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

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 $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%16.4%
1 years$635,859$630,195$624,669$619,275$614,009$597,952
2 years$314,782$308,919$303,237$297,729$292,385$276,318
3 years$207,770$201,882$196,215$190,758$185,501$169,926
4 years$154,274$148,405$142,794$137,430$132,301$117,338
5 years$122,186$116,351$110,814$105,559$100,573$86,263
6 years$100,800$95,009$89,554$84,417$79,580$65,937
7 years$85,531$79,789$74,420$69,404$64,720$51,745
8 years$74,084$68,394$63,114$58,221$53,691$41,378
9 years$65,185$59,549$54,360$49,591$45,216$33,553
10 years$58,071$52,490$47,392$42,748$38,526$27,500
11 years$52,254$46,728$41,723$37,204$33,134$22,728
12 years$47,409$41,941$37,029$32,633$28,713$18,908
13 years$43,314$37,902$33,083$28,810$25,038$15,814
14 years$39,806$34,452$29,725$25,574$21,948$13,284
15 years$36,769$31,473$26,838$22,808$19,325$11,199
16 years$34,114$28,876$24,332$20,422$17,080$9,469
17 years$31,774$26,593$22,141$18,349$15,144$8,026
18 years$29,696$24,573$20,212$16,536$13,465$6,816
19 years$27,839$22,774$18,503$14,942$12,002$5,799
20 years$26,170$21,163$16,981$13,533$10,720$4,941
21 years$24,662$19,713$15,620$12,282$9,594$4,215
22 years$23,292$18,401$14,396$11,167$8,599$3,599
23 years$22,044$17,210$13,292$10,170$7,719$3,076
24 years$20,901$16,125$12,293$9,275$6,938$2,631
25 years$19,852$15,132$11,386$8,471$6,243$2,252
26 years$18,885$14,222$10,560$7,745$5,624$1,928
27 years$17,990$13,384$9,806$7,090$5,070$1,652
28 years$17,162$12,612$9,116$6,496$4,575$1,416
29 years$16,391$11,898$8,483$5,957$4,131$1,214
30 years$15,674$11,236$7,901$5,467$3,733$1,041
31 years$15,004$10,622$7,366$5,021$3,375$893
32 years$14,377$10,051$6,873$4,614$3,053$766
33 years$13,790$9,518$6,417$4,243$2,763$658
34 years$13,238$9,021$5,996$3,904$2,501$564
35 years$12,719$8,556$5,606$3,594$2,266$485
36 years$12,229$8,121$5,244$3,310$2,053$416
37 years$11,768$7,713$4,908$3,050$1,860$357
38 years$11,331$7,330$4,596$2,811$1,687$307
39 years$10,918$6,970$4,306$2,592$1,529$263
40 years$10,527$6,632$4,036$2,391$1,387$226
41 years$10,156$6,313$3,785$2,206$1,259$194
42 years$9,803$6,012$3,550$2,035$1,142$167
43 years$9,468$5,728$3,331$1,879$1,036$143
44 years$9,149$5,460$3,127$1,735$941$123
45 years$8,845$5,207$2,936$1,602$854$106
46 years$8,554$4,967$2,758$1,480$775$91
47 years$8,278$4,740$2,591$1,367$704$78
48 years$8,013$4,525$2,435$1,263$639$67
49 years$7,760$4,321$2,289$1,168$581$58
50 years$7,518$4,128$2,152$1,079$528$49

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 $6,028 every year, while hoping to spend $30,986 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: 42/28/30 Blend
58$7,700,000$7,700,000$7,700,000$7,700,000
59$8,491,618$8,083,518$7,964,168$8,773,427
60$9,324,794$8,446,641$8,197,999$9,340,821
61$10,241,916$8,826,519$8,438,624$9,951,554
62$11,251,512$9,223,940$8,686,240$10,612,411
63$12,362,983$9,639,730$8,941,045$11,328,046
64$13,586,684$10,074,753$9,203,247$12,103,570
65$14,934,027$10,529,917$9,473,056$12,944,598
66$16,417,586$11,006,171$9,750,692$13,857,295
67$18,051,217$11,504,511$10,036,377$14,848,437
68$19,850,188$12,025,979$10,330,343$15,925,469
69$21,831,323$12,571,668$10,632,825$17,096,570
70$24,013,161$13,142,723$10,944,068$18,370,735
71$26,416,130$13,740,343$11,264,321$19,757,847
72$29,062,742$14,365,786$11,593,842$21,268,775
73$31,977,801$15,020,369$11,932,896$22,915,469
74$35,188,642$15,705,472$12,281,753$24,711,070
75$38,725,385$16,422,542$12,640,694$26,670,030
76$42,621,223$17,173,095$13,010,005$28,808,248
77$46,912,730$17,958,720$13,389,983$31,143,208
78$51,640,212$18,781,080$13,780,930$33,694,150
79$56,848,082$19,641,921$14,183,160$36,482,239
80$62,585,282$20,543,071$14,596,992$39,530,764
81$68,905,746$21,486,447$15,022,756$42,865,352
82$75,868,905$22,474,056$15,460,791$46,514,207
83$83,540,252$23,508,003$15,911,446$50,508,366
84$91,991,956$24,590,494$16,375,078$54,881,993
85$101,303,549$25,723,841$16,852,057$59,672,690
86$111,562,669$26,910,467$17,342,758$64,921,849
87$122,865,893$28,152,912$17,847,573$70,675,036
88$135,319,646$29,453,837$18,366,899$76,982,416
89$149,041,208$30,816,033$18,901,148$83,899,217
90$164,159,816$32,242,423$19,450,741$91,486,244
91$180,817,889$33,736,074$20,016,112$99,810,451
92$199,172,369$35,300,197$20,597,708$108,945,557
93$219,396,204$36,938,160$21,195,985$118,972,742
94$241,679,981$38,653,493$21,811,414$129,981,399
95$266,233,721$40,449,897$22,444,479$142,069,972
96$293,288,869$42,331,250$23,095,676$155,346,876
97$323,100,469$44,301,617$23,765,517$169,931,509
98$355,949,581$46,365,260$24,454,526$185,955,371
99$392,145,928$48,526,647$25,163,242$203,563,293
100$432,030,821$50,790,462$25,892,219$222,914,795