Can I retire at age 80 with 7,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$644,117$638,379$632,782$627,318$621,983$597,305
2 years$318,870$312,931$307,176$301,595$296,182$271,626
3 years$210,468$204,504$198,763$193,235$187,910$164,248
4 years$156,278$150,332$144,648$139,215$134,019$111,432
5 years$123,772$117,862$112,253$106,930$101,879$80,424
6 years$102,109$96,243$90,717$85,513$80,614$60,304
7 years$86,641$80,825$75,386$70,305$65,560$46,389
8 years$75,046$69,282$63,934$58,977$54,389$36,336
9 years$66,032$60,322$55,066$50,235$45,803$28,842
10 years$58,825$53,171$48,008$43,303$39,027$23,124
11 years$52,932$47,335$42,265$37,687$33,564$18,683
12 years$48,025$42,486$37,509$33,057$29,086$15,186
13 years$43,876$38,395$33,512$29,184$25,364$12,402
14 years$40,323$34,900$30,111$25,906$22,234$10,168
15 years$37,246$31,881$27,186$23,104$19,576$8,362
16 years$34,557$29,251$24,648$20,687$17,301$6,893
17 years$32,186$26,939$22,429$18,587$15,341$5,694
18 years$30,082$24,893$20,475$16,751$13,640$4,712
19 years$28,201$23,070$18,744$15,136$12,158$3,904
20 years$26,510$21,438$17,202$13,708$10,860$3,238
21 years$24,982$19,969$15,822$12,441$9,718$2,689
22 years$23,595$18,640$14,583$11,312$8,711$2,234
23 years$22,330$17,434$13,465$10,302$7,819$1,858
24 years$21,173$16,334$12,453$9,396$7,028$1,545
25 years$20,110$15,329$11,534$8,581$6,324$1,286
26 years$19,130$14,407$10,697$7,846$5,697$1,071
27 years$18,224$13,558$9,933$7,182$5,136$892
28 years$17,384$12,776$9,234$6,580$4,634$743
29 years$16,604$12,053$8,593$6,034$4,185$619
30 years$15,877$11,382$8,004$5,538$3,781$516
31 years$15,199$10,760$7,462$5,086$3,419$430
32 years$14,564$10,181$6,962$4,674$3,092$358
33 years$13,969$9,642$6,501$4,298$2,799$299
34 years$13,410$9,138$6,074$3,955$2,534$249
35 years$12,884$8,667$5,678$3,640$2,295$208
36 years$12,388$8,227$5,312$3,353$2,079$173
37 years$11,921$7,813$4,972$3,089$1,885$144
38 years$11,479$7,426$4,656$2,847$1,709$120
39 years$11,060$7,061$4,362$2,625$1,549$100
40 years$10,664$6,718$4,089$2,422$1,405$84
41 years$10,288$6,395$3,834$2,234$1,275$70
42 years$9,931$6,090$3,596$2,062$1,157$58
43 years$9,591$5,803$3,375$1,903$1,050$49
44 years$9,268$5,531$3,168$1,757$953$40
45 years$8,959$5,275$2,974$1,623$865$34
46 years$8,666$5,032$2,794$1,499$786$28
47 years$8,385$4,802$2,625$1,385$713$23
48 years$8,117$4,584$2,466$1,280$648$20
49 years$7,861$4,377$2,318$1,183$588$16
50 years$7,616$4,182$2,179$1,093$534$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,800,000, adding $3,105 every year, while hoping to spend $41,422 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: 48/34/18 Blend
79$7,800,000$7,800,000$7,800,000$7,800,000
80$8,598,803$8,185,403$8,064,503$8,967,838
81$9,431,808$8,542,415$8,290,591$9,581,243
82$10,348,391$8,915,532$8,522,865$10,242,465
83$11,357,034$9,305,500$8,761,488$10,959,576
84$12,467,082$9,713,100$9,006,627$11,737,830
85$13,688,830$10,139,148$9,258,456$12,582,998
86$15,033,626$10,584,501$9,517,149$13,501,417
87$16,513,969$11,050,055$9,782,886$14,500,055
88$18,143,635$11,536,748$10,055,854$15,586,568
89$19,937,802$12,045,565$10,336,242$16,769,369
90$21,913,195$12,577,535$10,624,243$18,057,709
91$24,088,242$13,133,736$10,920,057$19,461,759
92$26,483,252$13,715,298$11,223,887$20,992,700
93$29,120,599$14,323,403$11,535,943$22,662,830
94$32,024,942$14,959,292$11,856,439$24,485,674
95$35,223,450$15,624,261$12,185,594$26,476,106
96$38,746,063$16,319,671$12,523,632$28,650,491
97$42,625,771$17,046,945$12,870,784$31,026,830
98$46,898,930$17,807,575$13,227,285$33,624,930
99$51,605,599$18,603,124$13,593,377$36,466,582
100$56,789,921$19,435,229$13,969,307$39,575,768