Can I retire at age 77 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$159,378$157,958$156,573$155,221$153,901$149,937
2 years$78,900$77,430$76,006$74,625$73,286$69,319
3 years$52,077$50,602$49,181$47,813$46,496$42,649
4 years$38,669$37,198$35,791$34,447$33,161$29,465
5 years$30,626$29,163$27,775$26,458$25,209$21,673
6 years$25,265$23,814$22,447$21,159$19,947$16,576
7 years$21,438$19,999$18,653$17,396$16,222$13,015
8 years$18,569$17,143$15,819$14,593$13,458$10,414
9 years$16,339$14,926$13,625$12,430$11,333$8,450
10 years$14,555$13,156$11,879$10,715$9,657$6,930
11 years$13,097$11,712$10,458$9,325$8,305$5,731
12 years$11,883$10,512$9,281$8,179$7,197$4,771
13 years$10,857$9,500$8,292$7,221$6,276$3,993
14 years$9,977$8,635$7,451$6,410$5,501$3,356
15 years$9,216$7,889$6,727$5,717$4,844$2,831
16 years$8,551$7,238$6,099$5,119$4,281$2,396
17 years$7,964$6,666$5,550$4,599$3,796$2,032
18 years$7,443$6,159$5,066$4,145$3,375$1,727
19 years$6,978$5,708$4,638$3,745$3,008$1,470
20 years$6,559$5,305$4,256$3,392$2,687$1,254
21 years$6,181$4,941$3,915$3,078$2,405$1,070
22 years$5,838$4,612$3,608$2,799$2,155$915
23 years$5,525$4,314$3,332$2,549$1,935$782
24 years$5,239$4,042$3,081$2,325$1,739$670
25 years$4,976$3,793$2,854$2,123$1,565$574
26 years$4,733$3,565$2,647$1,941$1,410$492
27 years$4,509$3,355$2,458$1,777$1,271$422
28 years$4,302$3,161$2,285$1,628$1,147$362
29 years$4,108$2,982$2,126$1,493$1,035$310
30 years$3,929$2,816$1,980$1,370$936$266
31 years$3,761$2,662$1,846$1,258$846$229
32 years$3,604$2,519$1,723$1,157$765$196
33 years$3,456$2,386$1,608$1,064$692$169
34 years$3,318$2,261$1,503$979$627$145
35 years$3,188$2,145$1,405$901$568$124
36 years$3,065$2,036$1,314$830$515$107
37 years$2,950$1,933$1,230$764$466$92
38 years$2,840$1,837$1,152$705$423$79
39 years$2,737$1,747$1,079$650$383$68
40 years$2,639$1,662$1,012$599$348$58
41 years$2,546$1,582$949$553$315$50
42 years$2,457$1,507$890$510$286$43
43 years$2,373$1,436$835$471$260$37
44 years$2,293$1,369$784$435$236$32
45 years$2,217$1,305$736$402$214$27
46 years$2,144$1,245$691$371$194$24
47 years$2,075$1,188$649$343$176$20
48 years$2,008$1,134$610$317$160$17
49 years$1,945$1,083$574$293$146$15
50 years$1,884$1,035$539$271$132$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,930,000, adding $4,848 every year, while hoping to spend $22,601 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: 31/50/19 Blend
76$1,930,000$1,930,000$1,930,000$1,930,000
77$2,131,861$2,029,571$1,999,656$2,185,146
78$2,325,263$2,104,972$2,042,597$2,301,012
79$2,537,635$2,183,311$2,086,219$2,423,264
80$2,770,888$2,264,707$2,130,521$2,554,388
81$3,027,126$2,349,286$2,175,502$2,695,169
82$3,308,670$2,437,178$2,221,158$2,846,466
83$3,618,073$2,528,518$2,267,485$3,009,223
84$3,958,151$2,623,450$2,314,481$3,184,476
85$4,332,005$2,722,121$2,362,138$3,373,360
86$4,743,050$2,824,686$2,410,450$3,577,122
87$5,195,051$2,931,306$2,459,410$3,797,132
88$5,692,155$3,042,148$2,509,009$4,034,891
89$6,238,931$3,157,390$2,559,237$4,292,052
90$6,840,412$3,277,212$2,610,082$4,570,428
91$7,502,145$3,401,807$2,661,531$4,872,011
92$8,230,242$3,531,373$2,713,570$5,198,990
93$9,031,435$3,666,118$2,766,183$5,553,772
94$9,913,143$3,806,260$2,819,352$5,939,002
95$10,883,542$3,952,025$2,873,058$6,357,586
96$11,951,638$4,103,649$2,927,280$6,812,724
97$13,127,355$4,261,378$2,981,995$7,307,928
98$14,421,631$4,425,471$3,037,177$7,847,066
99$15,846,514$4,596,196$3,092,799$8,434,390
100$17,415,282$4,773,833$3,148,832$9,074,577