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%14.4%
1 years$578,053$572,904$567,881$562,978$558,190$548,041
2 years$286,165$280,836$275,670$270,662$265,805$255,616
3 years$188,882$183,529$178,377$173,416$168,637$158,727
4 years$140,249$134,913$129,813$124,936$120,274$110,717
5 years$111,078$105,774$100,740$95,963$91,430$82,255
6 years$91,636$86,372$81,413$76,743$72,346$63,562
7 years$77,755$72,535$67,655$63,094$58,836$50,447
8 years$67,349$62,176$57,376$52,928$48,810$40,813
9 years$59,259$54,135$49,418$45,083$41,105$33,495
10 years$52,792$47,718$43,084$38,862$35,024$27,794
11 years$47,503$42,480$37,930$33,822$30,122$23,264
12 years$43,099$38,128$33,662$29,666$26,103$19,608
13 years$39,376$34,457$30,075$26,191$22,762$16,620
14 years$36,187$31,320$27,023$23,249$19,953$14,153
15 years$33,426$28,611$24,398$20,734$17,568$12,098
16 years$31,013$26,250$22,120$18,565$15,527$10,375
17 years$28,885$24,176$20,128$16,681$13,767$8,922
18 years$26,996$22,339$18,375$15,033$12,241$7,689
19 years$25,308$20,704$16,821$13,583$10,911$6,640
20 years$23,791$19,239$15,438$12,302$9,746$5,743
21 years$22,420$17,921$14,200$11,165$8,721$4,975
22 years$21,175$16,728$13,087$10,152$7,817$4,314
23 years$20,040$15,645$12,084$9,245$7,017$3,746
24 years$19,001$14,659$11,175$8,432$6,307$3,255
25 years$18,047$13,757$10,351$7,701$5,676$2,830
26 years$17,168$12,929$9,600$7,041$5,112$2,463
27 years$16,355$12,168$8,914$6,445$4,609$2,144
28 years$15,601$11,466$8,287$5,905$4,159$1,868
29 years$14,901$10,816$7,712$5,415$3,756$1,628
30 years$14,249$10,215$7,183$4,970$3,393$1,420
31 years$13,640$9,657$6,697$4,564$3,068$1,238
32 years$13,070$9,137$6,248$4,195$2,775$1,080
33 years$12,536$8,653$5,834$3,857$2,512$942
34 years$12,034$8,201$5,451$3,549$2,274$823
35 years$11,562$7,779$5,096$3,267$2,060$718
36 years$11,118$7,383$4,767$3,009$1,866$627
37 years$10,698$7,012$4,462$2,772$1,691$548
38 years$10,301$6,664$4,179$2,555$1,533$478
39 years$9,926$6,337$3,915$2,356$1,390$418
40 years$9,570$6,029$3,669$2,173$1,261$365
41 years$9,233$5,739$3,441$2,005$1,144$319
42 years$8,912$5,466$3,228$1,850$1,038$278
43 years$8,607$5,208$3,029$1,708$942$243
44 years$8,317$4,964$2,843$1,577$855$213
45 years$8,041$4,734$2,669$1,457$776$186
46 years$7,777$4,516$2,507$1,345$705$162
47 years$7,525$4,309$2,355$1,243$640$142
48 years$7,285$4,114$2,213$1,149$581$124
49 years$7,055$3,928$2,080$1,062$528$108
50 years$6,834$3,753$1,956$981$480$95

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 $2,073 every year, while hoping to spend $37,746 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: 59/15/26 Blend
79$7,000,000$7,000,000$7,000,000$7,000,000
80$7,716,138$7,345,138$7,236,638$8,117,030
81$8,463,023$7,664,889$7,438,904$8,710,528
82$9,284,825$7,999,042$7,646,681$9,353,355
83$10,189,145$8,348,263$7,860,113$10,053,727
84$11,184,361$8,713,251$8,079,350$10,817,240
85$12,279,700$9,094,734$8,304,542$11,650,051
86$13,485,331$9,493,478$8,535,846$12,558,934
87$14,812,459$9,910,283$8,773,421$13,551,342
88$16,273,431$10,345,987$9,017,432$14,635,479
89$17,881,850$10,801,470$9,268,045$15,820,373
90$19,652,706$11,277,649$9,525,432$17,115,961
91$21,602,517$11,775,489$9,789,769$18,533,182
92$23,749,484$12,295,998$10,061,236$20,084,076
93$26,113,662$12,840,233$10,340,018$21,781,900
94$28,717,150$13,409,299$10,626,304$23,641,247
95$31,584,302$14,004,357$10,920,287$25,678,184
96$34,741,949$14,626,619$11,222,165$27,910,403
97$38,219,663$15,277,358$11,532,142$30,357,384
98$42,050,025$15,957,905$11,850,426$33,040,577
99$46,268,940$16,669,656$12,177,228$35,983,604
100$50,915,975$17,414,071$12,512,768$39,212,478