Can I retire at age 80 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$553,280$548,351$543,543$538,850$534,267$524,769
2 years$273,901$268,800$263,856$259,063$254,413$244,876
3 years$180,787$175,664$170,732$165,984$161,410$152,131
4 years$134,239$129,131$124,249$119,582$115,119$106,170
5 years$106,317$101,241$96,423$91,850$87,512$78,918
6 years$87,709$82,671$77,924$73,454$69,245$61,017
7 years$74,423$69,427$64,755$60,390$56,315$48,454
8 years$64,463$59,511$54,917$50,660$46,718$39,223
9 years$56,720$51,815$47,300$43,151$39,344$32,210
10 years$50,529$45,673$41,238$37,197$33,523$26,744
11 years$45,467$40,660$36,305$32,372$28,831$22,399
12 years$41,252$36,494$32,220$28,395$24,984$18,891
13 years$37,689$32,980$28,786$25,068$21,787$16,023
14 years$34,636$29,978$25,864$22,253$19,098$13,654
15 years$31,994$27,385$23,352$19,846$16,815$11,680
16 years$29,684$25,125$21,172$17,770$14,862$10,023
17 years$27,647$23,140$19,266$15,966$13,177$8,625
18 years$25,839$21,382$17,587$14,388$11,717$7,439
19 years$24,224$19,817$16,100$13,001$10,443$6,429
20 years$22,771$18,415$14,776$11,775$9,328$5,565
21 years$21,459$17,152$13,591$10,687$8,348$4,824
22 years$20,267$16,011$12,526$9,717$7,482$4,187
23 years$19,181$14,975$11,566$8,849$6,717$3,637
24 years$18,187$14,031$10,696$8,071$6,037$3,163
25 years$17,274$13,167$9,907$7,371$5,432$2,753
26 years$16,432$12,375$9,188$6,739$4,893$2,398
27 years$15,654$11,646$8,532$6,169$4,412$2,089
28 years$14,933$10,974$7,932$5,652$3,981$1,821
29 years$14,263$10,353$7,381$5,183$3,595$1,589
30 years$13,638$9,777$6,875$4,757$3,248$1,386
31 years$13,055$9,243$6,410$4,369$2,936$1,210
32 years$12,510$8,745$5,980$4,015$2,656$1,057
33 years$11,999$8,282$5,584$3,692$2,404$923
34 years$11,519$7,850$5,217$3,397$2,176$806
35 years$11,067$7,445$4,878$3,127$1,971$704
36 years$10,641$7,067$4,563$2,880$1,786$615
37 years$10,239$6,712$4,271$2,654$1,619$538
38 years$9,860$6,378$3,999$2,446$1,468$470
39 years$9,500$6,065$3,747$2,255$1,331$411
40 years$9,160$5,771$3,512$2,080$1,207$359
41 years$8,837$5,493$3,293$1,919$1,095$314
42 years$8,530$5,231$3,089$1,771$994$275
43 years$8,238$4,984$2,899$1,635$902$240
44 years$7,961$4,751$2,721$1,510$819$210
45 years$7,696$4,531$2,555$1,394$743$184
46 years$7,444$4,322$2,400$1,288$675$161
47 years$7,203$4,125$2,254$1,190$613$141
48 years$6,972$3,938$2,119$1,099$556$123
49 years$6,752$3,760$1,991$1,016$505$108
50 years$6,542$3,592$1,872$939$459$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,700,000, adding $3,675 every year, while hoping to spend $43,895 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: 79/15/6 Blend
79$6,700,000$6,700,000$6,700,000$6,700,000
80$7,387,191$7,032,091$6,928,241$7,966,919
81$8,093,980$7,329,959$7,113,633$8,645,143
82$8,871,391$7,640,952$7,303,764$9,382,799
83$9,726,580$7,965,666$7,498,748$10,190,631
84$10,667,434$8,304,726$7,698,698$11,075,609
85$11,702,639$8,658,785$7,903,732$12,045,409
86$12,841,770$9,028,527$8,113,969$13,108,480
87$14,095,375$9,414,669$8,329,531$14,274,124
88$15,475,075$9,817,960$8,550,542$15,552,585
89$16,993,677$10,239,184$8,777,129$16,955,144
90$18,665,291$10,679,162$9,009,422$18,494,222
91$20,505,464$11,138,755$9,247,551$20,183,499
92$22,531,329$11,618,862$9,491,652$22,038,038
93$24,761,763$12,120,424$9,741,860$24,074,431
94$27,217,566$12,644,429$9,998,316$26,310,952
95$29,921,660$13,191,908$10,261,162$28,767,725
96$32,899,301$13,763,942$10,530,542$31,466,917
97$36,178,318$14,361,664$10,806,603$34,432,944
98$39,789,378$14,986,258$11,089,497$37,692,701
99$43,766,274$15,638,964$11,379,374$41,275,810
100$48,146,242$16,321,081$11,676,391$45,214,903