Can I retire at age 77 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$161,855$160,413$159,007$157,634$156,293$151,716
2 years$80,126$78,634$77,188$75,785$74,425$69,851
3 years$52,887$51,388$49,946$48,556$47,218$42,790
4 years$39,270$37,776$36,348$34,982$33,677$29,428
5 years$31,102$29,617$28,207$26,870$25,600$21,544
6 years$25,658$24,184$22,796$21,488$20,257$16,396
7 years$21,771$20,310$18,943$17,666$16,474$12,808
8 years$18,858$17,409$16,065$14,820$13,667$10,194
9 years$16,593$15,158$13,837$12,623$11,510$8,227
10 years$14,782$13,361$12,064$10,881$9,807$6,709
11 years$13,301$11,894$10,621$9,470$8,434$5,516
12 years$12,068$10,676$9,425$8,307$7,309$4,565
13 years$11,025$9,648$8,421$7,333$6,373$3,798
14 years$10,132$8,770$7,566$6,510$5,587$3,172
15 years$9,359$8,011$6,831$5,806$4,919$2,659
16 years$8,684$7,350$6,194$5,198$4,348$2,236
17 years$8,088$6,769$5,636$4,671$3,855$1,884
18 years$7,559$6,255$5,145$4,209$3,428$1,591
19 years$7,086$5,797$4,710$3,803$3,055$1,345
20 years$6,661$5,387$4,323$3,445$2,729$1,139
21 years$6,278$5,018$3,976$3,126$2,442$966
22 years$5,929$4,684$3,664$2,842$2,189$820
23 years$5,611$4,381$3,383$2,589$1,965$696
24 years$5,320$4,104$3,129$2,361$1,766$592
25 years$5,053$3,852$2,898$2,156$1,589$503
26 years$4,807$3,620$2,688$1,972$1,431$428
27 years$4,579$3,407$2,496$1,805$1,291$364
28 years$4,368$3,210$2,320$1,653$1,165$310
29 years$4,172$3,029$2,159$1,516$1,052$264
30 years$3,990$2,860$2,011$1,392$950$225
31 years$3,819$2,704$1,875$1,278$859$192
32 years$3,660$2,558$1,749$1,174$777$164
33 years$3,510$2,423$1,633$1,080$703$139
34 years$3,370$2,296$1,526$994$637$119
35 years$3,237$2,178$1,427$915$577$101
36 years$3,113$2,067$1,335$843$522$86
37 years$2,995$1,963$1,249$776$474$74
38 years$2,884$1,866$1,170$715$429$63
39 years$2,779$1,774$1,096$660$389$54
40 years$2,680$1,688$1,027$608$353$46
41 years$2,585$1,607$963$561$320$39
42 years$2,495$1,530$904$518$291$33
43 years$2,410$1,458$848$478$264$28
44 years$2,329$1,390$796$442$239$24
45 years$2,251$1,325$747$408$217$21
46 years$2,178$1,264$702$377$197$18
47 years$2,107$1,207$660$348$179$15
48 years$2,040$1,152$620$322$163$13
49 years$1,975$1,100$583$297$148$11
50 years$1,914$1,051$548$275$134$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,960,000, adding $4,931 every year, while hoping to spend $58,685 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: 82/9/9 Blend
76$1,960,000$1,960,000$1,960,000$1,960,000
77$2,165,006$2,061,126$2,030,746$2,339,404
78$2,323,397$2,099,681$2,036,336$2,492,841
79$2,495,976$2,138,158$2,040,146$2,652,956
80$2,684,129$2,176,492$2,042,055$2,826,961
81$2,889,382$2,214,611$2,041,935$3,016,213
82$3,113,411$2,252,440$2,039,652$3,222,211
83$3,358,065$2,289,895$2,035,066$3,446,602
84$3,625,376$2,326,889$2,028,030$3,691,203
85$3,917,585$2,363,326$2,018,389$3,958,013
86$4,237,155$2,399,106$2,005,981$4,249,236
87$4,586,800$2,434,117$1,990,637$4,567,297
88$4,969,509$2,468,244$1,972,179$4,914,870
89$5,388,572$2,501,361$1,950,420$5,294,899
90$5,847,613$2,533,335$1,925,165$5,710,628
91$6,350,622$2,564,021$1,896,211$6,165,631
92$6,901,995$2,593,267$1,863,344$6,663,846
93$7,506,571$2,620,911$1,826,339$7,209,610
94$8,169,683$2,646,776$1,784,962$7,807,702
95$8,897,201$2,670,679$1,738,969$8,463,389
96$9,695,594$2,692,420$1,688,103$9,182,474
97$10,571,985$2,711,790$1,632,095$9,971,348
98$11,534,223$2,728,563$1,570,665$10,837,057
99$12,590,951$2,742,500$1,503,521$11,787,363
100$13,751,694$2,753,348$1,430,354$12,830,818