Can I retire at age 77 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$156,074$154,684$153,328$152,004$150,711$149,013
2 years$77,265$75,826$74,431$73,079$71,767$70,058
3 years$50,998$49,553$48,162$46,822$45,532$43,865
4 years$37,867$36,427$35,049$33,733$32,474$30,861
5 years$29,991$28,559$27,200$25,910$24,686$23,132
6 years$24,742$23,320$21,981$20,720$19,533$18,041
7 years$20,994$19,585$18,267$17,035$15,886$14,455
8 years$18,184$16,788$15,492$14,291$13,179$11,809
9 years$16,000$14,617$13,343$12,172$11,098$9,790
10 years$14,254$12,884$11,633$10,493$9,456$8,208
11 years$12,826$11,470$10,241$9,132$8,133$6,944
12 years$11,637$10,295$9,089$8,010$7,048$5,917
13 years$10,632$9,303$8,120$7,071$6,146$5,071
14 years$9,771$8,456$7,296$6,277$5,387$4,368
15 years$9,025$7,725$6,587$5,598$4,743$3,778
16 years$8,373$7,088$5,972$5,013$4,192$3,278
17 years$7,799$6,527$5,435$4,504$3,717$2,853
18 years$7,289$6,032$4,961$4,059$3,305$2,489
19 years$6,833$5,590$4,542$3,667$2,946$2,176
20 years$6,424$5,195$4,168$3,322$2,631$1,906
21 years$6,053$4,839$3,834$3,015$2,355$1,673
22 years$5,717$4,517$3,534$2,741$2,111$1,470
23 years$5,411$4,224$3,263$2,496$1,895$1,293
24 years$5,130$3,958$3,017$2,277$1,703$1,138
25 years$4,873$3,714$2,795$2,079$1,532$1,003
26 years$4,635$3,491$2,592$1,901$1,380$885
27 years$4,416$3,285$2,407$1,740$1,245$781
28 years$4,212$3,096$2,237$1,594$1,123$690
29 years$4,023$2,920$2,082$1,462$1,014$610
30 years$3,847$2,758$1,939$1,342$916$539
31 years$3,683$2,607$1,808$1,232$828$477
32 years$3,529$2,467$1,687$1,133$749$422
33 years$3,385$2,336$1,575$1,041$678$373
34 years$3,249$2,214$1,472$958$614$330
35 years$3,122$2,100$1,376$882$556$293
36 years$3,002$1,993$1,287$812$504$259
37 years$2,888$1,893$1,205$749$457$230
38 years$2,781$1,799$1,128$690$414$204
39 years$2,680$1,711$1,057$636$375$180
40 years$2,584$1,628$991$587$341$160
41 years$2,493$1,550$929$541$309$142
42 years$2,406$1,476$871$500$280$126
43 years$2,324$1,406$818$461$254$111
44 years$2,246$1,340$768$426$231$99
45 years$2,171$1,278$721$393$210$88
46 years$2,100$1,219$677$363$190$78
47 years$2,032$1,164$636$336$173$69
48 years$1,967$1,111$598$310$157$61
49 years$1,905$1,061$562$287$143$54
50 years$1,845$1,013$528$265$129$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,890,000, adding $6,441 every year, while hoping to spend $33,598 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: 65/14/21 Blend
76$1,890,000$1,890,000$1,890,000$1,890,000
77$2,089,424$1,989,254$1,959,959$2,213,643
78$2,266,797$2,050,979$1,989,870$2,359,652
79$2,461,136$2,114,603$2,019,656$2,514,756
80$2,674,137$2,180,183$2,049,279$2,683,481
81$2,907,665$2,247,778$2,078,696$2,867,165
82$3,163,777$2,317,450$2,107,863$3,067,280
83$3,444,738$2,389,261$2,136,732$3,285,446
84$3,753,042$2,463,275$2,165,253$3,523,449
85$4,091,436$2,539,560$2,193,373$3,783,256
86$4,462,948$2,618,184$2,221,036$4,067,033
87$4,870,911$2,699,217$2,248,183$4,377,165
88$5,318,997$2,782,732$2,274,751$4,716,279
89$5,811,253$2,868,803$2,300,673$5,087,272
90$6,352,135$2,957,509$2,325,879$5,493,330
91$6,946,553$3,048,927$2,350,297$5,937,968
92$7,599,916$3,143,139$2,373,846$6,425,055
93$8,318,184$3,240,230$2,396,447$6,958,853
94$9,107,922$3,340,285$2,418,012$7,544,061
95$9,976,365$3,443,392$2,438,449$8,185,852
96$10,931,480$3,549,645$2,457,663$8,889,929
97$11,982,049$3,659,136$2,475,553$9,662,572
98$13,137,747$3,771,962$2,492,012$10,510,703
99$14,409,231$3,888,222$2,506,929$11,441,947
100$15,808,247$4,008,020$2,520,186$12,464,706