Can I retire at age 67 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%18%
1 years$635,859$630,195$624,669$619,275$614,009$594,116
2 years$314,782$308,919$303,237$297,729$292,385$272,530
3 years$207,770$201,882$196,215$190,758$185,501$166,307
4 years$154,274$148,405$142,794$137,430$132,301$113,915
5 years$122,186$116,351$110,814$105,559$100,573$83,044
6 years$100,800$95,009$89,554$84,417$79,580$62,923
7 years$85,531$79,789$74,420$69,404$64,720$48,933
8 years$74,084$68,394$63,114$58,221$53,691$38,763
9 years$65,185$59,549$54,360$49,591$45,216$31,129
10 years$58,071$52,490$47,392$42,748$38,526$25,259
11 years$52,254$46,728$41,723$37,204$33,134$20,661
12 years$47,409$41,941$37,029$32,633$28,713$17,008
13 years$43,314$37,902$33,083$28,810$25,038$14,072
14 years$39,806$34,452$29,725$25,574$21,948$11,691
15 years$36,769$31,473$26,838$22,808$19,325$9,745
16 years$34,114$28,876$24,332$20,422$17,080$8,145
17 years$31,774$26,593$22,141$18,349$15,144$6,824
18 years$29,696$24,573$20,212$16,536$13,465$5,727
19 years$27,839$22,774$18,503$14,942$12,002$4,814
20 years$26,170$21,163$16,981$13,533$10,720$4,052
21 years$24,662$19,713$15,620$12,282$9,594$3,414
22 years$23,292$18,401$14,396$11,167$8,599$2,879
23 years$22,044$17,210$13,292$10,170$7,719$2,430
24 years$20,901$16,125$12,293$9,275$6,938$2,052
25 years$19,852$15,132$11,386$8,471$6,243$1,734
26 years$18,885$14,222$10,560$7,745$5,624$1,466
27 years$17,990$13,384$9,806$7,090$5,070$1,240
28 years$17,162$12,612$9,116$6,496$4,575$1,049
29 years$16,391$11,898$8,483$5,957$4,131$887
30 years$15,674$11,236$7,901$5,467$3,733$751
31 years$15,004$10,622$7,366$5,021$3,375$636
32 years$14,377$10,051$6,873$4,614$3,053$538
33 years$13,790$9,518$6,417$4,243$2,763$456
34 years$13,238$9,021$5,996$3,904$2,501$386
35 years$12,719$8,556$5,606$3,594$2,266$327
36 years$12,229$8,121$5,244$3,310$2,053$277
37 years$11,768$7,713$4,908$3,050$1,860$235
38 years$11,331$7,330$4,596$2,811$1,687$199
39 years$10,918$6,970$4,306$2,592$1,529$168
40 years$10,527$6,632$4,036$2,391$1,387$143
41 years$10,156$6,313$3,785$2,206$1,259$121
42 years$9,803$6,012$3,550$2,035$1,142$102
43 years$9,468$5,728$3,331$1,879$1,036$87
44 years$9,149$5,460$3,127$1,735$941$74
45 years$8,845$5,207$2,936$1,602$854$62
46 years$8,554$4,967$2,758$1,480$775$53
47 years$8,278$4,740$2,591$1,367$704$45
48 years$8,013$4,525$2,435$1,263$639$38
49 years$7,760$4,321$2,289$1,168$581$32
50 years$7,518$4,128$2,152$1,079$528$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $7,700,000, adding $3,752 every year, while hoping to spend $45,805 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: 48/45/7 Blend
66$7,700,000$7,700,000$7,700,000$7,700,000
67$8,489,270$8,081,170$7,961,820$8,880,915
68$9,306,440$8,428,411$8,179,805$9,496,709
69$10,205,425$8,791,132$8,403,557$10,159,759
70$11,194,524$9,170,043$8,633,221$10,878,548
71$12,282,877$9,565,887$8,868,946$11,658,275
72$13,480,557$9,979,442$9,110,882$12,504,645
73$14,798,662$10,411,523$9,359,186$13,423,925
74$16,249,422$10,862,984$9,614,015$14,422,998
75$17,846,310$11,334,717$9,875,531$15,509,425
76$19,604,173$11,827,658$10,143,901$16,691,512
77$21,539,371$12,342,785$10,419,294$17,978,387
78$23,669,929$12,881,124$10,701,883$19,380,083
79$26,015,711$13,443,748$10,991,845$20,907,626
80$28,598,604$14,031,782$11,289,361$22,573,136
81$31,442,724$14,646,401$11,594,617$24,389,940
82$34,574,646$15,288,840$11,907,802$26,372,691
83$38,023,655$15,960,388$12,229,108$28,537,501
84$41,822,018$16,662,398$12,558,734$30,902,093
85$46,005,293$17,396,284$12,896,880$33,485,958
86$50,612,661$18,163,530$13,243,754$36,310,535
87$55,687,297$18,965,688$13,599,564$39,399,411
88$61,276,779$19,804,384$13,964,527$42,778,536
89$67,433,534$20,681,322$14,338,862$46,476,462
90$74,215,332$21,598,285$14,722,792$50,524,606
91$81,685,837$22,557,142$15,116,547$54,957,542
92$89,915,201$23,559,850$15,520,359$59,813,318
93$98,980,728$24,608,459$15,934,468$65,133,811
94$108,967,605$25,705,116$16,359,115$70,965,112
95$119,969,706$26,852,072$16,794,550$77,357,957
96$132,090,473$28,051,681$17,241,026$84,368,194
97$145,443,901$29,306,413$17,698,799$92,057,306
98$160,155,605$30,618,853$18,168,135$100,492,977
99$176,364,009$31,991,710$18,649,300$109,749,727
100$194,221,656$33,427,821$19,142,570$119,909,604