Can I retire at age 77 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$110,656$109,670$108,709$107,770$106,853$106,314
2 years$54,780$53,760$52,771$51,813$50,883$50,338
3 years$36,157$35,133$34,146$33,197$32,282$31,749
4 years$26,848$25,826$24,850$23,916$23,024$22,507
5 years$21,263$20,248$19,285$18,370$17,502$17,003
6 years$17,542$16,534$15,585$14,691$13,849$13,368
7 years$14,885$13,885$12,951$12,078$11,263$10,800
8 years$12,893$11,902$10,983$10,132$9,344$8,899
9 years$11,344$10,363$9,460$8,630$7,869$7,443
10 years$10,106$9,135$8,248$7,439$6,705$6,297
11 years$9,093$8,132$7,261$6,474$5,766$5,376
12 years$8,250$7,299$6,444$5,679$4,997$4,624
13 years$7,538$6,596$5,757$5,014$4,357$4,002
14 years$6,927$5,996$5,173$4,451$3,820$3,481
15 years$6,399$5,477$4,670$3,969$3,363$3,041
16 years$5,937$5,025$4,234$3,554$2,972$2,666
17 years$5,529$4,628$3,853$3,193$2,635$2,345
18 years$5,168$4,276$3,517$2,878$2,343$2,068
19 years$4,845$3,963$3,220$2,600$2,089$1,827
20 years$4,554$3,683$2,955$2,355$1,866$1,618
21 years$4,292$3,430$2,718$2,137$1,670$1,436
22 years$4,053$3,202$2,505$1,943$1,496$1,276
23 years$3,836$2,995$2,313$1,770$1,343$1,135
24 years$3,637$2,806$2,139$1,614$1,207$1,011
25 years$3,455$2,633$1,981$1,474$1,086$901
26 years$3,286$2,475$1,838$1,348$979$804
27 years$3,131$2,329$1,706$1,234$882$718
28 years$2,987$2,195$1,586$1,130$796$642
29 years$2,853$2,071$1,476$1,037$719$574
30 years$2,728$1,955$1,375$951$650$514
31 years$2,611$1,849$1,282$874$587$460
32 years$2,502$1,749$1,196$803$531$412
33 years$2,400$1,656$1,117$738$481$370
34 years$2,304$1,570$1,043$679$435$331
35 years$2,213$1,489$976$625$394$297
36 years$2,128$1,413$913$576$357$266
37 years$2,048$1,342$854$531$324$239
38 years$1,972$1,276$800$489$294$215
39 years$1,900$1,213$749$451$266$193
40 years$1,832$1,154$702$416$241$173
41 years$1,767$1,099$659$384$219$155
42 years$1,706$1,046$618$354$199$139
43 years$1,648$997$580$327$180$125
44 years$1,592$950$544$302$164$113
45 years$1,539$906$511$279$149$101
46 years$1,489$864$480$258$135$91
47 years$1,441$825$451$238$123$82
48 years$1,394$788$424$220$111$73
49 years$1,350$752$398$203$101$66
50 years$1,308$718$374$188$92$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,340,000, adding $3,076 every year, while hoping to spend $42,163 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: 82/9/9 Blend
76$1,340,000$1,340,000$1,340,000$1,340,000
77$1,479,853$1,408,833$1,388,063$1,599,084
78$1,585,937$1,433,005$1,389,702$1,701,754
79$1,701,428$1,456,948$1,389,983$1,808,532
80$1,827,242$1,480,606$1,388,815$1,924,480
81$1,964,385$1,503,920$1,386,105$2,050,494
82$2,113,966$1,526,826$1,381,753$2,187,561
83$2,277,205$1,549,255$1,375,656$2,336,765
84$2,455,443$1,571,132$1,367,704$2,499,305
85$2,650,160$1,592,379$1,357,784$2,676,497
86$2,862,982$1,612,911$1,345,775$2,869,793
87$3,095,701$1,632,639$1,331,554$3,080,792
88$3,350,289$1,651,465$1,314,987$3,311,254
89$3,628,918$1,669,286$1,295,939$3,563,121
90$3,933,980$1,685,993$1,274,265$3,838,529
91$4,268,108$1,701,468$1,249,815$4,139,834
92$4,634,202$1,715,587$1,222,430$4,469,629
93$5,035,456$1,728,217$1,191,947$4,830,774
94$5,475,387$1,739,214$1,158,193$5,226,418
95$5,957,871$1,748,430$1,120,986$5,660,030
96$6,487,174$1,755,703$1,080,139$6,135,434
97$7,067,996$1,760,863$1,035,454$6,656,844
98$7,705,514$1,763,728$986,725$7,228,901
99$8,405,432$1,764,106$933,736$7,856,721
100$9,174,031$1,761,792$876,261$8,545,940