Can I retire at age 69 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%13.7%
1 years$635,859$630,195$624,669$619,275$614,009$604,584
2 years$314,782$308,919$303,237$297,729$292,385$282,912
3 years$207,770$201,882$196,215$190,758$185,501$176,275
4 years$154,274$148,405$142,794$137,430$132,301$123,393
5 years$122,186$116,351$110,814$105,559$100,573$92,009
6 years$100,800$95,009$89,554$84,417$79,580$71,370
7 years$85,531$79,789$74,420$69,404$64,720$56,866
8 years$74,084$68,394$63,114$58,221$53,691$46,193
9 years$65,185$59,549$54,360$49,591$45,216$38,069
10 years$58,071$52,490$47,392$42,748$38,526$31,725
11 years$52,254$46,728$41,723$37,204$33,134$26,671
12 years$47,409$41,941$37,029$32,633$28,713$22,582
13 years$43,314$37,902$33,083$28,810$25,038$19,229
14 years$39,806$34,452$29,725$25,574$21,948$16,452
15 years$36,769$31,473$26,838$22,808$19,325$14,131
16 years$34,114$28,876$24,332$20,422$17,080$12,178
17 years$31,774$26,593$22,141$18,349$15,144$10,524
18 years$29,696$24,573$20,212$16,536$13,465$9,117
19 years$27,839$22,774$18,503$14,942$12,002$7,913
20 years$26,170$21,163$16,981$13,533$10,720$6,881
21 years$24,662$19,713$15,620$12,282$9,594$5,992
22 years$23,292$18,401$14,396$11,167$8,599$5,224
23 years$22,044$17,210$13,292$10,170$7,719$4,560
24 years$20,901$16,125$12,293$9,275$6,938$3,984
25 years$19,852$15,132$11,386$8,471$6,243$3,484
26 years$18,885$14,222$10,560$7,745$5,624$3,049
27 years$17,990$13,384$9,806$7,090$5,070$2,669
28 years$17,162$12,612$9,116$6,496$4,575$2,339
29 years$16,391$11,898$8,483$5,957$4,131$2,050
30 years$15,674$11,236$7,901$5,467$3,733$1,798
31 years$15,004$10,622$7,366$5,021$3,375$1,577
32 years$14,377$10,051$6,873$4,614$3,053$1,384
33 years$13,790$9,518$6,417$4,243$2,763$1,215
34 years$13,238$9,021$5,996$3,904$2,501$1,066
35 years$12,719$8,556$5,606$3,594$2,266$936
36 years$12,229$8,121$5,244$3,310$2,053$822
37 years$11,768$7,713$4,908$3,050$1,860$722
38 years$11,331$7,330$4,596$2,811$1,687$635
39 years$10,918$6,970$4,306$2,592$1,529$558
40 years$10,527$6,632$4,036$2,391$1,387$490
41 years$10,156$6,313$3,785$2,206$1,259$431
42 years$9,803$6,012$3,550$2,035$1,142$379
43 years$9,468$5,728$3,331$1,879$1,036$333
44 years$9,149$5,460$3,127$1,735$941$293
45 years$8,845$5,207$2,936$1,602$854$257
46 years$8,554$4,967$2,758$1,480$775$226
47 years$8,278$4,740$2,591$1,367$704$199
48 years$8,013$4,525$2,435$1,263$639$175
49 years$7,760$4,321$2,289$1,168$581$154
50 years$7,518$4,128$2,152$1,079$528$135

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 $2,131 every year, while hoping to spend $45,591 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: 43/46/11 Blend
68$7,700,000$7,700,000$7,700,000$7,700,000
69$8,487,598$8,079,498$7,960,148$8,825,410
70$9,304,825$8,426,885$8,178,305$9,408,644
71$10,203,880$8,789,766$8,402,241$10,035,340
72$11,193,063$9,168,852$8,632,104$10,713,241
73$12,281,517$9,564,887$8,868,041$11,447,055
74$13,479,317$9,978,651$9,110,205$12,241,950
75$14,797,562$10,410,960$9,358,751$13,103,597
76$16,248,484$10,862,667$9,613,840$14,038,222
77$17,845,559$11,334,668$9,875,633$15,052,662
78$19,603,637$11,827,898$10,144,298$16,154,425
79$21,539,081$12,343,338$10,420,005$17,351,756
80$23,669,920$12,882,014$10,702,929$18,653,714
81$26,016,022$13,445,003$10,993,246$20,070,253
82$28,599,276$14,033,428$11,291,140$21,612,309
83$31,443,805$14,648,469$11,596,796$23,291,904
84$34,576,190$15,291,360$11,910,406$25,122,249
85$38,025,719$15,963,395$12,232,162$27,117,870
86$41,824,667$16,665,925$12,562,264$29,294,737
87$46,008,597$17,400,370$12,900,914$31,670,409
88$50,616,700$18,168,214$13,248,320$34,264,196
89$55,692,159$18,971,012$13,604,694$37,097,337
90$61,282,560$19,810,393$13,970,253$40,193,190
91$67,440,340$20,688,061$14,345,216$43,577,453
92$74,223,284$21,605,805$14,729,809$47,278,395
93$81,695,065$22,565,496$15,124,264$51,327,118
94$89,925,849$23,569,092$15,528,814$55,757,842
95$98,992,956$24,618,649$15,943,700$60,608,227
96$108,981,591$25,716,315$16,369,167$65,919,711
97$119,985,644$26,864,346$16,805,465$71,737,902
98$132,108,580$28,065,099$17,252,848$78,112,996
99$145,464,414$29,321,048$17,711,578$85,100,243
100$160,178,787$30,634,782$18,181,919$92,760,460