Can I retire at age 80 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$586,311$581,089$575,993$571,020$566,164$563,305
2 years$290,253$284,847$279,608$274,529$269,602$266,716
3 years$191,580$186,151$180,925$175,893$171,047$168,224
4 years$142,253$136,841$131,667$126,721$121,992$119,254
5 years$112,665$107,285$102,179$97,334$92,736$90,091
6 years$92,945$87,606$82,576$77,839$73,379$70,830
7 years$78,866$73,571$68,621$63,996$59,677$57,225
8 years$68,311$63,064$58,196$53,684$49,508$47,154
9 years$60,106$54,909$50,124$45,727$41,693$39,436
10 years$53,546$48,399$43,699$39,417$35,524$33,363
11 years$48,182$43,087$38,472$34,305$30,552$28,486
12 years$43,715$38,673$34,143$30,090$26,476$24,502
13 years$39,939$34,949$30,505$26,565$23,087$21,205
14 years$36,704$31,768$27,409$23,581$20,238$18,445
15 years$33,904$29,020$24,746$21,030$17,819$16,113
16 years$31,456$26,625$22,436$18,830$15,749$14,126
17 years$29,298$24,521$20,416$16,919$13,964$12,423
18 years$27,382$22,659$18,637$15,247$12,416$10,955
19 years$25,670$21,000$17,061$13,777$11,067$9,682
20 years$24,131$19,514$15,658$12,478$9,885$8,575
21 years$22,740$18,177$14,402$11,325$8,846$7,607
22 years$21,477$16,967$13,274$10,297$7,929$6,759
23 years$20,326$15,869$12,256$9,377$7,118$6,013
24 years$19,273$14,868$11,335$8,553$6,398$5,356
25 years$18,305$13,953$10,498$7,811$5,757$4,776
26 years$17,413$13,114$9,737$7,142$5,186$4,262
27 years$16,589$12,341$9,041$6,537$4,675$3,807
28 years$15,824$11,629$8,405$5,989$4,218$3,403
29 years$15,114$10,971$7,822$5,492$3,809$3,044
30 years$14,453$10,361$7,286$5,041$3,442$2,724
31 years$13,835$9,794$6,792$4,629$3,112$2,439
32 years$13,257$9,268$6,337$4,255$2,815$2,185
33 years$12,715$8,777$5,917$3,912$2,547$1,958
34 years$12,206$8,318$5,529$3,600$2,306$1,755
35 years$11,728$7,890$5,169$3,314$2,089$1,574
36 years$11,276$7,488$4,835$3,052$1,893$1,412
37 years$10,851$7,112$4,526$2,812$1,715$1,267
38 years$10,448$6,759$4,238$2,592$1,555$1,137
39 years$10,068$6,427$3,971$2,390$1,410$1,021
40 years$9,707$6,115$3,722$2,204$1,279$916
41 years$9,364$5,821$3,490$2,034$1,161$823
42 years$9,039$5,544$3,274$1,877$1,053$739
43 years$8,730$5,282$3,072$1,733$956$664
44 years$8,436$5,035$2,883$1,600$867$596
45 years$8,155$4,801$2,707$1,477$788$536
46 years$7,888$4,580$2,543$1,365$715$481
47 years$7,633$4,371$2,389$1,261$649$433
48 years$7,389$4,173$2,245$1,165$590$389
49 years$7,155$3,985$2,110$1,077$536$349
50 years$6,932$3,806$1,984$995$486$314

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,100,000, adding $4,545 every year, while hoping to spend $22,207 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: 39/40/21 Blend
79$7,100,000$7,100,000$7,100,000$7,100,000
80$7,828,888$7,452,588$7,342,538$8,085,082
81$8,603,807$7,794,137$7,564,885$8,611,578
82$9,457,023$8,151,677$7,793,936$9,178,059
83$10,396,499$8,525,969$8,029,893$9,790,142
84$11,431,010$8,917,810$8,272,963$10,451,977
85$12,570,224$9,328,034$8,523,358$11,168,117
86$13,824,795$9,757,516$8,781,299$11,943,556
87$15,206,464$10,207,174$9,047,012$12,783,772
88$16,728,166$10,677,968$9,320,730$13,694,781
89$18,404,157$11,170,907$9,602,692$14,683,183
90$20,250,145$11,687,045$9,893,147$15,756,225
91$22,283,441$12,227,491$10,192,348$16,921,868
92$24,523,117$12,793,403$10,500,557$18,188,853
93$26,990,193$13,385,999$10,818,044$19,566,781
94$29,707,832$14,006,551$11,145,087$21,066,203
95$32,701,555$14,656,397$11,481,972$22,698,711
96$35,999,490$15,336,936$11,828,994$24,477,044
97$39,632,629$16,049,637$12,186,456$26,415,204
98$43,635,125$16,796,037$12,554,671$28,528,583
99$48,044,615$17,577,750$12,933,959$30,834,103
100$52,902,572$18,396,467$13,324,653$33,350,370