Can I retire at age 77 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$160,203$158,776$157,384$156,025$154,698$149,567
2 years$79,309$77,832$76,400$75,012$73,666$68,546
3 years$52,347$50,864$49,436$48,061$46,737$41,789
4 years$38,869$37,390$35,977$34,625$33,333$28,595
5 years$30,784$29,314$27,919$26,596$25,339$20,824
6 years$25,396$23,937$22,563$21,269$20,050$15,761
7 years$21,549$20,103$18,750$17,486$16,306$12,243
8 years$18,665$17,232$15,901$14,669$13,527$9,687
9 years$16,423$15,003$13,696$12,494$11,392$7,770
10 years$14,631$13,225$11,940$10,770$9,707$6,296
11 years$13,165$11,773$10,512$9,373$8,348$5,144
12 years$11,945$10,567$9,329$8,222$7,234$4,229
13 years$10,913$9,549$8,335$7,259$6,308$3,494
14 years$10,029$8,680$7,489$6,443$5,530$2,899
15 years$9,264$7,929$6,762$5,746$4,869$2,413
16 years$8,595$7,275$6,130$5,145$4,303$2,014
17 years$8,005$6,700$5,578$4,623$3,816$1,685
18 years$7,482$6,191$5,092$4,166$3,393$1,412
19 years$7,014$5,738$4,662$3,765$3,024$1,185
20 years$6,593$5,332$4,278$3,409$2,701$996
21 years$6,213$4,967$3,935$3,094$2,417$838
22 years$5,868$4,636$3,627$2,813$2,167$705
23 years$5,554$4,336$3,349$2,562$1,945$594
24 years$5,266$4,063$3,097$2,337$1,748$501
25 years$5,002$3,813$2,869$2,134$1,573$423
26 years$4,758$3,583$2,660$1,951$1,417$357
27 years$4,533$3,372$2,470$1,786$1,277$301
28 years$4,324$3,178$2,297$1,637$1,153$254
29 years$4,130$2,998$2,137$1,501$1,041$215
30 years$3,949$2,831$1,991$1,377$940$182
31 years$3,780$2,676$1,856$1,265$850$154
32 years$3,622$2,532$1,732$1,163$769$130
33 years$3,474$2,398$1,617$1,069$696$110
34 years$3,335$2,273$1,511$984$630$93
35 years$3,204$2,156$1,412$905$571$78
36 years$3,081$2,046$1,321$834$517$66
37 years$2,965$1,943$1,237$768$469$56
38 years$2,855$1,847$1,158$708$425$47
39 years$2,751$1,756$1,085$653$385$40
40 years$2,652$1,671$1,017$602$350$34
41 years$2,559$1,591$954$556$317$29
42 years$2,470$1,515$894$513$288$24
43 years$2,385$1,443$839$473$261$21
44 years$2,305$1,376$788$437$237$17
45 years$2,228$1,312$740$404$215$15
46 years$2,155$1,251$695$373$195$12
47 years$2,086$1,194$653$345$177$11
48 years$2,019$1,140$613$318$161$9
49 years$1,955$1,089$577$294$146$8
50 years$1,894$1,040$542$272$133$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,940,000, adding $3,188 every year, while hoping to spend $27,791 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: 52/33/15 Blend
76$1,940,000$1,940,000$1,940,000$1,940,000
77$2,141,168$2,038,348$2,008,278$2,243,679
78$2,329,998$2,108,658$2,045,986$2,384,510
79$2,537,157$2,181,481$2,084,026$2,534,396
80$2,764,486$2,256,912$2,122,379$2,696,794
81$3,014,010$2,335,049$2,161,026$2,872,895
82$3,287,965$2,415,991$2,199,946$3,064,010
83$3,588,808$2,499,845$2,239,115$3,271,584
84$3,919,249$2,586,720$2,278,508$3,497,201
85$4,282,273$2,676,731$2,318,099$3,742,608
86$4,681,169$2,769,994$2,357,859$4,009,726
87$5,119,558$2,866,634$2,397,757$4,300,668
88$5,601,432$2,966,778$2,437,761$4,617,761
89$6,131,186$3,070,558$2,477,834$4,963,564
90$6,713,666$3,178,114$2,517,940$5,340,895
91$7,354,207$3,289,589$2,558,038$5,752,856
92$8,058,689$3,405,132$2,598,085$6,202,862
93$8,833,590$3,524,898$2,638,036$6,694,671
94$9,686,048$3,649,050$2,677,843$7,232,423
95$10,623,927$3,777,756$2,717,452$7,820,673
96$11,655,892$3,911,190$2,756,811$8,464,440
97$12,791,489$4,049,534$2,795,861$9,169,248
98$14,041,238$4,192,979$2,834,539$9,941,181
99$15,416,730$4,341,720$2,872,781$10,786,939
100$16,930,735$4,495,963$2,910,518$11,713,902