Can I retire at age 77 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$125,520$124,402$123,311$122,247$121,207$117,233
2 years$62,139$60,981$59,860$58,772$57,718$53,752
3 years$41,014$39,852$38,733$37,656$36,618$32,786
4 years$30,454$29,295$28,188$27,129$26,117$22,446
5 years$24,120$22,968$21,875$20,838$19,853$16,354
6 years$19,898$18,755$17,678$16,664$15,709$12,385
7 years$16,884$15,751$14,691$13,700$12,776$9,626
8 years$14,624$13,501$12,459$11,493$10,599$7,621
9 years$12,868$11,755$10,731$9,789$8,926$6,116
10 years$11,463$10,362$9,355$8,439$7,605$4,960
11 years$10,315$9,224$8,236$7,344$6,541$4,054
12 years$9,359$8,279$7,310$6,442$5,668$3,335
13 years$8,550$7,482$6,531$5,687$4,943$2,758
14 years$7,858$6,801$5,868$5,048$4,333$2,289
15 years$7,258$6,213$5,298$4,502$3,815$1,907
16 years$6,734$5,700$4,803$4,031$3,372$1,593
17 years$6,272$5,250$4,371$3,622$2,989$1,333
18 years$5,862$4,851$3,990$3,264$2,658$1,118
19 years$5,495$4,496$3,653$2,950$2,369$939
20 years$5,166$4,178$3,352$2,671$2,116$790
21 years$4,868$3,891$3,083$2,424$1,894$665
22 years$4,598$3,632$2,842$2,204$1,698$560
23 years$4,352$3,397$2,624$2,008$1,524$473
24 years$4,126$3,183$2,427$1,831$1,370$399
25 years$3,919$2,987$2,248$1,672$1,232$337
26 years$3,728$2,807$2,084$1,529$1,110$284
27 years$3,551$2,642$1,936$1,399$1,001$240
28 years$3,388$2,490$1,799$1,282$903$203
29 years$3,236$2,349$1,675$1,176$815$172
30 years$3,094$2,218$1,560$1,079$737$145
31 years$2,962$2,097$1,454$991$666$123
32 years$2,838$1,984$1,357$911$603$104
33 years$2,722$1,879$1,267$838$545$88
34 years$2,613$1,781$1,184$771$494$74
35 years$2,511$1,689$1,107$709$447$63
36 years$2,414$1,603$1,035$653$405$53
37 years$2,323$1,523$969$602$367$45
38 years$2,237$1,447$907$555$333$38
39 years$2,155$1,376$850$512$302$32
40 years$2,078$1,309$797$472$274$27
41 years$2,005$1,246$747$435$248$23
42 years$1,935$1,187$701$402$225$20
43 years$1,869$1,131$658$371$205$17
44 years$1,806$1,078$617$342$186$14
45 years$1,746$1,028$580$316$169$12
46 years$1,689$981$544$292$153$10
47 years$1,634$936$511$270$139$9
48 years$1,582$893$481$249$126$7
49 years$1,532$853$452$231$115$6
50 years$1,484$815$425$213$104$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,520,000, adding $4,806 every year, while hoping to spend $38,891 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: 41/31/28 Blend
76$1,520,000$1,520,000$1,520,000$1,520,000
77$1,679,997$1,599,437$1,575,877$1,734,876
78$1,809,977$1,636,430$1,587,290$1,812,012
79$1,951,912$1,673,932$1,597,781$1,891,458
80$2,106,979$1,711,927$1,607,279$1,976,714
81$2,276,477$1,750,397$1,615,708$2,068,338
82$2,461,832$1,789,321$1,622,989$2,166,945
83$2,664,618$1,828,677$1,629,038$2,273,214
84$2,886,566$1,868,439$1,633,768$2,387,895
85$3,129,583$1,908,580$1,637,086$2,511,813
86$3,395,768$1,949,068$1,638,896$2,645,878
87$3,687,434$1,989,869$1,639,097$2,791,095
88$4,007,126$2,030,947$1,637,580$2,948,572
89$4,357,649$2,072,260$1,634,236$3,119,530
90$4,742,092$2,113,764$1,628,946$3,305,317
91$5,163,858$2,155,410$1,621,587$3,507,418
92$5,626,692$2,197,146$1,612,032$3,727,473
93$6,134,724$2,238,915$1,600,144$3,967,288
94$6,692,499$2,280,656$1,585,782$4,228,857
95$7,305,027$2,322,300$1,568,798$4,514,379
96$7,977,824$2,363,777$1,549,037$4,826,278
97$8,716,968$2,405,008$1,526,336$5,167,228
98$9,529,155$2,445,910$1,500,524$5,540,178
99$10,421,761$2,486,393$1,471,425$5,948,380
100$11,402,914$2,526,359$1,438,850$6,395,421