Can I retire at age 66 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%13%
1 years$635,859$630,195$624,669$619,275$614,009$606,336
2 years$314,782$308,919$303,237$297,729$292,385$284,665
3 years$207,770$201,882$196,215$190,758$185,501$177,973
4 years$154,274$148,405$142,794$137,430$132,301$125,023
5 years$122,186$116,351$110,814$105,559$100,573$93,566
6 years$100,800$95,009$89,554$84,417$79,580$72,853
7 years$85,531$79,789$74,420$69,404$64,720$58,275
8 years$74,084$68,394$63,114$58,221$53,691$47,529
9 years$65,185$59,549$54,360$49,591$45,216$39,332
10 years$58,071$52,490$47,392$42,748$38,526$32,918
11 years$52,254$46,728$41,723$37,204$33,134$27,795
12 years$47,409$41,941$37,029$32,633$28,713$23,639
13 years$43,314$37,902$33,083$28,810$25,038$20,222
14 years$39,806$34,452$29,725$25,574$21,948$17,382
15 years$36,769$31,473$26,838$22,808$19,325$15,002
16 years$34,114$28,876$24,332$20,422$17,080$12,992
17 years$31,774$26,593$22,141$18,349$15,144$11,283
18 years$29,696$24,573$20,212$16,536$13,465$9,823
19 years$27,839$22,774$18,503$14,942$12,002$8,570
20 years$26,170$21,163$16,981$13,533$10,720$7,491
21 years$24,662$19,713$15,620$12,282$9,594$6,557
22 years$23,292$18,401$14,396$11,167$8,599$5,748
23 years$22,044$17,210$13,292$10,170$7,719$5,044
24 years$20,901$16,125$12,293$9,275$6,938$4,431
25 years$19,852$15,132$11,386$8,471$6,243$3,896
26 years$18,885$14,222$10,560$7,745$5,624$3,429
27 years$17,990$13,384$9,806$7,090$5,070$3,019
28 years$17,162$12,612$9,116$6,496$4,575$2,660
29 years$16,391$11,898$8,483$5,957$4,131$2,345
30 years$15,674$11,236$7,901$5,467$3,733$2,068
31 years$15,004$10,622$7,366$5,021$3,375$1,825
32 years$14,377$10,051$6,873$4,614$3,053$1,610
33 years$13,790$9,518$6,417$4,243$2,763$1,422
34 years$13,238$9,021$5,996$3,904$2,501$1,256
35 years$12,719$8,556$5,606$3,594$2,266$1,109
36 years$12,229$8,121$5,244$3,310$2,053$980
37 years$11,768$7,713$4,908$3,050$1,860$866
38 years$11,331$7,330$4,596$2,811$1,687$765
39 years$10,918$6,970$4,306$2,592$1,529$677
40 years$10,527$6,632$4,036$2,391$1,387$598
41 years$10,156$6,313$3,785$2,206$1,259$529
42 years$9,803$6,012$3,550$2,035$1,142$468
43 years$9,468$5,728$3,331$1,879$1,036$414
44 years$9,149$5,460$3,127$1,735$941$366
45 years$8,845$5,207$2,936$1,602$854$324
46 years$8,554$4,967$2,758$1,480$775$286
47 years$8,278$4,740$2,591$1,367$704$253
48 years$8,013$4,525$2,435$1,263$639$224
49 years$7,760$4,321$2,289$1,168$581$198
50 years$7,518$4,128$2,152$1,079$528$175

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $7,700,000, adding $5,645 every year, while hoping to spend $53,504 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: 32/40/28 Blend
65$7,700,000$7,700,000$7,700,000$7,700,000
66$8,491,223$8,083,123$7,963,773$8,690,221
67$9,300,400$8,422,268$8,173,631$9,182,470
68$10,190,319$8,776,238$8,388,727$9,707,172
69$11,169,161$9,145,703$8,609,179$10,271,286
70$12,245,937$9,531,364$8,835,107$10,878,321
71$13,430,576$9,933,954$9,066,636$11,532,120
72$14,734,017$10,354,240$9,303,892$12,236,900
73$16,168,316$10,793,027$9,547,001$12,997,286
74$17,746,754$11,251,155$9,796,095$13,818,352
75$19,483,963$11,729,502$10,051,305$14,705,666
76$21,396,071$12,228,991$10,312,767$15,665,341
77$23,500,842$12,750,584$10,580,617$16,704,084
78$25,817,855$13,295,289$10,854,994$17,829,264
79$28,368,681$13,864,163$11,136,041$19,048,971
80$31,177,089$14,458,310$11,423,902$20,372,094
81$34,269,271$15,078,886$11,718,721$21,808,395
82$37,674,088$15,727,103$12,020,650$23,368,604
83$41,423,341$16,404,226$12,329,837$25,064,510
84$45,552,071$17,111,583$12,646,437$26,909,072
85$50,098,895$17,850,563$12,970,604$28,916,534
86$55,106,360$18,622,619$13,302,497$31,102,558
87$60,621,354$19,429,272$13,642,277$33,484,362
88$66,695,543$20,272,118$13,990,104$36,080,882
89$73,385,860$21,152,823$14,346,144$38,912,942
90$80,755,042$22,073,135$14,710,564$42,003,447
91$88,872,221$23,034,883$15,083,532$45,377,594
92$97,813,577$24,039,982$15,465,220$49,063,098
93$107,663,057$25,090,437$15,855,800$53,090,456
94$118,513,168$26,188,348$16,255,449$57,493,220
95$130,465,848$27,335,913$16,664,343$62,308,313
96$143,633,427$28,535,436$17,082,661$67,576,364
97$158,139,692$29,789,327$17,510,586$73,342,090
98$174,121,049$31,100,112$17,948,298$79,654,707
99$191,727,814$32,470,436$18,395,984$86,568,385
100$211,125,631$33,903,067$18,853,830$94,142,753