Can I retire at age 77 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$76,799$76,114$75,447$74,796$74,160$73,507
2 years$38,019$37,311$36,625$35,959$35,314$34,657
3 years$25,094$24,383$23,699$23,040$22,405$21,763
4 years$18,633$17,924$17,247$16,599$15,979$15,358
5 years$14,757$14,053$13,384$12,749$12,147$11,548
6 years$12,175$11,475$10,816$10,196$9,612$9,035
7 years$10,330$9,637$8,988$8,383$7,817$7,263
8 years$8,948$8,261$7,623$7,032$6,485$5,955
9 years$7,873$7,192$6,566$5,990$5,461$4,954
10 years$7,014$6,340$5,724$5,163$4,653$4,169
11 years$6,311$5,644$5,039$4,493$4,002$3,540
12 years$5,726$5,066$4,472$3,941$3,468$3,027
13 years$5,231$4,578$3,996$3,480$3,024$2,605
14 years$4,808$4,161$3,590$3,089$2,651$2,253
15 years$4,441$3,801$3,241$2,755$2,334$1,956
16 years$4,120$3,488$2,939$2,467$2,063$1,704
17 years$3,838$3,212$2,674$2,216$1,829$1,490
18 years$3,587$2,968$2,441$1,997$1,626$1,305
19 years$3,362$2,751$2,235$1,805$1,450$1,146
20 years$3,161$2,556$2,051$1,634$1,295$1,008
21 years$2,979$2,381$1,887$1,483$1,159$889
22 years$2,813$2,222$1,739$1,349$1,039$784
23 years$2,662$2,079$1,605$1,228$932$693
24 years$2,524$1,948$1,485$1,120$838$613
25 years$2,398$1,828$1,375$1,023$754$543
26 years$2,281$1,718$1,275$935$679$481
27 years$2,173$1,617$1,184$856$612$427
28 years$2,073$1,523$1,101$785$553$379
29 years$1,980$1,437$1,025$719$499$336
30 years$1,893$1,357$954$660$451$299
31 years$1,812$1,283$890$606$408$266
32 years$1,736$1,214$830$557$369$236
33 years$1,665$1,150$775$512$334$210
34 years$1,599$1,090$724$472$302$187
35 years$1,536$1,033$677$434$274$166
36 years$1,477$981$633$400$248$148
37 years$1,421$932$593$368$225$132
38 years$1,369$885$555$339$204$117
39 years$1,319$842$520$313$185$105
40 years$1,271$801$488$289$168$93
41 years$1,227$762$457$266$152$83
42 years$1,184$726$429$246$138$74
43 years$1,144$692$402$227$125$66
44 years$1,105$659$378$210$114$59
45 years$1,068$629$355$194$103$52
46 years$1,033$600$333$179$94$47
47 years$1,000$573$313$165$85$42
48 years$968$547$294$153$77$37
49 years$937$522$276$141$70$33
50 years$908$499$260$130$64$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $930,000, adding $5,494 every year, while hoping to spend $45,418 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: 44/34/22 Blend
76$930,000$930,000$930,000$930,000
77$1,030,527$981,237$966,822$1,069,086
78$1,087,316$980,993$950,886$1,096,632
79$1,148,376$979,215$932,894$1,121,619
80$1,214,094$975,780$912,729$1,147,782
81$1,284,895$970,557$890,269$1,175,254
82$1,361,247$963,407$865,386$1,204,183
83$1,443,664$954,184$837,947$1,234,735
84$1,532,710$942,731$807,810$1,267,097
85$1,629,005$928,883$774,830$1,301,478
86$1,733,230$912,466$738,854$1,338,110
87$1,846,136$893,293$699,722$1,377,254
88$1,968,546$871,168$657,267$1,419,203
89$2,101,366$845,884$611,314$1,464,282
90$2,245,593$817,219$561,680$1,512,853
91$2,402,322$784,942$508,175$1,565,323
92$2,572,759$748,805$450,599$1,622,141
93$2,758,231$708,547$388,745$1,683,813
94$2,960,198$663,892$322,395$1,750,897
95$3,180,264$614,549$251,321$1,824,017
96$3,420,199$560,210$175,288$1,903,865
97$3,681,946$500,547$94,047$1,991,214
98$3,967,648$435,217$7,341$2,086,919
99$4,279,661$363,856$0$2,191,932
100$4,620,579$286,077$0$2,327,309