Can I retire at age 77 with 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 $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%12.9%
1 years$76,799$76,114$75,447$74,796$74,160$73,263
2 years$38,019$37,311$36,625$35,959$35,314$34,412
3 years$25,094$24,383$23,699$23,040$22,405$21,525
4 years$18,633$17,924$17,247$16,599$15,979$15,129
5 years$14,757$14,053$13,384$12,749$12,147$11,328
6 years$12,175$11,475$10,816$10,196$9,612$8,825
7 years$10,330$9,637$8,988$8,383$7,817$7,063
8 years$8,948$8,261$7,623$7,032$6,485$5,764
9 years$7,873$7,192$6,566$5,990$5,461$4,773
10 years$7,014$6,340$5,724$5,163$4,653$3,997
11 years$6,311$5,644$5,039$4,493$4,002$3,377
12 years$5,726$5,066$4,472$3,941$3,468$2,874
13 years$5,231$4,578$3,996$3,480$3,024$2,460
14 years$4,808$4,161$3,590$3,089$2,651$2,116
15 years$4,441$3,801$3,241$2,755$2,334$1,827
16 years$4,120$3,488$2,939$2,467$2,063$1,584
17 years$3,838$3,212$2,674$2,216$1,829$1,376
18 years$3,587$2,968$2,441$1,997$1,626$1,199
19 years$3,362$2,751$2,235$1,805$1,450$1,047
20 years$3,161$2,556$2,051$1,634$1,295$916
21 years$2,979$2,381$1,887$1,483$1,159$802
22 years$2,813$2,222$1,739$1,349$1,039$704
23 years$2,662$2,079$1,605$1,228$932$618
24 years$2,524$1,948$1,485$1,120$838$543
25 years$2,398$1,828$1,375$1,023$754$478
26 years$2,281$1,718$1,275$935$679$421
27 years$2,173$1,617$1,184$856$612$371
28 years$2,073$1,523$1,101$785$553$327
29 years$1,980$1,437$1,025$719$499$289
30 years$1,893$1,357$954$660$451$255
31 years$1,812$1,283$890$606$408$225
32 years$1,736$1,214$830$557$369$199
33 years$1,665$1,150$775$512$334$176
34 years$1,599$1,090$724$472$302$155
35 years$1,536$1,033$677$434$274$137
36 years$1,477$981$633$400$248$121
37 years$1,421$932$593$368$225$107
38 years$1,369$885$555$339$204$95
39 years$1,319$842$520$313$185$84
40 years$1,271$801$488$289$168$74
41 years$1,227$762$457$266$152$66
42 years$1,184$726$429$246$138$58
43 years$1,144$692$402$227$125$52
44 years$1,105$659$378$210$114$46
45 years$1,068$629$355$194$103$40
46 years$1,033$600$333$179$94$36
47 years$1,000$573$313$165$85$32
48 years$968$547$294$153$77$28
49 years$937$522$276$141$70$25
50 years$908$499$260$130$64$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $930,000, adding $4,522 every year, while hoping to spend $22,063 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: 61/34/5 Blend
76$930,000$930,000$930,000$930,000
77$1,029,524$980,234$965,819$1,091,210
78$1,111,061$1,004,791$974,700$1,157,505
79$1,200,175$1,029,812$983,138$1,226,828
80$1,297,616$1,055,295$991,096$1,301,892
81$1,404,209$1,081,241$998,534$1,383,247
82$1,520,863$1,107,646$1,005,409$1,471,503
83$1,648,578$1,134,508$1,011,678$1,567,328
84$1,788,457$1,161,823$1,017,293$1,671,459
85$1,941,713$1,189,586$1,022,205$1,784,708
86$2,109,682$1,217,790$1,026,364$1,907,968
87$2,293,837$1,246,429$1,029,714$2,042,224
88$2,495,797$1,275,493$1,032,199$2,188,560
89$2,717,349$1,304,973$1,033,758$2,348,168
90$2,960,460$1,334,858$1,034,330$2,522,363
91$3,227,295$1,365,134$1,033,848$2,712,595
92$3,520,240$1,395,786$1,032,243$2,920,457
93$3,841,924$1,426,800$1,029,443$3,147,709
94$4,195,243$1,458,155$1,025,372$3,396,284
95$4,583,386$1,489,833$1,019,950$3,668,317
96$5,009,866$1,521,809$1,013,093$3,966,157
97$5,478,555$1,554,061$1,004,714$4,292,393
98$5,993,717$1,586,559$994,722$4,649,877
99$6,560,051$1,619,275$983,019$5,041,753
100$7,182,733$1,652,176$969,507$5,471,482