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%14%
1 years$644,117$638,379$632,782$627,318$621,983$611,679
2 years$318,870$312,931$307,176$301,595$296,182$285,831
3 years$210,468$204,504$198,763$193,235$187,910$177,834
4 years$156,278$150,332$144,648$139,215$134,019$124,296
5 years$123,772$117,862$112,253$106,930$101,879$92,537
6 years$102,109$96,243$90,717$85,513$80,614$71,663
7 years$86,641$80,825$75,386$70,305$65,560$57,004
8 years$75,046$69,282$63,934$58,977$54,389$46,225
9 years$66,032$60,322$55,066$50,235$45,803$38,027
10 years$58,825$53,171$48,008$43,303$39,027$31,632
11 years$52,932$47,335$42,265$37,687$33,564$26,543
12 years$48,025$42,486$37,509$33,057$29,086$22,430
13 years$43,876$38,395$33,512$29,184$25,364$19,062
14 years$40,323$34,900$30,111$25,906$22,234$16,276
15 years$37,246$31,881$27,186$23,104$19,576$13,952
16 years$34,557$29,251$24,648$20,687$17,301$11,998
17 years$32,186$26,939$22,429$18,587$15,341$10,347
18 years$30,082$24,893$20,475$16,751$13,640$8,943
19 years$28,201$23,070$18,744$15,136$12,158$7,746
20 years$26,510$21,438$17,202$13,708$10,860$6,720
21 years$24,982$19,969$15,822$12,441$9,718$5,838
22 years$23,595$18,640$14,583$11,312$8,711$5,079
23 years$22,330$17,434$13,465$10,302$7,819$4,423
24 years$21,173$16,334$12,453$9,396$7,028$3,855
25 years$20,110$15,329$11,534$8,581$6,324$3,363
26 years$19,130$14,407$10,697$7,846$5,697$2,936
27 years$18,224$13,558$9,933$7,182$5,136$2,565
28 years$17,384$12,776$9,234$6,580$4,634$2,241
29 years$16,604$12,053$8,593$6,034$4,185$1,960
30 years$15,877$11,382$8,004$5,538$3,781$1,714
31 years$15,199$10,760$7,462$5,086$3,419$1,500
32 years$14,564$10,181$6,962$4,674$3,092$1,313
33 years$13,969$9,642$6,501$4,298$2,799$1,150
34 years$13,410$9,138$6,074$3,955$2,534$1,007
35 years$12,884$8,667$5,678$3,640$2,295$882
36 years$12,388$8,227$5,312$3,353$2,079$773
37 years$11,921$7,813$4,972$3,089$1,885$677
38 years$11,479$7,426$4,656$2,847$1,709$593
39 years$11,060$7,061$4,362$2,625$1,549$520
40 years$10,664$6,718$4,089$2,422$1,405$456
41 years$10,288$6,395$3,834$2,234$1,275$400
42 years$9,931$6,090$3,596$2,062$1,157$350
43 years$9,591$5,803$3,375$1,903$1,050$307
44 years$9,268$5,531$3,168$1,757$953$269
45 years$8,959$5,275$2,974$1,623$865$236
46 years$8,666$5,032$2,794$1,499$786$207
47 years$8,385$4,802$2,625$1,385$713$182
48 years$8,117$4,584$2,466$1,280$648$159
49 years$7,861$4,377$2,318$1,183$588$140
50 years$7,616$4,182$2,179$1,093$534$122

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 $4,753 every year, while hoping to spend $50,021 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: 68/25/7 Blend
70$7,800,000$7,800,000$7,800,000$7,800,000
71$8,600,503$8,187,103$8,066,203$9,175,078
72$9,424,532$8,535,049$8,283,199$9,904,400
73$10,330,936$8,898,368$8,505,787$10,695,147
74$11,328,064$9,277,760$8,734,103$11,558,513
75$12,425,115$9,673,959$8,968,284$12,501,594
76$13,632,225$10,087,731$9,208,470$13,532,197
77$14,960,562$10,519,881$9,454,805$14,658,911
78$16,422,432$10,971,248$9,707,434$15,891,190
79$18,031,394$11,442,712$9,966,506$17,239,435
80$19,802,387$11,935,196$10,232,175$18,715,095
81$21,751,872$12,449,662$10,504,594$20,330,769
82$23,897,989$12,987,121$10,783,924$22,100,325
83$26,260,723$13,548,630$11,070,325$24,039,031
84$28,862,098$14,135,294$11,363,962$26,163,692
85$31,726,382$14,748,273$11,665,004$28,492,808
86$34,880,313$15,388,778$11,973,622$31,046,747
87$38,353,356$16,058,080$12,289,990$33,847,937
88$42,177,981$16,757,509$12,614,287$36,921,068
89$46,389,964$17,488,455$12,946,695$40,293,330
90$51,028,729$18,252,378$13,287,397$43,994,660
91$56,137,718$19,050,803$13,636,584$48,058,027
92$61,764,802$19,885,329$13,994,446$52,519,736
93$67,962,730$20,757,629$14,361,179$57,419,770
94$74,789,632$21,669,456$14,736,982$62,802,161
95$82,309,561$22,622,647$15,122,057$68,715,406
96$90,593,102$23,619,122$15,516,611$75,212,917
97$99,718,035$24,660,895$15,920,854$82,353,522
98$109,770,070$25,750,075$16,334,999$90,202,020
99$120,843,658$26,888,869$16,759,262$98,829,782
100$133,042,879$28,079,592$17,193,865$108,315,423