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

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 $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%18.4%
1 years$569,796$564,720$559,768$554,935$550,216$531,540
2 years$282,077$276,824$271,732$266,796$262,007$243,379
3 years$186,183$180,907$175,829$170,939$166,228$148,232
4 years$138,246$132,986$127,958$123,152$118,555$101,330
5 years$109,491$104,263$99,301$94,592$90,124$73,714
6 years$90,327$85,138$80,250$75,646$71,312$55,731
7 years$76,644$71,499$66,688$62,193$57,996$43,241
8 years$66,387$61,288$56,557$52,172$48,113$34,173
9 years$58,413$53,362$48,712$44,439$40,518$27,376
10 years$52,037$47,036$42,468$38,307$34,524$22,158
11 years$46,825$41,873$37,389$33,338$29,691$18,078
12 years$42,484$37,583$33,181$29,242$25,730$14,842
13 years$38,814$33,964$29,645$25,817$22,437$12,247
14 years$35,670$30,873$26,637$22,917$19,668$10,146
15 years$32,949$28,203$24,049$20,438$17,317$8,433
16 years$30,570$25,875$21,804$18,300$15,305$7,029
17 years$28,473$23,830$19,841$16,442$13,571$5,871
18 years$26,611$22,020$18,112$14,818$12,066$4,913
19 years$24,947$20,408$16,581$13,389$10,755$4,117
20 years$23,451$18,964$15,217$12,127$9,607$3,455
21 years$22,099$17,665$13,997$11,006$8,597$2,902
22 years$20,872$16,489$12,900$10,007$7,706$2,440
23 years$19,754$15,422$11,911$9,113$6,917$2,053
24 years$18,730$14,449$11,016$8,312$6,217$1,728
25 years$17,789$13,560$10,203$7,591$5,595$1,455
26 years$16,922$12,744$9,463$6,941$5,039$1,226
27 years$16,121$11,994$8,787$6,353$4,543$1,034
28 years$15,379$11,302$8,168$5,821$4,100$872
29 years$14,688$10,662$7,601$5,338$3,702$735
30 years$14,045$10,069$7,080$4,899$3,345$620
31 years$13,445$9,519$6,601$4,499$3,024$523
32 years$12,883$9,006$6,159$4,135$2,736$442
33 years$12,357$8,529$5,750$3,802$2,476$373
34 years$11,862$8,084$5,373$3,498$2,241$315
35 years$11,397$7,667$5,023$3,220$2,030$266
36 years$10,959$7,277$4,699$2,966$1,839$224
37 years$10,545$6,912$4,398$2,733$1,667$189
38 years$10,154$6,569$4,119$2,519$1,511$160
39 years$9,784$6,246$3,859$2,322$1,371$135
40 years$9,433$5,943$3,617$2,142$1,243$114
41 years$9,101$5,657$3,392$1,976$1,128$96
42 years$8,785$5,388$3,181$1,824$1,023$81
43 years$8,484$5,133$2,985$1,684$929$69
44 years$8,198$4,893$2,802$1,555$843$58
45 years$7,926$4,666$2,631$1,436$765$49
46 years$7,666$4,451$2,471$1,326$695$41
47 years$7,418$4,248$2,322$1,225$631$35
48 years$7,180$4,055$2,182$1,132$573$29
49 years$6,954$3,872$2,051$1,046$520$25
50 years$6,737$3,699$1,928$967$473$21

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 $2,351 every year, while hoping to spend $43,187 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: 61/15/24 Blend
79$6,900,000$6,900,000$6,900,000$6,900,000
80$7,606,225$7,240,525$7,133,575$8,021,577
81$8,336,109$7,549,360$7,326,599$8,612,447
82$9,138,994$7,871,881$7,524,642$9,252,146
83$10,022,281$8,208,712$7,727,827$9,949,423
84$10,994,122$8,560,507$7,936,278$10,709,893
85$12,063,503$8,927,953$8,150,123$11,539,735
86$13,240,322$9,311,764$8,369,494$12,445,749
87$14,535,486$9,712,692$8,594,523$13,435,418
88$15,961,013$10,131,521$8,825,348$14,516,978
89$17,530,146$10,569,075$9,062,106$15,699,494
90$19,257,476$11,026,215$9,304,941$16,992,947
91$21,159,079$11,503,840$9,553,998$18,408,322
92$23,252,672$12,002,895$9,809,424$19,957,713
93$25,557,776$12,524,368$10,071,371$21,654,435
94$28,095,901$13,069,294$10,339,993$23,513,149
95$30,890,747$13,638,754$10,615,448$25,549,997
96$33,968,434$14,233,884$10,897,896$27,782,755
97$37,357,740$14,855,870$11,187,501$30,230,996
98$41,090,378$15,505,955$11,484,430$32,916,276
99$45,201,292$16,185,443$11,788,855$35,862,332
100$49,728,991$16,895,696$12,100,948$39,095,308