Can I retire at age 66 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%17.5%
1 years$635,859$630,195$624,669$619,275$614,009$595,308
2 years$314,782$308,919$303,237$297,729$292,385$273,705
3 years$207,770$201,882$196,215$190,758$185,501$167,427
4 years$154,274$148,405$142,794$137,430$132,301$114,972
5 years$122,186$116,351$110,814$105,559$100,573$84,036
6 years$100,800$95,009$89,554$84,417$79,580$63,849
7 years$85,531$79,789$74,420$69,404$64,720$49,794
8 years$74,084$68,394$63,114$58,221$53,691$39,562
9 years$65,185$59,549$54,360$49,591$45,216$31,867
10 years$58,071$52,490$47,392$42,748$38,526$25,939
11 years$52,254$46,728$41,723$37,204$33,134$21,287
12 years$47,409$41,941$37,029$32,633$28,713$17,581
13 years$43,314$37,902$33,083$28,810$25,038$14,596
14 years$39,806$34,452$29,725$25,574$21,948$12,168
15 years$36,769$31,473$26,838$22,808$19,325$10,179
16 years$34,114$28,876$24,332$20,422$17,080$8,539
17 years$31,774$26,593$22,141$18,349$15,144$7,179
18 years$29,696$24,573$20,212$16,536$13,465$6,048
19 years$27,839$22,774$18,503$14,942$12,002$5,103
20 years$26,170$21,163$16,981$13,533$10,720$4,312
21 years$24,662$19,713$15,620$12,282$9,594$3,647
22 years$23,292$18,401$14,396$11,167$8,599$3,088
23 years$22,044$17,210$13,292$10,170$7,719$2,616
24 years$20,901$16,125$12,293$9,275$6,938$2,218
25 years$19,852$15,132$11,386$8,471$6,243$1,882
26 years$18,885$14,222$10,560$7,745$5,624$1,597
27 years$17,990$13,384$9,806$7,090$5,070$1,356
28 years$17,162$12,612$9,116$6,496$4,575$1,152
29 years$16,391$11,898$8,483$5,957$4,131$979
30 years$15,674$11,236$7,901$5,467$3,733$832
31 years$15,004$10,622$7,366$5,021$3,375$707
32 years$14,377$10,051$6,873$4,614$3,053$601
33 years$13,790$9,518$6,417$4,243$2,763$511
34 years$13,238$9,021$5,996$3,904$2,501$435
35 years$12,719$8,556$5,606$3,594$2,266$370
36 years$12,229$8,121$5,244$3,310$2,053$315
37 years$11,768$7,713$4,908$3,050$1,860$268
38 years$11,331$7,330$4,596$2,811$1,687$228
39 years$10,918$6,970$4,306$2,592$1,529$194
40 years$10,527$6,632$4,036$2,391$1,387$165
41 years$10,156$6,313$3,785$2,206$1,259$140
42 years$9,803$6,012$3,550$2,035$1,142$119
43 years$9,468$5,728$3,331$1,879$1,036$102
44 years$9,149$5,460$3,127$1,735$941$86
45 years$8,845$5,207$2,936$1,602$854$74
46 years$8,554$4,967$2,758$1,480$775$63
47 years$8,278$4,740$2,591$1,367$704$53
48 years$8,013$4,525$2,435$1,263$639$45
49 years$7,760$4,321$2,289$1,168$581$39
50 years$7,518$4,128$2,152$1,079$528$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,700,000, adding $4,892 every year, while hoping to spend $51,088 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: 74/9/17 Blend
65$7,700,000$7,700,000$7,700,000$7,700,000
66$8,490,446$8,082,346$7,962,996$9,085,470
67$9,302,114$8,424,024$8,175,399$9,822,029
68$10,194,861$8,780,731$8,393,206$10,622,137
69$11,176,901$9,153,152$8,616,542$11,497,521
70$12,257,287$9,541,999$8,845,539$12,455,655
71$13,445,994$9,948,020$9,080,328$13,504,766
72$14,754,010$10,371,998$9,321,044$14,653,913
73$16,193,444$10,814,751$9,567,824$15,913,073
74$17,777,638$11,277,137$9,820,809$17,293,230
75$19,521,293$11,760,052$10,080,142$18,806,483
76$21,440,606$12,264,436$10,345,968$20,466,156
77$23,553,426$12,791,271$10,618,435$22,286,921
78$25,879,418$13,341,586$10,897,695$24,284,941
79$28,440,253$13,916,458$11,183,903$26,478,015
80$31,259,808$14,517,014$11,477,213$28,885,751
81$34,364,396$15,144,435$11,777,787$31,529,744
82$37,783,009$15,799,957$12,085,788$34,433,782
83$41,547,594$16,484,872$12,401,379$37,624,070
84$45,693,354$17,200,536$12,724,731$41,129,472
85$50,259,080$17,948,367$13,056,014$44,981,786
86$55,287,518$18,729,849$13,395,402$49,216,042
87$60,825,771$19,546,537$13,743,074$53,870,828
88$66,925,741$20,400,059$14,099,208$58,988,656
89$73,644,624$21,292,119$14,463,989$64,616,361
90$81,045,445$22,224,503$14,837,602$70,805,541
91$89,197,656$23,199,079$15,220,238$77,613,042
92$98,177,788$24,217,805$15,612,087$85,101,493
93$108,070,176$25,282,731$16,013,345$93,339,894
94$118,967,752$26,396,003$16,424,210$102,404,268
95$130,972,925$27,559,870$16,844,884$112,378,376
96$144,198,545$28,776,685$17,275,569$123,354,503
97$158,768,970$30,048,916$17,716,474$135,434,329
98$174,821,236$31,379,144$18,167,807$148,729,887
99$192,506,355$32,770,075$18,629,782$163,364,616
100$211,990,737$34,224,543$19,102,613$179,474,525