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

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$644,117$638,379$632,782$627,318$621,983$612,941
2 years$318,870$312,931$307,176$301,595$296,182$287,092
3 years$210,468$204,504$198,763$193,235$187,910$179,054
4 years$156,278$150,332$144,648$139,215$134,019$125,465
5 years$123,772$117,862$112,253$106,930$101,879$93,652
6 years$102,109$96,243$90,717$85,513$80,614$72,723
7 years$86,641$80,825$75,386$70,305$65,560$58,009
8 years$75,046$69,282$63,934$58,977$54,389$47,176
9 years$66,032$60,322$55,066$50,235$45,803$38,925
10 years$58,825$53,171$48,008$43,303$39,027$32,478
11 years$52,932$47,335$42,265$37,687$33,564$27,339
12 years$48,025$42,486$37,509$33,057$29,086$23,176
13 years$43,876$38,395$33,512$29,184$25,364$19,761
14 years$40,323$34,900$30,111$25,906$22,234$16,930
15 years$37,246$31,881$27,186$23,104$19,576$14,562
16 years$34,557$29,251$24,648$20,687$17,301$12,567
17 years$32,186$26,939$22,429$18,587$15,341$10,876
18 years$30,082$24,893$20,475$16,751$13,640$9,434
19 years$28,201$23,070$18,744$15,136$12,158$8,201
20 years$26,510$21,438$17,202$13,708$10,860$7,141
21 years$24,982$19,969$15,822$12,441$9,718$6,228
22 years$23,595$18,640$14,583$11,312$8,711$5,439
23 years$22,330$17,434$13,465$10,302$7,819$4,755
24 years$21,173$16,334$12,453$9,396$7,028$4,161
25 years$20,110$15,329$11,534$8,581$6,324$3,644
26 years$19,130$14,407$10,697$7,846$5,697$3,194
27 years$18,224$13,558$9,933$7,182$5,136$2,801
28 years$17,384$12,776$9,234$6,580$4,634$2,458
29 years$16,604$12,053$8,593$6,034$4,185$2,158
30 years$15,877$11,382$8,004$5,538$3,781$1,895
31 years$15,199$10,760$7,462$5,086$3,419$1,665
32 years$14,564$10,181$6,962$4,674$3,092$1,464
33 years$13,969$9,642$6,501$4,298$2,799$1,287
34 years$13,410$9,138$6,074$3,955$2,534$1,132
35 years$12,884$8,667$5,678$3,640$2,295$996
36 years$12,388$8,227$5,312$3,353$2,079$876
37 years$11,921$7,813$4,972$3,089$1,885$771
38 years$11,479$7,426$4,656$2,847$1,709$678
39 years$11,060$7,061$4,362$2,625$1,549$597
40 years$10,664$6,718$4,089$2,422$1,405$526
41 years$10,288$6,395$3,834$2,234$1,275$463
42 years$9,931$6,090$3,596$2,062$1,157$407
43 years$9,591$5,803$3,375$1,903$1,050$359
44 years$9,268$5,531$3,168$1,757$953$316
45 years$8,959$5,275$2,974$1,623$865$278
46 years$8,666$5,032$2,794$1,499$786$245
47 years$8,385$4,802$2,625$1,385$713$216
48 years$8,117$4,584$2,466$1,280$648$190
49 years$7,861$4,377$2,318$1,183$588$167
50 years$7,616$4,182$2,179$1,093$534$147

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 $6,821 every year, while hoping to spend $52,574 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: 65/5/30 Blend
79$7,800,000$7,800,000$7,800,000$7,800,000
80$8,602,636$8,189,236$8,068,336$9,092,627
81$9,424,166$8,534,570$8,282,687$9,770,624
82$10,327,731$8,895,064$8,502,456$10,505,033
83$11,321,642$9,271,404$8,727,771$11,306,712
84$12,415,056$9,664,310$8,958,758$12,182,299
85$13,618,065$10,074,534$9,195,550$13,139,100
86$14,941,787$10,502,865$9,438,280$14,185,163
87$16,398,470$10,950,126$9,687,083$15,329,348
88$18,001,612$11,417,181$9,942,099$16,581,410
89$19,766,086$11,904,932$10,203,468$17,952,096
90$21,708,278$12,414,325$10,471,335$19,453,235
91$23,846,243$12,946,348$10,745,847$21,097,861
92$26,199,879$13,502,038$11,027,151$22,900,324
93$28,791,107$14,082,478$11,315,401$24,876,432
94$31,644,084$14,688,804$11,610,751$27,043,595
95$34,785,427$15,322,202$11,913,358$29,420,992
96$38,244,467$15,983,916$12,223,382$32,029,747
97$42,053,524$16,675,249$12,540,986$34,893,129
98$46,248,210$17,397,563$12,866,336$38,036,770
99$50,867,768$18,152,285$13,199,599$41,488,909
100$55,955,443$18,940,908$13,540,948$45,280,651