Can I retire at age 61 with 7,700,000?

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 $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 61 starting with $7,700,000, adding $3,830 every year, while hoping to spend $45,491 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: 25/46/29 Blend
60$7,700,000$7,700,000$7,700,000$7,700,000
61$8,489,351$8,081,251$7,961,901$8,624,416
62$9,306,862$8,428,830$8,180,222$9,085,819
63$10,206,236$8,791,916$8,404,333$9,576,057
64$11,195,772$9,171,220$8,634,379$10,100,743
65$12,284,619$9,567,488$8,870,509$10,662,801
66$13,482,855$9,981,500$9,112,876$11,265,430
67$14,801,586$10,414,073$9,361,636$11,912,131
68$16,253,046$10,866,061$9,616,949$12,606,734
69$17,850,719$11,338,360$9,878,979$13,353,437
70$19,609,460$11,831,907$10,147,893$14,156,833
71$21,545,638$12,347,684$10,423,861$15,021,958
72$23,677,292$12,886,719$10,707,058$15,954,329
73$26,024,294$13,450,087$10,997,664$16,959,995
74$28,608,547$14,038,916$11,295,860$18,045,588
75$31,454,181$14,654,385$11,601,834$19,218,381
76$34,587,788$15,297,731$11,915,776$20,486,355
77$38,038,669$15,970,247$12,237,881$21,858,264
78$41,839,113$16,673,288$12,568,350$23,343,719
79$46,024,697$17,408,274$12,907,384$24,953,266
80$50,634,628$18,176,691$13,255,193$26,698,486
81$55,712,108$18,980,096$13,611,989$28,592,098
82$61,304,741$19,820,120$13,977,990$30,648,068
83$67,464,989$20,698,469$14,353,416$32,881,740
84$74,250,657$21,616,934$14,738,495$35,309,970
85$81,725,447$22,577,386$15,133,458$37,951,282
86$89,959,554$23,581,790$15,538,540$40,826,032
87$99,030,330$24,632,199$15,953,983$43,956,595
88$109,023,015$25,730,768$16,380,033$47,367,568
89$120,031,539$26,879,753$16,816,940$51,085,992
90$132,159,410$28,081,514$17,264,962$55,141,601
91$145,520,690$29,338,529$17,724,358$59,567,092
92$160,241,074$30,653,390$18,195,397$64,398,424
93$176,459,070$32,028,813$18,678,350$69,675,150
94$194,327,314$33,467,644$19,173,494$75,440,777
95$214,014,006$34,972,864$19,681,112$81,743,168
96$235,704,498$36,547,598$20,201,492$88,634,981
97$259,603,043$38,195,117$20,734,928$96,174,156
98$285,934,726$39,918,849$21,281,721$104,424,447
99$314,947,583$41,722,389$21,842,174$113,456,014
100$346,914,949$43,609,498$22,416,599$123,346,071