Can I retire at age 80 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$611,085$605,642$600,331$595,148$590,086$573,035
2 years$302,517$296,883$291,423$286,129$280,994$263,950
3 years$199,675$194,016$188,570$183,325$178,274$161,772
4 years$148,264$142,623$137,231$132,076$127,146$111,313
5 years$117,425$111,818$106,497$101,447$96,655$81,533
6 years$96,873$91,308$86,065$81,128$76,480$62,083
7 years$82,198$76,680$71,520$66,700$62,198$48,528
8 years$71,197$65,729$60,655$55,953$51,600$38,646
9 years$62,646$57,229$52,242$47,659$43,454$31,206
10 years$55,808$50,444$45,546$41,083$37,025$25,464
11 years$50,218$44,908$40,098$35,754$31,843$20,951
12 years$45,562$40,307$35,586$31,361$27,594$17,350
13 years$41,626$36,426$31,794$27,687$24,063$14,443
14 years$38,255$33,110$28,567$24,578$21,093$12,074
15 years$35,336$30,246$25,792$21,919$18,572$10,128
16 years$32,785$27,751$23,384$19,626$16,414$8,521
17 years$30,536$25,557$21,279$17,634$14,554$7,185
18 years$28,539$23,616$19,425$15,892$12,941$6,071
19 years$26,754$21,887$17,782$14,360$11,534$5,138
20 years$25,150$20,339$16,320$13,005$10,303$4,354
21 years$23,701$18,945$15,011$11,803$9,220$3,694
22 years$22,385$17,684$13,835$10,732$8,264$3,138
23 years$21,185$16,540$12,774$9,774$7,418$2,667
24 years$20,087$15,496$11,814$8,914$6,668$2,269
25 years$19,078$14,543$10,942$8,141$6,000$1,931
26 years$18,149$13,668$10,148$7,444$5,405$1,644
27 years$17,289$12,863$9,423$6,813$4,873$1,401
28 years$16,493$12,121$8,760$6,242$4,397$1,194
29 years$15,753$11,434$8,152$5,724$3,970$1,017
30 years$15,063$10,799$7,594$5,254$3,587$868
31 years$14,419$10,208$7,079$4,825$3,243$740
32 years$13,817$9,659$6,605$4,434$2,934$631
33 years$13,252$9,147$6,167$4,078$2,655$538
34 years$12,722$8,670$5,762$3,752$2,404$459
35 years$12,223$8,223$5,387$3,454$2,177$392
36 years$11,753$7,805$5,040$3,181$1,973$335
37 years$11,309$7,413$4,717$2,931$1,788$286
38 years$10,890$7,045$4,417$2,701$1,621$244
39 years$10,493$6,699$4,139$2,491$1,470$208
40 years$10,117$6,373$3,879$2,297$1,333$178
41 years$9,760$6,067$3,637$2,120$1,210$152
42 years$9,421$5,778$3,412$1,956$1,098$130
43 years$9,099$5,505$3,202$1,806$996$111
44 years$8,792$5,248$3,005$1,667$904$94
45 years$8,500$5,004$2,822$1,540$821$81
46 years$8,221$4,774$2,650$1,422$745$69
47 years$7,955$4,556$2,490$1,314$677$59
48 years$7,701$4,349$2,340$1,214$615$50
49 years$7,458$4,153$2,199$1,122$558$43
50 years$7,225$3,967$2,068$1,037$507$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,400,000, adding $2,580 every year, while hoping to spend $50,257 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: 88/5/7 Blend
79$7,400,000$7,400,000$7,400,000$7,400,000
80$8,157,461$7,765,261$7,650,561$8,871,296
81$8,936,049$8,092,286$7,853,382$9,663,473
82$9,792,369$8,433,651$8,061,313$10,527,004
83$10,734,296$8,790,005$8,274,472$11,474,723
84$11,770,507$9,162,028$8,492,980$12,515,089
85$12,910,562$9,550,431$8,716,959$13,657,420
86$14,164,997$9,955,960$8,946,534$14,911,979
87$15,545,417$10,379,392$9,181,833$16,290,073
88$17,064,611$10,821,544$9,422,986$17,804,156
89$18,736,671$11,283,268$9,670,125$19,467,946
90$20,577,121$11,765,458$9,923,384$21,296,558
91$22,603,070$12,269,049$10,182,901$23,306,642
92$24,833,370$12,795,019$10,448,815$25,516,539
93$27,288,791$13,344,392$10,721,267$27,946,457
94$29,992,221$13,918,240$11,000,403$30,618,659
95$32,968,880$14,517,687$11,286,369$33,557,671
96$36,246,558$15,143,905$11,579,314$36,790,516
97$39,855,877$15,798,127$11,879,391$40,346,966
98$43,830,579$16,481,638$12,186,754$44,259,822
99$48,207,848$17,195,788$12,501,560$48,565,224
100$53,028,655$17,941,988$12,823,968$53,302,990