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%11.2%
1 years$52,025$51,561$51,109$50,668$50,237$49,983
2 years$25,755$25,275$24,810$24,360$23,922$23,666
3 years$16,999$16,518$16,054$15,607$15,177$14,927
4 years$12,622$12,142$11,683$11,244$10,825$10,582
5 years$9,997$9,520$9,067$8,637$8,229$7,994
6 years$8,247$7,773$7,327$6,907$6,511$6,285
7 years$6,998$6,528$6,089$5,678$5,295$5,078
8 years$6,061$5,596$5,164$4,764$4,393$4,184
9 years$5,333$4,872$4,448$4,057$3,699$3,499
10 years$4,751$4,295$3,878$3,498$3,152$2,960
11 years$4,275$3,823$3,414$3,044$2,711$2,528
12 years$3,879$3,432$3,030$2,670$2,349$2,174
13 years$3,544$3,101$2,707$2,357$2,049$1,882
14 years$3,257$2,819$2,432$2,092$1,796$1,637
15 years$3,008$2,575$2,196$1,866$1,581$1,430
16 years$2,791$2,363$1,991$1,671$1,397$1,253
17 years$2,600$2,176$1,812$1,501$1,239$1,102
18 years$2,430$2,011$1,654$1,353$1,102$972
19 years$2,278$1,863$1,514$1,222$982$859
20 years$2,141$1,732$1,389$1,107$877$761
21 years$2,018$1,613$1,278$1,005$785$675
22 years$1,906$1,506$1,178$914$704$600
23 years$1,804$1,408$1,088$832$632$534
24 years$1,710$1,319$1,006$759$568$475
25 years$1,624$1,238$932$693$511$424
26 years$1,545$1,164$864$634$460$378
27 years$1,472$1,095$802$580$415$338
28 years$1,404$1,032$746$531$374$302
29 years$1,341$973$694$487$338$270
30 years$1,282$919$646$447$305$242
31 years$1,228$869$603$411$276$216
32 years$1,176$822$562$378$250$194
33 years$1,128$779$525$347$226$174
34 years$1,083$738$491$319$205$156
35 years$1,041$700$459$294$185$140
36 years$1,001$664$429$271$168$125
37 years$963$631$402$250$152$112
38 years$927$600$376$230$138$101
39 years$893$570$352$212$125$91
40 years$861$543$330$196$114$81
41 years$831$517$310$180$103$73
42 years$802$492$290$167$93$66
43 years$775$469$273$154$85$59
44 years$749$447$256$142$77$53
45 years$724$426$240$131$70$48
46 years$700$406$226$121$63$43
47 years$677$388$212$112$58$38
48 years$656$370$199$103$52$34
49 years$635$354$187$96$48$31
50 years$615$338$176$88$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $630,000, adding $4,502 every year, while hoping to spend $36,346 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: 49/41/10 Blend
76$630,000$630,000$630,000$630,000
77$698,904$665,514$655,749$731,056
78$731,520$659,452$639,045$747,515
79$766,245$651,875$620,563$761,186
80$803,256$642,671$600,205$775,200
81$842,745$631,719$577,869$789,600
82$884,925$618,893$553,448$804,435
83$930,029$604,060$526,830$819,761
84$978,311$587,078$497,897$835,642
85$1,030,050$567,797$466,528$852,154
86$1,085,553$546,057$432,595$869,378
87$1,145,156$521,690$395,964$887,412
88$1,209,229$494,519$356,495$906,363
89$1,278,175$464,356$314,043$926,354
90$1,352,441$431,001$268,455$947,525
91$1,432,515$394,245$219,573$970,032
92$1,518,932$353,864$167,230$994,053
93$1,612,284$309,625$111,253$1,019,787
94$1,713,219$261,277$51,461$1,047,459
95$1,822,447$208,560$0$1,077,320
96$1,940,753$151,196$0$1,110,973
97$2,068,997$88,892$0$1,153,362
98$2,208,127$21,339$0$1,199,370
99$2,359,182$0$0$1,249,417
100$2,523,309$0$0$1,327,340