Can I retire at age 71 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$644,117$638,379$632,782$627,318$621,983$599,676
2 years$318,870$312,931$307,176$301,595$296,182$273,950
3 years$210,468$204,504$198,763$193,235$187,910$166,451
4 years$156,278$150,332$144,648$139,215$134,019$113,497
5 years$123,772$117,862$112,253$106,930$101,879$82,348
6 years$102,109$96,243$90,717$85,513$80,614$62,087
7 years$86,641$80,825$75,386$70,305$65,560$48,035
8 years$75,046$69,282$63,934$58,977$54,389$37,850
9 years$66,032$60,322$55,066$50,235$45,803$30,229
10 years$58,825$53,171$48,008$43,303$39,027$24,390
11 years$52,932$47,335$42,265$37,687$33,564$19,834
12 years$48,025$42,486$37,509$33,057$29,086$16,230
13 years$43,876$38,395$33,512$29,184$25,364$13,346
14 years$40,323$34,900$30,111$25,906$22,234$11,019
15 years$37,246$31,881$27,186$23,104$19,576$9,126
16 years$34,557$29,251$24,648$20,687$17,301$7,578
17 years$32,186$26,939$22,429$18,587$15,341$6,307
18 years$30,082$24,893$20,475$16,751$13,640$5,258
19 years$28,201$23,070$18,744$15,136$12,158$4,390
20 years$26,510$21,438$17,202$13,708$10,860$3,669
21 years$24,982$19,969$15,822$12,441$9,718$3,070
22 years$23,595$18,640$14,583$11,312$8,711$2,571
23 years$22,330$17,434$13,465$10,302$7,819$2,155
24 years$21,173$16,334$12,453$9,396$7,028$1,807
25 years$20,110$15,329$11,534$8,581$6,324$1,516
26 years$19,130$14,407$10,697$7,846$5,697$1,272
27 years$18,224$13,558$9,933$7,182$5,136$1,068
28 years$17,384$12,776$9,234$6,580$4,634$897
29 years$16,604$12,053$8,593$6,034$4,185$753
30 years$15,877$11,382$8,004$5,538$3,781$633
31 years$15,199$10,760$7,462$5,086$3,419$532
32 years$14,564$10,181$6,962$4,674$3,092$447
33 years$13,969$9,642$6,501$4,298$2,799$376
34 years$13,410$9,138$6,074$3,955$2,534$316
35 years$12,884$8,667$5,678$3,640$2,295$265
36 years$12,388$8,227$5,312$3,353$2,079$223
37 years$11,921$7,813$4,972$3,089$1,885$188
38 years$11,479$7,426$4,656$2,847$1,709$158
39 years$11,060$7,061$4,362$2,625$1,549$133
40 years$10,664$6,718$4,089$2,422$1,405$112
41 years$10,288$6,395$3,834$2,234$1,275$94
42 years$9,931$6,090$3,596$2,062$1,157$79
43 years$9,591$5,803$3,375$1,903$1,050$66
44 years$9,268$5,531$3,168$1,757$953$56
45 years$8,959$5,275$2,974$1,623$865$47
46 years$8,666$5,032$2,794$1,499$786$39
47 years$8,385$4,802$2,625$1,385$713$33
48 years$8,117$4,584$2,466$1,280$648$28
49 years$7,861$4,377$2,318$1,183$588$23
50 years$7,616$4,182$2,179$1,093$534$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $7,800,000, adding $5,002 every year, while hoping to spend $25,891 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: 39/40/21 Blend
70$7,800,000$7,800,000$7,800,000$7,800,000
71$8,600,760$8,187,360$8,066,460$8,882,212
72$9,450,489$8,560,992$8,309,138$9,459,027
73$10,386,024$8,952,065$8,559,079$10,079,499
74$11,416,087$9,361,406$8,816,497$10,749,887
75$12,550,294$9,789,881$9,081,616$11,474,736
76$13,799,238$10,238,399$9,354,664$12,259,029
77$15,174,591$10,707,912$9,635,876$13,108,234
78$16,689,218$11,199,417$9,925,496$14,028,351
79$18,357,291$11,713,961$10,223,773$15,025,964
80$20,194,429$12,252,640$10,530,964$16,108,302
81$22,217,843$12,816,602$10,847,334$17,283,301
82$24,446,499$13,407,051$11,173,155$18,559,675
83$26,901,293$14,025,248$11,508,707$19,946,998
84$29,605,257$14,672,517$11,854,281$21,455,784
85$32,583,766$15,350,243$12,210,171$23,097,585
86$35,864,783$16,059,878$12,576,686$24,885,097
87$39,479,126$16,802,947$12,954,139$26,832,270
88$43,460,749$17,581,044$13,342,855$28,954,438
89$47,847,072$18,395,842$13,743,168$31,268,458
90$52,679,331$19,249,095$14,155,421$33,792,862
91$58,002,963$20,142,641$14,579,968$36,548,027
92$63,868,041$21,078,407$15,017,173$39,556,361
93$70,329,744$22,058,411$15,467,411$42,842,506
94$77,448,876$23,084,772$15,931,068$46,433,567
95$85,292,443$24,159,707$16,408,540$50,359,361
96$93,934,283$25,285,543$16,900,237$54,652,684
97$103,455,764$26,464,719$17,406,579$59,349,624
98$113,946,551$27,699,790$17,927,999$64,489,882
99$125,505,456$28,993,436$18,464,943$70,117,146
100$138,241,364$30,348,465$19,017,870$76,279,493