Can I retire at age 67 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%15.5%
1 years$635,859$630,195$624,669$619,275$614,009$600,141
2 years$314,782$308,919$303,237$297,729$292,385$278,488
3 years$207,770$201,882$196,215$190,758$185,501$172,008
4 years$154,274$148,405$142,794$137,430$132,301$119,316
5 years$122,186$116,351$110,814$105,559$100,573$88,134
6 years$100,800$95,009$89,554$84,417$79,580$67,698
7 years$85,531$79,789$74,420$69,404$64,720$53,398
8 years$74,084$68,394$63,114$58,221$53,691$42,925
9 years$65,185$59,549$54,360$49,591$45,216$34,998
10 years$58,071$52,490$47,392$42,748$38,526$28,845
11 years$52,254$46,728$41,723$37,204$33,134$23,976
12 years$47,409$41,941$37,029$32,633$28,713$20,064
13 years$43,314$37,902$33,083$28,810$25,038$16,883
14 years$39,806$34,452$29,725$25,574$21,948$14,270
15 years$36,769$31,473$26,838$22,808$19,325$12,106
16 years$34,114$28,876$24,332$20,422$17,080$10,301
17 years$31,774$26,593$22,141$18,349$15,144$8,788
18 years$29,696$24,573$20,212$16,536$13,465$7,514
19 years$27,839$22,774$18,503$14,942$12,002$6,435
20 years$26,170$21,163$16,981$13,533$10,720$5,521
21 years$24,662$19,713$15,620$12,282$9,594$4,742
22 years$23,292$18,401$14,396$11,167$8,599$4,078
23 years$22,044$17,210$13,292$10,170$7,719$3,510
24 years$20,901$16,125$12,293$9,275$6,938$3,023
25 years$19,852$15,132$11,386$8,471$6,243$2,606
26 years$18,885$14,222$10,560$7,745$5,624$2,248
27 years$17,990$13,384$9,806$7,090$5,070$1,940
28 years$17,162$12,612$9,116$6,496$4,575$1,675
29 years$16,391$11,898$8,483$5,957$4,131$1,447
30 years$15,674$11,236$7,901$5,467$3,733$1,250
31 years$15,004$10,622$7,366$5,021$3,375$1,080
32 years$14,377$10,051$6,873$4,614$3,053$934
33 years$13,790$9,518$6,417$4,243$2,763$807
34 years$13,238$9,021$5,996$3,904$2,501$698
35 years$12,719$8,556$5,606$3,594$2,266$604
36 years$12,229$8,121$5,244$3,310$2,053$522
37 years$11,768$7,713$4,908$3,050$1,860$452
38 years$11,331$7,330$4,596$2,811$1,687$391
39 years$10,918$6,970$4,306$2,592$1,529$338
40 years$10,527$6,632$4,036$2,391$1,387$293
41 years$10,156$6,313$3,785$2,206$1,259$253
42 years$9,803$6,012$3,550$2,035$1,142$219
43 years$9,468$5,728$3,331$1,879$1,036$190
44 years$9,149$5,460$3,127$1,735$941$164
45 years$8,845$5,207$2,936$1,602$854$142
46 years$8,554$4,967$2,758$1,480$775$123
47 years$8,278$4,740$2,591$1,367$704$107
48 years$8,013$4,525$2,435$1,263$639$92
49 years$7,760$4,321$2,289$1,168$581$80
50 years$7,518$4,128$2,152$1,079$528$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,700,000, adding $2,772 every year, while hoping to spend $41,579 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: 38/50/12 Blend
66$7,700,000$7,700,000$7,700,000$7,700,000
67$8,488,259$8,080,159$7,960,809$8,779,694
68$9,309,822$8,431,847$8,183,257$9,338,949
69$10,213,791$8,799,375$8,411,763$9,938,696
70$11,208,527$9,183,473$8,646,486$10,585,918
71$12,303,243$9,584,910$8,887,590$11,284,897
72$13,508,091$10,004,488$9,135,241$12,040,324
73$14,834,255$10,443,047$9,389,611$12,857,346
74$16,294,062$10,901,469$9,650,875$13,741,608
75$17,901,089$11,380,674$9,919,213$14,699,303
76$19,670,303$11,881,629$10,194,809$15,737,225
77$21,618,190$12,405,345$10,477,851$16,862,835
78$23,762,919$12,952,881$10,768,533$18,084,318
79$26,124,511$13,525,346$11,067,053$19,410,667
80$28,725,024$14,123,902$11,373,613$20,851,751
81$31,588,768$14,749,765$11,688,420$22,418,417
82$34,742,529$15,404,209$12,011,689$24,122,574
83$38,215,822$16,088,570$12,343,635$25,977,310
84$42,041,171$16,804,246$12,684,483$27,997,006
85$46,254,418$17,552,701$13,034,460$30,197,468
86$50,895,054$18,335,469$13,393,800$32,596,067
87$56,006,600$19,154,158$13,762,743$35,211,901
88$61,637,012$20,010,450$14,141,533$38,065,964
89$67,839,134$20,906,109$14,530,422$41,181,342
90$74,671,200$21,842,983$14,929,665$44,583,422
91$82,197,380$22,823,006$15,339,526$48,300,124
92$90,488,386$23,848,207$15,760,273$52,362,156
93$99,622,142$24,920,709$16,192,182$56,803,297
94$109,684,514$26,042,737$16,635,535$61,660,708
95$120,770,127$27,216,624$17,090,618$66,975,273
96$132,983,253$28,444,812$17,557,727$72,791,973
97$146,438,797$29,729,860$18,037,163$79,160,308
98$161,263,381$31,074,450$18,529,234$86,134,745
99$177,596,539$32,481,391$19,034,257$93,775,230
100$195,592,035$33,953,628$19,552,553$102,147,736