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%15.7%
1 years$611,085$605,642$600,331$595,148$590,086$576,289
2 years$302,517$296,883$291,423$286,129$280,994$267,172
3 years$199,675$194,016$188,570$183,325$178,274$164,859
4 years$148,264$142,623$137,231$132,076$127,146$114,242
5 years$117,425$111,818$106,497$101,447$96,655$84,297
6 years$96,873$91,308$86,065$81,128$76,480$64,681
7 years$82,198$76,680$71,520$66,700$62,198$50,960
8 years$71,197$65,729$60,655$55,953$51,600$40,918
9 years$62,646$57,229$52,242$47,659$43,454$33,321
10 years$55,808$50,444$45,546$41,083$37,025$27,428
11 years$50,218$44,908$40,098$35,754$31,843$22,770
12 years$45,562$40,307$35,586$31,361$27,594$19,030
13 years$41,626$36,426$31,794$27,687$24,063$15,992
14 years$38,255$33,110$28,567$24,578$21,093$13,498
15 years$35,336$30,246$25,792$21,919$18,572$11,435
16 years$32,785$27,751$23,384$19,626$16,414$9,716
17 years$30,536$25,557$21,279$17,634$14,554$8,277
18 years$28,539$23,616$19,425$15,892$12,941$7,066
19 years$26,754$21,887$17,782$14,360$11,534$6,043
20 years$25,150$20,339$16,320$13,005$10,303$5,176
21 years$23,701$18,945$15,011$11,803$9,220$4,440
22 years$22,385$17,684$13,835$10,732$8,264$3,812
23 years$21,185$16,540$12,774$9,774$7,418$3,276
24 years$20,087$15,496$11,814$8,914$6,668$2,817
25 years$19,078$14,543$10,942$8,141$6,000$2,425
26 years$18,149$13,668$10,148$7,444$5,405$2,088
27 years$17,289$12,863$9,423$6,813$4,873$1,799
28 years$16,493$12,121$8,760$6,242$4,397$1,551
29 years$15,753$11,434$8,152$5,724$3,970$1,337
30 years$15,063$10,799$7,594$5,254$3,587$1,154
31 years$14,419$10,208$7,079$4,825$3,243$995
32 years$13,817$9,659$6,605$4,434$2,934$859
33 years$13,252$9,147$6,167$4,078$2,655$741
34 years$12,722$8,670$5,762$3,752$2,404$640
35 years$12,223$8,223$5,387$3,454$2,177$553
36 years$11,753$7,805$5,040$3,181$1,973$477
37 years$11,309$7,413$4,717$2,931$1,788$412
38 years$10,890$7,045$4,417$2,701$1,621$356
39 years$10,493$6,699$4,139$2,491$1,470$308
40 years$10,117$6,373$3,879$2,297$1,333$266
41 years$9,760$6,067$3,637$2,120$1,210$230
42 years$9,421$5,778$3,412$1,956$1,098$198
43 years$9,099$5,505$3,202$1,806$996$171
44 years$8,792$5,248$3,005$1,667$904$148
45 years$8,500$5,004$2,822$1,540$821$128
46 years$8,221$4,774$2,650$1,422$745$111
47 years$7,955$4,556$2,490$1,314$677$96
48 years$7,701$4,349$2,340$1,214$615$83
49 years$7,458$4,153$2,199$1,122$558$71
50 years$7,225$3,967$2,068$1,037$507$62

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 $5,236 every year, while hoping to spend $42,276 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: 46/42/12 Blend
79$7,400,000$7,400,000$7,400,000$7,400,000
80$8,160,201$7,768,001$7,653,301$8,507,771
81$8,947,560$8,103,652$7,864,705$9,084,602
82$9,813,813$8,454,332$8,081,775$9,705,248
83$10,766,962$8,820,735$8,304,654$10,377,594
84$11,815,825$9,203,583$8,533,493$11,106,447
85$12,970,117$9,603,637$8,768,442$11,897,086
86$14,240,542$10,021,688$9,009,659$12,755,305
87$15,638,896$10,458,570$9,257,301$13,687,471
88$17,178,176$10,915,152$9,511,533$14,700,576
89$18,872,701$11,392,346$9,772,521$15,802,301
90$20,738,253$11,891,107$10,040,436$17,001,087
91$22,792,217$12,412,434$10,315,454$18,306,210
92$25,053,754$12,957,374$10,597,752$19,727,867
93$27,543,974$13,527,023$10,887,514$21,277,264
94$30,286,142$14,122,529$11,184,928$22,966,724
95$33,305,889$14,745,094$11,490,184$24,809,794
96$36,631,464$15,395,977$11,803,479$26,821,372
97$40,293,991$16,076,498$12,125,013$29,017,842
98$44,327,769$16,788,037$12,454,992$31,417,224
99$48,770,591$17,532,041$12,793,624$34,039,342
100$53,664,105$18,310,024$13,141,124$36,906,000