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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$644,117$638,379$632,782$627,318$621,983$604,740
2 years$318,870$312,931$307,176$301,595$296,182$278,939
3 years$210,468$204,504$198,763$193,235$187,910$171,207
4 years$156,278$150,332$144,648$139,215$134,019$117,983
5 years$123,772$117,862$112,253$106,930$101,879$86,555
6 years$102,109$96,243$90,717$85,513$80,614$66,016
7 years$86,641$80,825$75,386$70,305$65,560$51,689
8 years$75,046$69,282$63,934$58,977$54,389$41,237
9 years$66,032$60,322$55,066$50,235$45,803$33,358
10 years$58,825$53,171$48,008$43,303$39,027$27,272
11 years$52,932$47,335$42,265$37,687$33,564$22,481
12 years$48,025$42,486$37,509$33,057$29,086$18,654
13 years$43,876$38,395$33,512$29,184$25,364$15,560
14 years$40,323$34,900$30,111$25,906$22,234$13,035
15 years$37,246$31,881$27,186$23,104$19,576$10,958
16 years$34,557$29,251$24,648$20,687$17,301$9,238
17 years$32,186$26,939$22,429$18,587$15,341$7,807
18 years$30,082$24,893$20,475$16,751$13,640$6,611
19 years$28,201$23,070$18,744$15,136$12,158$5,608
20 years$26,510$21,438$17,202$13,708$10,860$4,763
21 years$24,982$19,969$15,822$12,441$9,718$4,051
22 years$23,595$18,640$14,583$11,312$8,711$3,449
23 years$22,330$17,434$13,465$10,302$7,819$2,938
24 years$21,173$16,334$12,453$9,396$7,028$2,505
25 years$20,110$15,329$11,534$8,581$6,324$2,137
26 years$19,130$14,407$10,697$7,846$5,697$1,824
27 years$18,224$13,558$9,933$7,182$5,136$1,558
28 years$17,384$12,776$9,234$6,580$4,634$1,331
29 years$16,604$12,053$8,593$6,034$4,185$1,137
30 years$15,877$11,382$8,004$5,538$3,781$972
31 years$15,199$10,760$7,462$5,086$3,419$831
32 years$14,564$10,181$6,962$4,674$3,092$711
33 years$13,969$9,642$6,501$4,298$2,799$608
34 years$13,410$9,138$6,074$3,955$2,534$520
35 years$12,884$8,667$5,678$3,640$2,295$445
36 years$12,388$8,227$5,312$3,353$2,079$381
37 years$11,921$7,813$4,972$3,089$1,885$326
38 years$11,479$7,426$4,656$2,847$1,709$279
39 years$11,060$7,061$4,362$2,625$1,549$239
40 years$10,664$6,718$4,089$2,422$1,405$204
41 years$10,288$6,395$3,834$2,234$1,275$175
42 years$9,931$6,090$3,596$2,062$1,157$150
43 years$9,591$5,803$3,375$1,903$1,050$128
44 years$9,268$5,531$3,168$1,757$953$110
45 years$8,959$5,275$2,974$1,623$865$94
46 years$8,666$5,032$2,794$1,499$786$80
47 years$8,385$4,802$2,625$1,385$713$69
48 years$8,117$4,584$2,466$1,280$648$59
49 years$7,861$4,377$2,318$1,183$588$50
50 years$7,616$4,182$2,179$1,093$534$43

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 $3,234 every year, while hoping to spend $20,733 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: 32/40/28 Blend
70$7,800,000$7,800,000$7,800,000$7,800,000
71$8,598,936$8,185,536$8,064,636$8,800,518
72$9,453,968$8,564,567$8,312,741$9,334,440
73$10,395,518$8,961,477$8,568,464$9,907,055
74$11,432,389$9,377,117$8,832,036$10,523,417
75$12,574,282$9,812,385$9,103,698$11,187,392
76$13,831,885$10,268,219$9,383,699$11,903,214
77$15,216,978$10,745,602$9,672,293$12,675,525
78$16,742,538$11,245,565$9,969,743$13,509,409
79$18,422,868$11,769,189$10,276,321$14,410,442
80$20,273,729$12,317,607$10,592,306$15,384,739
81$22,312,487$12,892,008$10,917,985$16,439,005
82$24,558,279$13,493,635$11,253,657$17,580,598
83$27,032,195$14,123,794$11,599,626$18,817,589
84$29,757,473$14,783,854$11,956,207$20,158,840
85$32,759,721$15,475,249$12,323,726$21,614,077
86$36,067,159$16,199,482$12,702,517$23,193,978
87$39,710,882$16,958,130$13,092,924$24,910,272
88$43,725,159$17,752,845$13,495,304$26,775,837
89$48,147,750$18,585,360$13,910,022$28,804,825
90$53,020,269$19,457,490$14,337,456$31,012,779
91$58,388,570$20,371,141$14,777,994$33,416,782
92$64,303,185$21,328,308$15,232,038$36,035,608
93$70,819,798$22,331,084$15,700,000$38,889,890
94$77,999,774$23,381,663$16,182,306$42,002,311
95$85,910,732$24,482,346$16,679,394$45,397,810
96$94,627,190$25,635,544$17,191,717$49,103,807
97$104,231,264$26,843,786$17,719,740$53,150,456
98$114,813,445$28,109,723$18,263,943$57,570,917
99$126,473,451$29,436,135$18,824,821$62,401,667
100$139,321,173$30,825,935$19,402,882$67,682,826