Can I retire at age 77 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$150,294$148,955$147,649$146,374$145,129$142,199
2 years$74,403$73,017$71,674$70,372$69,109$66,170
3 years$49,109$47,718$46,378$45,088$43,846$40,989
4 years$36,465$35,077$33,751$32,483$31,271$28,519
5 years$28,880$27,501$26,192$24,950$23,772$21,132
6 years$23,825$22,457$21,167$19,953$18,810$16,285
7 years$20,216$18,859$17,590$16,405$15,297$12,889
8 years$17,511$16,166$14,918$13,761$12,691$10,397
9 years$15,407$14,075$12,849$11,722$10,687$8,508
10 years$13,726$12,407$11,202$10,104$9,106$7,038
11 years$12,351$11,045$9,862$8,794$7,832$5,872
12 years$11,206$9,913$8,752$7,713$6,787$4,933
13 years$10,238$8,959$7,820$6,810$5,918$4,168
14 years$9,409$8,143$7,026$6,045$5,188$3,537
15 years$8,691$7,439$6,343$5,391$4,568$3,013
16 years$8,063$6,825$5,751$4,827$4,037$2,575
17 years$7,510$6,286$5,233$4,337$3,579$2,206
18 years$7,019$5,808$4,777$3,908$3,183$1,895
19 years$6,580$5,383$4,373$3,532$2,837$1,630
20 years$6,186$5,002$4,014$3,199$2,534$1,405
21 years$5,829$4,659$3,692$2,903$2,268$1,212
22 years$5,505$4,349$3,403$2,639$2,033$1,047
23 years$5,210$4,068$3,142$2,404$1,825$906
24 years$4,940$3,811$2,906$2,192$1,640$784
25 years$4,692$3,577$2,691$2,002$1,476$679
26 years$4,464$3,362$2,496$1,831$1,329$588
27 years$4,252$3,164$2,318$1,676$1,198$510
28 years$4,056$2,981$2,155$1,535$1,081$443
29 years$3,874$2,812$2,005$1,408$976$384
30 years$3,705$2,656$1,868$1,292$882$334
31 years$3,546$2,511$1,741$1,187$798$290
32 years$3,398$2,376$1,624$1,091$722$252
33 years$3,259$2,250$1,517$1,003$653$219
34 years$3,129$2,132$1,417$923$591$190
35 years$3,006$2,022$1,325$849$535$165
36 years$2,891$1,920$1,239$782$485$144
37 years$2,781$1,823$1,160$721$440$125
38 years$2,678$1,733$1,086$664$399$109
39 years$2,581$1,648$1,018$613$362$95
40 years$2,488$1,568$954$565$328$82
41 years$2,400$1,492$895$521$297$72
42 years$2,317$1,421$839$481$270$62
43 years$2,238$1,354$787$444$245$54
44 years$2,162$1,291$739$410$222$47
45 years$2,091$1,231$694$379$202$41
46 years$2,022$1,174$652$350$183$36
47 years$1,957$1,120$612$323$166$31
48 years$1,894$1,070$575$299$151$27
49 years$1,834$1,021$541$276$137$23
50 years$1,777$976$509$255$125$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,820,000, adding $3,064 every year, while hoping to spend $48,003 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: 53/38/9 Blend
76$1,820,000$1,820,000$1,820,000$1,820,000
77$2,008,801$1,912,341$1,884,131$2,110,570
78$2,162,623$1,954,970$1,896,174$2,222,631
79$2,330,527$1,998,080$1,907,012$2,339,011
80$2,513,898$2,041,643$1,916,554$2,464,489
81$2,714,260$2,085,628$1,924,703$2,599,934
82$2,933,294$2,130,003$1,931,360$2,746,304
83$3,172,848$2,174,732$1,936,419$2,904,656
84$3,434,958$2,219,773$1,939,768$3,076,151
85$3,721,865$2,265,083$1,941,291$3,262,072
86$4,036,037$2,310,614$1,940,867$3,463,829
87$4,380,193$2,356,315$1,938,366$3,682,978
88$4,757,327$2,402,127$1,933,655$3,921,231
89$5,170,734$2,447,991$1,926,592$4,180,477
90$5,624,045$2,493,840$1,917,030$4,462,796
91$6,121,260$2,539,600$1,904,813$4,770,481
92$6,666,783$2,585,195$1,889,779$5,106,058
93$7,265,466$2,630,541$1,871,757$5,472,312
94$7,922,653$2,675,546$1,850,570$5,872,312
95$8,644,230$2,720,115$1,826,031$6,309,440
96$9,436,682$2,764,141$1,797,944$6,787,423
97$10,307,153$2,807,513$1,766,104$7,310,370
98$11,263,512$2,850,110$1,730,297$7,882,810
99$12,314,427$2,891,803$1,690,300$8,509,733
100$13,469,450$2,932,453$1,645,876$9,196,641