Can I retire at age 77 with 1,840,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$151,945$150,592$149,272$147,983$146,724$145,252
2 years$75,221$73,820$72,462$71,146$69,869$68,386
3 years$49,649$48,242$46,888$45,584$44,328$42,880
4 years$36,866$35,463$34,122$32,840$31,615$30,214
5 years$29,198$27,803$26,480$25,225$24,033$22,683
6 years$24,087$22,704$21,400$20,172$19,017$17,719
7 years$20,438$19,066$17,783$16,585$15,466$14,221
8 years$17,703$16,343$15,082$13,913$12,830$11,638
9 years$15,577$14,230$12,990$11,850$10,805$9,665
10 years$13,877$12,543$11,325$10,215$9,206$8,118
11 years$12,487$11,166$9,970$8,890$7,918$6,881
12 years$11,329$10,022$8,848$7,798$6,861$5,874
13 years$10,350$9,057$7,905$6,884$5,983$5,044
14 years$9,512$8,233$7,103$6,111$5,245$4,353
15 years$8,786$7,521$6,413$5,450$4,618$3,773
16 years$8,152$6,900$5,814$4,880$4,081$3,281
17 years$7,593$6,355$5,291$4,385$3,619$2,861
18 years$7,096$5,872$4,830$3,951$3,218$2,502
19 years$6,652$5,442$4,422$3,570$2,868$2,192
20 years$6,254$5,057$4,058$3,234$2,562$1,924
21 years$5,893$4,711$3,732$2,935$2,292$1,692
22 years$5,566$4,397$3,440$2,668$2,055$1,490
23 years$5,268$4,113$3,176$2,430$1,845$1,314
24 years$4,995$3,853$2,938$2,216$1,658$1,159
25 years$4,744$3,616$2,721$2,024$1,492$1,024
26 years$4,513$3,398$2,523$1,851$1,344$906
27 years$4,299$3,198$2,343$1,694$1,212$801
28 years$4,101$3,014$2,178$1,552$1,093$709
29 years$3,917$2,843$2,027$1,423$987$628
30 years$3,745$2,685$1,888$1,306$892$557
31 years$3,585$2,538$1,760$1,200$806$494
32 years$3,436$2,402$1,642$1,103$729$438
33 years$3,295$2,274$1,533$1,014$660$389
34 years$3,163$2,156$1,433$933$598$345
35 years$3,039$2,045$1,340$859$541$306
36 years$2,922$1,941$1,253$791$491$272
37 years$2,812$1,843$1,173$729$445$242
38 years$2,708$1,752$1,098$672$403$215
39 years$2,609$1,666$1,029$619$365$191
40 years$2,516$1,585$965$571$332$169
41 years$2,427$1,509$904$527$301$151
42 years$2,343$1,437$848$486$273$134
43 years$2,262$1,369$796$449$248$119
44 years$2,186$1,305$747$415$225$106
45 years$2,114$1,244$702$383$204$94
46 years$2,044$1,187$659$354$185$84
47 years$1,978$1,133$619$327$168$74
48 years$1,915$1,081$582$302$153$66
49 years$1,854$1,033$547$279$139$59
50 years$1,796$986$514$258$126$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,840,000, adding $5,615 every year, while hoping to spend $21,559 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: 75/12/13 Blend
76$1,840,000$1,840,000$1,840,000$1,840,000
77$2,033,472$1,935,952$1,907,432$2,180,133
78$2,217,947$2,007,875$1,948,392$2,349,651
79$2,420,517$2,082,600$1,990,002$2,532,134
80$2,643,003$2,160,240$2,032,261$2,731,534
81$2,887,414$2,240,917$2,075,166$2,949,527
82$3,155,962$2,324,754$2,118,716$3,187,955
83$3,451,084$2,411,880$2,162,907$3,448,849
84$3,775,464$2,502,432$2,207,734$3,734,444
85$4,132,061$2,596,551$2,253,192$4,047,202
86$4,524,133$2,694,384$2,299,276$4,389,834
87$4,955,270$2,796,084$2,345,978$4,765,326
88$5,429,429$2,901,813$2,393,289$5,176,966
89$5,950,966$3,011,737$2,441,199$5,628,376
90$6,524,683$3,126,031$2,489,698$6,123,545
91$7,155,871$3,244,877$2,538,773$6,666,867
92$7,850,359$3,368,465$2,588,411$7,263,182
93$8,614,569$3,496,994$2,638,597$7,917,820
94$9,455,579$3,630,669$2,689,313$8,636,655
95$10,381,184$3,769,709$2,740,541$9,426,156
96$11,399,977$3,914,336$2,792,262$10,293,449
97$12,521,424$4,064,788$2,844,452$11,246,385
98$13,755,956$4,221,310$2,897,088$12,293,614
99$15,115,067$4,384,157$2,950,143$13,444,663
100$16,611,421$4,553,598$3,003,590$14,710,030