Can I retire at age 60 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%17.2%
1 years$635,859$630,195$624,669$619,275$614,009$596,026
2 years$314,782$308,919$303,237$297,729$292,385$274,413
3 years$207,770$201,882$196,215$190,758$185,501$168,104
4 years$154,274$148,405$142,794$137,430$132,301$115,611
5 years$122,186$116,351$110,814$105,559$100,573$84,637
6 years$100,800$95,009$89,554$84,417$79,580$64,411
7 years$85,531$79,789$74,420$69,404$64,720$50,319
8 years$74,084$68,394$63,114$58,221$53,691$40,049
9 years$65,185$59,549$54,360$49,591$45,216$32,319
10 years$58,071$52,490$47,392$42,748$38,526$26,356
11 years$52,254$46,728$41,723$37,204$33,134$21,671
12 years$47,409$41,941$37,029$32,633$28,713$17,934
13 years$43,314$37,902$33,083$28,810$25,038$14,919
14 years$39,806$34,452$29,725$25,574$21,948$12,463
15 years$36,769$31,473$26,838$22,808$19,325$10,448
16 years$34,114$28,876$24,332$20,422$17,080$8,783
17 years$31,774$26,593$22,141$18,349$15,144$7,401
18 years$29,696$24,573$20,212$16,536$13,465$6,249
19 years$27,839$22,774$18,503$14,942$12,002$5,284
20 years$26,170$21,163$16,981$13,533$10,720$4,475
21 years$24,662$19,713$15,620$12,282$9,594$3,794
22 years$23,292$18,401$14,396$11,167$8,599$3,220
23 years$22,044$17,210$13,292$10,170$7,719$2,735
24 years$20,901$16,125$12,293$9,275$6,938$2,324
25 years$19,852$15,132$11,386$8,471$6,243$1,976
26 years$18,885$14,222$10,560$7,745$5,624$1,682
27 years$17,990$13,384$9,806$7,090$5,070$1,431
28 years$17,162$12,612$9,116$6,496$4,575$1,219
29 years$16,391$11,898$8,483$5,957$4,131$1,038
30 years$15,674$11,236$7,901$5,467$3,733$884
31 years$15,004$10,622$7,366$5,021$3,375$754
32 years$14,377$10,051$6,873$4,614$3,053$642
33 years$13,790$9,518$6,417$4,243$2,763$548
34 years$13,238$9,021$5,996$3,904$2,501$467
35 years$12,719$8,556$5,606$3,594$2,266$398
36 years$12,229$8,121$5,244$3,310$2,053$339
37 years$11,768$7,713$4,908$3,050$1,860$290
38 years$11,331$7,330$4,596$2,811$1,687$247
39 years$10,918$6,970$4,306$2,592$1,529$211
40 years$10,527$6,632$4,036$2,391$1,387$180
41 years$10,156$6,313$3,785$2,206$1,259$153
42 years$9,803$6,012$3,550$2,035$1,142$131
43 years$9,468$5,728$3,331$1,879$1,036$112
44 years$9,149$5,460$3,127$1,735$941$95
45 years$8,845$5,207$2,936$1,602$854$81
46 years$8,554$4,967$2,758$1,480$775$69
47 years$8,278$4,740$2,591$1,367$704$59
48 years$8,013$4,525$2,435$1,263$639$50
49 years$7,760$4,321$2,289$1,168$581$43
50 years$7,518$4,128$2,152$1,079$528$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $7,700,000, adding $4,660 every year, while hoping to spend $57,134 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: 62/29/9 Blend
59$7,700,000$7,700,000$7,700,000$7,700,000
60$8,490,207$8,082,107$7,962,757$8,999,776
61$9,295,418$8,417,340$8,168,719$9,676,345
62$10,180,845$8,767,085$8,379,666$10,407,476
63$11,154,611$9,131,991$8,595,705$11,204,054
64$12,225,664$9,512,741$8,816,943$12,072,410
65$13,403,862$9,910,046$9,043,491$13,019,508
66$14,700,069$10,324,652$9,275,461$14,053,007
67$16,126,253$10,757,336$9,512,966$15,181,331
68$17,695,601$11,208,916$9,756,121$16,413,750
69$19,422,644$11,680,244$10,005,042$17,760,462
70$21,323,391$12,172,213$10,259,848$19,232,689
71$23,415,482$12,685,757$10,520,658$20,842,777
72$25,718,356$13,221,854$10,787,595$22,604,318
73$28,253,429$13,781,525$11,060,780$24,532,266
74$31,044,301$14,365,843$11,340,339$26,643,084
75$34,116,977$14,975,926$11,626,397$28,954,890
76$37,500,109$15,612,947$11,919,082$31,487,632
77$41,225,272$16,278,133$12,218,523$34,263,266
78$45,327,256$16,972,768$12,524,850$37,305,967
79$49,844,399$17,698,196$12,838,195$40,642,348
80$54,818,943$18,455,823$13,158,690$44,301,714
81$60,297,439$19,247,122$13,486,470$48,316,329
82$66,331,181$20,073,635$13,821,670$52,721,721
83$72,976,691$20,936,973$14,164,426$57,557,013
84$80,296,256$21,838,826$14,514,876$62,865,287
85$88,358,508$22,780,963$14,873,158$68,693,987
86$97,239,079$23,765,233$15,239,412$75,095,365
87$107,021,310$24,793,575$15,613,778$82,126,964
88$117,797,040$25,868,016$15,996,396$89,852,164
89$129,667,470$26,990,681$16,387,407$98,340,769
90$142,744,121$28,163,794$16,786,954$107,669,663
91$157,149,883$29,389,681$17,195,179$117,923,533
92$173,020,178$30,670,782$17,612,224$129,195,659
93$190,504,234$32,009,649$18,038,232$141,588,791
94$209,766,498$33,408,954$18,473,345$155,216,110
95$230,988,184$34,871,496$18,917,705$170,202,296
96$254,368,986$36,400,206$19,371,455$186,684,692
97$280,128,960$37,998,153$19,834,736$204,814,596
98$308,510,602$39,668,551$20,307,688$224,758,683
99$339,781,139$41,414,766$20,790,452$246,700,571
100$374,235,049$43,240,323$21,283,165$270,842,543