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%16.7%
1 years$635,859$630,195$624,669$619,275$614,009$597,228
2 years$314,782$308,919$303,237$297,729$292,385$275,601
3 years$207,770$201,882$196,215$190,758$185,501$169,240
4 years$154,274$148,405$142,794$137,430$132,301$116,687
5 years$122,186$116,351$110,814$105,559$100,573$85,649
6 years$100,800$95,009$89,554$84,417$79,580$65,361
7 years$85,531$79,789$74,420$69,404$64,720$51,205
8 years$74,084$68,394$63,114$58,221$53,691$40,875
9 years$65,185$59,549$54,360$49,591$45,216$33,085
10 years$58,071$52,490$47,392$42,748$38,526$27,066
11 years$52,254$46,728$41,723$37,204$33,134$22,326
12 years$47,409$41,941$37,029$32,633$28,713$18,537
13 years$43,314$37,902$33,083$28,810$25,038$15,473
14 years$39,806$34,452$29,725$25,574$21,948$12,971
15 years$36,769$31,473$26,838$22,808$19,325$10,911
16 years$34,114$28,876$24,332$20,422$17,080$9,206
17 years$31,774$26,593$22,141$18,349$15,144$7,786
18 years$29,696$24,573$20,212$16,536$13,465$6,598
19 years$27,839$22,774$18,503$14,942$12,002$5,601
20 years$26,170$21,163$16,981$13,533$10,720$4,761
21 years$24,662$19,713$15,620$12,282$9,594$4,052
22 years$23,292$18,401$14,396$11,167$8,599$3,452
23 years$22,044$17,210$13,292$10,170$7,719$2,943
24 years$20,901$16,125$12,293$9,275$6,938$2,512
25 years$19,852$15,132$11,386$8,471$6,243$2,144
26 years$18,885$14,222$10,560$7,745$5,624$1,832
27 years$17,990$13,384$9,806$7,090$5,070$1,566
28 years$17,162$12,612$9,116$6,496$4,575$1,339
29 years$16,391$11,898$8,483$5,957$4,131$1,145
30 years$15,674$11,236$7,901$5,467$3,733$979
31 years$15,004$10,622$7,366$5,021$3,375$838
32 years$14,377$10,051$6,873$4,614$3,053$717
33 years$13,790$9,518$6,417$4,243$2,763$614
34 years$13,238$9,021$5,996$3,904$2,501$526
35 years$12,719$8,556$5,606$3,594$2,266$450
36 years$12,229$8,121$5,244$3,310$2,053$385
37 years$11,768$7,713$4,908$3,050$1,860$330
38 years$11,331$7,330$4,596$2,811$1,687$283
39 years$10,918$6,970$4,306$2,592$1,529$242
40 years$10,527$6,632$4,036$2,391$1,387$207
41 years$10,156$6,313$3,785$2,206$1,259$178
42 years$9,803$6,012$3,550$2,035$1,142$152
43 years$9,468$5,728$3,331$1,879$1,036$130
44 years$9,149$5,460$3,127$1,735$941$112
45 years$8,845$5,207$2,936$1,602$854$96
46 years$8,554$4,967$2,758$1,480$775$82
47 years$8,278$4,740$2,591$1,367$704$70
48 years$8,013$4,525$2,435$1,263$639$60
49 years$7,760$4,321$2,289$1,168$581$52
50 years$7,518$4,128$2,152$1,079$528$44

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 $6,545 every year, while hoping to spend $52,387 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: 67/19/14 Blend
58$7,700,000$7,700,000$7,700,000$7,700,000
59$8,492,151$8,084,051$7,964,701$9,033,184
60$9,302,611$8,424,430$8,175,779$9,735,106
61$10,193,982$8,779,732$8,392,173$10,495,511
62$11,174,462$9,150,633$8,614,004$11,325,609
63$12,253,083$9,537,839$8,841,399$12,232,227
64$13,439,796$9,942,092$9,074,485$13,222,880
65$14,745,566$10,364,166$9,313,391$14,305,837
66$16,182,475$10,804,870$9,558,250$15,490,199
67$17,763,833$11,265,055$9,809,197$16,785,982
68$19,504,308$11,745,607$10,066,369$18,204,213
69$21,420,061$12,247,455$10,329,907$19,757,030
70$23,528,901$12,771,574$10,599,951$21,457,796
71$25,850,447$13,318,979$10,876,648$23,321,223
72$28,406,322$13,890,738$11,160,145$25,363,507
73$31,220,348$14,487,966$11,450,592$27,602,483
74$34,318,777$15,111,830$11,748,140$30,057,789
75$37,730,536$15,763,553$12,052,946$32,751,047
76$41,487,499$16,444,415$12,365,168$35,706,071
77$45,624,787$17,155,755$12,684,964$38,949,082
78$50,181,104$17,898,976$13,012,500$42,508,961
79$55,199,098$18,675,546$13,347,939$46,417,512
80$60,725,761$19,487,004$13,691,450$50,709,763
81$66,812,879$20,334,957$14,043,205$55,424,296
82$73,517,516$21,221,093$14,403,375$60,603,603
83$80,902,552$22,147,176$14,772,137$66,294,490
84$89,037,278$23,115,054$15,149,670$72,548,512
85$97,998,050$24,126,662$15,536,154$79,422,457
86$107,869,009$25,184,026$15,931,773$86,978,880
87$118,742,873$26,289,268$16,336,712$95,286,689
88$130,721,815$27,444,611$16,751,161$104,421,793
89$143,918,424$28,652,381$17,175,309$114,467,813
90$158,456,772$29,915,016$17,609,350$125,516,869
91$174,473,579$31,235,069$18,053,480$137,670,446
92$192,119,509$32,615,211$18,507,896$151,040,345
93$211,560,586$34,058,244$18,972,798$165,749,738
94$232,979,768$35,567,100$19,448,388$181,934,322
95$256,578,666$37,144,849$19,934,871$199,743,598
96$282,579,452$38,794,710$20,432,452$219,342,275
97$311,226,957$40,520,051$20,941,340$240,911,824
98$342,790,975$42,324,402$21,461,743$264,652,179
99$377,568,818$44,211,461$21,993,875$290,783,626
100$415,888,116$46,185,101$22,537,948$319,548,868