Can I retire at age 77 with 560,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$46,244$45,832$45,430$45,038$44,655$43,718
2 years$22,893$22,467$22,054$21,653$21,264$20,324
3 years$15,111$14,682$14,270$13,873$13,491$12,578
4 years$11,220$10,793$10,385$9,995$9,622$8,742
5 years$8,886$8,462$8,059$7,677$7,314$6,471
6 years$7,331$6,910$6,513$6,139$5,788$4,982
7 years$6,220$5,803$5,412$5,048$4,707$3,938
8 years$5,388$4,974$4,590$4,234$3,905$3,173
9 years$4,741$4,331$3,953$3,607$3,288$2,593
10 years$4,223$3,817$3,447$3,109$2,802$2,143
11 years$3,800$3,398$3,034$2,706$2,410$1,786
12 years$3,448$3,050$2,693$2,373$2,088$1,498
13 years$3,150$2,757$2,406$2,095$1,821$1,264
14 years$2,895$2,506$2,162$1,860$1,596$1,071
15 years$2,674$2,289$1,952$1,659$1,405$911
16 years$2,481$2,100$1,770$1,485$1,242$778
17 years$2,311$1,934$1,610$1,334$1,101$665
18 years$2,160$1,787$1,470$1,203$979$571
19 years$2,025$1,656$1,346$1,087$873$490
20 years$1,903$1,539$1,235$984$780$422
21 years$1,794$1,434$1,136$893$698$363
22 years$1,694$1,338$1,047$812$625$313
23 years$1,603$1,252$967$740$561$271
24 years$1,520$1,173$894$675$505$234
25 years$1,444$1,101$828$616$454$202
26 years$1,373$1,034$768$563$409$175
27 years$1,308$973$713$516$369$152
28 years$1,248$917$663$472$333$131
29 years$1,192$865$617$433$300$114
30 years$1,140$817$575$398$271$99
31 years$1,091$773$536$365$245$85
32 years$1,046$731$500$336$222$74
33 years$1,003$692$467$309$201$64
34 years$963$656$436$284$182$56
35 years$925$622$408$261$165$48
36 years$889$591$381$241$149$42
37 years$856$561$357$222$135$36
38 years$824$533$334$204$123$32
39 years$794$507$313$188$111$28
40 years$766$482$294$174$101$24
41 years$739$459$275$160$92$21
42 years$713$437$258$148$83$18
43 years$689$417$242$137$75$16
44 years$665$397$227$126$68$14
45 years$643$379$214$117$62$12
46 years$622$361$201$108$56$10
47 years$602$345$188$99$51$9
48 years$583$329$177$92$47$8
49 years$564$314$166$85$42$7
50 years$547$300$156$78$38$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $560,000, adding $4,675 every year, while hoping to spend $21,281 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: 40/30/30 Blend
76$560,000$560,000$560,000$560,000
77$621,942$592,262$583,582$641,161
78$662,738$598,640$580,489$661,992
79$706,981$604,618$576,580$682,210
80$755,001$610,152$571,803$703,686
81$807,160$615,199$566,108$726,550
82$863,857$619,710$559,439$750,945
83$925,530$623,635$551,740$777,032
84$992,660$626,919$542,949$804,985
85$1,065,778$629,505$533,005$835,003
86$1,145,469$631,332$521,841$867,302
87$1,232,373$632,334$509,390$902,124
88$1,327,199$632,442$495,578$939,737
89$1,430,725$631,583$480,331$980,437
90$1,543,807$629,679$463,571$1,024,553
91$1,667,388$626,646$445,213$1,072,450
92$1,802,508$622,398$425,174$1,124,530
93$1,950,308$616,840$403,362$1,181,241
94$2,112,048$609,874$379,684$1,243,077
95$2,289,115$601,395$354,040$1,310,586
96$2,483,034$591,293$326,330$1,384,373
97$2,695,486$579,449$296,444$1,465,111
98$2,928,322$565,739$264,272$1,553,540
99$3,183,581$550,030$229,696$1,650,481
100$3,463,509$532,184$192,593$1,756,843