Can I retire at age 77 with 1,230,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$101,572$100,667$99,785$98,923$98,082$97,587
2 years$50,283$49,347$48,439$47,559$46,706$46,206
3 years$33,189$32,249$31,343$30,472$29,632$29,143
4 years$24,644$23,706$22,810$21,953$21,134$20,659
5 years$19,518$18,586$17,701$16,862$16,066$15,607
6 years$16,102$15,177$14,305$13,485$12,712$12,271
7 years$13,663$12,745$11,888$11,087$10,338$9,914
8 years$11,834$10,925$10,082$9,300$8,577$8,169
9 years$10,413$9,512$8,683$7,922$7,223$6,832
10 years$9,276$8,385$7,570$6,829$6,154$5,780
11 years$8,347$7,464$6,665$5,943$5,293$4,935
12 years$7,573$6,700$5,915$5,213$4,587$4,245
13 years$6,919$6,055$5,285$4,602$4,000$3,674
14 years$6,359$5,503$4,748$4,085$3,506$3,195
15 years$5,873$5,027$4,287$3,643$3,087$2,791
16 years$5,449$4,613$3,887$3,262$2,728$2,447
17 years$5,076$4,248$3,537$2,931$2,419$2,152
18 years$4,744$3,925$3,229$2,641$2,151$1,898
19 years$4,447$3,638$2,956$2,387$1,917$1,677
20 years$4,180$3,381$2,713$2,162$1,712$1,485
21 years$3,939$3,149$2,495$1,962$1,532$1,318
22 years$3,721$2,939$2,300$1,784$1,374$1,171
23 years$3,521$2,749$2,123$1,625$1,233$1,042
24 years$3,339$2,576$1,964$1,482$1,108$928
25 years$3,171$2,417$1,819$1,353$997$827
26 years$3,017$2,272$1,687$1,237$898$738
27 years$2,874$2,138$1,566$1,132$810$660
28 years$2,741$2,015$1,456$1,038$731$590
29 years$2,618$1,901$1,355$951$660$527
30 years$2,504$1,795$1,262$873$596$472
31 years$2,397$1,697$1,177$802$539$423
32 years$2,297$1,606$1,098$737$488$378
33 years$2,203$1,520$1,025$678$441$339
34 years$2,115$1,441$958$624$400$304
35 years$2,032$1,367$895$574$362$273
36 years$1,954$1,297$838$529$328$245
37 years$1,880$1,232$784$487$297$219
38 years$1,810$1,171$734$449$269$197
39 years$1,744$1,113$688$414$244$177
40 years$1,682$1,059$645$382$222$159
41 years$1,622$1,008$605$352$201$143
42 years$1,566$960$567$325$182$128
43 years$1,512$915$532$300$166$115
44 years$1,461$872$500$277$150$103
45 years$1,413$832$469$256$136$93
46 years$1,366$793$441$236$124$83
47 years$1,322$757$414$218$112$75
48 years$1,280$723$389$202$102$67
49 years$1,240$690$366$187$93$61
50 years$1,201$659$344$172$84$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,230,000, adding $3,968 every year, while hoping to spend $52,522 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: 69/9/22 Blend