Can I retire at age 71 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%15.9%
1 years$635,859$630,195$624,669$619,275$614,009$599,165
2 years$314,782$308,919$303,237$297,729$292,385$277,520
3 years$207,770$201,882$196,215$190,758$185,501$171,079
4 years$154,274$148,405$142,794$137,430$132,301$118,432
5 years$122,186$116,351$110,814$105,559$100,573$87,297
6 years$100,800$95,009$89,554$84,417$79,580$66,910
7 years$85,531$79,789$74,420$69,404$64,720$52,657
8 years$74,084$68,394$63,114$58,221$53,691$42,231
9 years$65,185$59,549$54,360$49,591$45,216$34,348
10 years$58,071$52,490$47,392$42,748$38,526$28,239
11 years$52,254$46,728$41,723$37,204$33,134$23,413
12 years$47,409$41,941$37,029$32,633$28,713$19,542
13 years$43,314$37,902$33,083$28,810$25,038$16,400
14 years$39,806$34,452$29,725$25,574$21,948$13,824
15 years$36,769$31,473$26,838$22,808$19,325$11,694
16 years$34,114$28,876$24,332$20,422$17,080$9,923
17 years$31,774$26,593$22,141$18,349$15,144$8,441
18 years$29,696$24,573$20,212$16,536$13,465$7,196
19 years$27,839$22,774$18,503$14,942$12,002$6,145
20 years$26,170$21,163$16,981$13,533$10,720$5,255
21 years$24,662$19,713$15,620$12,282$9,594$4,500
22 years$23,292$18,401$14,396$11,167$8,599$3,858
23 years$22,044$17,210$13,292$10,170$7,719$3,310
24 years$20,901$16,125$12,293$9,275$6,938$2,843
25 years$19,852$15,132$11,386$8,471$6,243$2,443
26 years$18,885$14,222$10,560$7,745$5,624$2,100
27 years$17,990$13,384$9,806$7,090$5,070$1,807
28 years$17,162$12,612$9,116$6,496$4,575$1,555
29 years$16,391$11,898$8,483$5,957$4,131$1,338
30 years$15,674$11,236$7,901$5,467$3,733$1,153
31 years$15,004$10,622$7,366$5,021$3,375$993
32 years$14,377$10,051$6,873$4,614$3,053$855
33 years$13,790$9,518$6,417$4,243$2,763$737
34 years$13,238$9,021$5,996$3,904$2,501$635
35 years$12,719$8,556$5,606$3,594$2,266$548
36 years$12,229$8,121$5,244$3,310$2,053$472
37 years$11,768$7,713$4,908$3,050$1,860$407
38 years$11,331$7,330$4,596$2,811$1,687$351
39 years$10,918$6,970$4,306$2,592$1,529$303
40 years$10,527$6,632$4,036$2,391$1,387$261
41 years$10,156$6,313$3,785$2,206$1,259$225
42 years$9,803$6,012$3,550$2,035$1,142$194
43 years$9,468$5,728$3,331$1,879$1,036$168
44 years$9,149$5,460$3,127$1,735$941$145
45 years$8,845$5,207$2,936$1,602$854$125
46 years$8,554$4,967$2,758$1,480$775$108
47 years$8,278$4,740$2,591$1,367$704$93
48 years$8,013$4,525$2,435$1,263$639$80
49 years$7,760$4,321$2,289$1,168$581$69
50 years$7,518$4,128$2,152$1,079$528$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $7,700,000, adding $5,844 every year, while hoping to spend $28,281 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: 71/22/7 Blend
70$7,700,000$7,700,000$7,700,000$7,700,000
71$8,491,428$8,083,328$7,963,978$9,084,972
72$9,327,463$8,449,320$8,200,681$9,843,780
73$10,247,826$8,832,298$8,444,365$10,669,984
74$11,261,087$9,233,065$8,695,235$11,573,502
75$12,376,694$9,652,460$8,953,500$12,561,933
76$13,605,051$10,091,365$9,219,377$13,643,639
77$14,957,628$10,550,704$9,493,088$14,827,822
78$16,447,061$11,031,444$9,774,862$16,124,609
79$18,087,275$11,534,598$10,064,933$17,545,146
80$19,893,612$12,061,228$10,363,544$19,101,700
81$21,882,981$12,612,449$10,670,943$20,807,776
82$24,074,013$13,189,427$10,987,387$22,678,238
83$26,487,238$13,793,384$11,313,140$24,729,452
84$29,145,278$14,425,602$11,648,472$26,979,432
85$32,073,063$15,087,423$11,993,663$29,448,016
86$35,298,064$15,780,255$12,348,999$32,157,040
87$38,850,551$16,505,573$12,714,775$35,130,554
88$42,763,883$17,264,922$13,091,296$38,395,034
89$47,074,818$18,059,922$13,478,873$41,979,638
90$51,823,862$18,892,271$13,877,828$45,916,475
91$57,055,653$19,763,748$14,288,492$50,240,903
92$62,819,377$20,676,220$14,711,204$54,991,863
93$69,169,239$21,631,640$15,146,314$60,212,243
94$76,164,968$22,632,057$15,594,183$65,949,275
95$83,872,387$23,679,620$16,055,180$72,254,981
96$92,364,028$24,776,579$16,529,686$79,186,660
97$101,719,821$25,925,293$17,018,093$86,807,425
98$112,027,847$27,128,237$17,520,803$95,186,790
99$123,385,169$28,388,002$18,038,231$104,401,329
100$135,898,747$29,707,305$18,570,803$114,535,389