Can I retire at age 77 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$164,332$162,869$161,440$160,046$158,685$156,508
2 years$81,353$79,838$78,369$76,945$75,564$73,375
3 years$53,696$52,175$50,710$49,300$47,941$45,807
4 years$39,871$38,354$36,904$35,518$34,192$32,130
5 years$31,578$30,070$28,639$27,281$25,992$24,008
6 years$26,051$24,554$23,145$21,817$20,567$18,663
7 years$22,105$20,621$19,233$17,937$16,726$14,904
8 years$19,146$17,676$16,311$15,047$13,876$12,134
9 years$16,847$15,390$14,049$12,816$11,686$10,024
10 years$15,008$13,565$12,248$11,048$9,957$8,374
11 years$13,504$12,077$10,783$9,615$8,563$7,058
12 years$12,253$10,839$9,570$8,434$7,421$5,991
13 years$11,194$9,796$8,550$7,446$6,471$5,115
14 years$10,288$8,904$7,682$6,609$5,672$4,388
15 years$9,503$8,134$6,936$5,894$4,994$3,779
16 years$8,816$7,463$6,288$5,278$4,414$3,266
17 years$8,212$6,873$5,722$4,742$3,914$2,830
18 years$7,675$6,351$5,224$4,274$3,480$2,459
19 years$7,195$5,886$4,782$3,862$3,102$2,141
20 years$6,763$5,469$4,389$3,497$2,771$1,867
21 years$6,374$5,095$4,037$3,174$2,479$1,630
22 years$6,020$4,756$3,720$2,886$2,222$1,426
23 years$5,697$4,448$3,435$2,628$1,995$1,249
24 years$5,402$4,167$3,177$2,397$1,793$1,094
25 years$5,131$3,911$2,943$2,189$1,614$960
26 years$4,881$3,676$2,729$2,002$1,453$843
27 years$4,649$3,459$2,534$1,832$1,310$740
28 years$4,435$3,259$2,356$1,679$1,182$651
29 years$4,236$3,075$2,192$1,539$1,068$572
30 years$4,051$2,904$2,042$1,413$965$503
31 years$3,878$2,745$1,904$1,298$872$443
32 years$3,716$2,598$1,776$1,192$789$390
33 years$3,564$2,460$1,658$1,097$714$343
34 years$3,421$2,331$1,550$1,009$646$303
35 years$3,287$2,211$1,449$929$586$267
36 years$3,161$2,099$1,355$855$530$235
37 years$3,041$1,993$1,269$788$481$207
38 years$2,928$1,894$1,188$726$436$183
39 years$2,822$1,801$1,113$670$395$161
40 years$2,721$1,714$1,043$618$359$142
41 years$2,625$1,632$978$570$325$125
42 years$2,534$1,554$918$526$295$110
43 years$2,447$1,480$861$486$268$97
44 years$2,364$1,411$808$448$243$86
45 years$2,286$1,346$759$414$221$76
46 years$2,211$1,284$713$382$200$67
47 years$2,139$1,225$670$353$182$59
48 years$2,071$1,170$629$327$165$52
49 years$2,006$1,117$591$302$150$46
50 years$1,943$1,067$556$279$136$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $1,990,000, adding $6,472 every year, while hoping to spend $28,137 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: 56/15/29 Blend
76$1,990,000$1,990,000$1,990,000$1,990,000
77$2,199,656$2,094,186$2,063,341$2,304,891
78$2,394,083$2,166,863$2,102,525$2,450,772
79$2,607,399$2,242,159$2,142,079$2,606,186
80$2,841,501$2,320,172$2,181,986$2,774,963
81$3,098,477$2,401,003$2,222,225$2,958,402
82$3,380,630$2,484,761$2,262,778$3,157,934
83$3,690,495$2,571,555$2,303,622$3,375,136
84$4,030,865$2,661,501$2,344,733$3,611,741
85$4,404,817$2,754,718$2,386,085$3,869,660
86$4,815,740$2,851,331$2,427,651$4,150,996
87$5,267,369$2,951,469$2,469,400$4,458,065
88$5,763,817$3,055,268$2,511,302$4,793,416
89$6,309,617$3,162,867$2,553,321$5,159,860
90$6,909,762$3,274,411$2,595,422$5,560,490
91$7,569,754$3,390,054$2,637,565$5,998,713
92$8,295,653$3,509,951$2,679,708$6,478,282
93$9,094,139$3,634,268$2,721,807$7,003,330
94$9,972,569$3,763,174$2,763,815$7,578,412
95$10,939,049$3,896,848$2,805,681$8,208,542
96$12,002,512$4,035,474$2,847,352$8,899,248
97$13,172,801$4,179,245$2,888,771$9,656,615
98$14,460,760$4,328,361$2,929,877$10,487,349
99$15,878,336$4,483,029$2,970,607$11,398,839
100$17,438,697$4,643,468$3,010,893$12,399,222