Can I retire at age 69 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%11.7%
1 years$635,859$630,195$624,669$619,275$614,009$609,628
2 years$314,782$308,919$303,237$297,729$292,385$287,968
3 years$207,770$201,882$196,215$190,758$185,501$181,184
4 years$154,274$148,405$142,794$137,430$132,301$128,117
5 years$122,186$116,351$110,814$105,559$100,573$96,535
6 years$100,800$95,009$89,554$84,417$79,580$75,693
7 years$85,531$79,789$74,420$69,404$64,720$60,986
8 years$74,084$68,394$63,114$58,221$53,691$50,110
9 years$65,185$59,549$54,360$49,591$45,216$41,786
10 years$58,071$52,490$47,392$42,748$38,526$35,246
11 years$52,254$46,728$41,723$37,204$33,134$30,002
12 years$47,409$41,941$37,029$32,633$28,713$25,726
13 years$43,314$37,902$33,083$28,810$25,038$22,193
14 years$39,806$34,452$29,725$25,574$21,948$19,241
15 years$36,769$31,473$26,838$22,808$19,325$16,752
16 years$34,114$28,876$24,332$20,422$17,080$14,637
17 years$31,774$26,593$22,141$18,349$15,144$12,829
18 years$29,696$24,573$20,212$16,536$13,465$11,272
19 years$27,839$22,774$18,503$14,942$12,002$9,927
20 years$26,170$21,163$16,981$13,533$10,720$8,760
21 years$24,662$19,713$15,620$12,282$9,594$7,743
22 years$23,292$18,401$14,396$11,167$8,599$6,854
23 years$22,044$17,210$13,292$10,170$7,719$6,075
24 years$20,901$16,125$12,293$9,275$6,938$5,390
25 years$19,852$15,132$11,386$8,471$6,243$4,788
26 years$18,885$14,222$10,560$7,745$5,624$4,256
27 years$17,990$13,384$9,806$7,090$5,070$3,787
28 years$17,162$12,612$9,116$6,496$4,575$3,371
29 years$16,391$11,898$8,483$5,957$4,131$3,003
30 years$15,674$11,236$7,901$5,467$3,733$2,677
31 years$15,004$10,622$7,366$5,021$3,375$2,387
32 years$14,377$10,051$6,873$4,614$3,053$2,130
33 years$13,790$9,518$6,417$4,243$2,763$1,901
34 years$13,238$9,021$5,996$3,904$2,501$1,697
35 years$12,719$8,556$5,606$3,594$2,266$1,515
36 years$12,229$8,121$5,244$3,310$2,053$1,354
37 years$11,768$7,713$4,908$3,050$1,860$1,209
38 years$11,331$7,330$4,596$2,811$1,687$1,081
39 years$10,918$6,970$4,306$2,592$1,529$966
40 years$10,527$6,632$4,036$2,391$1,387$864
41 years$10,156$6,313$3,785$2,206$1,259$772
42 years$9,803$6,012$3,550$2,035$1,142$691
43 years$9,468$5,728$3,331$1,879$1,036$618
44 years$9,149$5,460$3,127$1,735$941$552
45 years$8,845$5,207$2,936$1,602$854$494
46 years$8,554$4,967$2,758$1,480$775$442
47 years$8,278$4,740$2,591$1,367$704$396
48 years$8,013$4,525$2,435$1,263$639$354
49 years$7,760$4,321$2,289$1,168$581$317
50 years$7,518$4,128$2,152$1,079$528$283

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 $3,051 every year, while hoping to spend $31,835 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: 52/24/24 Blend
68$7,700,000$7,700,000$7,700,000$7,700,000
69$8,488,547$8,080,447$7,961,097$8,873,052
70$9,320,507$8,442,517$8,193,922$9,501,399
71$10,236,259$8,821,261$8,433,479$10,181,012
72$11,244,318$9,217,463$8,679,961$10,919,635
73$12,354,063$9,631,944$8,933,564$11,722,900
74$13,575,832$10,065,563$9,194,493$12,596,996
75$14,921,013$10,519,222$9,462,954$13,548,729
76$16,402,156$10,993,864$9,739,163$14,585,581
77$18,033,091$11,490,478$10,023,340$15,715,780
78$19,829,056$12,010,101$10,315,712$16,948,376
79$21,806,841$12,553,817$10,616,510$18,293,322
80$23,984,950$13,122,766$10,925,974$19,761,566
81$26,383,771$13,718,138$11,244,351$21,365,154
82$29,025,772$14,341,182$11,571,892$23,117,336
83$31,935,708$14,993,207$11,908,858$25,032,694
84$35,140,861$15,675,585$12,255,515$27,127,271
85$38,671,292$16,389,752$12,612,139$29,418,725
86$42,560,129$17,137,215$12,979,010$31,926,488
87$46,843,874$17,919,551$13,356,419$34,671,946
88$51,562,754$18,738,413$13,744,663$37,678,641
89$56,761,094$19,595,535$14,144,049$40,972,487
90$62,487,742$20,492,732$14,554,891$44,582,009
91$68,796,524$21,431,909$14,977,512$48,538,612
92$75,746,756$22,415,058$15,412,245$52,876,870
93$83,403,799$23,444,271$15,859,430$57,634,851
94$91,839,685$24,521,738$16,319,418$62,854,468
95$101,133,784$25,649,754$16,792,570$68,581,872
96$111,373,564$26,830,727$17,279,256$74,867,884
97$122,655,413$28,067,177$17,779,856$81,768,466
98$135,085,545$29,361,749$18,294,761$89,345,247
99$148,781,008$30,717,212$18,824,373$97,666,096
100$163,870,785$32,136,470$19,369,104$106,805,761