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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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.
1 years$619,343$613,826$608,444$603,190$598,061$592,802
2 years$306,605$300,895$295,361$289,995$284,791$279,492
3 years$202,373$196,638$191,118$185,803$180,683$175,508
4 years$150,267$144,550$139,085$133,860$128,865$123,853
5 years$119,012$113,329$107,936$102,818$97,961$93,128
6 years$98,182$92,542$87,228$82,224$77,513$72,864
7 years$83,309$77,716$72,487$67,601$63,039$58,577
8 years$72,160$66,617$61,475$56,709$52,297$48,021
9 years$63,492$58,002$52,948$48,303$44,041$39,951
10 years$56,562$51,126$46,161$41,638$37,526$33,617
11 years$50,896$45,515$40,640$36,237$32,273$28,545
12 years$46,178$40,851$36,067$31,785$27,967$24,415
13 years$42,189$36,918$32,223$28,062$24,388$21,008
14 years$38,772$33,557$28,953$24,910$21,378$18,166
15 years$35,814$30,655$26,140$22,215$18,823$15,774
16 years$33,228$28,126$23,700$19,891$16,636$13,745
17 years$30,948$25,903$21,566$17,872$14,751$12,013
18 years$28,925$23,935$19,687$16,106$13,116$10,526
19 years$27,116$22,183$18,023$14,554$11,690$9,243
20 years$25,490$20,613$16,540$13,181$10,442$8,133
21 years$24,021$19,201$15,214$11,963$9,344$7,167
22 years$22,687$17,923$14,022$10,877$8,376$6,325
23 years$21,471$16,763$12,947$9,906$7,519$5,589
24 years$20,358$15,706$11,974$9,035$6,758$4,944
25 years$19,336$14,739$11,090$8,251$6,081$4,378
26 years$18,394$13,852$10,285$7,544$5,478$3,880
27 years$17,523$13,037$9,551$6,905$4,939$3,441
28 years$16,716$12,284$8,879$6,327$4,456$3,054
29 years$15,966$11,589$8,262$5,802$4,024$2,712
30 years$15,267$10,945$7,696$5,325$3,636$2,409
31 years$14,614$10,346$7,175$4,890$3,287$2,141
32 years$14,004$9,790$6,694$4,494$2,973$1,904
33 years$13,431$9,271$6,251$4,133$2,691$1,694
34 years$12,894$8,787$5,840$3,803$2,436$1,507
35 years$12,388$8,334$5,460$3,500$2,207$1,341
36 years$11,912$7,910$5,108$3,224$1,999$1,194
37 years$11,462$7,513$4,781$2,970$1,812$1,063
38 years$11,037$7,140$4,477$2,738$1,643$947
39 years$10,635$6,789$4,194$2,524$1,490$844
40 years$10,254$6,460$3,931$2,328$1,351$752
41 years$9,892$6,149$3,686$2,148$1,226$670
42 years$9,549$5,856$3,458$1,983$1,112$597
43 years$9,222$5,580$3,245$1,830$1,010$532
44 years$8,911$5,319$3,046$1,690$916$474
45 years$8,615$5,072$2,860$1,561$832$423
46 years$8,332$4,838$2,686$1,442$755$377
47 years$8,063$4,617$2,524$1,332$686$336
48 years$7,805$4,408$2,372$1,231$623$300
49 years$7,558$4,209$2,229$1,137$566$267
50 years$7,323$4,021$2,096$1,051$514$238

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 $5,336 every year, while hoping to spend $32,392 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: 57/21/22 Blend