Can I retire at age 77 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$95,792$94,938$94,106$93,293$92,500$90,081
2 years$47,422$46,538$45,683$44,853$44,048$41,627
3 years$31,300$30,413$29,560$28,738$27,946$25,599
4 years$23,241$22,357$21,512$20,704$19,931$17,677
5 years$18,407$17,528$16,694$15,902$15,151$12,995
6 years$15,185$14,313$13,491$12,717$11,989$9,933
7 years$12,885$12,020$11,211$10,456$9,750$7,795
8 years$11,161$10,303$9,508$8,771$8,089$6,234
9 years$9,820$8,971$8,189$7,471$6,812$5,055
10 years$8,748$7,908$7,140$6,440$5,804$4,143
11 years$7,872$7,040$6,286$5,605$4,992$3,424
12 years$7,142$6,318$5,578$4,916$4,326$2,848
13 years$6,525$5,710$4,984$4,340$3,772$2,382
14 years$5,997$5,190$4,478$3,853$3,307$2,001
15 years$5,539$4,741$4,043$3,436$2,911$1,687
16 years$5,139$4,350$3,666$3,077$2,573$1,426
17 years$4,787$4,006$3,336$2,764$2,281$1,209
18 years$4,474$3,702$3,045$2,491$2,029$1,027
19 years$4,194$3,431$2,788$2,251$1,808$874
20 years$3,942$3,188$2,558$2,039$1,615$744
21 years$3,715$2,970$2,353$1,850$1,445$635
22 years$3,509$2,772$2,169$1,682$1,295$542
23 years$3,321$2,593$2,002$1,532$1,163$463
24 years$3,149$2,429$1,852$1,397$1,045$396
25 years$2,991$2,280$1,715$1,276$941$339
26 years$2,845$2,143$1,591$1,167$847$291
27 years$2,710$2,016$1,477$1,068$764$249
28 years$2,585$1,900$1,373$979$689$213
29 years$2,469$1,792$1,278$897$622$183
30 years$2,361$1,693$1,190$824$562$157
31 years$2,260$1,600$1,110$756$508$135
32 years$2,166$1,514$1,035$695$460$115
33 years$2,077$1,434$967$639$416$99
34 years$1,994$1,359$903$588$377$85
35 years$1,916$1,289$844$541$341$73
36 years$1,842$1,223$790$499$309$63
37 years$1,773$1,162$739$459$280$54
38 years$1,707$1,104$692$423$254$46
39 years$1,645$1,050$649$390$230$40
40 years$1,586$999$608$360$209$34
41 years$1,530$951$570$332$190$29
42 years$1,477$906$535$307$172$25
43 years$1,426$863$502$283$156$22
44 years$1,378$823$471$261$142$19
45 years$1,332$784$442$241$129$16
46 years$1,289$748$415$223$117$14
47 years$1,247$714$390$206$106$12
48 years$1,207$682$367$190$96$10
49 years$1,169$651$345$176$87$9
50 years$1,133$622$324$163$79$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,160,000, adding $5,353 every year, while hoping to spend $33,652 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: 77/7/16 Blend
76$1,160,000$1,160,000$1,160,000$1,160,000
77$1,283,842$1,222,362$1,204,382$1,377,823
78$1,378,988$1,246,452$1,208,923$1,464,688
79$1,482,711$1,270,595$1,212,489$1,555,162
80$1,595,851$1,294,757$1,215,010$1,653,459
81$1,719,331$1,318,903$1,216,416$1,760,347
82$1,854,168$1,342,995$1,216,632$1,876,674
83$2,001,482$1,366,990$1,215,577$2,003,375
84$2,162,505$1,390,844$1,213,170$2,141,478
85$2,338,593$1,414,509$1,209,325$2,292,116
86$2,531,241$1,437,931$1,203,949$2,456,539
87$2,742,094$1,461,056$1,196,947$2,636,123
88$2,972,963$1,483,823$1,188,220$2,832,383
89$3,225,842$1,506,167$1,177,662$3,046,990
90$3,502,928$1,528,020$1,165,164$3,281,786
91$3,806,641$1,549,307$1,150,612$3,538,798
92$4,139,645$1,569,949$1,133,883$3,820,262
93$4,504,874$1,589,862$1,114,854$4,128,641
94$4,905,560$1,608,954$1,093,391$4,466,649
95$5,345,264$1,627,130$1,069,356$4,837,277
96$5,827,907$1,644,285$1,042,605$5,243,822
97$6,357,808$1,660,310$1,012,987$5,689,915
98$6,939,726$1,675,086$980,344$6,179,561
99$7,578,902$1,688,490$944,509$6,717,169
100$8,281,111$1,700,387$905,311$7,307,602