Can I retire at age 80 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$619,343$613,826$608,444$603,190$598,061$579,845
2 years$306,605$300,895$295,361$289,995$284,791$266,596
3 years$202,373$196,638$191,118$185,803$180,683$163,078
4 years$150,267$144,550$139,085$133,860$128,865$111,986
5 years$119,012$113,329$107,936$102,818$97,961$81,853
6 years$98,182$92,542$87,228$82,224$77,513$62,191
7 years$83,309$77,716$72,487$67,601$63,039$48,501
8 years$72,160$66,617$61,475$56,709$52,297$38,534
9 years$63,492$58,002$52,948$48,303$44,041$31,040
10 years$56,562$51,126$46,161$41,638$37,526$25,266
11 years$50,896$45,515$40,640$36,237$32,273$20,734
12 years$46,178$40,851$36,067$31,785$27,967$17,125
13 years$42,189$36,918$32,223$28,062$24,388$14,217
14 years$38,772$33,557$28,953$24,910$21,378$11,852
15 years$35,814$30,655$26,140$22,215$18,823$9,914
16 years$33,228$28,126$23,700$19,891$16,636$8,317
17 years$30,948$25,903$21,566$17,872$14,751$6,993
18 years$28,925$23,935$19,687$16,106$13,116$5,891
19 years$27,116$22,183$18,023$14,554$11,690$4,970
20 years$25,490$20,613$16,540$13,181$10,442$4,200
21 years$24,021$19,201$15,214$11,963$9,344$3,552
22 years$22,687$17,923$14,022$10,877$8,376$3,007
23 years$21,471$16,763$12,947$9,906$7,519$2,548
24 years$20,358$15,706$11,974$9,035$6,758$2,161
25 years$19,336$14,739$11,090$8,251$6,081$1,833
26 years$18,394$13,852$10,285$7,544$5,478$1,556
27 years$17,523$13,037$9,551$6,905$4,939$1,321
28 years$16,716$12,284$8,879$6,327$4,456$1,122
29 years$15,966$11,589$8,262$5,802$4,024$953
30 years$15,267$10,945$7,696$5,325$3,636$810
31 years$14,614$10,346$7,175$4,890$3,287$689
32 years$14,004$9,790$6,694$4,494$2,973$586
33 years$13,431$9,271$6,251$4,133$2,691$498
34 years$12,894$8,787$5,840$3,803$2,436$424
35 years$12,388$8,334$5,460$3,500$2,207$360
36 years$11,912$7,910$5,108$3,224$1,999$306
37 years$11,462$7,513$4,781$2,970$1,812$261
38 years$11,037$7,140$4,477$2,738$1,643$222
39 years$10,635$6,789$4,194$2,524$1,490$189
40 years$10,254$6,460$3,931$2,328$1,351$161
41 years$9,892$6,149$3,686$2,148$1,226$137
42 years$9,549$5,856$3,458$1,983$1,112$116
43 years$9,222$5,580$3,245$1,830$1,010$99
44 years$8,911$5,319$3,046$1,690$916$84
45 years$8,615$5,072$2,860$1,561$832$72
46 years$8,332$4,838$2,686$1,442$755$61
47 years$8,063$4,617$2,524$1,332$686$52
48 years$7,805$4,408$2,372$1,231$623$44
49 years$7,558$4,209$2,229$1,137$566$38
50 years$7,323$4,021$2,096$1,051$514$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,500,000, adding $2,507 every year, while hoping to spend $29,989 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: 84/5/11 Blend
79$7,500,000$7,500,000$7,500,000$7,500,000
80$8,267,586$7,870,086$7,753,836$8,947,182
81$9,078,972$8,223,812$7,981,681$9,745,889
82$9,972,114$8,593,866$8,216,155$10,618,810
83$10,955,319$8,981,015$8,457,446$11,576,776
84$12,037,742$9,386,066$8,705,751$12,628,325
85$13,229,470$9,809,860$8,961,271$13,782,861
86$14,541,615$10,253,283$9,224,213$15,050,743
87$15,986,426$10,717,260$9,494,790$16,443,379
88$17,577,397$11,202,761$9,773,221$17,973,338
89$19,329,398$11,710,803$10,059,731$19,654,464
90$21,258,815$12,242,451$10,354,550$21,502,006
91$23,383,704$12,798,820$10,657,917$23,532,765
92$25,723,960$13,381,082$10,970,076$25,765,247
93$28,301,510$13,990,460$11,291,279$28,219,841
94$31,140,511$14,628,239$11,621,784$30,919,006
95$34,267,585$15,295,766$11,961,857$33,887,488
96$37,712,070$15,994,450$12,311,770$37,152,547
97$41,506,292$16,725,768$12,671,805$40,744,217
98$45,685,874$17,491,271$13,042,250$44,695,589
99$50,290,070$18,292,580$13,423,403$49,043,117
100$55,362,138$19,131,397$13,815,567$53,826,969