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%
1 years$635,859$630,195$624,669$619,275$614,009$596,506
2 years$314,782$308,919$303,237$297,729$292,385$274,888
3 years$207,770$201,882$196,215$190,758$185,501$168,557
4 years$154,274$148,405$142,794$137,430$132,301$116,040
5 years$122,186$116,351$110,814$105,559$100,573$85,040
6 years$100,800$95,009$89,554$84,417$79,580$64,789
7 years$85,531$79,789$74,420$69,404$64,720$50,672
8 years$74,084$68,394$63,114$58,221$53,691$40,377
9 years$65,185$59,549$54,360$49,591$45,216$32,623
10 years$58,071$52,490$47,392$42,748$38,526$26,638
11 years$52,254$46,728$41,723$37,204$33,134$21,930
12 years$47,409$41,941$37,029$32,633$28,713$18,173
13 years$43,314$37,902$33,083$28,810$25,038$15,138
14 years$39,806$34,452$29,725$25,574$21,948$12,664
15 years$36,769$31,473$26,838$22,808$19,325$10,631
16 years$34,114$28,876$24,332$20,422$17,080$8,950
17 years$31,774$26,593$22,141$18,349$15,144$7,553
18 years$29,696$24,573$20,212$16,536$13,465$6,386
19 years$27,839$22,774$18,503$14,942$12,002$5,409
20 years$26,170$21,163$16,981$13,533$10,720$4,587
21 years$24,662$19,713$15,620$12,282$9,594$3,895
22 years$23,292$18,401$14,396$11,167$8,599$3,311
23 years$22,044$17,210$13,292$10,170$7,719$2,816
24 years$20,901$16,125$12,293$9,275$6,938$2,397
25 years$19,852$15,132$11,386$8,471$6,243$2,042
26 years$18,885$14,222$10,560$7,745$5,624$1,740
27 years$17,990$13,384$9,806$7,090$5,070$1,484
28 years$17,162$12,612$9,116$6,496$4,575$1,265
29 years$16,391$11,898$8,483$5,957$4,131$1,080
30 years$15,674$11,236$7,901$5,467$3,733$921
31 years$15,004$10,622$7,366$5,021$3,375$786
32 years$14,377$10,051$6,873$4,614$3,053$671
33 years$13,790$9,518$6,417$4,243$2,763$573
34 years$13,238$9,021$5,996$3,904$2,501$490
35 years$12,719$8,556$5,606$3,594$2,266$418
36 years$12,229$8,121$5,244$3,310$2,053$357
37 years$11,768$7,713$4,908$3,050$1,860$305
38 years$11,331$7,330$4,596$2,811$1,687$261
39 years$10,918$6,970$4,306$2,592$1,529$223
40 years$10,527$6,632$4,036$2,391$1,387$190
41 years$10,156$6,313$3,785$2,206$1,259$163
42 years$9,803$6,012$3,550$2,035$1,142$139
43 years$9,468$5,728$3,331$1,879$1,036$119
44 years$9,149$5,460$3,127$1,735$941$101
45 years$8,845$5,207$2,936$1,602$854$87
46 years$8,554$4,967$2,758$1,480$775$74
47 years$8,278$4,740$2,591$1,367$704$63
48 years$8,013$4,525$2,435$1,263$639$54
49 years$7,760$4,321$2,289$1,168$581$46
50 years$7,518$4,128$2,152$1,079$528$40

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 $2,656 every year, while hoping to spend $31,236 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: 67/9/24 Blend
79$7,700,000$7,700,000$7,700,000$7,700,000
80$8,488,140$8,080,040$7,960,690$9,004,318
81$9,320,695$8,442,727$8,194,138$9,714,079
82$10,237,124$8,822,139$8,434,360$10,486,205
83$11,245,949$9,219,062$8,681,549$11,329,934
84$12,356,561$9,634,320$8,935,906$12,252,328
85$13,579,305$10,068,777$9,197,634$13,261,158
86$14,925,585$10,523,338$9,466,945$14,364,981
87$16,407,962$10,998,949$9,744,055$15,573,215
88$18,040,281$11,496,605$10,029,188$16,896,231
89$19,837,796$12,017,344$10,322,572$18,345,447
90$21,817,315$12,562,258$10,624,442$19,933,436
91$23,997,362$13,132,490$10,935,042$21,674,040
92$26,398,346$13,729,234$11,254,618$23,582,504
93$29,042,757$14,353,747$11,583,428$25,675,616
94$31,955,380$15,007,342$11,921,735$27,971,864
95$35,163,523$15,691,396$12,269,807$30,491,608
96$38,697,281$16,407,353$12,627,924$33,257,274
97$42,589,815$17,156,725$12,996,371$36,293,560
98$46,877,668$17,941,096$13,375,442$39,627,670
99$51,601,108$18,762,128$13,765,437$43,289,566
100$56,804,510$19,621,561$14,166,668$47,312,254