Can I retire at age 69 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%14.1%
1 years$635,859$630,195$624,669$619,275$614,009$603,588
2 years$314,782$308,919$303,237$297,729$292,385$281,919
3 years$207,770$201,882$196,215$190,758$185,501$175,315
4 years$154,274$148,405$142,794$137,430$132,301$122,473
5 years$122,186$116,351$110,814$105,559$100,573$91,132
6 years$100,800$95,009$89,554$84,417$79,580$70,537
7 years$85,531$79,789$74,420$69,404$64,720$56,077
8 years$74,084$68,394$63,114$58,221$53,691$45,446
9 years$65,185$59,549$54,360$49,591$45,216$37,365
10 years$58,071$52,490$47,392$42,748$38,526$31,062
11 years$52,254$46,728$41,723$37,204$33,134$26,049
12 years$47,409$41,941$37,029$32,633$28,713$21,998
13 years$43,314$37,902$33,083$28,810$25,038$18,683
14 years$39,806$34,452$29,725$25,574$21,948$15,941
15 years$36,769$31,473$26,838$22,808$19,325$13,655
16 years$34,114$28,876$24,332$20,422$17,080$11,735
17 years$31,774$26,593$22,141$18,349$15,144$10,113
18 years$29,696$24,573$20,212$16,536$13,465$8,735
19 years$27,839$22,774$18,503$14,942$12,002$7,559
20 years$26,170$21,163$16,981$13,533$10,720$6,553
21 years$24,662$19,713$15,620$12,282$9,594$5,689
22 years$23,292$18,401$14,396$11,167$8,599$4,945
23 years$22,044$17,210$13,292$10,170$7,719$4,303
24 years$20,901$16,125$12,293$9,275$6,938$3,748
25 years$19,852$15,132$11,386$8,471$6,243$3,267
26 years$18,885$14,222$10,560$7,745$5,624$2,850
27 years$17,990$13,384$9,806$7,090$5,070$2,487
28 years$17,162$12,612$9,116$6,496$4,575$2,172
29 years$16,391$11,898$8,483$5,957$4,131$1,898
30 years$15,674$11,236$7,901$5,467$3,733$1,659
31 years$15,004$10,622$7,366$5,021$3,375$1,450
32 years$14,377$10,051$6,873$4,614$3,053$1,268
33 years$13,790$9,518$6,417$4,243$2,763$1,110
34 years$13,238$9,021$5,996$3,904$2,501$971
35 years$12,719$8,556$5,606$3,594$2,266$850
36 years$12,229$8,121$5,244$3,310$2,053$744
37 years$11,768$7,713$4,908$3,050$1,860$651
38 years$11,331$7,330$4,596$2,811$1,687$570
39 years$10,918$6,970$4,306$2,592$1,529$499
40 years$10,527$6,632$4,036$2,391$1,387$437
41 years$10,156$6,313$3,785$2,206$1,259$383
42 years$9,803$6,012$3,550$2,035$1,142$335
43 years$9,468$5,728$3,331$1,879$1,036$294
44 years$9,149$5,460$3,127$1,735$941$257
45 years$8,845$5,207$2,936$1,602$854$226
46 years$8,554$4,967$2,758$1,480$775$198
47 years$8,278$4,740$2,591$1,367$704$173
48 years$8,013$4,525$2,435$1,263$639$152
49 years$7,760$4,321$2,289$1,168$581$133
50 years$7,518$4,128$2,152$1,079$528$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $7,700,000, adding $3,638 every year, while hoping to spend $27,197 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: 57/31/12 Blend
68$7,700,000$7,700,000$7,700,000$7,700,000
69$8,489,153$8,081,053$7,961,703$8,947,374
70$9,326,109$8,448,087$8,199,482$9,624,473
71$10,247,523$8,832,194$8,444,316$10,358,593
72$11,261,981$9,234,182$8,696,411$11,157,875
73$12,378,944$9,654,898$8,955,982$12,028,564
74$13,608,837$10,095,229$9,223,248$12,977,524
75$14,963,147$10,556,104$9,498,436$14,012,300
76$16,454,532$11,038,497$9,781,777$15,141,191
77$18,096,941$11,543,430$10,073,513$16,373,318
78$19,905,742$12,071,972$10,373,890$17,718,716
79$21,897,874$12,625,244$10,683,160$19,188,418
80$24,091,997$13,204,421$11,001,587$20,794,562
81$26,508,679$13,810,735$11,329,437$22,550,499
82$29,170,579$14,445,477$11,666,989$24,470,920
83$32,102,671$15,109,998$12,014,526$26,571,983
84$35,332,472$15,805,716$12,372,341$28,871,473
85$38,890,306$16,534,118$12,740,736$31,388,957
86$42,809,587$17,296,760$13,120,021$34,145,969
87$47,127,138$18,095,274$13,510,514$37,166,209
88$51,883,535$18,931,371$13,912,545$40,475,761
89$57,123,491$19,806,844$14,326,451$44,103,338
90$62,896,279$20,723,571$14,752,579$48,080,544
91$69,256,197$21,683,524$15,191,288$52,442,169
92$76,263,078$22,688,765$15,642,946$57,226,516
93$83,982,858$23,741,461$16,107,930$62,475,751
94$92,488,194$24,843,878$16,586,631$68,236,301
95$101,859,157$25,998,394$17,079,450$74,559,282
96$112,183,978$27,207,503$17,586,799$81,500,980
97$123,559,890$28,473,816$18,109,102$89,123,372
98$136,094,039$29,800,073$18,646,797$97,494,705
99$149,904,498$31,189,144$19,200,332$106,690,137
100$165,121,384$32,644,040$19,770,171$116,792,433