Can I retire at age 80 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$602,827$597,458$592,219$587,105$582,112$574,838
2 years$298,429$292,871$287,485$282,262$277,196$269,877
3 years$196,977$191,395$186,022$180,848$175,865$168,728
4 years$146,260$140,695$135,376$130,291$125,428$118,528
5 years$115,838$110,307$105,057$100,076$95,349$88,706
6 years$95,564$90,074$84,902$80,031$75,446$69,069
7 years$81,087$75,644$70,554$65,798$61,358$55,248
8 years$70,235$64,841$59,835$55,197$50,902$45,060
9 years$61,799$56,456$51,536$47,015$42,867$37,289
10 years$55,054$49,763$44,930$40,528$36,525$31,208
11 years$49,539$44,301$39,556$35,271$31,413$26,351
12 years$44,947$39,762$35,105$30,938$27,221$22,411
13 years$41,064$35,933$31,364$27,313$23,738$19,171
14 years$37,738$32,662$28,181$24,246$20,808$16,479
15 years$34,859$29,838$25,443$21,623$18,321$14,223
16 years$32,342$27,376$23,068$19,361$16,192$12,317
17 years$30,123$25,212$20,991$17,396$14,357$10,697
18 years$28,153$23,297$19,162$15,677$12,766$9,313
19 years$26,393$21,591$17,542$14,165$11,378$8,125
20 years$24,810$20,064$16,099$12,830$10,163$7,101
21 years$23,381$18,689$14,808$11,644$9,095$6,216
22 years$22,082$17,445$13,648$10,587$8,153$5,449
23 years$20,899$16,316$12,602$9,642$7,318$4,782
24 years$19,816$15,287$11,654$8,794$6,578$4,201
25 years$18,821$14,346$10,794$8,031$5,919$3,694
26 years$17,904$13,483$10,011$7,343$5,332$3,250
27 years$17,056$12,689$9,296$6,721$4,807$2,862
28 years$16,270$11,957$8,642$6,158$4,337$2,522
29 years$15,540$11,280$8,042$5,647$3,916$2,223
30 years$14,860$10,653$7,491$5,183$3,539$1,961
31 years$14,225$10,070$6,984$4,760$3,199$1,730
32 years$13,630$9,529$6,516$4,374$2,894$1,527
33 years$13,073$9,024$6,084$4,023$2,619$1,348
34 years$12,550$8,552$5,684$3,701$2,371$1,190
35 years$12,058$8,112$5,314$3,407$2,148$1,052
36 years$11,594$7,699$4,972$3,138$1,946$929
37 years$11,156$7,313$4,653$2,891$1,764$821
38 years$10,743$6,950$4,358$2,665$1,599$726
39 years$10,351$6,608$4,083$2,457$1,450$641
40 years$9,980$6,287$3,827$2,266$1,315$567
41 years$9,628$5,985$3,588$2,091$1,193$501
42 years$9,294$5,700$3,366$1,930$1,083$443
43 years$8,976$5,431$3,158$1,781$983$392
44 years$8,673$5,177$2,965$1,645$892$347
45 years$8,385$4,936$2,784$1,519$810$307
46 years$8,110$4,709$2,615$1,403$735$271
47 years$7,848$4,494$2,456$1,296$668$240
48 years$7,597$4,290$2,308$1,198$606$212
49 years$7,357$4,097$2,170$1,107$551$188
50 years$7,127$3,913$2,040$1,023$500$166

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,300,000, adding $5,405 every year, while hoping to spend $48,985 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: 67/11/22 Blend
79$7,300,000$7,300,000$7,300,000$7,300,000
80$8,050,175$7,663,275$7,550,125$8,544,252
81$8,819,173$7,986,656$7,750,935$9,199,686
82$9,664,968$8,324,241$7,956,830$9,910,071
83$10,595,340$8,676,674$8,167,929$10,685,804
84$11,618,862$9,044,629$8,384,352$11,533,320
85$12,744,983$9,428,812$8,606,225$12,459,704
86$13,984,109$9,829,962$8,833,671$13,472,754
87$15,347,709$10,248,851$9,066,820$14,581,056
88$16,848,418$10,686,287$9,305,801$15,794,063
89$18,500,160$11,143,119$9,550,749$17,122,183
90$20,318,275$11,620,231$9,801,798$18,576,876
91$22,319,668$12,118,551$10,059,087$20,170,762
92$24,522,964$12,639,050$10,322,756$21,917,736
93$26,948,687$13,182,744$10,592,949$23,833,102
94$29,619,452$13,750,697$10,869,812$25,933,714
95$32,560,178$14,344,023$11,153,492$28,238,133
96$35,798,323$14,963,887$11,444,142$30,766,802
97$39,364,145$15,611,511$11,741,913$33,542,237
98$43,290,985$16,288,171$12,046,964$36,589,237
99$47,615,580$16,995,206$12,359,452$39,935,120
100$52,378,415$17,734,017$12,679,539$43,609,973