Can I retire at age 80 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$635,859$630,195$624,669$619,275$614,009$594,830
2 years$314,782$308,919$303,237$297,729$292,385$273,234
3 years$207,770$201,882$196,215$190,758$185,501$166,978
4 years$154,274$148,405$142,794$137,430$132,301$114,548
5 years$122,186$116,351$110,814$105,559$100,573$83,638
6 years$100,800$95,009$89,554$84,417$79,580$63,477
7 years$85,531$79,789$74,420$69,404$64,720$49,448
8 years$74,084$68,394$63,114$58,221$53,691$39,240
9 years$65,185$59,549$54,360$49,591$45,216$31,570
10 years$58,071$52,490$47,392$42,748$38,526$25,665
11 years$52,254$46,728$41,723$37,204$33,134$21,034
12 years$47,409$41,941$37,029$32,633$28,713$17,350
13 years$43,314$37,902$33,083$28,810$25,038$14,384
14 years$39,806$34,452$29,725$25,574$21,948$11,975
15 years$36,769$31,473$26,838$22,808$19,325$10,003
16 years$34,114$28,876$24,332$20,422$17,080$8,379
17 years$31,774$26,593$22,141$18,349$15,144$7,035
18 years$29,696$24,573$20,212$16,536$13,465$5,917
19 years$27,839$22,774$18,503$14,942$12,002$4,985
20 years$26,170$21,163$16,981$13,533$10,720$4,206
21 years$24,662$19,713$15,620$12,282$9,594$3,552
22 years$23,292$18,401$14,396$11,167$8,599$3,003
23 years$22,044$17,210$13,292$10,170$7,719$2,540
24 years$20,901$16,125$12,293$9,275$6,938$2,150
25 years$19,852$15,132$11,386$8,471$6,243$1,821
26 years$18,885$14,222$10,560$7,745$5,624$1,543
27 years$17,990$13,384$9,806$7,090$5,070$1,308
28 years$17,162$12,612$9,116$6,496$4,575$1,110
29 years$16,391$11,898$8,483$5,957$4,131$941
30 years$15,674$11,236$7,901$5,467$3,733$799
31 years$15,004$10,622$7,366$5,021$3,375$678
32 years$14,377$10,051$6,873$4,614$3,053$575
33 years$13,790$9,518$6,417$4,243$2,763$488
34 years$13,238$9,021$5,996$3,904$2,501$415
35 years$12,719$8,556$5,606$3,594$2,266$352
36 years$12,229$8,121$5,244$3,310$2,053$299
37 years$11,768$7,713$4,908$3,050$1,860$254
38 years$11,331$7,330$4,596$2,811$1,687$216
39 years$10,918$6,970$4,306$2,592$1,529$183
40 years$10,527$6,632$4,036$2,391$1,387$156
41 years$10,156$6,313$3,785$2,206$1,259$132
42 years$9,803$6,012$3,550$2,035$1,142$112
43 years$9,468$5,728$3,331$1,879$1,036$95
44 years$9,149$5,460$3,127$1,735$941$81
45 years$8,845$5,207$2,936$1,602$854$69
46 years$8,554$4,967$2,758$1,480$775$58
47 years$8,278$4,740$2,591$1,367$704$50
48 years$8,013$4,525$2,435$1,263$639$42
49 years$7,760$4,321$2,289$1,168$581$36
50 years$7,518$4,128$2,152$1,079$528$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,700,000, adding $6,774 every year, while hoping to spend $48,847 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: 21/49/30 Blend
79$7,700,000$7,700,000$7,700,000$7,700,000
80$8,492,387$8,084,287$7,964,937$8,589,854
81$9,306,638$8,428,445$8,179,790$9,025,074
82$10,202,305$8,787,828$8,400,203$9,485,506
83$11,187,642$9,163,133$8,626,311$9,976,642
84$12,271,740$9,555,086$8,858,252$10,501,002
85$13,464,621$9,964,448$9,096,166$11,061,339
86$14,777,321$10,392,015$9,340,197$11,660,663
87$16,222,005$10,838,622$9,590,491$12,302,261
88$17,812,075$11,305,140$9,847,198$12,989,732
89$19,562,299$11,792,483$10,110,470$13,727,008
90$21,488,946$12,301,608$10,380,464$14,518,396
91$23,609,948$12,833,515$10,657,339$15,368,609
92$25,945,059$13,389,254$10,941,256$16,282,808
93$28,516,049$13,969,922$11,232,382$17,266,647
94$31,346,904$14,576,666$11,530,885$18,326,319
95$34,464,057$15,210,691$11,836,938$19,468,613
96$37,896,632$15,873,256$12,150,717$20,700,972
97$41,676,722$16,565,680$12,472,400$22,031,556
98$45,839,693$17,289,343$12,802,171$23,469,315
99$50,424,513$18,045,693$13,140,215$25,024,070
100$55,474,124$18,836,242$13,486,722$26,706,595