Can I retire at age 77 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$53,676$53,198$52,732$52,276$51,832$51,505
2 years$26,572$26,078$25,598$25,133$24,682$24,352
3 years$17,539$17,042$16,564$16,103$15,659$15,337
4 years$13,023$12,528$12,054$11,601$11,168$10,856
5 years$10,314$9,822$9,354$8,911$8,490$8,188
6 years$8,509$8,020$7,560$7,126$6,718$6,427
7 years$7,220$6,735$6,282$5,859$5,463$5,184
8 years$6,254$5,773$5,328$4,915$4,532$4,265
9 years$5,503$5,027$4,589$4,186$3,817$3,560
10 years$4,902$4,431$4,001$3,609$3,252$3,007
11 years$4,411$3,945$3,522$3,141$2,797$2,562
12 years$4,002$3,540$3,126$2,755$2,424$2,200
13 years$3,656$3,200$2,793$2,432$2,114$1,900
14 years$3,360$2,908$2,509$2,159$1,853$1,650
15 years$3,104$2,657$2,266$1,925$1,631$1,438
16 years$2,880$2,438$2,054$1,724$1,442$1,258
17 years$2,682$2,245$1,869$1,549$1,278$1,104
18 years$2,507$2,074$1,706$1,396$1,137$972
19 years$2,350$1,923$1,562$1,261$1,013$857
20 years$2,209$1,786$1,433$1,142$905$757
21 years$2,082$1,664$1,319$1,037$810$670
22 years$1,966$1,553$1,215$943$726$594
23 years$1,861$1,453$1,122$858$652$528
24 years$1,764$1,361$1,038$783$586$469
25 years$1,676$1,277$961$715$527$417
26 years$1,594$1,201$891$654$475$371
27 years$1,519$1,130$828$598$428$331
28 years$1,449$1,065$769$548$386$295
29 years$1,384$1,004$716$503$349$263
30 years$1,323$949$667$461$315$235
31 years$1,267$897$622$424$285$210
32 years$1,214$848$580$390$258$188
33 years$1,164$803$542$358$233$168
34 years$1,117$762$506$330$211$150
35 years$1,074$722$473$303$191$134
36 years$1,032$686$443$279$173$120
37 years$993$651$414$257$157$107
38 years$957$619$388$237$142$96
39 years$922$588$364$219$129$86
40 years$889$560$341$202$117$77
41 years$857$533$319$186$106$69
42 years$828$508$300$172$96$62
43 years$799$484$281$159$87$55
44 years$772$461$264$146$79$50
45 years$747$440$248$135$72$45
46 years$722$419$233$125$65$40
47 years$699$400$219$115$59$36
48 years$676$382$206$107$54$32
49 years$655$365$193$99$49$29
50 years$635$348$182$91$45$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $650,000, adding $5,732 every year, while hoping to spend $28,412 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: 55/27/18 Blend
76$650,000$650,000$650,000$650,000
77$722,213$687,763$677,688$758,153
78$765,648$691,233$670,160$786,785
79$812,562$693,921$661,428$814,428
80$863,278$695,758$651,421$843,900
81$918,155$696,673$640,066$875,384
82$977,584$696,587$627,285$909,081
83$1,041,997$695,418$612,998$945,214
84$1,111,867$693,081$597,121$984,031
85$1,187,718$689,482$579,564$1,025,805
86$1,270,122$684,524$560,237$1,070,839
87$1,359,711$678,102$539,041$1,119,469
88$1,457,179$670,106$515,877$1,172,065
89$1,563,290$660,421$490,638$1,229,039
90$1,678,886$648,921$463,214$1,290,844
91$1,804,890$635,476$433,490$1,357,981
92$1,942,322$619,948$401,345$1,431,008
93$2,092,302$602,188$366,653$1,510,538
94$2,256,064$582,042$329,282$1,597,250
95$2,434,965$559,345$289,096$1,691,896
96$2,630,500$533,922$245,950$1,795,304
97$2,844,317$505,589$199,694$1,908,394
98$3,078,225$474,152$150,173$2,032,179
99$3,334,222$439,403$97,221$2,167,780
100$3,614,504$401,125$40,670$2,316,435