Can I retire at age 77 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$126,346$125,221$124,123$123,051$122,004$119,737
2 years$62,548$61,383$60,254$59,159$58,097$55,821
3 years$41,284$40,114$38,988$37,904$36,859$34,646
4 years$30,655$29,488$28,373$27,308$26,288$24,154
5 years$24,278$23,119$22,019$20,975$19,984$17,936
6 years$20,029$18,878$17,795$16,774$15,813$13,852
7 years$16,995$15,854$14,787$13,791$12,860$10,988
8 years$14,721$13,590$12,541$11,569$10,669$8,884
9 years$12,952$11,832$10,801$9,854$8,984$7,287
10 years$11,539$10,430$9,417$8,494$7,655$6,043
11 years$10,383$9,285$8,291$7,392$6,584$5,055
12 years$9,420$8,334$7,358$6,484$5,705$4,258
13 years$8,606$7,531$6,574$5,725$4,975$3,607
14 years$7,910$6,846$5,906$5,082$4,361$3,069
15 years$7,306$6,254$5,333$4,532$3,840$2,622
16 years$6,778$5,738$4,835$4,058$3,394$2,247
17 years$6,313$5,284$4,399$3,646$3,009$1,931
18 years$5,901$4,883$4,016$3,286$2,676$1,663
19 years$5,532$4,525$3,677$2,969$2,385$1,435
20 years$5,200$4,205$3,374$2,689$2,130$1,240
21 years$4,900$3,917$3,104$2,440$1,906$1,073
22 years$4,628$3,656$2,860$2,219$1,709$930
23 years$4,380$3,420$2,641$2,021$1,534$807
24 years$4,153$3,204$2,443$1,843$1,379$701
25 years$3,945$3,007$2,262$1,683$1,241$609
26 years$3,752$2,826$2,098$1,539$1,117$529
27 years$3,575$2,660$1,948$1,409$1,007$460
28 years$3,410$2,506$1,811$1,291$909$401
29 years$3,257$2,364$1,686$1,184$821$349
30 years$3,114$2,233$1,570$1,086$742$304
31 years$2,981$2,111$1,464$998$671$265
32 years$2,857$1,997$1,366$917$607$231
33 years$2,740$1,891$1,275$843$549$201
34 years$2,630$1,793$1,191$776$497$176
35 years$2,527$1,700$1,114$714$450$153
36 years$2,430$1,614$1,042$658$408$134
37 years$2,338$1,533$975$606$370$117
38 years$2,252$1,457$913$559$335$102
39 years$2,170$1,385$856$515$304$89
40 years$2,092$1,318$802$475$276$78
41 years$2,018$1,254$752$438$250$68
42 years$1,948$1,195$705$404$227$59
43 years$1,881$1,138$662$373$206$52
44 years$1,818$1,085$621$345$187$45
45 years$1,757$1,035$583$318$170$39
46 years$1,700$987$548$294$154$34
47 years$1,645$942$515$272$140$30
48 years$1,592$899$484$251$127$26
49 years$1,542$859$455$232$115$23
50 years$1,494$820$428$214$105$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,530,000, adding $2,346 every year, while hoping to spend $29,151 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: 37/36/27 Blend
76$1,530,000$1,530,000$1,530,000$1,530,000
77$1,688,480$1,607,390$1,583,675$1,737,236
78$1,829,688$1,655,136$1,605,712$1,821,147
79$1,984,323$1,704,244$1,627,509$1,908,888
80$2,153,723$1,754,750$1,649,030$2,003,103
81$2,339,362$1,806,692$1,670,231$2,104,394
82$2,542,864$1,860,107$1,691,071$2,213,425
83$2,766,017$1,915,033$1,711,503$2,330,929
84$3,010,790$1,971,510$1,731,478$2,457,708
85$3,279,354$2,029,577$1,750,946$2,594,649
86$3,574,097$2,089,276$1,769,852$2,742,726
87$3,897,652$2,150,647$1,788,139$2,903,012
88$4,252,918$2,213,734$1,805,747$3,076,689
89$4,643,089$2,278,581$1,822,613$3,265,058
90$5,071,683$2,345,230$1,838,669$3,469,551
91$5,542,576$2,413,728$1,853,846$3,691,747
92$6,060,038$2,484,119$1,868,069$3,933,383
93$6,628,773$2,556,452$1,881,260$4,196,373
94$7,253,963$2,630,774$1,893,338$4,482,825
95$7,941,318$2,707,132$1,904,215$4,795,062
96$8,697,128$2,785,577$1,913,801$5,135,641
97$9,528,322$2,866,158$1,922,001$5,507,381
98$10,442,538$2,948,926$1,928,715$5,913,387
99$11,448,186$3,033,933$1,933,837$6,357,078
100$12,554,537$3,121,231$1,937,256$6,842,224