Can I retire at age 77 with 880,000?

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 $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%18.6%
1 years$72,670$72,022$71,391$70,774$70,172$67,737
2 years$35,975$35,305$34,656$34,026$33,415$30,987
3 years$23,745$23,072$22,425$21,801$21,200$18,854
4 years$17,631$16,961$16,319$15,706$15,120$12,876
5 years$13,964$13,297$12,664$12,064$11,494$9,357
6 years$11,520$10,858$10,235$9,648$9,095$7,066
7 years$9,775$9,119$8,505$7,932$7,397$5,476
8 years$8,467$7,816$7,213$6,654$6,136$4,323
9 years$7,450$6,806$6,213$5,668$5,168$3,459
10 years$6,637$5,999$5,416$4,886$4,403$2,796
11 years$5,972$5,340$4,768$4,252$3,787$2,278
12 years$5,418$4,793$4,232$3,729$3,281$1,868
13 years$4,950$4,332$3,781$3,293$2,862$1,539
14 years$4,549$3,937$3,397$2,923$2,508$1,273
15 years$4,202$3,597$3,067$2,607$2,209$1,057
16 years$3,899$3,300$2,781$2,334$1,952$880
17 years$3,631$3,039$2,530$2,097$1,731$734
18 years$3,394$2,808$2,310$1,890$1,539$613
19 years$3,182$2,603$2,115$1,708$1,372$513
20 years$2,991$2,419$1,941$1,547$1,225$430
21 years$2,818$2,253$1,785$1,404$1,096$360
22 years$2,662$2,103$1,645$1,276$983$303
23 years$2,519$1,967$1,519$1,162$882$254
24 years$2,389$1,843$1,405$1,060$793$214
25 years$2,269$1,729$1,301$968$714$180
26 years$2,158$1,625$1,207$885$643$151
27 years$2,056$1,530$1,121$810$579$127
28 years$1,961$1,441$1,042$742$523$107
29 years$1,873$1,360$969$681$472$90
30 years$1,791$1,284$903$625$427$76
31 years$1,715$1,214$842$574$386$64
32 years$1,643$1,149$785$527$349$54
33 years$1,576$1,088$733$485$316$45
34 years$1,513$1,031$685$446$286$38
35 years$1,454$978$641$411$259$32
36 years$1,398$928$599$378$235$27
37 years$1,345$882$561$349$213$23
38 years$1,295$838$525$321$193$19
39 years$1,248$797$492$296$175$16
40 years$1,203$758$461$273$159$14
41 years$1,161$721$433$252$144$12
42 years$1,120$687$406$233$131$10
43 years$1,082$655$381$215$118$8
44 years$1,046$624$357$198$108$7
45 years$1,011$595$336$183$98$6
46 years$978$568$315$169$89$5
47 years$946$542$296$156$80$4
48 years$916$517$278$144$73$4
49 years$887$494$262$133$66$3
50 years$859$472$246$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $880,000, adding $5,159 every year, while hoping to spend $53,506 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: 48/47/5 Blend
76$880,000$880,000$880,000$880,000
77$975,082$928,442$914,802$1,020,409
78$1,017,610$917,005$888,517$1,040,494
79$1,062,683$903,215$859,559$1,056,172
80$1,110,503$886,900$827,782$1,071,918
81$1,161,294$867,877$793,031$1,087,750
82$1,215,296$845,953$755,149$1,103,693
83$1,272,777$820,926$713,967$1,119,781
84$1,334,027$792,578$669,311$1,136,049
85$1,399,364$760,680$620,999$1,152,547
86$1,469,138$724,992$568,841$1,169,327
87$1,543,730$685,257$512,637$1,186,458
88$1,623,559$641,203$452,180$1,204,016
89$1,709,086$592,546$387,252$1,222,092
90$1,800,815$538,983$317,627$1,240,792
91$1,899,298$480,193$243,067$1,260,239
92$2,005,142$415,838$163,325$1,280,574
93$2,119,014$345,562$78,144$1,301,962
94$2,241,645$268,986$0$1,324,589
95$2,373,840$185,713$0$1,349,349
96$2,516,480$95,321$0$1,380,301
97$2,670,535$0$0$1,413,564
98$2,837,071$0$0$1,450,833
99$3,017,259$0$0$1,544,575
100$3,212,387$0$0$1,646,170