Can I retire at age 59 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$635,859$630,195$624,669$619,275$614,009$593,404
2 years$314,782$308,919$303,237$297,729$292,385$271,830
3 years$207,770$201,882$196,215$190,758$185,501$165,640
4 years$154,274$148,405$142,794$137,430$132,301$113,287
5 years$122,186$116,351$110,814$105,559$100,573$82,456
6 years$100,800$95,009$89,554$84,417$79,580$62,374
7 years$85,531$79,789$74,420$69,404$64,720$48,423
8 years$74,084$68,394$63,114$58,221$53,691$38,291
9 years$65,185$59,549$54,360$49,591$45,216$30,693
10 years$58,071$52,490$47,392$42,748$38,526$24,859
11 years$52,254$46,728$41,723$37,204$33,134$20,295
12 years$47,409$41,941$37,029$32,633$28,713$16,673
13 years$43,314$37,902$33,083$28,810$25,038$13,767
14 years$39,806$34,452$29,725$25,574$21,948$11,413
15 years$36,769$31,473$26,838$22,808$19,325$9,494
16 years$34,114$28,876$24,332$20,422$17,080$7,918
17 years$31,774$26,593$22,141$18,349$15,144$6,618
18 years$29,696$24,573$20,212$16,536$13,465$5,542
19 years$27,839$22,774$18,503$14,942$12,002$4,648
20 years$26,170$21,163$16,981$13,533$10,720$3,903
21 years$24,662$19,713$15,620$12,282$9,594$3,281
22 years$23,292$18,401$14,396$11,167$8,599$2,761
23 years$22,044$17,210$13,292$10,170$7,719$2,325
24 years$20,901$16,125$12,293$9,275$6,938$1,959
25 years$19,852$15,132$11,386$8,471$6,243$1,651
26 years$18,885$14,222$10,560$7,745$5,624$1,392
27 years$17,990$13,384$9,806$7,090$5,070$1,175
28 years$17,162$12,612$9,116$6,496$4,575$991
29 years$16,391$11,898$8,483$5,957$4,131$837
30 years$15,674$11,236$7,901$5,467$3,733$706
31 years$15,004$10,622$7,366$5,021$3,375$597
32 years$14,377$10,051$6,873$4,614$3,053$504
33 years$13,790$9,518$6,417$4,243$2,763$426
34 years$13,238$9,021$5,996$3,904$2,501$360
35 years$12,719$8,556$5,606$3,594$2,266$304
36 years$12,229$8,121$5,244$3,310$2,053$257
37 years$11,768$7,713$4,908$3,050$1,860$217
38 years$11,331$7,330$4,596$2,811$1,687$183
39 years$10,918$6,970$4,306$2,592$1,529$155
40 years$10,527$6,632$4,036$2,391$1,387$131
41 years$10,156$6,313$3,785$2,206$1,259$111
42 years$9,803$6,012$3,550$2,035$1,142$94
43 years$9,468$5,728$3,331$1,879$1,036$79
44 years$9,149$5,460$3,127$1,735$941$67
45 years$8,845$5,207$2,936$1,602$854$56
46 years$8,554$4,967$2,758$1,480$775$48
47 years$8,278$4,740$2,591$1,367$704$40
48 years$8,013$4,525$2,435$1,263$639$34
49 years$7,760$4,321$2,289$1,168$581$29
50 years$7,518$4,128$2,152$1,079$528$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $7,700,000, adding $4,716 every year, while hoping to spend $51,008 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: 57/18/25 Blend
58$7,700,000$7,700,000$7,700,000$7,700,000
59$8,490,265$8,082,165$7,962,815$8,916,175
60$9,301,999$8,423,919$8,175,297$9,549,943
61$10,194,822$8,780,709$8,393,187$10,234,556
62$11,176,948$9,153,218$8,616,614$10,979,667
63$12,257,433$9,542,162$8,845,707$11,791,132
64$13,446,251$9,948,288$9,080,597$12,675,392
65$14,754,393$10,372,378$9,321,422$13,639,533
66$16,193,969$10,815,252$9,568,317$14,691,354
67$17,778,322$11,277,769$9,821,425$15,839,434
68$19,522,156$11,760,824$10,080,887$17,093,215
69$21,441,669$12,265,358$10,346,850$18,463,087
70$23,554,713$12,792,354$10,619,464$19,960,489
71$25,880,956$13,342,842$10,898,878$21,598,008
72$28,442,072$13,917,899$11,185,248$23,389,501
73$31,261,940$14,518,653$11,478,731$25,350,224
74$34,366,877$15,146,286$11,779,488$27,496,969
75$37,785,879$15,802,034$12,087,680$29,848,227
76$41,550,896$16,487,191$12,403,475$32,424,355
77$45,697,137$17,203,113$12,727,041$35,247,768
78$50,263,398$17,951,219$13,058,550$38,343,148
79$55,292,430$18,732,994$13,398,177$41,737,675
80$60,831,341$19,549,995$13,746,100$45,461,280
81$66,932,043$20,403,849$14,102,499$49,546,923
82$73,651,737$21,296,264$14,467,559$54,030,907
83$81,053,458$22,229,024$14,841,465$58,953,211
84$89,206,665$23,204,001$15,224,409$64,357,868
85$98,187,901$24,223,153$15,616,583$70,293,376
86$108,081,511$25,288,531$16,018,182$76,813,156
87$118,980,440$26,402,284$16,429,406$83,976,047
88$130,987,110$27,566,661$16,850,457$91,846,860
89$144,214,386$28,784,019$17,281,538$100,496,991
90$158,786,643$30,056,825$17,722,858$110,005,082
91$174,840,934$31,387,663$18,174,628$120,457,766
92$192,528,292$32,779,241$18,637,061$131,950,479
93$212,015,149$34,234,395$19,110,373$144,588,354
94$233,484,907$35,756,093$19,594,784$158,487,214
95$257,139,674$37,347,448$20,090,515$173,774,652
96$283,202,164$39,011,717$20,597,791$190,591,241
97$311,917,808$40,752,314$21,116,840$209,091,848
98$343,557,061$42,572,814$21,647,891$229,447,091
99$378,417,963$44,476,964$22,191,177$251,844,950
100$416,828,946$46,468,686$22,746,933$276,492,527