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%14.9%
1 years$635,859$630,195$624,669$619,275$614,009$601,612
2 years$314,782$308,919$303,237$297,729$292,385$279,950
3 years$207,770$201,882$196,215$190,758$185,501$173,415
4 years$154,274$148,405$142,794$137,430$132,301$120,657
5 years$122,186$116,351$110,814$105,559$100,573$89,405
6 years$100,800$95,009$89,554$84,417$79,580$68,900
7 years$85,531$79,789$74,420$69,404$64,720$54,530
8 years$74,084$68,394$63,114$58,221$53,691$43,989
9 years$65,185$59,549$54,360$49,591$45,216$35,994
10 years$58,071$52,490$47,392$42,748$38,526$29,776
11 years$52,254$46,728$41,723$37,204$33,134$24,844
12 years$47,409$41,941$37,029$32,633$28,713$20,872
13 years$43,314$37,902$33,083$28,810$25,038$17,633
14 years$39,806$34,452$29,725$25,574$21,948$14,965
15 years$36,769$31,473$26,838$22,808$19,325$12,748
16 years$34,114$28,876$24,332$20,422$17,080$10,894
17 years$31,774$26,593$22,141$18,349$15,144$9,334
18 years$29,696$24,573$20,212$16,536$13,465$8,016
19 years$27,839$22,774$18,503$14,942$12,002$6,896
20 years$26,170$21,163$16,981$13,533$10,720$5,943
21 years$24,662$19,713$15,620$12,282$9,594$5,128
22 years$23,292$18,401$14,396$11,167$8,599$4,430
23 years$22,044$17,210$13,292$10,170$7,719$3,831
24 years$20,901$16,125$12,293$9,275$6,938$3,316
25 years$19,852$15,132$11,386$8,471$6,243$2,872
26 years$18,885$14,222$10,560$7,745$5,624$2,489
27 years$17,990$13,384$9,806$7,090$5,070$2,159
28 years$17,162$12,612$9,116$6,496$4,575$1,873
29 years$16,391$11,898$8,483$5,957$4,131$1,626
30 years$15,674$11,236$7,901$5,467$3,733$1,412
31 years$15,004$10,622$7,366$5,021$3,375$1,226
32 years$14,377$10,051$6,873$4,614$3,053$1,065
33 years$13,790$9,518$6,417$4,243$2,763$926
34 years$13,238$9,021$5,996$3,904$2,501$804
35 years$12,719$8,556$5,606$3,594$2,266$699
36 years$12,229$8,121$5,244$3,310$2,053$608
37 years$11,768$7,713$4,908$3,050$1,860$529
38 years$11,331$7,330$4,596$2,811$1,687$460
39 years$10,918$6,970$4,306$2,592$1,529$400
40 years$10,527$6,632$4,036$2,391$1,387$348
41 years$10,156$6,313$3,785$2,206$1,259$303
42 years$9,803$6,012$3,550$2,035$1,142$263
43 years$9,468$5,728$3,331$1,879$1,036$229
44 years$9,149$5,460$3,127$1,735$941$199
45 years$8,845$5,207$2,936$1,602$854$173
46 years$8,554$4,967$2,758$1,480$775$151
47 years$8,278$4,740$2,591$1,367$704$131
48 years$8,013$4,525$2,435$1,263$639$114
49 years$7,760$4,321$2,289$1,168$581$99
50 years$7,518$4,128$2,152$1,079$528$86

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 $2,687 every year, while hoping to spend $32,150 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: 53/37/10 Blend
58$7,700,000$7,700,000$7,700,000$7,700,000
59$8,488,172$8,080,072$7,960,722$8,916,251
60$9,319,758$8,441,788$8,193,198$9,569,160
61$10,235,088$8,820,151$8,432,386$10,275,423
62$11,242,671$9,215,942$8,678,474$11,043,047
63$12,351,880$9,629,980$8,931,660$11,877,846
64$13,573,047$10,063,123$9,192,146$12,786,207
65$14,917,552$10,516,271$9,460,137$13,775,149
66$16,397,939$10,990,365$9,735,848$14,852,383
67$18,028,027$11,486,391$10,019,498$16,026,388
68$19,823,046$12,005,384$10,311,310$17,306,484
69$21,799,775$12,548,427$10,611,518$18,702,914
70$23,976,707$13,116,654$10,920,358$20,226,945
71$26,374,216$13,711,255$11,238,075$21,890,963
72$29,014,755$14,333,476$11,564,920$23,708,593
73$31,923,066$14,984,622$11,901,151$25,694,818
74$35,126,412$15,666,062$12,247,033$27,866,121
75$38,654,836$16,379,229$12,602,838$30,240,632
76$42,541,443$17,125,625$12,968,847$32,838,299
77$46,822,715$17,906,825$13,345,348$35,681,071
78$51,538,850$18,724,478$13,732,636$38,793,096
79$56,734,149$19,580,313$14,131,015$42,200,952
80$62,457,425$20,476,142$14,540,797$45,933,885
81$68,762,472$21,413,862$14,962,303$50,024,082
82$75,708,567$22,395,464$15,395,863$54,506,972
83$83,361,032$23,423,033$15,841,815$59,421,551
84$91,791,849$24,498,753$16,300,508$64,810,745
85$101,080,341$25,624,916$16,772,299$70,721,810
86$111,313,920$26,803,921$17,257,555$77,206,770
87$122,588,910$28,038,283$17,756,654$84,322,898
88$135,011,460$29,330,640$18,269,983$92,133,256
89$148,698,542$30,683,755$18,797,940$100,707,276
90$163,779,058$32,100,524$19,340,936$110,121,411
91$180,395,055$33,583,982$19,899,390$120,459,847
92$198,703,065$35,137,311$20,473,733$131,815,288
93$218,875,584$36,763,847$21,064,411$144,289,823
94$241,102,703$38,467,084$21,671,877$157,995,880
95$265,593,894$40,250,686$22,296,601$173,057,273
96$292,579,996$42,118,495$22,939,062$189,610,368
97$322,315,390$44,074,536$23,599,755$207,805,351
98$355,080,399$46,123,027$24,279,186$227,807,640
99$391,183,938$48,268,394$24,977,877$249,799,428
100$430,966,426$50,515,271$25,696,362$273,981,396