Can I retire at age 77 with 290,000?

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 $290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$23,948$23,735$23,526$23,323$23,125$22,733
2 years$11,855$11,635$11,421$11,213$11,012$10,618
3 years$7,825$7,603$7,390$7,184$6,986$6,603
4 years$5,810$5,589$5,378$5,176$4,983$4,613
5 years$4,602$4,382$4,174$3,976$3,788$3,432
6 years$3,796$3,578$3,373$3,179$2,997$2,657
7 years$3,221$3,005$2,803$2,614$2,438$2,112
8 years$2,790$2,576$2,377$2,193$2,022$1,712
9 years$2,455$2,243$2,047$1,868$1,703$1,407
10 years$2,187$1,977$1,785$1,610$1,451$1,170
11 years$1,968$1,760$1,571$1,401$1,248$981
12 years$1,786$1,580$1,395$1,229$1,081$828
13 years$1,631$1,427$1,246$1,085$943$704
14 years$1,499$1,298$1,120$963$827$600
15 years$1,385$1,185$1,011$859$728$514
16 years$1,285$1,088$916$769$643$442
17 years$1,197$1,002$834$691$570$381
18 years$1,118$925$761$623$507$329
19 years$1,048$858$697$563$452$285
20 years$986$797$640$510$404$247
21 years$929$742$588$463$361$214
22 years$877$693$542$421$324$186
23 years$830$648$501$383$291$162
24 years$787$607$463$349$261$141
25 years$748$570$429$319$235$123
26 years$711$536$398$292$212$107
27 years$678$504$369$267$191$94
28 years$646$475$343$245$172$82
29 years$617$448$319$224$156$71
30 years$590$423$298$206$141$62
31 years$565$400$277$189$127$55
32 years$541$379$259$174$115$48
33 years$519$358$242$160$104$42
34 years$499$340$226$147$94$37
35 years$479$322$211$135$85$32
36 years$461$306$198$125$77$28
37 years$443$291$185$115$70$25
38 years$427$276$173$106$64$21
39 years$411$263$162$98$58$19
40 years$396$250$152$90$52$16
41 years$382$238$143$83$47$14
42 years$369$226$134$77$43$13
43 years$357$216$125$71$39$11
44 years$345$206$118$65$35$10
45 years$333$196$111$60$32$8
46 years$322$187$104$56$29$7
47 years$312$179$98$51$27$7
48 years$302$170$92$48$24$6
49 years$292$163$86$44$22$5
50 years$283$155$81$41$20$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $290,000, adding $2,227 every year, while hoping to spend $21,022 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: 48/27/25 Blend
76$290,000$290,000$290,000$290,000
77$321,877$306,507$302,012$334,942
78$332,341$299,159$289,762$336,972
79$343,168$290,746$276,398$336,913
80$354,373$281,194$261,858$336,429
81$365,971$270,424$246,082$335,490
82$377,978$258,353$229,005$334,065
83$390,413$244,893$210,557$332,120
84$403,293$229,951$190,669$329,620
85$416,639$213,428$169,266$326,530
86$430,470$195,220$146,270$322,809
87$444,809$175,217$121,601$318,418
88$459,679$153,303$95,175$313,315
89$475,105$129,353$66,902$307,454
90$491,114$103,239$36,691$300,790
91$507,733$74,824$4,446$293,273
92$524,993$43,961$0$284,854
93$542,926$10,499$0$283,470
94$561,566$0$0$282,860
95$580,950$0$0$289,449
96$601,117$0$0$299,554
97$622,110$0$0$310,079
98$643,975$0$0$321,046
99$666,759$0$0$332,481
100$690,516$0$0$344,411