Can I retire at age 77 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$161,029$159,595$158,195$156,829$155,496$150,098
2 years$79,717$78,233$76,794$75,399$74,046$68,663
3 years$52,617$51,126$49,691$48,309$46,978$41,780
4 years$39,070$37,583$36,162$34,804$33,505$28,531
5 years$30,943$29,466$28,063$26,733$25,470$20,734
6 years$25,527$24,061$22,679$21,378$20,153$15,658
7 years$21,660$20,206$18,847$17,576$16,390$12,135
8 years$18,761$17,320$15,983$14,744$13,597$9,579
9 years$16,508$15,081$13,767$12,559$11,451$7,664
10 years$14,706$13,293$12,002$10,826$9,757$6,196
11 years$13,233$11,834$10,566$9,422$8,391$5,048
12 years$12,006$10,621$9,377$8,264$7,271$4,139
13 years$10,969$9,599$8,378$7,296$6,341$3,411
14 years$10,081$8,725$7,528$6,477$5,558$2,822
15 years$9,312$7,970$6,797$5,776$4,894$2,342
16 years$8,639$7,313$6,162$5,172$4,325$1,949
17 years$8,047$6,735$5,607$4,647$3,835$1,626
18 years$7,520$6,223$5,119$4,188$3,410$1,358
19 years$7,050$5,768$4,686$3,784$3,039$1,137
20 years$6,627$5,359$4,300$3,427$2,715$952
21 years$6,245$4,992$3,956$3,110$2,430$799
22 years$5,899$4,660$3,646$2,828$2,178$670
23 years$5,583$4,358$3,366$2,575$1,955$563
24 years$5,293$4,084$3,113$2,349$1,757$473
25 years$5,027$3,832$2,883$2,145$1,581$398
26 years$4,782$3,602$2,674$1,961$1,424$335
27 years$4,556$3,390$2,483$1,795$1,284$282
28 years$4,346$3,194$2,308$1,645$1,159$237
29 years$4,151$3,013$2,148$1,508$1,046$200
30 years$3,969$2,846$2,001$1,384$945$168
31 years$3,800$2,690$1,865$1,271$855$142
32 years$3,641$2,545$1,741$1,169$773$119
33 years$3,492$2,410$1,625$1,075$700$101
34 years$3,352$2,285$1,518$989$633$85
35 years$3,221$2,167$1,420$910$574$71
36 years$3,097$2,057$1,328$838$520$60
37 years$2,980$1,953$1,243$772$471$51
38 years$2,870$1,856$1,164$712$427$43
39 years$2,765$1,765$1,091$656$387$36
40 years$2,666$1,679$1,022$605$351$30
41 years$2,572$1,599$958$559$319$26
42 years$2,483$1,523$899$515$289$22
43 years$2,398$1,451$844$476$262$18
44 years$2,317$1,383$792$439$238$15
45 years$2,240$1,319$744$406$216$13
46 years$2,166$1,258$698$375$196$11
47 years$2,096$1,200$656$346$178$9
48 years$2,029$1,146$617$320$162$8
49 years$1,965$1,094$580$296$147$7
50 years$1,904$1,045$545$273$134$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,950,000, adding $3,249 every year, while hoping to spend $51,739 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: 64/9/27 Blend
76$1,950,000$1,950,000$1,950,000$1,950,000
77$2,152,251$2,048,901$2,018,676$2,274,414
78$2,316,731$2,094,248$2,031,252$2,402,807
79$2,496,254$2,140,082$2,042,515$2,537,027
80$2,692,299$2,186,373$2,052,367$2,682,554
81$2,906,496$2,233,088$2,060,703$2,840,505
82$3,140,637$2,280,188$2,067,416$3,012,110
83$3,396,698$2,327,633$2,072,390$3,198,727
84$3,676,853$2,375,379$2,075,507$3,401,851
85$3,983,494$2,423,374$2,076,638$3,623,130
86$4,319,258$2,471,568$2,075,654$3,864,383
87$4,687,048$2,519,900$2,072,413$4,127,612
88$5,090,060$2,568,308$2,066,772$4,415,024
89$5,531,815$2,616,724$2,058,578$4,729,055
90$6,016,189$2,665,072$2,047,669$5,072,388
91$6,547,454$2,713,274$2,033,880$5,447,979
92$7,130,312$2,761,243$2,017,033$5,859,090
93$7,769,945$2,808,885$1,996,945$6,309,313
94$8,472,060$2,856,101$1,973,423$6,802,612
95$9,242,942$2,902,781$1,946,264$7,343,352
96$10,089,516$2,948,812$1,915,258$7,936,349
97$11,019,410$2,994,067$1,880,182$8,586,908
98$12,041,027$3,038,413$1,840,806$9,300,879
99$13,163,625$3,081,709$1,796,886$10,084,711
100$14,397,402$3,123,799$1,748,169$10,945,510