Can I retire at age 77 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$109,004$108,033$107,086$106,161$105,259$103,857
2 years$53,963$52,958$51,984$51,039$50,123$48,714
3 years$35,618$34,608$33,637$32,701$31,800$30,426
4 years$26,447$25,441$24,479$23,559$22,680$21,352
5 years$20,946$19,946$18,997$18,096$17,241$15,963
6 years$17,280$16,287$15,352$14,471$13,642$12,416
7 years$14,662$13,678$12,758$11,898$11,095$9,920
8 years$12,700$11,725$10,820$9,981$9,204$8,082
9 years$11,175$10,208$9,319$8,501$7,751$6,680
10 years$9,955$8,998$8,124$7,328$6,604$5,584
11 years$8,958$8,011$7,153$6,378$5,680$4,709
12 years$8,127$7,190$6,348$5,594$4,922$4,000
13 years$7,425$6,498$5,671$4,939$4,292$3,417
14 years$6,824$5,906$5,096$4,384$3,763$2,933
15 years$6,303$5,395$4,601$3,910$3,313$2,528
16 years$5,848$4,950$4,171$3,501$2,928$2,186
17 years$5,447$4,559$3,796$3,146$2,596$1,896
18 years$5,091$4,213$3,465$2,835$2,308$1,649
19 years$4,772$3,904$3,172$2,561$2,057$1,436
20 years$4,486$3,628$2,911$2,320$1,838$1,253
21 years$4,228$3,379$2,678$2,105$1,645$1,096
22 years$3,993$3,154$2,468$1,914$1,474$959
23 years$3,779$2,950$2,279$1,743$1,323$840
24 years$3,583$2,764$2,107$1,590$1,189$737
25 years$3,403$2,594$1,952$1,452$1,070$647
26 years$3,237$2,438$1,810$1,328$964$568
27 years$3,084$2,294$1,681$1,215$869$500
28 years$2,942$2,162$1,563$1,114$784$440
29 years$2,810$2,040$1,454$1,021$708$387
30 years$2,687$1,926$1,355$937$640$341
31 years$2,572$1,821$1,263$861$579$300
32 years$2,465$1,723$1,178$791$523$264
33 years$2,364$1,632$1,100$727$474$233
34 years$2,269$1,546$1,028$669$429$205
35 years$2,180$1,467$961$616$388$181
36 years$2,096$1,392$899$567$352$160
37 years$2,017$1,322$841$523$319$141
38 years$1,943$1,257$788$482$289$124
39 years$1,872$1,195$738$444$262$110
40 years$1,805$1,137$692$410$238$97
41 years$1,741$1,082$649$378$216$86
42 years$1,681$1,031$609$349$196$75
43 years$1,623$982$571$322$178$67
44 years$1,568$936$536$297$161$59
45 years$1,516$893$503$275$146$52
46 years$1,466$852$473$254$133$46
47 years$1,419$813$444$234$121$41
48 years$1,374$776$417$217$110$36
49 years$1,330$741$392$200$100$32
50 years$1,289$708$369$185$90$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,320,000, adding $4,370 every year, while hoping to spend $53,207 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: 36/35/29 Blend
76$1,320,000$1,320,000$1,320,000$1,320,000
77$1,459,148$1,389,188$1,368,728$1,498,855
78$1,551,369$1,400,646$1,357,968$1,540,309
79$1,651,213$1,410,883$1,345,065$1,579,924
80$1,759,403$1,419,781$1,329,890$1,621,681
81$1,876,730$1,427,219$1,312,310$1,665,809
82$2,004,067$1,433,063$1,292,183$1,712,564
83$2,142,374$1,437,175$1,269,363$1,762,232
84$2,292,706$1,439,407$1,243,696$1,815,131
85$2,456,224$1,439,599$1,215,022$1,871,615
86$2,634,204$1,437,586$1,183,171$1,932,079
87$2,828,054$1,433,188$1,147,968$1,996,962
88$3,039,318$1,426,217$1,109,228$2,066,755
89$3,269,700$1,416,473$1,066,759$2,142,001
90$3,521,073$1,403,744$1,020,358$2,223,304
91$3,795,498$1,387,803$969,816$2,311,338
92$4,095,246$1,368,413$914,912$2,406,848
93$4,422,815$1,345,319$855,416$2,510,666
94$4,780,957$1,318,254$791,087$2,623,711
95$5,172,700$1,286,934$721,674$2,747,007
96$5,601,380$1,251,058$646,914$2,881,686
97$6,070,668$1,210,308$566,533$3,029,007
98$6,584,610$1,164,346$480,245$3,190,366
99$7,147,657$1,112,816$387,751$3,367,308
100$7,764,715$1,055,341$288,737$3,561,547