Can I retire at age 65 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%17.6%
1 years$635,859$630,195$624,669$619,275$614,009$595,069
2 years$314,782$308,919$303,237$297,729$292,385$273,469
3 years$207,770$201,882$196,215$190,758$185,501$167,202
4 years$154,274$148,405$142,794$137,430$132,301$114,760
5 years$122,186$116,351$110,814$105,559$100,573$83,836
6 years$100,800$95,009$89,554$84,417$79,580$63,663
7 years$85,531$79,789$74,420$69,404$64,720$49,621
8 years$74,084$68,394$63,114$58,221$53,691$39,401
9 years$65,185$59,549$54,360$49,591$45,216$31,718
10 years$58,071$52,490$47,392$42,748$38,526$25,802
11 years$52,254$46,728$41,723$37,204$33,134$21,160
12 years$47,409$41,941$37,029$32,633$28,713$17,465
13 years$43,314$37,902$33,083$28,810$25,038$14,490
14 years$39,806$34,452$29,725$25,574$21,948$12,071
15 years$36,769$31,473$26,838$22,808$19,325$10,091
16 years$34,114$28,876$24,332$20,422$17,080$8,458
17 years$31,774$26,593$22,141$18,349$15,144$7,107
18 years$29,696$24,573$20,212$16,536$13,465$5,982
19 years$27,839$22,774$18,503$14,942$12,002$5,044
20 years$26,170$21,163$16,981$13,533$10,720$4,258
21 years$24,662$19,713$15,620$12,282$9,594$3,599
22 years$23,292$18,401$14,396$11,167$8,599$3,045
23 years$22,044$17,210$13,292$10,170$7,719$2,578
24 years$20,901$16,125$12,293$9,275$6,938$2,184
25 years$19,852$15,132$11,386$8,471$6,243$1,851
26 years$18,885$14,222$10,560$7,745$5,624$1,570
27 years$17,990$13,384$9,806$7,090$5,070$1,332
28 years$17,162$12,612$9,116$6,496$4,575$1,131
29 years$16,391$11,898$8,483$5,957$4,131$960
30 years$15,674$11,236$7,901$5,467$3,733$815
31 years$15,004$10,622$7,366$5,021$3,375$692
32 years$14,377$10,051$6,873$4,614$3,053$588
33 years$13,790$9,518$6,417$4,243$2,763$500
34 years$13,238$9,021$5,996$3,904$2,501$425
35 years$12,719$8,556$5,606$3,594$2,266$361
36 years$12,229$8,121$5,244$3,310$2,053$307
37 years$11,768$7,713$4,908$3,050$1,860$261
38 years$11,331$7,330$4,596$2,811$1,687$222
39 years$10,918$6,970$4,306$2,592$1,529$188
40 years$10,527$6,632$4,036$2,391$1,387$160
41 years$10,156$6,313$3,785$2,206$1,259$136
42 years$9,803$6,012$3,550$2,035$1,142$116
43 years$9,468$5,728$3,331$1,879$1,036$98
44 years$9,149$5,460$3,127$1,735$941$84
45 years$8,845$5,207$2,936$1,602$854$71
46 years$8,554$4,967$2,758$1,480$775$60
47 years$8,278$4,740$2,591$1,367$704$51
48 years$8,013$4,525$2,435$1,263$639$44
49 years$7,760$4,321$2,289$1,168$581$37
50 years$7,518$4,128$2,152$1,079$528$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $7,700,000, adding $4,087 every year, while hoping to spend $29,583 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: 73/15/12 Blend
64$7,700,000$7,700,000$7,700,000$7,700,000
65$8,489,616$8,081,516$7,962,166$9,088,289
66$9,324,080$8,446,034$8,197,422$9,849,179
67$10,242,669$8,827,422$8,439,568$10,678,274
68$11,253,931$9,226,475$8,688,804$11,585,583
69$12,367,287$9,644,027$8,945,333$12,578,840
70$13,593,117$10,080,951$9,209,368$13,666,561
71$14,942,859$10,538,162$9,481,126$14,858,116
72$16,429,116$11,016,618$9,760,830$16,163,824
73$18,065,778$11,517,325$10,048,710$17,595,045
74$19,868,148$12,041,334$10,345,002$19,164,284
75$21,853,088$12,589,748$10,649,949$20,885,311
76$24,039,182$13,163,725$10,963,801$22,773,287
77$26,446,905$13,764,474$11,286,815$24,844,908
78$29,098,822$14,393,265$11,619,256$27,118,558
79$32,019,795$15,051,429$11,961,394$29,614,482
80$35,237,224$15,740,358$12,313,510$32,354,975
81$38,781,300$16,461,515$12,675,892$35,364,590
82$42,685,293$17,216,430$13,048,835$38,670,369
83$46,985,864$18,006,706$13,432,642$42,302,097
84$51,723,414$18,834,027$13,827,628$46,292,576
85$56,942,461$19,700,153$14,234,112$50,677,936
86$62,692,064$20,606,933$14,652,427$55,497,976
87$69,026,283$21,556,300$15,082,911$60,796,532
88$76,004,690$22,550,286$15,525,915$66,621,890
89$83,692,933$23,591,014$15,981,798$73,027,239
90$92,163,354$24,680,715$16,450,930$80,071,174
91$101,495,670$25,821,725$16,933,690$87,818,238
92$111,777,730$27,016,491$17,430,470$96,339,535
93$123,106,339$28,267,579$17,941,672$105,713,397
94$135,588,176$29,577,681$18,467,708$116,026,115
95$149,340,797$30,949,614$19,009,003$127,372,757
96$164,493,748$32,386,335$19,565,995$139,858,055
97$181,189,787$33,890,942$20,139,132$153,597,396
98$199,586,228$35,466,680$20,728,875$168,717,902
99$219,856,431$37,116,956$21,335,700$185,359,629
100$242,191,435$38,845,335$21,960,095$203,676,881