A review of the literature pertaining to hypergolic fuel systems, particularly using hydrazine or its derivatives and hydrogen peroxide, has been conducted. It has been shown that a large effort has been made towards minimizing the risks involved with the use of a toxic propellant such as the hydrazine. Substitution of hydrazines for nontoxic propellant formulations such as the use of high purity hydrogen peroxide with various types of fuels is one of the major areas of study for future hypergolic propellants. A series of criteria for future hypergolic propellants has been recommended, including low toxicity, wide temperature range applicability, short ignition delay, high specific impulse or density specific impulse, and storability at room temperature.