Can I retire at age 77 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$74,321$73,659$73,013$72,383$71,767$71,077
2 years$36,793$36,107$35,443$34,799$34,175$33,479
3 years$24,285$23,597$22,934$22,296$21,682$21,003
4 years$18,032$17,346$16,690$16,063$15,464$14,807
5 years$14,281$13,599$12,952$12,338$11,755$11,122
6 years$11,782$11,105$10,467$9,867$9,302$8,692
7 years$9,997$9,326$8,698$8,112$7,565$6,980
8 years$8,659$7,994$7,377$6,805$6,276$5,716
9 years$7,619$6,960$6,354$5,796$5,285$4,750
10 years$6,787$6,135$5,539$4,997$4,503$3,992
11 years$6,108$5,462$4,877$4,348$3,873$3,385
12 years$5,541$4,902$4,328$3,814$3,356$2,892
13 years$5,063$4,430$3,867$3,367$2,927$2,485
14 years$4,653$4,027$3,474$2,989$2,565$2,146
15 years$4,298$3,679$3,137$2,666$2,259$1,861
16 years$3,987$3,375$2,844$2,387$1,996$1,619
17 years$3,714$3,108$2,588$2,145$1,770$1,413
18 years$3,471$2,872$2,362$1,933$1,574$1,237
19 years$3,254$2,662$2,163$1,746$1,403$1,084
20 years$3,059$2,474$1,985$1,582$1,253$953
21 years$2,883$2,304$1,826$1,436$1,121$838
22 years$2,722$2,151$1,683$1,305$1,005$739
23 years$2,577$2,012$1,554$1,189$902$652
24 years$2,443$1,885$1,437$1,084$811$576
25 years$2,320$1,769$1,331$990$730$509
26 years$2,207$1,662$1,234$905$657$450
27 years$2,103$1,564$1,146$829$593$399
28 years$2,006$1,474$1,065$759$535$353
29 years$1,916$1,391$991$696$483$313
30 years$1,832$1,313$924$639$436$278
31 years$1,754$1,242$861$587$394$247
32 years$1,680$1,175$803$539$357$219
33 years$1,612$1,113$750$496$323$194
34 years$1,547$1,054$701$456$292$173
35 years$1,487$1,000$655$420$265$153
36 years$1,429$949$613$387$240$136
37 years$1,375$902$574$356$217$121
38 years$1,324$857$537$329$197$108
39 years$1,276$815$503$303$179$96
40 years$1,230$775$472$279$162$85
41 years$1,187$738$442$258$147$76
42 years$1,146$703$415$238$133$67
43 years$1,107$670$389$220$121$60
44 years$1,069$638$366$203$110$53
45 years$1,034$609$343$187$100$48
46 years$1,000$581$322$173$91$42
47 years$968$554$303$160$82$38
48 years$937$529$285$148$75$34
49 years$907$505$267$136$68$30
50 years$879$482$251$126$62$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $900,000, adding $3,697 every year, while hoping to spend $20,869 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: 72/6/22 Blend
76$900,000$900,000$900,000$900,000
77$995,613$947,913$933,963$1,061,657
78$1,074,962$972,157$943,047$1,130,385
79$1,161,704$996,889$951,735$1,202,801
80$1,256,572$1,022,111$959,993$1,281,598
81$1,360,373$1,047,825$967,783$1,367,410
82$1,473,994$1,074,031$975,066$1,460,931
83$1,598,412$1,100,729$981,802$1,562,928
84$1,734,704$1,127,919$987,947$1,674,244
85$1,884,056$1,155,599$993,455$1,795,811
86$2,047,772$1,183,766$998,278$1,928,652
87$2,227,291$1,212,417$1,002,367$2,073,898
88$2,424,197$1,241,547$1,005,668$2,232,792
89$2,640,233$1,271,151$1,008,125$2,406,706
90$2,877,320$1,301,221$1,009,682$2,597,149
91$3,137,576$1,331,750$1,010,275$2,805,788
92$3,423,332$1,362,728$1,009,842$3,034,457
93$3,737,154$1,394,145$1,008,314$3,285,177
94$4,081,873$1,425,987$1,005,622$3,560,176
95$4,460,604$1,458,240$1,001,690$3,861,908
96$4,876,781$1,490,889$996,442$4,193,081
97$5,334,185$1,523,915$989,796$4,556,673
98$5,836,984$1,557,299$981,666$4,955,972
99$6,389,768$1,591,018$971,963$5,394,598
100$6,997,594$1,625,048$960,593$5,876,541