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%15.1%
1 years$586,311$581,089$575,993$571,020$566,164$554,280
2 years$290,253$284,847$279,608$274,529$269,602$257,685
3 years$191,580$186,151$180,925$175,893$171,047$159,468
4 years$142,253$136,841$131,667$126,721$121,992$110,842
5 years$112,665$107,285$102,179$97,334$92,736$82,046
6 years$92,945$87,606$82,576$77,839$73,379$63,160
7 years$78,866$73,571$68,621$63,996$59,677$49,931
8 years$68,311$63,064$58,196$53,684$49,508$40,231
9 years$60,106$54,909$50,124$45,727$41,693$32,880
10 years$53,546$48,399$43,699$39,417$35,524$27,166
11 years$48,182$43,087$38,472$34,305$30,552$22,638
12 years$43,715$38,673$34,143$30,090$26,476$18,994
13 years$39,939$34,949$30,505$26,565$23,087$16,025
14 years$36,704$31,768$27,409$23,581$20,238$13,582
15 years$33,904$29,020$24,746$21,030$17,819$11,554
16 years$31,456$26,625$22,436$18,830$15,749$9,860
17 years$29,298$24,521$20,416$16,919$13,964$8,436
18 years$27,382$22,659$18,637$15,247$12,416$7,234
19 years$25,670$21,000$17,061$13,777$11,067$6,214
20 years$24,131$19,514$15,658$12,478$9,885$5,347
21 years$22,740$18,177$14,402$11,325$8,846$4,607
22 years$21,477$16,967$13,274$10,297$7,929$3,974
23 years$20,326$15,869$12,256$9,377$7,118$3,431
24 years$19,273$14,868$11,335$8,553$6,398$2,965
25 years$18,305$13,953$10,498$7,811$5,757$2,564
26 years$17,413$13,114$9,737$7,142$5,186$2,219
27 years$16,589$12,341$9,041$6,537$4,675$1,921
28 years$15,824$11,629$8,405$5,989$4,218$1,664
29 years$15,114$10,971$7,822$5,492$3,809$1,442
30 years$14,453$10,361$7,286$5,041$3,442$1,250
31 years$13,835$9,794$6,792$4,629$3,112$1,084
32 years$13,257$9,268$6,337$4,255$2,815$940
33 years$12,715$8,777$5,917$3,912$2,547$816
34 years$12,206$8,318$5,529$3,600$2,306$708
35 years$11,728$7,890$5,169$3,314$2,089$614
36 years$11,276$7,488$4,835$3,052$1,893$533
37 years$10,851$7,112$4,526$2,812$1,715$463
38 years$10,448$6,759$4,238$2,592$1,555$402
39 years$10,068$6,427$3,971$2,390$1,410$349
40 years$9,707$6,115$3,722$2,204$1,279$303
41 years$9,364$5,821$3,490$2,034$1,161$263
42 years$9,039$5,544$3,274$1,877$1,053$228
43 years$8,730$5,282$3,072$1,733$956$198
44 years$8,436$5,035$2,883$1,600$867$172
45 years$8,155$4,801$2,707$1,477$788$150
46 years$7,888$4,580$2,543$1,365$715$130
47 years$7,633$4,371$2,389$1,261$649$113
48 years$7,389$4,173$2,245$1,165$590$98
49 years$7,155$3,985$2,110$1,077$536$85
50 years$6,932$3,806$1,984$995$486$74

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 $3,886 every year, while hoping to spend $31,785 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: 49/42/9 Blend
79$7,100,000$7,100,000$7,100,000$7,100,000
80$7,828,208$7,451,908$7,341,858$8,192,846
81$8,592,867$7,783,233$7,553,992$8,774,236
82$9,434,455$8,129,727$7,772,166$9,401,707
83$10,360,786$8,492,101$7,996,551$10,082,513
84$11,380,470$8,871,097$8,227,318$10,821,649
85$12,502,992$9,267,495$8,464,648$11,624,594
86$13,738,805$9,682,110$8,708,722$12,497,371
87$15,099,427$10,115,798$8,959,728$13,446,593
88$16,597,550$10,569,453$9,217,860$14,479,525
89$18,247,158$11,044,014$9,483,316$15,604,151
90$20,063,660$11,540,462$9,756,299$16,829,243
91$22,064,037$12,059,829$10,037,019$18,164,444
92$24,267,000$12,603,192$10,325,690$19,620,353
93$26,693,167$13,171,681$10,622,534$21,208,620
94$29,365,257$13,766,480$10,927,776$22,942,058
95$32,308,306$14,388,831$11,241,649$24,834,753
96$35,549,901$15,040,032$11,564,392$26,902,197
97$39,120,443$15,721,446$11,896,252$29,161,428
98$43,053,431$16,434,499$12,237,478$31,631,188
99$47,385,778$17,180,686$12,588,331$34,332,091
100$52,158,163$17,961,576$12,949,076$37,286,820