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%15.1%
1 years$635,859$630,195$624,669$619,275$614,009$601,120
2 years$314,782$308,919$303,237$297,729$292,385$279,461
3 years$207,770$201,882$196,215$190,758$185,501$172,944
4 years$154,274$148,405$142,794$137,430$132,301$120,208
5 years$122,186$116,351$110,814$105,559$100,573$88,979
6 years$100,800$95,009$89,554$84,417$79,580$68,497
7 years$85,531$79,789$74,420$69,404$64,720$54,150
8 years$74,084$68,394$63,114$58,221$53,691$43,631
9 years$65,185$59,549$54,360$49,591$45,216$35,659
10 years$58,071$52,490$47,392$42,748$38,526$29,462
11 years$52,254$46,728$41,723$37,204$33,134$24,552
12 years$47,409$41,941$37,029$32,633$28,713$20,600
13 years$43,314$37,902$33,083$28,810$25,038$17,380
14 years$39,806$34,452$29,725$25,574$21,948$14,730
15 years$36,769$31,473$26,838$22,808$19,325$12,531
16 years$34,114$28,876$24,332$20,422$17,080$10,693
17 years$31,774$26,593$22,141$18,349$15,144$9,149
18 years$29,696$24,573$20,212$16,536$13,465$7,845
19 years$27,839$22,774$18,503$14,942$12,002$6,739
20 years$26,170$21,163$16,981$13,533$10,720$5,799
21 years$24,662$19,713$15,620$12,282$9,594$4,996
22 years$23,292$18,401$14,396$11,167$8,599$4,309
23 years$22,044$17,210$13,292$10,170$7,719$3,721
24 years$20,901$16,125$12,293$9,275$6,938$3,216
25 years$19,852$15,132$11,386$8,471$6,243$2,781
26 years$18,885$14,222$10,560$7,745$5,624$2,406
27 years$17,990$13,384$9,806$7,090$5,070$2,083
28 years$17,162$12,612$9,116$6,496$4,575$1,805
29 years$16,391$11,898$8,483$5,957$4,131$1,564
30 years$15,674$11,236$7,901$5,467$3,733$1,356
31 years$15,004$10,622$7,366$5,021$3,375$1,175
32 years$14,377$10,051$6,873$4,614$3,053$1,019
33 years$13,790$9,518$6,417$4,243$2,763$884
34 years$13,238$9,021$5,996$3,904$2,501$767
35 years$12,719$8,556$5,606$3,594$2,266$666
36 years$12,229$8,121$5,244$3,310$2,053$578
37 years$11,768$7,713$4,908$3,050$1,860$502
38 years$11,331$7,330$4,596$2,811$1,687$436
39 years$10,918$6,970$4,306$2,592$1,529$378
40 years$10,527$6,632$4,036$2,391$1,387$328
41 years$10,156$6,313$3,785$2,206$1,259$285
42 years$9,803$6,012$3,550$2,035$1,142$248
43 years$9,468$5,728$3,331$1,879$1,036$215
44 years$9,149$5,460$3,127$1,735$941$187
45 years$8,845$5,207$2,936$1,602$854$162
46 years$8,554$4,967$2,758$1,480$775$141
47 years$8,278$4,740$2,591$1,367$704$122
48 years$8,013$4,525$2,435$1,263$639$106
49 years$7,760$4,321$2,289$1,168$581$92
50 years$7,518$4,128$2,152$1,079$528$80

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 $3,065 every year, while hoping to spend $33,579 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: 43/34/23 Blend
59$7,700,000$7,700,000$7,700,000$7,700,000
60$8,488,562$8,080,462$7,961,112$8,796,548
61$9,318,667$8,440,676$8,192,081$9,375,931
62$10,232,318$8,817,416$8,429,662$9,999,793
63$11,238,000$9,211,456$8,674,042$10,675,053
64$12,345,065$9,623,605$8,925,411$11,406,477
65$13,563,815$10,054,715$9,183,966$12,199,298
66$14,905,603$10,505,676$9,449,908$13,059,260
67$16,382,939$10,977,419$9,723,444$13,992,673
68$18,009,609$11,470,922$10,004,789$15,006,469
69$19,800,800$11,987,208$10,294,161$16,108,262
70$21,773,250$12,527,350$10,591,784$17,306,419
71$23,945,403$13,092,471$10,897,890$18,610,136
72$26,337,580$13,683,748$11,212,715$20,029,518
73$28,972,176$14,302,415$11,536,505$21,575,676
74$31,873,869$14,949,764$11,869,508$23,260,824
75$35,069,850$15,627,149$12,211,983$25,098,390
76$38,590,083$16,335,988$12,564,193$27,103,143
77$42,467,589$17,077,768$12,926,410$29,291,324
78$46,738,751$17,854,047$13,298,913$31,680,797
79$51,443,665$18,666,457$13,681,988$34,291,211
80$56,626,514$19,516,708$14,075,930$37,144,182
81$62,335,984$20,406,593$14,481,039$40,263,493
82$68,625,727$21,337,989$14,897,627$43,675,310
83$75,554,866$22,312,865$15,326,013$47,408,428
84$83,188,551$23,333,284$15,766,522$51,494,531
85$91,598,574$24,401,406$16,219,492$55,968,491
86$100,864,051$25,519,497$16,685,267$60,868,687
87$111,072,163$26,689,931$17,164,202$66,237,362
88$122,318,981$27,915,195$17,656,661$72,121,014
89$134,710,375$29,197,898$18,163,017$78,570,829
90$148,363,010$30,540,771$18,683,654$85,643,157
91$163,405,446$31,946,678$19,218,966$93,400,031
92$179,979,357$33,418,621$19,769,357$101,909,754
93$198,240,864$34,959,746$20,335,242$111,247,523
94$218,362,008$36,573,349$20,917,049$121,496,142
95$240,532,377$38,262,887$21,515,214$132,746,785
96$264,960,893$40,031,983$22,130,188$145,099,849
97$291,877,786$41,884,431$22,762,431$158,665,897
98$321,536,764$43,824,213$23,412,416$173,566,682
99$354,217,413$45,855,498$24,080,631$189,936,293
100$390,227,831$47,982,659$24,767,574$207,922,401