Can I retire at age 77 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$132,127$130,950$129,801$128,681$127,586$124,552
2 years$65,409$64,191$63,010$61,866$60,755$57,717
3 years$43,173$41,950$40,772$39,638$38,546$35,597
4 years$32,057$30,837$29,671$28,557$27,491$24,655
5 years$25,389$24,177$23,026$21,934$20,898$18,183
6 years$20,945$19,742$18,609$17,541$16,536$13,944
7 years$17,773$16,579$15,464$14,422$13,448$10,980
8 years$15,394$14,212$13,115$12,098$11,157$8,811
9 years$13,545$12,374$11,296$10,305$9,396$7,171
10 years$12,067$10,907$9,848$8,883$8,005$5,899
11 years$10,858$9,710$8,670$7,731$6,885$4,894
12 years$9,851$8,715$7,694$6,781$5,966$4,088
13 years$9,000$7,876$6,874$5,986$5,203$3,433
14 years$8,271$7,159$6,177$5,314$4,561$2,895
15 years$7,640$6,540$5,577$4,739$4,016$2,451
16 years$7,089$6,000$5,056$4,243$3,549$2,081
17 years$6,602$5,526$4,601$3,813$3,147$1,772
18 years$6,171$5,106$4,200$3,436$2,798$1,511
19 years$5,785$4,732$3,845$3,105$2,494$1,292
20 years$5,438$4,398$3,529$2,812$2,228$1,106
21 years$5,124$4,096$3,246$2,552$1,993$947
22 years$4,840$3,824$2,991$2,320$1,787$813
23 years$4,581$3,576$2,762$2,113$1,604$698
24 years$4,343$3,351$2,554$1,927$1,442$600
25 years$4,125$3,144$2,366$1,760$1,297$516
26 years$3,924$2,955$2,194$1,609$1,169$444
27 years$3,738$2,781$2,038$1,473$1,054$382
28 years$3,566$2,621$1,894$1,350$951$329
29 years$3,406$2,472$1,763$1,238$858$284
30 years$3,257$2,335$1,642$1,136$776$244
31 years$3,118$2,207$1,531$1,043$701$211
32 years$2,987$2,088$1,428$959$634$182
33 years$2,865$1,978$1,333$882$574$157
34 years$2,751$1,875$1,246$811$520$135
35 years$2,643$1,778$1,165$747$471$117
36 years$2,541$1,688$1,090$688$427$101
37 years$2,445$1,603$1,020$634$387$87
38 years$2,355$1,523$955$584$350$75
39 years$2,269$1,448$895$539$318$65
40 years$2,187$1,378$839$497$288$56
41 years$2,110$1,312$786$458$262$48
42 years$2,037$1,249$738$423$237$42
43 years$1,967$1,190$692$390$215$36
44 years$1,901$1,135$650$361$195$31
45 years$1,838$1,082$610$333$177$27
46 years$1,778$1,032$573$308$161$23
47 years$1,720$985$538$284$146$20
48 years$1,665$940$506$263$133$17
49 years$1,612$898$476$243$121$15
50 years$1,562$858$447$224$110$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,600,000, adding $6,746 every year, while hoping to spend $20,966 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: 40/43/17 Blend
76$1,600,000$1,600,000$1,600,000$1,600,000
77$1,770,158$1,685,358$1,660,558$1,831,782
78$1,928,407$1,745,633$1,693,880$1,936,558
79$2,102,094$1,808,159$1,727,614$2,047,297
80$2,292,773$1,873,024$1,761,754$2,166,654
81$2,502,153$1,940,319$1,796,290$2,295,422
82$2,732,118$2,010,141$1,831,212$2,434,473
83$2,984,745$2,082,588$1,866,508$2,584,764
84$3,262,318$2,157,765$1,902,166$2,747,349
85$3,567,358$2,235,779$1,938,172$2,923,384
86$3,902,639$2,316,742$1,974,511$3,114,140
87$4,271,218$2,400,772$2,011,167$3,321,014
88$4,676,464$2,487,991$2,048,122$3,545,543
89$5,122,086$2,578,525$2,085,356$3,789,417
90$5,612,173$2,672,507$2,122,850$4,054,495
91$6,151,229$2,770,075$2,160,581$4,342,818
92$6,744,217$2,871,372$2,198,523$4,656,637
93$7,396,606$2,976,548$2,236,652$4,998,424
94$8,114,419$3,085,758$2,274,939$5,370,900
95$8,904,295$3,199,165$2,313,355$5,777,059
96$9,773,548$3,316,939$2,351,867$6,220,197
97$10,730,237$3,439,256$2,390,442$6,703,939
98$11,783,241$3,566,299$2,429,041$7,232,276
99$12,942,345$3,698,261$2,467,628$7,809,601
100$14,218,330$3,835,342$2,506,159$8,440,749