Can I retire at age 77 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$131,301$130,131$128,990$127,876$126,789$125,256
2 years$65,000$63,790$62,617$61,479$60,376$58,833
3 years$42,903$41,687$40,517$39,390$38,305$36,801
4 years$31,857$30,645$29,486$28,378$27,319$25,865
5 years$25,231$24,026$22,882$21,797$20,768$19,367
6 years$20,815$19,619$18,492$17,432$16,433$15,088
7 years$17,662$16,476$15,367$14,331$13,364$12,076
8 years$15,298$14,123$13,033$12,022$11,087$9,854
9 years$13,460$12,296$11,225$10,240$9,337$8,160
10 years$11,991$10,839$9,786$8,827$7,955$6,833
11 years$10,790$9,649$8,616$7,682$6,842$5,773
12 years$9,790$8,661$7,646$6,738$5,929$4,913
13 years$8,944$7,827$6,831$5,949$5,170$4,206
14 years$8,220$7,114$6,138$5,281$4,532$3,618
15 years$7,593$6,499$5,542$4,710$3,991$3,124
16 years$7,044$5,963$5,024$4,217$3,527$2,707
17 years$6,561$5,491$4,572$3,789$3,127$2,353
18 years$6,132$5,074$4,174$3,415$2,781$2,050
19 years$5,749$4,703$3,821$3,085$2,478$1,790
20 years$5,404$4,370$3,507$2,794$2,214$1,566
21 years$5,092$4,071$3,225$2,536$1,981$1,372
22 years$4,810$3,800$2,973$2,306$1,776$1,203
23 years$4,552$3,554$2,745$2,100$1,594$1,057
24 years$4,316$3,330$2,538$1,915$1,433$929
25 years$4,099$3,125$2,351$1,749$1,289$817
26 years$3,900$2,937$2,180$1,599$1,161$720
27 years$3,715$2,764$2,025$1,464$1,047$634
28 years$3,544$2,604$1,882$1,341$945$559
29 years$3,385$2,457$1,752$1,230$853$494
30 years$3,237$2,320$1,632$1,129$771$436
31 years$3,098$2,193$1,521$1,037$697$385
32 years$2,969$2,075$1,419$953$630$340
33 years$2,847$1,965$1,325$876$570$300
34 years$2,734$1,863$1,238$806$517$265
35 years$2,626$1,767$1,158$742$468$235
36 years$2,525$1,677$1,083$683$424$207
37 years$2,430$1,593$1,014$630$384$183
38 years$2,340$1,514$949$580$348$162
39 years$2,255$1,439$889$535$316$144
40 years$2,174$1,369$833$494$286$127
41 years$2,097$1,304$782$455$260$112
42 years$2,024$1,241$733$420$236$100
43 years$1,955$1,183$688$388$214$88
44 years$1,889$1,128$646$358$194$78
45 years$1,826$1,075$606$331$176$69
46 years$1,766$1,026$569$306$160$61
47 years$1,709$979$535$282$145$54
48 years$1,655$934$503$261$132$48
49 years$1,602$892$473$241$120$42
50 years$1,552$852$444$223$109$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,590,000, adding $6,353 every year, while hoping to spend $54,464 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: 41/49/10 Blend
76$1,590,000$1,590,000$1,590,000$1,590,000
77$1,758,733$1,674,463$1,649,818$1,825,377
78$1,880,175$1,698,563$1,647,138$1,896,819
79$2,012,178$1,722,017$1,642,542$1,968,168
80$2,155,762$1,744,739$1,635,910$2,044,166
81$2,312,050$1,766,631$1,627,113$2,125,259
82$2,482,276$1,787,593$1,616,018$2,211,937
83$2,667,799$1,807,515$1,602,485$2,304,744
84$2,870,113$1,826,282$1,586,367$2,404,282
85$3,090,864$1,843,770$1,567,510$2,511,214
86$3,331,865$1,859,847$1,545,754$2,626,274
87$3,595,107$1,874,372$1,520,929$2,750,275
88$3,882,788$1,887,195$1,492,860$2,884,112
89$4,197,322$1,898,158$1,461,361$3,028,777
90$4,541,372$1,907,091$1,426,239$3,185,364
91$4,917,866$1,913,812$1,387,292$3,355,085
92$5,330,031$1,918,131$1,344,309$3,539,276
93$5,781,418$1,919,844$1,297,068$3,739,415
94$6,275,941$1,918,735$1,245,337$3,957,135
95$6,817,906$1,914,572$1,188,876$4,194,238
96$7,412,060$1,907,113$1,127,430$4,452,718
97$8,063,626$1,896,098$1,060,736$4,734,775
98$8,778,362$1,881,253$988,516$5,042,840
99$9,562,607$1,862,287$910,484$5,379,599
100$10,423,344$1,838,890$826,336$5,748,016