Can I retire at age 77 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$155,249$153,866$152,517$151,200$149,914$147,796
2 years$76,856$75,424$74,037$72,692$71,388$69,258
3 years$50,728$49,291$47,907$46,575$45,291$43,216
4 years$37,667$36,234$34,864$33,554$32,302$30,297
5 years$29,832$28,408$27,056$25,773$24,556$22,627
6 years$24,611$23,197$21,865$20,611$19,430$17,580
7 years$20,883$19,481$18,170$16,945$15,802$14,031
8 years$18,088$16,699$15,410$14,215$13,109$11,417
9 years$15,915$14,539$13,272$12,108$11,040$9,426
10 years$14,178$12,816$11,571$10,437$9,406$7,869
11 years$12,758$11,409$10,187$9,084$8,090$6,628
12 years$11,575$10,240$9,041$7,967$7,010$5,623
13 years$10,575$9,254$8,077$7,034$6,113$4,797
14 years$9,719$8,412$7,257$6,244$5,359$4,113
15 years$8,977$7,684$6,553$5,569$4,718$3,540
16 years$8,329$7,050$5,941$4,986$4,170$3,057
17 years$7,758$6,493$5,406$4,480$3,697$2,647
18 years$7,250$6,000$4,935$4,037$3,288$2,298
19 years$6,797$5,560$4,518$3,648$2,930$1,999
20 years$6,390$5,167$4,146$3,304$2,617$1,742
21 years$6,021$4,813$3,814$2,999$2,342$1,521
22 years$5,687$4,493$3,515$2,726$2,100$1,329
23 years$5,382$4,202$3,245$2,483$1,885$1,163
24 years$5,103$3,937$3,001$2,265$1,694$1,018
25 years$4,847$3,695$2,780$2,068$1,524$892
26 years$4,611$3,472$2,578$1,891$1,373$783
27 years$4,392$3,268$2,394$1,731$1,238$687
28 years$4,190$3,079$2,226$1,586$1,117$603
29 years$4,002$2,905$2,071$1,454$1,009$530
30 years$3,827$2,743$1,929$1,335$911$466
31 years$3,663$2,593$1,799$1,226$824$410
32 years$3,510$2,454$1,678$1,127$745$361
33 years$3,367$2,324$1,567$1,036$675$317
34 years$3,232$2,203$1,464$953$611$279
35 years$3,105$2,089$1,369$877$553$246
36 years$2,986$1,983$1,280$808$501$216
37 years$2,873$1,883$1,198$745$454$191
38 years$2,767$1,790$1,122$686$412$168
39 years$2,666$1,702$1,051$633$373$148
40 years$2,570$1,619$985$584$339$130
41 years$2,480$1,541$924$538$307$115
42 years$2,394$1,468$867$497$279$101
43 years$2,312$1,399$813$459$253$89
44 years$2,234$1,333$764$424$230$79
45 years$2,159$1,271$717$391$209$69
46 years$2,089$1,213$673$361$189$61
47 years$2,021$1,157$633$334$172$54
48 years$1,956$1,105$594$308$156$47
49 years$1,895$1,055$559$285$142$42
50 years$1,836$1,008$525$264$129$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,880,000, adding $6,981 every year, while hoping to spend $38,882 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: 48/37/15 Blend
76$1,880,000$1,880,000$1,880,000$1,880,000
77$2,078,961$1,979,321$1,950,181$2,169,728
78$2,249,645$2,034,937$1,974,142$2,288,817
79$2,436,435$2,091,976$1,997,602$2,413,491
80$2,640,934$2,150,465$2,020,504$2,548,012
81$2,864,905$2,210,434$2,042,787$2,693,314
82$3,110,291$2,271,911$2,064,386$2,850,426
83$3,379,232$2,334,925$2,085,234$3,020,480
84$3,674,082$2,399,505$2,105,258$3,204,723
85$3,997,437$2,465,680$2,124,383$3,404,528
86$4,352,156$2,533,478$2,142,529$3,621,404
87$4,741,385$2,602,928$2,159,614$3,857,016
88$5,168,593$2,674,059$2,175,548$4,113,194
89$5,637,600$2,746,898$2,190,239$4,391,956
90$6,152,612$2,821,473$2,203,589$4,695,524
91$6,718,265$2,897,811$2,215,495$5,026,343
92$7,339,664$2,975,940$2,225,850$5,387,108
93$8,022,434$3,055,885$2,234,541$5,780,787
94$8,772,771$3,137,672$2,241,447$6,210,650
95$9,597,502$3,221,327$2,246,444$6,680,298
96$10,504,149$3,306,873$2,249,401$7,193,698
97$11,500,995$3,394,333$2,250,179$7,755,221
98$12,597,171$3,483,730$2,248,634$8,369,682
99$13,802,733$3,575,084$2,244,615$9,042,385
100$15,128,764$3,668,414$2,237,961$9,779,175