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%11.4%
1 years$64,164$63,592$63,035$62,491$61,959$61,594
2 years$31,764$31,173$30,599$30,044$29,504$29,136
3 years$20,966$20,372$19,800$19,249$18,719$18,359
4 years$15,568$14,975$14,409$13,868$13,350$13,002
5 years$12,330$11,741$11,182$10,652$10,149$9,812
6 years$10,172$9,587$9,037$8,518$8,030$7,706
7 years$8,631$8,051$7,510$7,003$6,531$6,219
8 years$7,476$6,902$6,369$5,875$5,418$5,119
9 years$6,578$6,009$5,485$5,004$4,563$4,276
10 years$5,860$5,297$4,782$4,314$3,888$3,613
11 years$5,273$4,715$4,210$3,754$3,344$3,081
12 years$4,784$4,232$3,737$3,293$2,897$2,647
13 years$4,371$3,825$3,338$2,907$2,527$2,288
14 years$4,017$3,477$3,000$2,581$2,215$1,987
15 years$3,710$3,176$2,708$2,301$1,950$1,734
16 years$3,442$2,914$2,455$2,061$1,723$1,518
17 years$3,206$2,684$2,234$1,852$1,528$1,333
18 years$2,997$2,480$2,040$1,669$1,359$1,174
19 years$2,809$2,298$1,867$1,508$1,211$1,036
20 years$2,641$2,136$1,714$1,366$1,082$916
21 years$2,489$1,989$1,576$1,239$968$812
22 years$2,350$1,857$1,453$1,127$868$720
23 years$2,224$1,737$1,341$1,026$779$640
24 years$2,109$1,627$1,240$936$700$569
25 years$2,003$1,527$1,149$855$630$506
26 years$1,906$1,435$1,066$782$567$451
27 years$1,815$1,351$989$715$512$402
28 years$1,732$1,273$920$655$462$359
29 years$1,654$1,201$856$601$417$321
30 years$1,582$1,134$797$552$377$287
31 years$1,514$1,072$743$507$341$256
32 years$1,451$1,014$694$466$308$229
33 years$1,391$960$648$428$279$205
34 years$1,336$910$605$394$252$183
35 years$1,283$863$566$363$229$164
36 years$1,234$820$529$334$207$147
37 years$1,187$778$495$308$188$132
38 years$1,143$740$464$284$170$118
39 years$1,102$703$435$262$154$106
40 years$1,062$669$407$241$140$95
41 years$1,025$637$382$223$127$85
42 years$989$607$358$205$115$76
43 years$955$578$336$190$105$68
44 years$923$551$316$175$95$61
45 years$892$525$296$162$86$55
46 years$863$501$278$149$78$49
47 years$835$478$261$138$71$44
48 years$809$457$246$127$65$40
49 years$783$436$231$118$59$36
50 years$759$417$217$109$53$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $777,000, adding $3,531 every year, while hoping to spend $21,552 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: 73/7/20 Blend
58$777,000$777,000$777,000$777,000
59$859,896$818,715$806,672$918,301
60$924,674$835,901$810,764$974,769
61$995,338$853,207$814,271$1,033,671
62$1,072,464$870,615$817,151$1,097,652
63$1,156,688$888,108$819,358$1,167,213
64$1,248,710$905,666$820,847$1,242,905
65$1,349,301$923,266$821,567$1,325,337
66$1,459,308$940,885$821,469$1,415,178
67$1,579,667$958,497$820,497$1,513,168
68$1,711,404$976,074$818,595$1,620,119
69$1,855,653$993,588$815,703$1,736,928
70$2,013,660$1,011,004$811,760$1,864,583
71$2,186,799$1,028,289$806,700$2,004,173
72$2,376,582$1,045,405$800,454$2,156,898
73$2,584,675$1,062,311$792,951$2,324,079
74$2,812,913$1,078,965$784,115$2,507,175
75$3,063,316$1,095,320$773,869$2,707,792
76$3,338,109$1,111,326$762,129$2,927,698
77$3,639,745$1,126,930$748,809$3,168,845
78$3,970,924$1,142,075$733,819$3,433,383
79$4,334,621$1,156,699$717,065$3,723,680
80$4,734,114$1,170,738$698,447$4,042,348
81$5,173,011$1,184,122$677,863$4,392,265
82$5,655,290$1,196,776$655,203$4,776,602
83$6,185,332$1,208,621$630,355$5,198,854
84$6,767,965$1,219,572$603,201$5,662,875
85$7,408,506$1,229,540$573,617$6,172,910
86$8,112,813$1,238,427$541,473$6,733,638
87$8,887,342$1,246,132$506,634$7,350,217
88$9,739,204$1,252,546$468,959$8,028,331
89$10,676,235$1,257,552$428,301$8,774,244
90$11,707,067$1,261,028$384,506$9,594,860
91$12,841,213$1,262,844$337,411$10,497,789
92$14,089,152$1,262,858$286,850$11,491,416
93$15,462,432$1,260,925$232,646$12,584,984
94$16,973,777$1,256,887$174,617$13,788,679
95$18,637,205$1,250,578$112,570$15,113,728
96$20,468,165$1,241,821$46,305$16,572,502
97$22,483,676$1,230,428$0$18,178,639
98$24,702,494$1,216,202$0$19,952,375
99$27,145,284$1,198,931$0$21,915,946
100$29,834,817$1,178,393$0$24,077,764