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%14.6%
1 years$64,164$63,592$63,035$62,491$61,959$60,783
2 years$31,764$31,173$30,599$30,044$29,504$28,324
3 years$20,966$20,372$19,800$19,249$18,719$17,571
4 years$15,568$14,975$14,409$13,868$13,350$12,244
5 years$12,330$11,741$11,182$10,652$10,149$9,087
6 years$10,172$9,587$9,037$8,518$8,030$7,014
7 years$8,631$8,051$7,510$7,003$6,531$5,561
8 years$7,476$6,902$6,369$5,875$5,418$4,493
9 years$6,578$6,009$5,485$5,004$4,563$3,683
10 years$5,860$5,297$4,782$4,314$3,888$3,053
11 years$5,273$4,715$4,210$3,754$3,344$2,552
12 years$4,784$4,232$3,737$3,293$2,897$2,148
13 years$4,371$3,825$3,338$2,907$2,527$1,818
14 years$4,017$3,477$3,000$2,581$2,215$1,546
15 years$3,710$3,176$2,708$2,301$1,950$1,320
16 years$3,442$2,914$2,455$2,061$1,723$1,130
17 years$3,206$2,684$2,234$1,852$1,528$971
18 years$2,997$2,480$2,040$1,669$1,359$835
19 years$2,809$2,298$1,867$1,508$1,211$720
20 years$2,641$2,136$1,714$1,366$1,082$622
21 years$2,489$1,989$1,576$1,239$968$538
22 years$2,350$1,857$1,453$1,127$868$466
23 years$2,224$1,737$1,341$1,026$779$404
24 years$2,109$1,627$1,240$936$700$350
25 years$2,003$1,527$1,149$855$630$304
26 years$1,906$1,435$1,066$782$567$264
27 years$1,815$1,351$989$715$512$230
28 years$1,732$1,273$920$655$462$200
29 years$1,654$1,201$856$601$417$174
30 years$1,582$1,134$797$552$377$151
31 years$1,514$1,072$743$507$341$132
32 years$1,451$1,014$694$466$308$115
33 years$1,391$960$648$428$279$100
34 years$1,336$910$605$394$252$87
35 years$1,283$863$566$363$229$76
36 years$1,234$820$529$334$207$66
37 years$1,187$778$495$308$188$58
38 years$1,143$740$464$284$170$50
39 years$1,102$703$435$262$154$44
40 years$1,062$669$407$241$140$38
41 years$1,025$637$382$223$127$33
42 years$989$607$358$205$115$29
43 years$955$578$336$190$105$25
44 years$923$551$316$175$95$22
45 years$892$525$296$162$86$19
46 years$863$501$278$149$78$17
47 years$835$478$261$138$71$15
48 years$809$457$246$127$65$13
49 years$783$436$231$118$59$11
50 years$759$417$217$109$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $777,000, adding $4,836 every year, while hoping to spend $58,720 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: 57/15/28 Blend
58$777,000$777,000$777,000$777,000
59$861,242$820,061$808,018$903,468
60$886,611$797,767$772,609$910,700
61$912,600$772,412$734,046$912,023
62$939,210$743,784$692,160$912,264
63$966,439$711,660$646,778$911,337
64$994,286$675,801$597,715$909,151
65$1,022,746$635,958$544,781$905,607
66$1,051,810$591,864$487,776$900,601
67$1,081,469$543,239$426,490$894,022
68$1,111,707$489,786$360,706$885,751
69$1,142,507$431,192$290,195$875,663
70$1,173,847$367,125$214,721$863,622
71$1,205,701$297,235$134,035$849,485
72$1,238,035$221,152$47,878$833,099
73$1,270,812$138,486$0$814,300
74$1,303,986$48,823$0$806,079
75$1,337,507$0$0$811,205
76$1,371,312$0$0$823,216
77$1,405,333$0$0$843,384
78$1,439,490$0$0$863,599
79$1,473,692$0$0$883,804
80$1,507,835$0$0$903,931
81$1,541,800$0$0$923,905
82$1,575,456$0$0$943,642
83$1,608,650$0$0$963,045
84$1,641,214$0$0$982,006
85$1,672,957$0$0$1,000,404
86$1,703,664$0$0$1,018,104
87$1,733,096$0$0$1,034,951
88$1,760,982$0$0$1,050,777
89$1,787,023$0$0$1,065,391
90$1,810,883$0$0$1,078,579
91$1,832,186$0$0$1,090,105
92$1,850,514$0$0$1,099,703
93$1,865,403$0$0$1,107,081
94$1,876,333$0$0$1,111,911
95$1,882,730$0$0$1,113,828
96$1,883,951$0$0$1,112,428
97$1,879,287$0$0$1,107,263
98$1,867,946$0$0$1,097,834
99$1,849,054$0$0$1,083,588
100$1,821,637$0$0$1,063,914