Can I retire at age 77 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$45,418$45,014$44,619$44,234$43,858$43,454
2 years$22,484$22,066$21,660$21,266$20,885$20,478
3 years$14,841$14,420$14,015$13,626$13,250$12,853
4 years$11,020$10,600$10,200$9,816$9,450$9,065
5 years$8,728$8,311$7,915$7,540$7,184$6,813
6 years$7,200$6,786$6,397$6,030$5,684$5,328
7 years$6,109$5,699$5,316$4,957$4,623$4,281
8 years$5,292$4,885$4,508$4,159$3,835$3,507
9 years$4,656$4,254$3,883$3,542$3,230$2,916
10 years$4,148$3,749$3,385$3,053$2,752$2,452
11 years$3,732$3,338$2,980$2,657$2,367$2,081
12 years$3,386$2,996$2,645$2,331$2,051$1,779
13 years$3,094$2,707$2,363$2,058$1,788$1,530
14 years$2,843$2,461$2,123$1,827$1,568$1,322
15 years$2,626$2,248$1,917$1,629$1,380$1,147
16 years$2,437$2,063$1,738$1,459$1,220$999
17 years$2,270$1,900$1,582$1,311$1,082$872
18 years$2,121$1,755$1,444$1,181$962$764
19 years$1,989$1,627$1,322$1,067$857$670
20 years$1,869$1,512$1,213$967$766$589
21 years$1,762$1,408$1,116$877$685$519
22 years$1,664$1,314$1,028$798$614$458
23 years$1,575$1,229$949$726$551$404
24 years$1,493$1,152$878$663$496$357
25 years$1,418$1,081$813$605$446$316
26 years$1,349$1,016$754$553$402$280
27 years$1,285$956$700$506$362$248
28 years$1,226$901$651$464$327$220
29 years$1,171$850$606$425$295$195
30 years$1,120$803$564$390$267$173
31 years$1,072$759$526$359$241$154
32 years$1,027$718$491$330$218$137
33 years$985$680$458$303$197$121
34 years$946$644$428$279$179$108
35 years$908$611$400$257$162$96
36 years$874$580$375$236$147$85
37 years$841$551$351$218$133$76
38 years$809$524$328$201$120$68
39 years$780$498$308$185$109$60
40 years$752$474$288$171$99$54
41 years$725$451$270$158$90$48
42 years$700$429$254$145$82$42
43 years$676$409$238$134$74$38
44 years$653$390$223$124$67$34
45 years$632$372$210$114$61$30
46 years$611$355$197$106$55$27
47 years$591$339$185$98$50$24
48 years$572$323$174$90$46$21
49 years$554$309$163$83$41$19
50 years$537$295$154$77$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 77 starting with $550,000, adding $6,351 every year, while hoping to spend $24,926 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: 25/45/30 Blend
76$550,000$550,000$550,000$550,000
77$612,651$583,501$574,976$622,121
78$648,620$585,572$567,717$632,662
79$687,423$586,908$559,379$641,446
80$729,322$587,448$549,900$650,355
81$774,606$587,126$539,214$659,417
82$823,592$585,871$527,254$668,665
83$876,628$583,609$513,947$678,137
84$934,099$580,261$499,219$687,880
85$996,426$575,742$482,992$697,944
86$1,064,072$569,964$465,182$708,391
87$1,137,547$562,832$445,706$719,290
88$1,217,412$554,246$424,472$730,720
89$1,304,284$544,101$401,388$742,772
90$1,398,843$532,283$376,356$755,551
91$1,501,834$518,674$349,273$769,173
92$1,614,079$503,148$320,032$783,774
93$1,736,485$485,571$288,523$799,504
94$1,870,045$465,803$254,627$816,536
95$2,015,856$443,694$218,224$835,063
96$2,175,125$419,086$179,186$855,303
97$2,349,179$391,813$137,380$877,503
98$2,539,481$361,697$92,667$901,938
99$2,747,640$328,552$44,904$928,920
100$2,975,429$292,181$0$958,797