Can I retire at age 66 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%17.3%
1 years$635,859$630,195$624,669$619,275$614,009$595,786
2 years$314,782$308,919$303,237$297,729$292,385$274,177
3 years$207,770$201,882$196,215$190,758$185,501$167,878
4 years$154,274$148,405$142,794$137,430$132,301$115,398
5 years$122,186$116,351$110,814$105,559$100,573$84,436
6 years$100,800$95,009$89,554$84,417$79,580$64,223
7 years$85,531$79,789$74,420$69,404$64,720$50,143
8 years$74,084$68,394$63,114$58,221$53,691$39,886
9 years$65,185$59,549$54,360$49,591$45,216$32,168
10 years$58,071$52,490$47,392$42,748$38,526$26,217
11 years$52,254$46,728$41,723$37,204$33,134$21,542
12 years$47,409$41,941$37,029$32,633$28,713$17,816
13 years$43,314$37,902$33,083$28,810$25,038$14,811
14 years$39,806$34,452$29,725$25,574$21,948$12,364
15 years$36,769$31,473$26,838$22,808$19,325$10,357
16 years$34,114$28,876$24,332$20,422$17,080$8,701
17 years$31,774$26,593$22,141$18,349$15,144$7,326
18 years$29,696$24,573$20,212$16,536$13,465$6,181
19 years$27,839$22,774$18,503$14,942$12,002$5,223
20 years$26,170$21,163$16,981$13,533$10,720$4,420
21 years$24,662$19,713$15,620$12,282$9,594$3,744
22 years$23,292$18,401$14,396$11,167$8,599$3,175
23 years$22,044$17,210$13,292$10,170$7,719$2,695
24 years$20,901$16,125$12,293$9,275$6,938$2,288
25 years$19,852$15,132$11,386$8,471$6,243$1,944
26 years$18,885$14,222$10,560$7,745$5,624$1,653
27 years$17,990$13,384$9,806$7,090$5,070$1,406
28 years$17,162$12,612$9,116$6,496$4,575$1,196
29 years$16,391$11,898$8,483$5,957$4,131$1,018
30 years$15,674$11,236$7,901$5,467$3,733$867
31 years$15,004$10,622$7,366$5,021$3,375$738
32 years$14,377$10,051$6,873$4,614$3,053$628
33 years$13,790$9,518$6,417$4,243$2,763$535
34 years$13,238$9,021$5,996$3,904$2,501$456
35 years$12,719$8,556$5,606$3,594$2,266$388
36 years$12,229$8,121$5,244$3,310$2,053$331
37 years$11,768$7,713$4,908$3,050$1,860$282
38 years$11,331$7,330$4,596$2,811$1,687$240
39 years$10,918$6,970$4,306$2,592$1,529$205
40 years$10,527$6,632$4,036$2,391$1,387$175
41 years$10,156$6,313$3,785$2,206$1,259$149
42 years$9,803$6,012$3,550$2,035$1,142$127
43 years$9,468$5,728$3,331$1,879$1,036$108
44 years$9,149$5,460$3,127$1,735$941$92
45 years$8,845$5,207$2,936$1,602$854$79
46 years$8,554$4,967$2,758$1,480$775$67
47 years$8,278$4,740$2,591$1,367$704$57
48 years$8,013$4,525$2,435$1,263$639$49
49 years$7,760$4,321$2,289$1,168$581$41
50 years$7,518$4,128$2,152$1,079$528$35

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 $5,498 every year, while hoping to spend $48,337 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: 72/19/9 Blend
65$7,700,000$7,700,000$7,700,000$7,700,000
66$8,491,071$8,082,971$7,963,621$9,088,422
67$9,305,730$8,427,607$8,178,972$9,828,423
68$10,201,864$8,787,509$8,399,918$10,631,874
69$11,187,733$9,163,376$8,626,594$11,510,243
70$12,272,437$9,555,936$8,859,139$12,470,910
71$13,466,003$9,965,954$9,097,697$13,521,995
72$14,779,478$10,394,228$9,342,413$14,672,438
73$16,225,036$10,841,597$9,593,435$15,932,077
74$17,816,089$11,308,935$9,850,915$17,311,745
75$19,567,417$11,797,159$10,115,008$18,823,364
76$21,495,304$12,307,231$10,385,871$20,480,061
77$23,617,694$12,840,154$10,663,666$22,296,290
78$25,954,359$13,396,981$10,948,559$24,287,963
79$28,527,084$13,978,815$11,240,717$26,472,602
80$31,359,877$14,586,807$11,540,311$28,869,501
81$34,479,191$15,222,167$11,847,518$31,499,905
82$37,914,174$15,886,158$12,162,515$34,387,212
83$41,696,945$16,580,105$12,485,485$37,557,187
84$45,862,898$17,305,395$12,816,613$41,038,206
85$50,451,033$18,063,479$13,156,089$44,861,522
86$55,504,327$18,855,878$13,504,107$49,061,554
87$61,070,136$19,684,184$13,860,862$53,676,214
88$67,200,646$20,550,065$14,226,557$58,747,257
89$73,953,360$21,455,266$14,601,395$64,320,679
90$81,391,646$22,401,618$14,985,585$70,447,140
91$89,585,331$23,391,034$15,379,339$77,182,446
92$98,611,361$24,425,521$15,782,874$84,588,071
93$108,554,529$25,507,181$16,196,409$92,731,730
94$119,508,272$26,638,213$16,620,169$101,688,021
95$131,575,553$27,820,924$17,054,383$111,539,120
96$144,869,837$29,057,726$17,499,282$122,375,557
97$159,516,155$30,351,149$17,955,102$134,297,064
98$175,652,290$31,703,843$18,422,085$147,413,512
99$193,430,073$33,118,581$18,900,475$161,845,949
100$213,016,820$34,598,270$19,390,520$177,727,731