Can I retire at age 77 with 660,000?

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 $660,000?

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$54,502$54,017$53,543$53,081$52,629$52,342
2 years$26,981$26,479$25,992$25,520$25,062$24,771
3 years$17,809$17,304$16,818$16,351$15,900$15,616
4 years$13,224$12,720$12,239$11,780$11,340$11,065
5 years$10,473$9,973$9,498$9,048$8,621$8,355
6 years$8,640$8,144$7,676$7,236$6,821$6,565
7 years$7,331$6,839$6,379$5,949$5,547$5,301
8 years$6,350$5,862$5,410$4,990$4,602$4,366
9 years$5,587$5,104$4,659$4,251$3,876$3,649
10 years$4,977$4,499$4,062$3,664$3,302$3,085
11 years$4,479$4,005$3,576$3,189$2,840$2,633
12 years$4,064$3,595$3,174$2,797$2,461$2,263
13 years$3,713$3,249$2,836$2,469$2,146$1,957
14 years$3,412$2,953$2,548$2,192$1,881$1,701
15 years$3,152$2,698$2,300$1,955$1,656$1,485
16 years$2,924$2,475$2,086$1,750$1,464$1,301
17 years$2,723$2,279$1,898$1,573$1,298$1,144
18 years$2,545$2,106$1,732$1,417$1,154$1,008
19 years$2,386$1,952$1,586$1,281$1,029$890
20 years$2,243$1,814$1,456$1,160$919$788
21 years$2,114$1,690$1,339$1,053$822$698
22 years$1,996$1,577$1,234$957$737$620
23 years$1,889$1,475$1,139$872$662$551
24 years$1,792$1,382$1,054$795$595$491
25 years$1,702$1,297$976$726$535$437
26 years$1,619$1,219$905$664$482$390
27 years$1,542$1,147$840$608$435$348
28 years$1,471$1,081$781$557$392$311
29 years$1,405$1,020$727$511$354$278
30 years$1,343$963$677$469$320$248
31 years$1,286$910$631$430$289$222
32 years$1,232$861$589$395$262$199
33 years$1,182$816$550$364$237$178
34 years$1,135$773$514$335$214$159
35 years$1,090$733$480$308$194$143
36 years$1,048$696$449$284$176$128
37 years$1,009$661$421$261$159$115
38 years$971$628$394$241$145$103
39 years$936$597$369$222$131$92
40 years$902$568$346$205$119$83
41 years$871$541$324$189$108$74
42 years$840$515$304$174$98$67
43 years$812$491$286$161$89$60
44 years$784$468$268$149$81$54
45 years$758$446$252$137$73$48
46 years$733$426$236$127$66$43
47 years$710$406$222$117$60$39
48 years$687$388$209$108$55$35
49 years$665$370$196$100$50$31
50 years$644$354$184$93$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $660,000, adding $3,845 every year, while hoping to spend $21,623 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: 80/12/8 Blend
76$660,000$660,000$660,000$660,000
77$731,286$696,306$686,076$788,720
78$782,871$707,418$686,053$838,026
79$838,992$718,350$685,304$888,882
80$900,090$729,071$683,783$944,037
81$966,649$739,545$681,440$1,003,910
82$1,039,202$749,737$678,223$1,068,961
83$1,118,335$759,609$674,077$1,139,699
84$1,204,693$769,117$668,947$1,216,681
85$1,298,987$778,219$662,771$1,300,524
86$1,401,998$786,866$655,489$1,391,906
87$1,514,587$795,009$647,033$1,491,575
88$1,637,703$802,592$637,337$1,600,353
89$1,772,388$809,558$626,327$1,719,147
90$1,919,792$815,847$613,929$1,848,956
91$2,081,179$821,392$600,064$1,990,882
92$2,257,943$826,124$584,650$2,146,136
93$2,451,619$829,969$567,601$2,316,056
94$2,663,895$832,849$548,827$2,502,113
95$2,896,633$834,679$528,234$2,705,930
96$3,151,883$835,372$505,723$2,929,295
97$3,431,902$834,832$481,191$3,174,177
98$3,739,176$832,959$454,531$3,442,748
99$4,076,445$829,646$425,631$3,737,399
100$4,446,724$824,781$394,372$4,060,766