Can I retire at age 77 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$52,025$51,561$51,109$50,668$50,237$49,962
2 years$25,755$25,275$24,810$24,360$23,922$23,645
3 years$16,999$16,518$16,054$15,607$15,177$14,906
4 years$12,622$12,142$11,683$11,244$10,825$10,562
5 years$9,997$9,520$9,067$8,637$8,229$7,975
6 years$8,247$7,773$7,327$6,907$6,511$6,266
7 years$6,998$6,528$6,089$5,678$5,295$5,060
8 years$6,061$5,596$5,164$4,764$4,393$4,167
9 years$5,333$4,872$4,448$4,057$3,699$3,483
10 years$4,751$4,295$3,878$3,498$3,152$2,945
11 years$4,275$3,823$3,414$3,044$2,711$2,513
12 years$3,879$3,432$3,030$2,670$2,349$2,160
13 years$3,544$3,101$2,707$2,357$2,049$1,868
14 years$3,257$2,819$2,432$2,092$1,796$1,624
15 years$3,008$2,575$2,196$1,866$1,581$1,418
16 years$2,791$2,363$1,991$1,671$1,397$1,242
17 years$2,600$2,176$1,812$1,501$1,239$1,092
18 years$2,430$2,011$1,654$1,353$1,102$962
19 years$2,278$1,863$1,514$1,222$982$850
20 years$2,141$1,732$1,389$1,107$877$752
21 years$2,018$1,613$1,278$1,005$785$666
22 years$1,906$1,506$1,178$914$704$592
23 years$1,804$1,408$1,088$832$632$526
24 years$1,710$1,319$1,006$759$568$468
25 years$1,624$1,238$932$693$511$417
26 years$1,545$1,164$864$634$460$372
27 years$1,472$1,095$802$580$415$332
28 years$1,404$1,032$746$531$374$297
29 years$1,341$973$694$487$338$265
30 years$1,282$919$646$447$305$237
31 years$1,228$869$603$411$276$212
32 years$1,176$822$562$378$250$190
33 years$1,128$779$525$347$226$170
34 years$1,083$738$491$319$205$152
35 years$1,041$700$459$294$185$136
36 years$1,001$664$429$271$168$122
37 years$963$631$402$250$152$110
38 years$927$600$376$230$138$98
39 years$893$570$352$212$125$88
40 years$861$543$330$196$114$79
41 years$831$517$310$180$103$71
42 years$802$492$290$167$93$64
43 years$775$469$273$154$85$57
44 years$749$447$256$142$77$51
45 years$724$426$240$131$70$46
46 years$700$406$226$121$63$41
47 years$677$388$212$112$58$37
48 years$656$370$199$103$52$33
49 years$635$354$187$96$48$30
50 years$615$338$176$88$43$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $630,000, adding $5,476 every year, while hoping to spend $43,090 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: 69/11/20 Blend
76$630,000$630,000$630,000$630,000
77$699,908$666,518$656,753$744,391
78$725,452$653,330$632,907$761,610
79$752,156$638,052$606,818$774,879
80$780,095$620,535$578,365$788,343
81$809,347$600,624$547,423$802,019
82$839,997$578,151$513,858$815,925
83$872,139$552,943$477,535$830,083
84$905,873$524,813$438,308$844,518
85$941,308$493,565$396,027$859,261
86$978,563$458,991$350,536$874,344
87$1,017,767$420,872$301,670$889,808
88$1,059,061$378,977$249,257$905,696
89$1,102,598$333,059$193,120$922,061
90$1,148,544$282,860$133,070$938,960
91$1,197,081$228,106$68,914$956,461
92$1,248,407$168,507$447$974,637
93$1,302,740$103,759$0$993,576
94$1,360,314$33,538$0$1,028,871
95$1,421,390$0$0$1,066,243
96$1,486,248$0$0$1,110,914
97$1,555,197$0$0$1,162,737
98$1,628,576$0$0$1,217,909
99$1,706,755$0$0$1,276,711
100$1,790,137$0$0$1,339,449