Can I retire at age 59 with 777,000?

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 $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%13.6%
1 years$64,164$63,592$63,035$62,491$61,959$61,033
2 years$31,764$31,173$30,599$30,044$29,504$28,574
3 years$20,966$20,372$19,800$19,249$18,719$17,812
4 years$15,568$14,975$14,409$13,868$13,350$12,475
5 years$12,330$11,741$11,182$10,652$10,149$9,307
6 years$10,172$9,587$9,037$8,518$8,030$7,223
7 years$8,631$8,051$7,510$7,003$6,531$5,758
8 years$7,476$6,902$6,369$5,875$5,418$4,680
9 years$6,578$6,009$5,485$5,004$4,563$3,859
10 years$5,860$5,297$4,782$4,314$3,888$3,218
11 years$5,273$4,715$4,210$3,754$3,344$2,707
12 years$4,784$4,232$3,737$3,293$2,897$2,294
13 years$4,371$3,825$3,338$2,907$2,527$1,954
14 years$4,017$3,477$3,000$2,581$2,215$1,673
15 years$3,710$3,176$2,708$2,301$1,950$1,438
16 years$3,442$2,914$2,455$2,061$1,723$1,240
17 years$3,206$2,684$2,234$1,852$1,528$1,073
18 years$2,997$2,480$2,040$1,669$1,359$930
19 years$2,809$2,298$1,867$1,508$1,211$808
20 years$2,641$2,136$1,714$1,366$1,082$703
21 years$2,489$1,989$1,576$1,239$968$612
22 years$2,350$1,857$1,453$1,127$868$534
23 years$2,224$1,737$1,341$1,026$779$467
24 years$2,109$1,627$1,240$936$700$408
25 years$2,003$1,527$1,149$855$630$357
26 years$1,906$1,435$1,066$782$567$313
27 years$1,815$1,351$989$715$512$274
28 years$1,732$1,273$920$655$462$240
29 years$1,654$1,201$856$601$417$211
30 years$1,582$1,134$797$552$377$185
31 years$1,514$1,072$743$507$341$162
32 years$1,451$1,014$694$466$308$143
33 years$1,391$960$648$428$279$125
34 years$1,336$910$605$394$252$110
35 years$1,283$863$566$363$229$97
36 years$1,234$820$529$334$207$85
37 years$1,187$778$495$308$188$75
38 years$1,143$740$464$284$170$66
39 years$1,102$703$435$262$154$58
40 years$1,062$669$407$241$140$51
41 years$1,025$637$382$223$127$45
42 years$989$607$358$205$115$39
43 years$955$578$336$190$105$35
44 years$923$551$316$175$95$30
45 years$892$525$296$162$86$27
46 years$863$501$278$149$78$24
47 years$835$478$261$138$71$21
48 years$809$457$246$127$65$18
49 years$783$436$231$118$59$16
50 years$759$417$217$109$53$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $777,000, adding $3,623 every year, while hoping to spend $46,983 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: 34/38/28 Blend
58$777,000$777,000$777,000$777,000
59$859,991$818,810$806,767$881,843
60$897,721$808,942$783,804$888,769
61$937,724$797,016$758,497$891,779
62$980,183$782,882$730,718$894,116
63$1,025,298$766,379$700,333$895,754
64$1,073,286$747,339$667,202$896,665
65$1,124,387$725,584$631,179$896,827
66$1,178,861$700,924$592,110$896,217
67$1,236,994$673,159$549,835$894,816
68$1,299,101$642,077$504,188$892,609
69$1,365,524$607,454$454,993$889,586
70$1,436,641$569,053$402,069$885,740
71$1,512,864$526,622$345,224$881,070
72$1,594,648$479,898$284,260$875,585
73$1,682,489$428,600$218,970$869,298
74$1,776,932$372,431$149,135$862,233
75$1,878,579$311,079$74,531$854,425
76$1,988,085$244,214$0$845,921
77$2,106,175$171,486$0$838,299
78$2,233,643$92,526$0$853,979
79$2,371,360$6,945$0$870,841
80$2,520,285$0$0$889,079
81$2,681,473$0$0$944,738
82$2,856,082$0$0$1,008,272
83$3,045,386$0$0$1,077,252
84$3,250,785$0$0$1,152,202
85$3,473,820$0$0$1,233,696
86$3,716,186$0$0$1,322,367
87$3,979,745$0$0$1,418,912
88$4,266,550$0$0$1,524,097
89$4,578,857$0$0$1,638,766
90$4,919,148$0$0$1,763,846
91$5,290,156$0$0$1,900,358
92$5,694,888$0$0$2,049,428
93$6,136,655$0$0$2,212,293
94$6,619,100$0$0$2,390,315
95$7,146,234$0$0$2,584,995
96$7,722,474$0$0$2,797,985
97$8,352,681$0$0$3,031,104
98$9,042,208$0$0$3,286,353
99$9,796,950$0$0$3,565,940
100$10,623,397$0$0$3,872,293