,716$2,177,946$1,948,968$2,853,152
84$3,418,512$2,248,720$1,978,313$3,045,098
85$3,730,123$2,321,830$2,007,509$3,253,923
86$4,072,350$2,397,354$2,036,515$3,481,277
87$4,448,280$2,475,375$2,065,288$3,728,977
88$4,861,312$2,555,975$2,093,783$3,999,022
89$5,315,191$2,639,243$2,121,950$4,293,616
90$5,814,044$2,725,270$2,149,738$4,615,183
91$6,362,416$2,814,147$2,177,094$4,966,393
92$6,965,315$2,905,973$2,203,959$5,350,187
93$7,628,258$3,000,847$2,230,273$5,769,804
94$8,357,325$3,098,873$2,255,972$6,228,809
95$9,159,213$3,200,158$2,280,988$6,731,132
96$10,041,301$3,304,814$2,305,249$7,281,098
97$11,011,718$3,412,955$2,328,680$7,883,474
98$12,079,424$3,524,701$2,351,201$8,543,509
99$13,254,288$3,640,174$2,372,729$9,266,984
100$14,547,186$3,759,502$2,393,176$10,060,271