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

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$578,053$572,904$567,881$562,978$558,190$540,106
2 years$286,165$280,836$275,670$270,662$265,805$247,755
3 years$188,882$183,529$178,377$173,416$168,637$151,188
4 years$140,249$134,913$129,813$124,936$120,274$103,559
5 years$111,078$105,774$100,740$95,963$91,430$75,495
6 years$91,636$86,372$81,413$76,743$72,346$57,203
7 years$77,755$72,535$67,655$63,094$58,836$44,484
8 years$67,349$62,176$57,376$52,928$48,810$35,239
9 years$59,259$54,135$49,418$45,083$41,105$28,299
10 years$52,792$47,718$43,084$38,862$35,024$22,962
11 years$47,503$42,480$37,930$33,822$30,122$18,783
12 years$43,099$38,128$33,662$29,666$26,103$15,462
13 years$39,376$34,457$30,075$26,191$22,762$12,793
14 years$36,187$31,320$27,023$23,249$19,953$10,628
15 years$33,426$28,611$24,398$20,734$17,568$8,859
16 years$31,013$26,250$22,120$18,565$15,527$7,405
17 years$28,885$24,176$20,128$16,681$13,767$6,203
18 years$26,996$22,339$18,375$15,033$12,241$5,206
19 years$25,308$20,704$16,821$13,583$10,911$4,376
20 years$23,791$19,239$15,438$12,302$9,746$3,684
21 years$22,420$17,921$14,200$11,165$8,721$3,104
22 years$21,175$16,728$13,087$10,152$7,817$2,617
23 years$20,040$15,645$12,084$9,245$7,017$2,209
24 years$19,001$14,659$11,175$8,432$6,307$1,866
25 years$18,047$13,757$10,351$7,701$5,676$1,576
26 years$17,168$12,929$9,600$7,041$5,112$1,333
27 years$16,355$12,168$8,914$6,445$4,609$1,127
28 years$15,601$11,466$8,287$5,905$4,159$953
29 years$14,901$10,816$7,712$5,415$3,756$807
30 years$14,249$10,215$7,183$4,970$3,393$683
31 years$13,640$9,657$6,697$4,564$3,068$578
32 years$13,070$9,137$6,248$4,195$2,775$489
33 years$12,536$8,653$5,834$3,857$2,512$414
34 years$12,034$8,201$5,451$3,549$2,274$351
35 years$11,562$7,779$5,096$3,267$2,060$297
36 years$11,118$7,383$4,767$3,009$1,866$252
37 years$10,698$7,012$4,462$2,772$1,691$213
38 years$10,301$6,664$4,179$2,555$1,533$181
39 years$9,926$6,337$3,915$2,356$1,390$153
40 years$9,570$6,029$3,669$2,173$1,261$130
41 years$9,233$5,739$3,441$2,005$1,144$110
42 years$8,912$5,466$3,228$1,850$1,038$93
43 years$8,607$5,208$3,029$1,708$942$79
44 years$8,317$4,964$2,843$1,577$855$67
45 years$8,041$4,734$2,669$1,457$776$57
46 years$7,777$4,516$2,507$1,345$705$48
47 years$7,525$4,309$2,355$1,243$640$41
48 years$7,285$4,114$2,213$1,149$581$34
49 years$7,055$3,928$2,080$1,062$528$29
50 years$6,834$3,753$1,956$981$480$25

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 $5,422 every year, while hoping to spend $38,579 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: 65/27/8 Blend
79$7,000,000$7,000,000$7,000,000$7,000,000
80$7,719,593$7,348,593$7,240,093$8,209,037
81$8,465,944$7,667,626$7,441,588$8,854,502
82$9,287,129$8,000,999$7,648,541$9,554,356
83$10,190,742$8,349,373$7,861,092$10,317,967
84$11,185,147$8,713,443$8,079,389$11,151,537
85$12,279,563$9,093,932$8,303,579$12,061,885
86$13,484,145$9,491,601$8,533,816$13,056,516
87$14,810,085$9,907,247$8,770,255$14,143,683
88$16,269,713$10,341,702$9,013,058$15,332,468
89$17,876,617$10,795,838$9,262,389$16,632,865
90$19,645,768$11,270,570$9,518,415$18,055,870
91$21,593,662$11,766,854$9,781,308$19,613,587
92$23,738,479$12,285,694$10,051,246$21,319,333
93$26,100,249$12,828,137$10,328,407$23,187,771
94$28,701,043$13,395,285$10,612,977$25,235,035
95$31,565,183$13,988,288$10,905,146$27,478,890
96$34,719,470$14,608,351$11,205,106$29,938,891
97$38,193,434$15,256,739$11,513,056$32,636,565
98$42,019,619$15,934,774$11,829,198$35,595,615
99$46,233,885$16,643,842$12,153,740$38,842,136
100$50,875,746$17,385,395$12,486,895$42,404,862