Can I retire at age 68 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%16.1%
1 years$635,859$630,195$624,669$619,275$614,009$598,679
2 years$314,782$308,919$303,237$297,729$292,385$277,038
3 years$207,770$201,882$196,215$190,758$185,501$170,616
4 years$154,274$148,405$142,794$137,430$132,301$117,993
5 years$122,186$116,351$110,814$105,559$100,573$86,882
6 years$100,800$95,009$89,554$84,417$79,580$66,519
7 years$85,531$79,789$74,420$69,404$64,720$52,290
8 years$74,084$68,394$63,114$58,221$53,691$41,888
9 years$65,185$59,549$54,360$49,591$45,216$34,028
10 years$58,071$52,490$47,392$42,748$38,526$27,942
11 years$52,254$46,728$41,723$37,204$33,134$23,137
12 years$47,409$41,941$37,029$32,633$28,713$19,286
13 years$43,314$37,902$33,083$28,810$25,038$16,163
14 years$39,806$34,452$29,725$25,574$21,948$13,605
15 years$36,769$31,473$26,838$22,808$19,325$11,494
16 years$34,114$28,876$24,332$20,422$17,080$9,739
17 years$31,774$26,593$22,141$18,349$15,144$8,272
18 years$29,696$24,573$20,212$16,536$13,465$7,041
19 years$27,839$22,774$18,503$14,942$12,002$6,004
20 years$26,170$21,163$16,981$13,533$10,720$5,127
21 years$24,662$19,713$15,620$12,282$9,594$4,384
22 years$23,292$18,401$14,396$11,167$8,599$3,752
23 years$22,044$17,210$13,292$10,170$7,719$3,215
24 years$20,901$16,125$12,293$9,275$6,938$2,756
25 years$19,852$15,132$11,386$8,471$6,243$2,365
26 years$18,885$14,222$10,560$7,745$5,624$2,030
27 years$17,990$13,384$9,806$7,090$5,070$1,743
28 years$17,162$12,612$9,116$6,496$4,575$1,498
29 years$16,391$11,898$8,483$5,957$4,131$1,287
30 years$15,674$11,236$7,901$5,467$3,733$1,107
31 years$15,004$10,622$7,366$5,021$3,375$952
32 years$14,377$10,051$6,873$4,614$3,053$819
33 years$13,790$9,518$6,417$4,243$2,763$704
34 years$13,238$9,021$5,996$3,904$2,501$606
35 years$12,719$8,556$5,606$3,594$2,266$521
36 years$12,229$8,121$5,244$3,310$2,053$449
37 years$11,768$7,713$4,908$3,050$1,860$386
38 years$11,331$7,330$4,596$2,811$1,687$333
39 years$10,918$6,970$4,306$2,592$1,529$286
40 years$10,527$6,632$4,036$2,391$1,387$247
41 years$10,156$6,313$3,785$2,206$1,259$212
42 years$9,803$6,012$3,550$2,035$1,142$183
43 years$9,468$5,728$3,331$1,879$1,036$157
44 years$9,149$5,460$3,127$1,735$941$136
45 years$8,845$5,207$2,936$1,602$854$117
46 years$8,554$4,967$2,758$1,480$775$101
47 years$8,278$4,740$2,591$1,367$704$87
48 years$8,013$4,525$2,435$1,263$639$75
49 years$7,760$4,321$2,289$1,168$581$64
50 years$7,518$4,128$2,152$1,079$528$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $7,700,000, adding $4,141 every year, while hoping to spend $20,816 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: 76/10/14 Blend
67$7,700,000$7,700,000$7,700,000$7,700,000
68$8,489,671$8,081,571$7,962,221$9,109,708
69$9,333,470$8,455,420$8,206,808$9,893,314
70$10,262,638$8,846,890$8,458,890$10,749,110
71$11,285,862$9,256,823$8,718,698$11,686,737
72$12,412,712$9,686,099$8,986,466$12,714,336
73$13,653,735$10,135,645$9,262,440$13,840,872
74$15,020,553$10,606,428$9,546,868$15,076,217
75$16,525,972$11,099,465$9,840,010$16,431,241
76$18,184,103$11,615,821$10,142,132$17,917,911
77$20,010,496$12,156,611$10,453,509$19,549,410
78$22,022,287$12,723,006$10,774,422$21,340,251
79$24,238,359$13,316,231$11,105,164$23,306,420
80$26,679,519$13,937,574$11,446,034$25,465,523
81$29,368,696$14,588,381$11,797,342$27,836,948
82$32,331,156$15,270,065$12,159,407$30,442,052
83$35,594,744$15,984,108$12,532,556$33,304,357
84$39,190,140$16,732,062$12,917,129$36,449,771
85$43,151,156$17,515,554$13,313,475$39,906,834
86$47,515,050$18,336,292$13,721,952$43,706,980
87$52,322,879$19,196,064$14,142,931$47,884,837
88$57,619,887$20,096,746$14,576,794$52,478,550
89$63,455,932$21,040,303$15,023,933$57,530,140
90$69,885,956$22,028,798$15,484,754$63,085,897
91$76,970,505$23,064,390$15,959,675$69,196,815
92$84,776,298$24,149,346$16,449,125$75,919,073
93$93,376,858$25,286,042$16,953,548$83,314,562
94$102,853,206$26,476,966$17,473,401$91,451,466
95$113,294,627$27,724,731$18,009,153$100,404,906
96$124,799,510$29,032,074$18,561,291$110,257,641
97$137,476,279$30,401,866$19,130,314$121,100,852
98$151,444,417$31,837,114$19,716,736$133,034,998
99$166,835,589$33,340,974$20,321,089$146,170,761
100$183,794,892$34,916,755$20,943,918$160,630,087