Can I retire at age 59 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$64,164$63,592$63,035$62,491$61,959$59,761
2 years$31,764$31,173$30,599$30,044$29,504$27,313
3 years$20,966$20,372$19,800$19,249$18,719$16,603
4 years$15,568$14,975$14,409$13,868$13,350$11,327
5 years$12,330$11,741$11,182$10,652$10,149$8,223
6 years$10,172$9,587$9,037$8,518$8,030$6,203
7 years$8,631$8,051$7,510$7,003$6,531$4,802
8 years$7,476$6,902$6,369$5,875$5,418$3,786
9 years$6,578$6,009$5,485$5,004$4,563$3,025
10 years$5,860$5,297$4,782$4,314$3,888$2,443
11 years$5,273$4,715$4,210$3,754$3,344$1,988
12 years$4,784$4,232$3,737$3,293$2,897$1,628
13 years$4,371$3,825$3,338$2,907$2,527$1,339
14 years$4,017$3,477$3,000$2,581$2,215$1,106
15 years$3,710$3,176$2,708$2,301$1,950$917
16 years$3,442$2,914$2,455$2,061$1,723$762
17 years$3,206$2,684$2,234$1,852$1,528$635
18 years$2,997$2,480$2,040$1,669$1,359$530
19 years$2,809$2,298$1,867$1,508$1,211$442
20 years$2,641$2,136$1,714$1,366$1,082$370
21 years$2,489$1,989$1,576$1,239$968$310
22 years$2,350$1,857$1,453$1,127$868$260
23 years$2,224$1,737$1,341$1,026$779$218
24 years$2,109$1,627$1,240$936$700$183
25 years$2,003$1,527$1,149$855$630$153
26 years$1,906$1,435$1,066$782$567$129
27 years$1,815$1,351$989$715$512$108
28 years$1,732$1,273$920$655$462$91
29 years$1,654$1,201$856$601$417$77
30 years$1,582$1,134$797$552$377$64
31 years$1,514$1,072$743$507$341$54
32 years$1,451$1,014$694$466$308$46
33 years$1,391$960$648$428$279$38
34 years$1,336$910$605$394$252$32
35 years$1,283$863$566$363$229$27
36 years$1,234$820$529$334$207$23
37 years$1,187$778$495$308$188$19
38 years$1,143$740$464$284$170$16
39 years$1,102$703$435$262$154$14
40 years$1,062$669$407$241$140$11
41 years$1,025$637$382$223$127$10
42 years$989$607$358$205$115$8
43 years$955$578$336$190$105$7
44 years$923$551$316$175$95$6
45 years$892$525$296$162$86$5
46 years$863$501$278$149$78$4
47 years$835$478$261$138$71$3
48 years$809$457$246$127$65$3
49 years$783$436$231$118$59$2
50 years$759$417$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $777,000, adding $6,578 every year, while hoping to spend $56,567 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: 40/41/19 Blend
58$777,000$777,000$777,000$777,000
59$863,039$821,858$809,815$892,464
60$890,882$801,942$776,757$894,184
61$919,670$779,155$740,695$890,119
62$949,438$753,295$701,470$884,548
63$980,225$724,151$658,914$877,363
64$1,012,071$691,498$612,851$868,452
65$1,045,020$655,099$563,099$857,696
66$1,079,116$614,702$509,466$844,969
67$1,114,405$570,043$451,753$830,137
68$1,150,939$520,839$389,752$813,063
69$1,188,769$466,795$323,243$793,598
70$1,227,952$407,596$252,000$771,588
71$1,268,546$342,911$175,784$746,869
72$1,310,614$272,390$94,349$719,270
73$1,354,222$195,662$7,436$688,611
74$1,399,441$112,338$0$654,702
75$1,446,345$22,004$0$634,639
76$1,495,015$0$0$613,649
77$1,545,535$0$0$624,249
78$1,597,996$0$0$645,578
79$1,652,495$0$0$667,748
80$1,709,135$0$0$690,804
81$1,768,026$0$0$714,792
82$1,829,289$0$0$739,763
83$1,893,049$0$0$765,771
84$1,959,444$0$0$792,875
85$2,028,621$0$0$821,136
86$2,100,736$0$0$850,622
87$2,175,962$0$0$881,407
88$2,254,480$0$0$913,569
89$2,336,488$0$0$947,192
90$2,422,202$0$0$982,368
91$2,511,851$0$0$1,019,197
92$2,605,685$0$0$1,057,786
93$2,703,976$0$0$1,098,253
94$2,807,017$0$0$1,140,723
95$2,915,126$0$0$1,185,334
96$3,028,648$0$0$1,232,236
97$3,147,959$0$0$1,281,590
98$3,273,468$0$0$1,333,574
99$3,405,617$0$0$1,388,380
100$3,544,890$0$0$1,446,218