Can I retire at age 77 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$143,688$142,408$141,159$139,940$138,750$137,703
2 years$71,132$69,808$68,524$67,279$66,071$65,015
3 years$46,951$45,620$44,339$43,106$41,918$40,886
4 years$34,862$33,536$32,268$31,056$29,897$28,897
5 years$27,611$26,292$25,041$23,854$22,727$21,762
6 years$22,778$21,470$20,237$19,076$17,983$17,054
7 years$19,328$18,030$16,817$15,683$14,625$13,733
8 years$16,741$15,455$14,262$13,156$12,133$11,278
9 years$14,730$13,457$12,284$11,206$10,218$9,399
10 years$13,122$11,861$10,709$9,660$8,706$7,923
11 years$11,808$10,559$9,428$8,407$7,487$6,740
12 years$10,713$9,478$8,367$7,374$6,488$5,776
13 years$9,788$8,565$7,476$6,510$5,658$4,979
14 years$8,995$7,785$6,717$5,779$4,960$4,314
15 years$8,309$7,112$6,065$5,154$4,367$3,754
16 years$7,709$6,525$5,498$4,615$3,860$3,278
17 years$7,180$6,009$5,003$4,146$3,422$2,871
18 years$6,711$5,553$4,567$3,737$3,043$2,521
19 years$6,291$5,146$4,181$3,376$2,712$2,218
20 years$5,914$4,782$3,837$3,058$2,423$1,956
21 years$5,573$4,455$3,530$2,775$2,168$1,728
22 years$5,263$4,158$3,253$2,523$1,943$1,528
23 years$4,981$3,889$3,004$2,298$1,744$1,353
24 years$4,723$3,644$2,778$2,096$1,568$1,200
25 years$4,486$3,419$2,573$1,914$1,411$1,065
26 years$4,267$3,214$2,386$1,750$1,271$946
27 years$4,065$3,025$2,216$1,602$1,146$841
28 years$3,878$2,850$2,060$1,468$1,034$748
29 years$3,704$2,689$1,917$1,346$934$666
30 years$3,542$2,539$1,786$1,235$843$593
31 years$3,391$2,400$1,665$1,135$763$528
32 years$3,249$2,271$1,553$1,043$690$471
33 years$3,116$2,151$1,450$959$624$420
34 years$2,991$2,039$1,355$882$565$375
35 years$2,874$1,934$1,267$812$512$334
36 years$2,764$1,835$1,185$748$464$298
37 years$2,659$1,743$1,109$689$420$266
38 years$2,561$1,656$1,039$635$381$238
39 years$2,467$1,575$973$586$346$212
40 years$2,379$1,499$912$540$313$190
41 years$2,295$1,427$855$498$284$170
42 years$2,215$1,359$802$460$258$151
43 years$2,139$1,294$753$425$234$135
44 years$2,067$1,234$707$392$213$121
45 years$1,999$1,177$664$362$193$108
46 years$1,933$1,122$623$334$175$97
47 years$1,871$1,071$585$309$159$86
48 years$1,811$1,023$550$286$145$77
49 years$1,754$977$517$264$131$69
50 years$1,699$933$486$244$119$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,740,000, adding $6,563 every year, while hoping to spend $38,357 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: 53/29/18 Blend
76$1,740,000$1,740,000$1,740,000$1,740,000
77$1,924,250$1,832,030$1,805,060$2,016,491
78$2,079,712$1,880,988$1,824,718$2,129,376
79$2,249,745$1,931,059$1,843,749$2,247,554
80$2,435,796$1,982,258$1,862,091$2,375,305
81$2,639,456$2,034,597$1,879,680$2,513,550
82$2,862,479$2,088,091$1,896,447$2,663,306
83$3,106,794$2,142,750$1,912,321$2,825,690
84$3,374,529$2,198,586$1,927,225$3,001,933
85$3,668,024$2,255,610$1,941,080$3,193,392
86$3,989,858$2,313,830$1,953,802$3,401,559
87$4,342,872$2,373,256$1,965,303$3,628,080
88$4,730,193$2,433,894$1,975,489$3,874,767
89$5,155,269$2,495,751$1,984,264$4,143,616
90$5,621,893$2,558,830$1,991,524$4,436,828
91$6,134,249$2,623,135$1,997,162$4,756,824
92$6,696,941$2,688,667$2,001,066$5,106,274
93$7,315,042$2,755,425$2,003,115$5,488,120
94$7,994,143$2,823,408$2,003,186$5,905,601
95$8,740,401$2,892,610$2,001,148$6,362,290
96$9,560,599$2,963,025$1,996,863$6,862,121
97$10,462,210$3,034,644$1,990,189$7,409,429
98$11,453,469$3,107,454$1,980,973$8,008,990
99$12,543,445$3,181,442$1,969,058$8,666,071
100$13,742,133$3,256,589$1,954,278$9,386,471