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%19.7%
1 years$635,859$630,195$624,669$619,275$614,009$590,113
2 years$314,782$308,919$303,237$297,729$292,385$268,600
3 years$207,770$201,882$196,215$190,758$185,501$162,574
4 years$154,274$148,405$142,794$137,430$132,301$110,407
5 years$122,186$116,351$110,814$105,559$100,573$79,769
6 years$100,800$95,009$89,554$84,417$79,580$59,878
7 years$85,531$79,789$74,420$69,404$64,720$46,115
8 years$74,084$68,394$63,114$58,221$53,691$36,164
9 years$65,185$59,549$54,360$49,591$45,216$28,741
10 years$58,071$52,490$47,392$42,748$38,526$23,072
11 years$52,254$46,728$41,723$37,204$33,134$18,665
12 years$47,409$41,941$37,029$32,633$28,713$15,192
13 years$43,314$37,902$33,083$28,810$25,038$12,424
14 years$39,806$34,452$29,725$25,574$21,948$10,200
15 years$36,769$31,473$26,838$22,808$19,325$8,400
16 years$34,114$28,876$24,332$20,422$17,080$6,935
17 years$31,774$26,593$22,141$18,349$15,144$5,738
18 years$29,696$24,573$20,212$16,536$13,465$4,755
19 years$27,839$22,774$18,503$14,942$12,002$3,946
20 years$26,170$21,163$16,981$13,533$10,720$3,278
21 years$24,662$19,713$15,620$12,282$9,594$2,726
22 years$23,292$18,401$14,396$11,167$8,599$2,268
23 years$22,044$17,210$13,292$10,170$7,719$1,889
24 years$20,901$16,125$12,293$9,275$6,938$1,574
25 years$19,852$15,132$11,386$8,471$6,243$1,312
26 years$18,885$14,222$10,560$7,745$5,624$1,094
27 years$17,990$13,384$9,806$7,090$5,070$913
28 years$17,162$12,612$9,116$6,496$4,575$761
29 years$16,391$11,898$8,483$5,957$4,131$635
30 years$15,674$11,236$7,901$5,467$3,733$530
31 years$15,004$10,622$7,366$5,021$3,375$443
32 years$14,377$10,051$6,873$4,614$3,053$370
33 years$13,790$9,518$6,417$4,243$2,763$309
34 years$13,238$9,021$5,996$3,904$2,501$258
35 years$12,719$8,556$5,606$3,594$2,266$215
36 years$12,229$8,121$5,244$3,310$2,053$180
37 years$11,768$7,713$4,908$3,050$1,860$150
38 years$11,331$7,330$4,596$2,811$1,687$125
39 years$10,918$6,970$4,306$2,592$1,529$105
40 years$10,527$6,632$4,036$2,391$1,387$87
41 years$10,156$6,313$3,785$2,206$1,259$73
42 years$9,803$6,012$3,550$2,035$1,142$61
43 years$9,468$5,728$3,331$1,879$1,036$51
44 years$9,149$5,460$3,127$1,735$941$43
45 years$8,845$5,207$2,936$1,602$854$36
46 years$8,554$4,967$2,758$1,480$775$30
47 years$8,278$4,740$2,591$1,367$704$25
48 years$8,013$4,525$2,435$1,263$639$21
49 years$7,760$4,321$2,289$1,168$581$17
50 years$7,518$4,128$2,152$1,079$528$14

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 $5,320 every year, while hoping to spend $21,706 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: 63/20/17 Blend
67$7,700,000$7,700,000$7,700,000$7,700,000
68$8,490,888$8,082,788$7,963,438$8,989,351
69$9,333,863$8,455,749$8,207,118$9,697,935
70$10,262,095$8,846,258$8,458,234$10,468,476
71$11,284,255$9,255,152$8,717,012$11,309,433
72$12,409,902$9,683,308$8,983,684$12,227,667
73$13,649,567$10,131,644$9,258,493$13,230,723
74$15,014,854$10,601,126$9,541,683$14,326,906
75$16,518,551$11,092,763$9,833,511$15,525,348
76$18,174,748$11,607,613$10,134,239$16,836,101
77$19,998,974$12,146,787$10,444,137$18,270,227
78$22,008,338$12,711,449$10,763,485$19,839,896
79$24,221,696$13,302,817$11,092,569$21,558,506
80$26,659,824$13,922,171$11,431,685$23,440,801
81$29,345,618$14,570,849$11,781,138$25,503,012
82$32,304,307$15,250,257$12,141,243$27,763,005
83$35,563,694$15,961,867$12,512,322$30,240,446
84$39,154,416$16,707,223$12,894,710$32,956,989
85$43,110,232$17,487,944$13,288,749$35,936,473
86$47,468,347$18,305,724$13,694,793$39,205,143
87$52,269,758$19,162,343$14,113,207$42,791,901
88$57,559,640$20,059,666$14,544,367$46,728,567
89$63,387,779$20,999,645$14,988,660$51,050,183
90$69,809,036$21,984,331$15,446,483$55,795,337
91$76,883,866$23,015,871$15,918,248$61,006,523
92$84,678,889$24,096,517$16,404,378$66,730,541
93$93,267,519$25,228,631$16,905,308$73,018,930
94$102,730,659$26,414,686$17,421,489$79,928,456
95$113,157,459$27,657,279$17,953,382$87,521,639
96$124,646,163$28,959,129$18,501,463$95,867,340
97$137,305,034$30,323,089$19,066,225$105,041,407
98$151,253,377$31,752,149$19,648,173$115,127,384
99$166,622,662$33,249,445$20,247,827$126,217,295
100$183,557,770$34,818,264$20,865,726$138,412,510