Can I retire at age 80 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$578,053$572,904$567,881$562,978$558,190$550,303
2 years$286,165$280,836$275,670$270,662$265,805$257,874
3 years$188,882$183,529$178,377$173,416$168,637$160,909
4 years$140,249$134,913$129,813$124,936$120,274$112,808
5 years$111,078$105,774$100,740$95,963$91,430$84,248
6 years$91,636$86,372$81,413$76,743$72,346$65,456
7 years$77,755$72,535$67,655$63,094$58,836$52,242
8 years$67,349$62,176$57,376$52,928$48,810$42,510
9 years$59,259$54,135$49,418$45,083$41,105$35,096
10 years$52,792$47,718$43,084$38,862$35,024$29,301
11 years$47,503$42,480$37,930$33,822$30,122$24,680
12 years$43,099$38,128$33,662$29,666$26,103$20,936
13 years$39,376$34,457$30,075$26,191$22,762$17,862
14 years$36,187$31,320$27,023$23,249$19,953$15,313
15 years$33,426$28,611$24,398$20,734$17,568$13,180
16 years$31,013$26,250$22,120$18,565$15,527$11,383
17 years$28,885$24,176$20,128$16,681$13,767$9,858
18 years$26,996$22,339$18,375$15,033$12,241$8,558
19 years$25,308$20,704$16,821$13,583$10,911$7,444
20 years$23,791$19,239$15,438$12,302$9,746$6,487
21 years$22,420$17,921$14,200$11,165$8,721$5,662
22 years$21,175$16,728$13,087$10,152$7,817$4,948
23 years$20,040$15,645$12,084$9,245$7,017$4,329
24 years$19,001$14,659$11,175$8,432$6,307$3,791
25 years$18,047$13,757$10,351$7,701$5,676$3,323
26 years$17,168$12,929$9,600$7,041$5,112$2,915
27 years$16,355$12,168$8,914$6,445$4,609$2,558
28 years$15,601$11,466$8,287$5,905$4,159$2,247
29 years$14,901$10,816$7,712$5,415$3,756$1,974
30 years$14,249$10,215$7,183$4,970$3,393$1,735
31 years$13,640$9,657$6,697$4,564$3,068$1,526
32 years$13,070$9,137$6,248$4,195$2,775$1,343
33 years$12,536$8,653$5,834$3,857$2,512$1,181
34 years$12,034$8,201$5,451$3,549$2,274$1,040
35 years$11,562$7,779$5,096$3,267$2,060$915
36 years$11,118$7,383$4,767$3,009$1,866$806
37 years$10,698$7,012$4,462$2,772$1,691$710
38 years$10,301$6,664$4,179$2,555$1,533$625
39 years$9,926$6,337$3,915$2,356$1,390$551
40 years$9,570$6,029$3,669$2,173$1,261$485
41 years$9,233$5,739$3,441$2,005$1,144$428
42 years$8,912$5,466$3,228$1,850$1,038$377
43 years$8,607$5,208$3,029$1,708$942$332
44 years$8,317$4,964$2,843$1,577$855$293
45 years$8,041$4,734$2,669$1,457$776$258
46 years$7,777$4,516$2,507$1,345$705$227
47 years$7,525$4,309$2,355$1,243$640$200
48 years$7,285$4,114$2,213$1,149$581$177
49 years$7,055$3,928$2,080$1,062$528$156
50 years$6,834$3,753$1,956$981$480$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,000,000, adding $5,929 every year, while hoping to spend $46,520 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: 53/41/6 Blend
79$7,000,000$7,000,000$7,000,000$7,000,000
80$7,720,116$7,349,116$7,240,616$8,118,317
81$8,458,071$7,659,726$7,433,679$8,699,124
82$9,269,738$7,983,996$7,631,652$9,325,047
83$10,162,587$8,322,547$7,834,648$10,004,842
84$11,144,847$8,676,029$8,042,785$10,743,603
85$12,225,587$9,045,120$8,256,184$11,546,926
86$13,414,798$9,430,531$8,474,967$12,420,959
87$14,723,487$9,833,007$8,699,258$13,372,459
88$16,163,784$10,253,326$8,929,185$14,408,855
89$17,749,055$10,692,304$9,164,877$15,538,311
90$19,494,025$11,150,793$9,406,467$16,769,803
91$21,414,920$11,629,687$9,654,088$18,113,201
92$23,529,621$12,129,921$9,907,879$19,579,358
93$25,857,829$12,652,473$10,167,979$21,180,211
94$28,421,251$13,198,368$10,434,531$22,928,889
95$31,243,809$13,768,679$10,707,678$24,839,833
96$34,351,861$14,364,527$10,987,569$26,928,929
97$37,774,452$14,987,090$11,274,353$29,213,658
98$41,543,586$15,637,597$11,568,184$31,713,251
99$45,694,530$16,317,338$11,869,216$34,448,869
100$50,266,146$17,027,661$12,177,609$37,443,801