Can I retire at age 77 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$142,036$140,771$139,536$138,332$137,155$134,167
2 years$70,315$69,005$67,736$66,506$65,312$62,316
3 years$46,411$45,096$43,830$42,611$41,437$38,527
4 years$34,461$33,150$31,897$30,699$29,553$26,752
5 years$27,293$25,990$24,753$23,580$22,466$19,781
6 years$22,516$21,223$20,004$18,857$17,776$15,211
7 years$19,106$17,823$16,624$15,503$14,457$12,012
8 years$16,549$15,278$14,098$13,005$11,993$9,667
9 years$14,561$13,302$12,143$11,078$10,100$7,891
10 years$12,972$11,725$10,586$9,549$8,606$6,512
11 years$11,672$10,438$9,320$8,310$7,401$5,420
12 years$10,590$9,369$8,271$7,289$6,414$4,541
13 years$9,675$8,466$7,390$6,435$5,593$3,826
14 years$8,892$7,696$6,640$5,713$4,903$3,239
15 years$8,213$7,030$5,995$5,095$4,317$2,751
16 years$7,620$6,450$5,435$4,562$3,815$2,344
17 years$7,098$5,940$4,946$4,099$3,383$2,003
18 years$6,633$5,489$4,515$3,694$3,008$1,715
19 years$6,219$5,087$4,133$3,338$2,681$1,471
20 years$5,846$4,727$3,793$3,023$2,395$1,264
21 years$5,509$4,403$3,489$2,743$2,143$1,087
22 years$5,203$4,110$3,216$2,494$1,921$936
23 years$4,924$3,844$2,969$2,272$1,724$807
24 years$4,669$3,602$2,746$2,072$1,550$697
25 years$4,434$3,380$2,543$1,892$1,395$601
26 years$4,218$3,177$2,359$1,730$1,256$520
27 years$4,019$2,990$2,190$1,584$1,133$449
28 years$3,834$2,817$2,036$1,451$1,022$388
29 years$3,661$2,658$1,895$1,331$923$336
30 years$3,501$2,510$1,765$1,221$834$291
31 years$3,352$2,373$1,645$1,121$754$252
32 years$3,212$2,245$1,535$1,031$682$218
33 years$3,080$2,126$1,433$948$617$189
34 years$2,957$2,015$1,339$872$559$164
35 years$2,841$1,911$1,252$803$506$142
36 years$2,732$1,814$1,171$739$459$123
37 years$2,629$1,723$1,096$681$416$106
38 years$2,531$1,637$1,027$628$377$92
39 years$2,439$1,557$962$579$342$80
40 years$2,352$1,481$902$534$310$69
41 years$2,269$1,410$845$493$281$60
42 years$2,190$1,343$793$455$255$52
43 years$2,115$1,280$744$420$232$45
44 years$2,044$1,220$699$388$210$39
45 years$1,976$1,163$656$358$191$34
46 years$1,911$1,110$616$331$173$29
47 years$1,849$1,059$579$305$157$26
48 years$1,790$1,011$544$282$143$22
49 years$1,733$965$511$261$130$19
50 years$1,679$922$481$241$118$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,720,000, adding $6,038 every year, while hoping to spend $23,317 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: 42/50/8 Blend
76$1,720,000$1,720,000$1,720,000$1,720,000
77$1,901,668$1,810,508$1,783,848$1,976,832
78$2,070,829$1,874,414$1,818,798$2,093,708
79$2,256,463$1,940,670$1,854,137$2,217,355
80$2,460,226$2,009,366$1,889,854$2,350,705
81$2,683,941$2,080,597$1,925,936$2,494,651
82$2,929,617$2,154,460$1,962,369$2,650,173
83$3,199,467$2,231,058$1,999,138$2,818,348
84$3,495,929$2,310,496$2,036,226$3,000,359
85$3,821,690$2,392,886$2,073,615$3,197,505
86$4,179,707$2,478,342$2,111,285$3,411,213
87$4,573,240$2,566,984$2,149,216$3,643,055
88$5,005,880$2,658,936$2,187,385$3,894,755
89$5,481,584$2,754,328$2,225,767$4,168,211
90$6,004,711$2,853,295$2,264,335$4,465,509
91$6,580,062$2,955,978$2,303,061$4,788,943
92$7,212,930$3,062,523$2,341,915$5,141,037
93$7,909,145$3,173,081$2,380,865$5,524,566
94$8,675,128$3,287,813$2,419,875$5,942,583
95$9,517,958$3,406,883$2,458,908$6,398,448
96$10,445,433$3,530,464$2,497,924$6,895,857
97$11,466,145$3,658,734$2,536,882$7,438,877
98$12,589,560$3,791,881$2,575,736$8,031,986
99$13,826,111$3,930,098$2,614,439$8,680,108
100$15,187,291$4,073,590$2,652,940$9,388,666