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%19.2%
1 years$635,859$630,195$624,669$619,275$614,009$591,283
2 years$314,782$308,919$303,237$297,729$292,385$269,746
3 years$207,770$201,882$196,215$190,758$185,501$163,660
4 years$154,274$148,405$142,794$137,430$132,301$111,425
5 years$122,186$116,351$110,814$105,559$100,573$80,717
6 years$100,800$95,009$89,554$84,417$79,580$60,757
7 years$85,531$79,789$74,420$69,404$64,720$46,926
8 years$74,084$68,394$63,114$58,221$53,691$36,910
9 years$65,185$59,549$54,360$49,591$45,216$29,424
10 years$58,071$52,490$47,392$42,748$38,526$23,695
11 years$52,254$46,728$41,723$37,204$33,134$19,232
12 years$47,409$41,941$37,029$32,633$28,713$15,706
13 years$43,314$37,902$33,083$28,810$25,038$12,889
14 years$39,806$34,452$29,725$25,574$21,948$10,618
15 years$36,769$31,473$26,838$22,808$19,325$8,776
16 years$34,114$28,876$24,332$20,422$17,080$7,272
17 years$31,774$26,593$22,141$18,349$15,144$6,038
18 years$29,696$24,573$20,212$16,536$13,465$5,023
19 years$27,839$22,774$18,503$14,942$12,002$4,184
20 years$26,170$21,163$16,981$13,533$10,720$3,489
21 years$24,662$19,713$15,620$12,282$9,594$2,913
22 years$23,292$18,401$14,396$11,167$8,599$2,433
23 years$22,044$17,210$13,292$10,170$7,719$2,034
24 years$20,901$16,125$12,293$9,275$6,938$1,702
25 years$19,852$15,132$11,386$8,471$6,243$1,424
26 years$18,885$14,222$10,560$7,745$5,624$1,192
27 years$17,990$13,384$9,806$7,090$5,070$999
28 years$17,162$12,612$9,116$6,496$4,575$837
29 years$16,391$11,898$8,483$5,957$4,131$701
30 years$15,674$11,236$7,901$5,467$3,733$588
31 years$15,004$10,622$7,366$5,021$3,375$493
32 years$14,377$10,051$6,873$4,614$3,053$413
33 years$13,790$9,518$6,417$4,243$2,763$346
34 years$13,238$9,021$5,996$3,904$2,501$290
35 years$12,719$8,556$5,606$3,594$2,266$243
36 years$12,229$8,121$5,244$3,310$2,053$204
37 years$11,768$7,713$4,908$3,050$1,860$171
38 years$11,331$7,330$4,596$2,811$1,687$144
39 years$10,918$6,970$4,306$2,592$1,529$120
40 years$10,527$6,632$4,036$2,391$1,387$101
41 years$10,156$6,313$3,785$2,206$1,259$85
42 years$9,803$6,012$3,550$2,035$1,142$71
43 years$9,468$5,728$3,331$1,879$1,036$60
44 years$9,149$5,460$3,127$1,735$941$50
45 years$8,845$5,207$2,936$1,602$854$42
46 years$8,554$4,967$2,758$1,480$775$35
47 years$8,278$4,740$2,591$1,367$704$30
48 years$8,013$4,525$2,435$1,263$639$25
49 years$7,760$4,321$2,289$1,168$581$21
50 years$7,518$4,128$2,152$1,079$528$17

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 $4,454 every year, while hoping to spend $55,180 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: 48/44/8 Blend
65$7,700,000$7,700,000$7,700,000$7,700,000
66$8,489,994$8,081,894$7,962,544$8,879,153
67$9,297,263$8,419,196$8,170,578$9,483,685
68$10,185,023$8,771,176$8,383,732$10,133,494
69$11,161,427$9,138,496$8,602,119$10,837,708
70$12,235,457$9,521,846$8,825,854$11,601,409
71$13,417,008$9,921,951$9,055,055$12,430,173
72$14,716,983$10,339,567$9,289,840$13,330,129
73$16,147,397$10,775,487$9,530,331$14,308,005
74$17,721,485$11,230,539$9,776,650$15,371,197
75$19,453,832$11,705,591$10,028,924$16,527,831
76$21,360,508$12,201,551$10,287,278$17,786,836
77$23,459,220$12,719,367$10,551,842$19,158,027
78$25,769,479$13,260,035$10,822,748$20,652,195
79$28,312,784$13,824,594$11,100,127$22,281,204
80$31,112,822$14,414,133$11,384,116$24,058,096
81$34,195,696$15,029,792$11,674,850$25,997,217
82$37,590,168$15,672,764$11,972,469$28,114,343
83$41,327,932$16,344,295$12,277,113$30,426,827
84$45,443,910$17,045,695$12,588,925$32,953,755
85$49,976,584$17,778,329$12,908,049$35,716,128
86$54,968,359$18,543,631$13,234,633$38,737,048
87$60,465,962$19,343,099$13,568,822$42,041,937
88$66,520,880$20,178,301$13,910,769$45,658,767
89$73,189,854$21,050,881$14,260,623$49,618,321
90$80,535,403$21,962,559$14,618,539$53,954,477
91$88,626,425$22,915,135$14,984,670$58,704,523
92$97,538,838$23,910,494$15,359,174$63,909,500
93$107,356,301$24,950,610$15,742,208$69,614,584
94$118,171,003$26,037,549$16,133,931$75,869,507
95$130,084,532$27,173,476$16,534,505$82,729,018
96$143,208,834$28,360,656$16,944,090$90,253,391
97$157,667,269$29,601,462$17,362,851$98,508,987
98$173,595,774$30,898,377$17,790,950$107,568,872
99$191,144,150$32,254,005$18,228,554$117,513,500
100$210,477,471$33,671,069$18,675,829$128,431,459