Can I retire at age 77 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$163,507$162,050$160,629$159,242$157,888$155,145
2 years$80,944$79,436$77,975$76,559$75,185$72,430
3 years$53,427$51,913$50,455$49,052$47,700$45,020
4 years$39,671$38,161$36,718$35,339$34,020$31,434
5 years$31,419$29,919$28,495$27,144$25,862$23,378
6 years$25,920$24,431$23,028$21,707$20,463$18,085
7 years$21,994$20,517$19,137$17,847$16,642$14,369
8 years$19,050$17,587$16,229$14,971$13,806$11,639
9 years$16,762$15,313$13,978$12,752$11,627$9,563
10 years$14,932$13,497$12,187$10,992$9,907$7,945
11 years$13,437$12,016$10,729$9,567$8,520$6,659
12 years$12,191$10,785$9,522$8,391$7,383$5,620
13 years$11,138$9,746$8,507$7,408$6,438$4,770
14 years$10,236$8,859$7,644$6,576$5,644$4,067
15 years$9,455$8,093$6,901$5,865$4,969$3,481
16 years$8,772$7,425$6,257$5,251$4,392$2,990
17 years$8,170$6,838$5,693$4,718$3,894$2,575
18 years$7,636$6,319$5,197$4,252$3,463$2,222
19 years$7,159$5,856$4,758$3,842$3,086$1,922
20 years$6,729$5,442$4,367$3,480$2,757$1,665
21 years$6,342$5,069$4,016$3,158$2,467$1,444
22 years$5,989$4,732$3,702$2,871$2,211$1,254
23 years$5,668$4,425$3,418$2,615$1,985$1,091
24 years$5,375$4,146$3,161$2,385$1,784$949
25 years$5,105$3,891$2,928$2,178$1,605$827
26 years$4,856$3,657$2,715$1,992$1,446$721
27 years$4,626$3,442$2,521$1,823$1,304$628
28 years$4,413$3,243$2,344$1,670$1,176$548
29 years$4,215$3,059$2,181$1,532$1,062$479
30 years$4,030$2,889$2,032$1,406$960$418
31 years$3,858$2,731$1,894$1,291$868$365
32 years$3,697$2,584$1,767$1,186$785$319
33 years$3,546$2,448$1,650$1,091$710$279
34 years$3,404$2,320$1,542$1,004$643$244
35 years$3,270$2,200$1,441$924$583$213
36 years$3,145$2,088$1,348$851$528$187
37 years$3,026$1,983$1,262$784$478$163
38 years$2,914$1,885$1,182$723$434$143
39 years$2,808$1,792$1,107$666$393$125
40 years$2,707$1,705$1,038$615$357$109
41 years$2,612$1,623$973$567$324$96
42 years$2,521$1,546$913$523$294$84
43 years$2,435$1,473$857$483$267$73
44 years$2,353$1,404$804$446$242$64
45 years$2,274$1,339$755$412$220$56
46 years$2,200$1,277$709$381$199$49
47 years$2,129$1,219$666$352$181$43
48 years$2,060$1,164$626$325$164$38
49 years$1,995$1,111$588$300$149$33
50 years$1,933$1,061$553$278$136$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,980,000, adding $6,852 every year, while hoping to spend $48,765 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: 37/46/17 Blend
76$1,980,000$1,980,000$1,980,000$1,980,000
77$2,189,028$2,084,088$2,053,398$2,258,515
78$2,360,423$2,134,323$2,070,301$2,359,500
79$2,547,666$2,185,384$2,086,136$2,463,376
80$2,752,322$2,237,262$2,100,816$2,574,546
81$2,976,114$2,289,943$2,114,248$2,693,690
82$3,220,939$2,343,412$2,126,337$2,821,558
83$3,488,886$2,397,650$2,136,981$2,958,975
84$3,782,255$2,452,638$2,146,072$3,106,850
85$4,103,579$2,508,351$2,153,499$3,266,185
86$4,455,648$2,564,763$2,159,145$3,438,085
87$4,841,532$2,621,845$2,162,885$3,623,765
88$5,264,617$2,679,564$2,164,589$3,824,567
89$5,728,627$2,737,882$2,164,122$4,041,968
90$6,237,667$2,796,758$2,161,341$4,277,597
91$6,796,258$2,856,148$2,156,095$4,533,250
92$7,409,380$2,916,003$2,148,227$4,810,906
93$8,082,516$2,976,267$2,137,573$5,112,745
94$8,821,710$3,036,881$2,123,959$5,441,172
95$9,633,618$3,097,782$2,107,204$5,798,840
96$10,525,571$3,158,897$2,087,119$6,188,669
97$11,505,647$3,220,150$2,063,506$6,613,882
98$12,582,744$3,281,459$2,036,154$7,078,031
99$13,766,666$3,342,733$2,004,848$7,585,030
100$15,068,213$3,403,874$1,969,358$8,139,197