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%14.4%
1 years$64,164$63,592$63,035$62,491$61,959$60,833
2 years$31,764$31,173$30,599$30,044$29,504$28,373
3 years$20,966$20,372$19,800$19,249$18,719$17,619
4 years$15,568$14,975$14,409$13,868$13,350$12,290
5 years$12,330$11,741$11,182$10,652$10,149$9,130
6 years$10,172$9,587$9,037$8,518$8,030$7,055
7 years$8,631$8,051$7,510$7,003$6,531$5,600
8 years$7,476$6,902$6,369$5,875$5,418$4,530
9 years$6,578$6,009$5,485$5,004$4,563$3,718
10 years$5,860$5,297$4,782$4,314$3,888$3,085
11 years$5,273$4,715$4,210$3,754$3,344$2,582
12 years$4,784$4,232$3,737$3,293$2,897$2,177
13 years$4,371$3,825$3,338$2,907$2,527$1,845
14 years$4,017$3,477$3,000$2,581$2,215$1,571
15 years$3,710$3,176$2,708$2,301$1,950$1,343
16 years$3,442$2,914$2,455$2,061$1,723$1,152
17 years$3,206$2,684$2,234$1,852$1,528$990
18 years$2,997$2,480$2,040$1,669$1,359$854
19 years$2,809$2,298$1,867$1,508$1,211$737
20 years$2,641$2,136$1,714$1,366$1,082$638
21 years$2,489$1,989$1,576$1,239$968$552
22 years$2,350$1,857$1,453$1,127$868$479
23 years$2,224$1,737$1,341$1,026$779$416
24 years$2,109$1,627$1,240$936$700$361
25 years$2,003$1,527$1,149$855$630$314
26 years$1,906$1,435$1,066$782$567$273
27 years$1,815$1,351$989$715$512$238
28 years$1,732$1,273$920$655$462$207
29 years$1,654$1,201$856$601$417$181
30 years$1,582$1,134$797$552$377$158
31 years$1,514$1,072$743$507$341$137
32 years$1,451$1,014$694$466$308$120
33 years$1,391$960$648$428$279$105
34 years$1,336$910$605$394$252$91
35 years$1,283$863$566$363$229$80
36 years$1,234$820$529$334$207$70
37 years$1,187$778$495$308$188$61
38 years$1,143$740$464$284$170$53
39 years$1,102$703$435$262$154$46
40 years$1,062$669$407$241$140$41
41 years$1,025$637$382$223$127$35
42 years$989$607$358$205$115$31
43 years$955$578$336$190$105$27
44 years$923$551$316$175$95$24
45 years$892$525$296$162$86$21
46 years$863$501$278$149$78$18
47 years$835$478$261$138$71$16
48 years$809$457$246$127$65$14
49 years$783$436$231$118$59$12
50 years$759$417$217$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $777,000, adding $4,538 every year, while hoping to spend $54,086 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: 65/5/30 Blend
58$777,000$777,000$777,000$777,000
59$860,935$819,754$807,710$909,746
60$891,203$802,375$777,222$925,966
61$922,746$782,331$743,899$937,320
62$955,637$759,436$707,590$948,568
63$989,953$733,490$668,136$959,707
64$1,025,780$704,283$625,370$970,736
65$1,063,210$671,593$579,120$981,654
66$1,102,341$635,184$529,204$992,464
67$1,143,279$594,808$475,432$1,003,170
68$1,186,141$550,201$417,606$1,013,781
69$1,231,052$501,085$355,520$1,024,308
70$1,278,147$447,166$288,958$1,034,765
71$1,327,574$388,133$217,694$1,045,173
72$1,379,492$323,658$141,493$1,055,555
73$1,434,077$253,393$60,109$1,065,943
74$1,491,516$176,973$0$1,076,373
75$1,552,015$94,009$0$1,095,449
76$1,615,799$4,094$0$1,135,754
77$1,683,112$0$0$1,178,178
78$1,754,219$0$0$1,228,015
79$1,829,411$0$0$1,280,977
80$1,909,005$0$0$1,337,063
81$1,993,347$0$0$1,396,521
82$2,082,815$0$0$1,459,620
83$2,177,822$0$0$1,526,656
84$2,278,821$0$0$1,597,952
85$2,386,305$0$0$1,673,861
86$2,500,817$0$0$1,754,769
87$2,622,949$0$0$1,841,100
88$2,753,350$0$0$1,933,319
89$2,892,733$0$0$2,031,933
90$3,041,877$0$0$2,137,500
91$3,201,637$0$0$2,250,632
92$3,372,951$0$0$2,372,000
93$3,556,849$0$0$2,502,338
94$3,754,460$0$0$2,642,456
95$3,967,024$0$0$2,793,240
96$4,195,902$0$0$2,955,662
97$4,442,590$0$0$3,130,794
98$4,708,729$0$0$3,319,809
99$4,996,123$0$0$3,523,998
100$5,306,755$0$0$3,744,780