Can I retire at age 80 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$569,796$564,720$559,768$554,935$550,216$541,770
2 years$282,077$276,824$271,732$266,796$262,007$253,519
3 years$186,183$180,907$175,829$170,939$166,228$157,961
4 years$138,246$132,986$127,958$123,152$118,555$110,573
5 years$109,491$104,263$99,301$94,592$90,124$82,450
6 years$90,327$85,138$80,250$75,646$71,312$63,955
7 years$76,644$71,499$66,688$62,193$57,996$50,958
8 years$66,387$61,288$56,557$52,172$48,113$41,394
9 years$58,413$53,362$48,712$44,439$40,518$34,114
10 years$52,037$47,036$42,468$38,307$34,524$28,429
11 years$46,825$41,873$37,389$33,338$29,691$23,900
12 years$42,484$37,583$33,181$29,242$25,730$20,235
13 years$38,814$33,964$29,645$25,817$22,437$17,231
14 years$35,670$30,873$26,637$22,917$19,668$14,743
15 years$32,949$28,203$24,049$20,438$17,317$12,663
16 years$30,570$25,875$21,804$18,300$15,305$10,913
17 years$28,473$23,830$19,841$16,442$13,571$9,431
18 years$26,611$22,020$18,112$14,818$12,066$8,170
19 years$24,947$20,408$16,581$13,389$10,755$7,091
20 years$23,451$18,964$15,217$12,127$9,607$6,166
21 years$22,099$17,665$13,997$11,006$8,597$5,369
22 years$20,872$16,489$12,900$10,007$7,706$4,681
23 years$19,754$15,422$11,911$9,113$6,917$4,086
24 years$18,730$14,449$11,016$8,312$6,217$3,570
25 years$17,789$13,560$10,203$7,591$5,595$3,122
26 years$16,922$12,744$9,463$6,941$5,039$2,732
27 years$16,121$11,994$8,787$6,353$4,543$2,392
28 years$15,379$11,302$8,168$5,821$4,100$2,096
29 years$14,688$10,662$7,601$5,338$3,702$1,837
30 years$14,045$10,069$7,080$4,899$3,345$1,611
31 years$13,445$9,519$6,601$4,499$3,024$1,413
32 years$12,883$9,006$6,159$4,135$2,736$1,240
33 years$12,357$8,529$5,750$3,802$2,476$1,088
34 years$11,862$8,084$5,373$3,498$2,241$956
35 years$11,397$7,667$5,023$3,220$2,030$839
36 years$10,959$7,277$4,699$2,966$1,839$737
37 years$10,545$6,912$4,398$2,733$1,667$647
38 years$10,154$6,569$4,119$2,519$1,511$569
39 years$9,784$6,246$3,859$2,322$1,371$500
40 years$9,433$5,943$3,617$2,142$1,243$439
41 years$9,101$5,657$3,392$1,976$1,128$386
42 years$8,785$5,388$3,181$1,824$1,023$339
43 years$8,484$5,133$2,985$1,684$929$298
44 years$8,198$4,893$2,802$1,555$843$262
45 years$7,926$4,666$2,631$1,436$765$230
46 years$7,666$4,451$2,471$1,326$695$203
47 years$7,418$4,248$2,322$1,225$631$178
48 years$7,180$4,055$2,182$1,132$573$157
49 years$6,954$3,872$2,051$1,046$520$138
50 years$6,737$3,699$1,928$967$473$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,900,000, adding $2,148 every year, while hoping to spend $54,999 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: 77/6/17 Blend
79$6,900,000$6,900,000$6,900,000$6,900,000
80$7,606,016$7,240,316$7,133,366$8,162,818
81$8,323,311$7,536,573$7,313,815$8,827,116
82$9,111,927$7,845,503$7,498,466$9,548,335
83$9,979,080$8,167,669$7,687,401$10,337,787
84$10,932,721$8,503,660$7,880,705$11,202,271
85$11,981,611$8,854,092$8,078,461$12,149,273
86$13,135,401$9,219,608$8,280,755$13,187,040
87$14,404,725$9,600,882$8,487,673$14,324,652
88$15,801,300$9,998,618$8,699,303$15,572,111
89$17,338,035$10,413,553$8,915,732$16,940,433
90$19,029,155$10,846,457$9,137,049$18,441,753
91$20,890,332$11,298,137$9,363,343$20,089,436
92$22,938,835$11,769,435$9,594,705$21,898,205
93$25,193,693$12,261,234$9,831,224$23,884,277
94$27,675,872$12,774,457$10,072,993$26,065,518
95$30,408,475$13,310,069$10,320,101$28,461,608
96$33,416,957$13,869,080$10,572,643$31,094,229
97$36,729,370$14,452,548$10,830,709$33,987,263
98$40,376,621$15,061,578$11,094,393$37,167,026
99$44,392,768$15,697,327$11,363,787$40,662,505
100$48,815,341$16,361,007$11,638,985$44,505,639