Can I retire at age 77 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$154,423$153,047$151,705$150,395$149,116$148,426
2 years$76,447$75,023$73,643$72,306$71,008$70,311
3 years$50,458$49,028$47,652$46,327$45,050$44,368
4 years$37,467$36,041$34,679$33,376$32,130$31,468
5 years$29,674$28,257$26,912$25,636$24,425$23,785
6 years$24,480$23,074$21,749$20,501$19,327$18,710
7 years$20,772$19,377$18,073$16,855$15,718$15,125
8 years$17,992$16,610$15,328$14,139$13,039$12,470
9 years$15,831$14,462$13,202$12,044$10,981$10,435
10 years$14,103$12,747$11,510$10,382$9,356$8,833
11 years$12,690$11,348$10,133$9,035$8,047$7,547
12 years$11,514$10,186$8,993$7,925$6,973$6,495
13 years$10,519$9,205$8,034$6,997$6,081$5,625
14 years$9,667$8,367$7,219$6,211$5,330$4,896
15 years$8,930$7,643$6,518$5,539$4,693$4,280
16 years$8,285$7,013$5,909$4,960$4,148$3,755
17 years$7,716$6,458$5,377$4,456$3,678$3,304
18 years$7,212$5,968$4,909$4,016$3,270$2,916
19 years$6,761$5,531$4,494$3,629$2,915$2,579
20 years$6,356$5,140$4,124$3,286$2,604$2,285
21 years$5,989$4,787$3,793$2,983$2,330$2,029
22 years$5,657$4,469$3,496$2,712$2,088$1,804
23 years$5,354$4,180$3,228$2,470$1,875$1,606
24 years$5,076$3,916$2,985$2,253$1,685$1,432
25 years$4,821$3,675$2,765$2,057$1,516$1,278
26 years$4,586$3,454$2,564$1,881$1,366$1,141
27 years$4,369$3,251$2,381$1,722$1,231$1,020
28 years$4,168$3,063$2,214$1,577$1,111$913
29 years$3,981$2,890$2,060$1,447$1,003$817
30 years$3,807$2,729$1,919$1,328$907$732
31 years$3,644$2,580$1,789$1,219$820$656
32 years$3,492$2,441$1,669$1,121$741$588
33 years$3,349$2,312$1,558$1,030$671$527
34 years$3,215$2,191$1,456$948$607$473
35 years$3,089$2,078$1,361$873$550$425
36 years$2,970$1,972$1,274$804$499$381
37 years$2,858$1,873$1,192$741$452$342
38 years$2,752$1,780$1,116$683$410$307
39 years$2,652$1,693$1,046$629$371$276
40 years$2,557$1,611$980$581$337$248
41 years$2,466$1,533$919$536$306$223
42 years$2,381$1,460$862$494$277$200
43 years$2,299$1,391$809$456$252$180
44 years$2,222$1,326$759$421$228$162
45 years$2,148$1,265$713$389$207$146
46 years$2,078$1,206$670$359$188$131
47 years$2,010$1,151$629$332$171$118
48 years$1,946$1,099$591$307$155$106
49 years$1,885$1,049$556$284$141$95
50 years$1,826$1,002$523$262$128$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,870,000, adding $6,710 every year, while hoping to spend $33,308 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: 66/29/5 Blend
76$1,870,000$1,870,000$1,870,000$1,870,000
77$2,067,661$1,968,551$1,939,566$2,202,356
78$2,243,123$2,029,571$1,969,102$2,353,586
79$2,435,366$2,092,464$1,998,512$2,514,154
80$2,646,066$2,157,288$2,027,754$2,688,727
81$2,877,070$2,224,100$2,056,789$2,878,665
82$3,130,411$2,292,960$2,085,571$3,085,462
83$3,408,329$2,363,931$2,114,054$3,310,764
84$3,713,290$2,437,076$2,142,187$3,556,383
85$4,048,014$2,512,460$2,169,918$3,824,311
86$4,415,492$2,590,152$2,197,191$4,116,744
87$4,819,022$2,670,219$2,223,947$4,436,099
88$5,262,236$2,752,734$2,250,123$4,785,035
89$5,749,136$2,837,770$2,275,654$5,166,482
90$6,284,130$2,925,402$2,300,470$5,583,665
91$6,872,073$3,015,709$2,324,498$6,040,136
92$7,518,316$3,108,770$2,347,660$6,539,808
93$8,228,752$3,204,668$2,369,874$7,086,987
94$9,009,875$3,303,487$2,391,056$7,686,417
95$9,868,839$3,405,315$2,411,113$8,343,325
96$10,813,526$3,510,240$2,429,950$9,063,465
97$11,852,620$3,618,357$2,447,468$9,853,177
98$12,995,690$3,729,758$2,463,561$10,719,442
99$14,253,276$3,844,543$2,478,116$11,669,954
100$15,636,996$3,962,810$2,491,018$12,713,183