Can I retire at age 80 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$652,375$646,564$640,894$635,360$629,957$622,343
2 years$322,958$316,943$311,114$305,462$299,980$292,317
3 years$213,166$207,126$201,311$195,712$190,319$182,846
4 years$158,282$152,259$146,503$141,000$135,737$128,511
5 years$125,359$119,373$113,692$108,301$103,185$96,227
6 years$103,418$97,477$91,880$86,609$81,647$74,966
7 years$87,752$81,861$76,353$71,206$66,401$59,999
8 years$76,008$70,170$64,753$59,733$55,086$48,962
9 years$66,878$61,096$55,772$50,879$46,390$40,542
10 years$59,579$53,853$48,623$43,859$39,527$33,951
11 years$53,611$47,942$42,807$38,170$33,994$28,686
12 years$48,641$43,030$37,990$33,480$29,459$24,411
13 years$44,439$38,887$33,942$29,558$25,689$20,896
14 years$40,840$35,347$30,497$26,238$22,519$17,974
15 years$37,724$32,290$27,535$23,400$19,827$15,523
16 years$35,000$29,626$24,964$20,952$17,523$13,452
17 years$32,599$27,284$22,716$18,825$15,537$11,691
18 years$30,467$25,212$20,737$16,965$13,815$10,186
19 years$28,562$23,366$18,984$15,330$12,314$8,893
20 years$26,850$21,713$17,422$13,884$10,999$7,779
21 years$25,302$20,225$16,025$12,601$9,843$6,814
22 years$23,897$18,879$14,770$11,457$8,823$5,978
23 years$22,617$17,657$13,637$10,434$7,920$5,250
24 years$21,444$16,544$12,612$9,516$7,118$4,616
25 years$20,367$15,525$11,681$8,691$6,405$4,062
26 years$19,375$14,591$10,834$7,947$5,770$3,577
27 years$18,458$13,732$10,060$7,274$5,202$3,152
28 years$17,607$12,940$9,352$6,664$4,694$2,780
29 years$16,817$12,207$8,703$6,111$4,238$2,452
30 years$16,081$11,528$8,107$5,609$3,830$2,164
31 years$15,394$10,898$7,558$5,151$3,462$1,911
32 years$14,751$10,312$7,051$4,734$3,132$1,688
33 years$14,148$9,765$6,584$4,353$2,834$1,492
34 years$13,582$9,255$6,152$4,005$2,566$1,319
35 years$13,049$8,779$5,751$3,687$2,324$1,166
36 years$12,547$8,332$5,380$3,396$2,106$1,031
37 years$12,073$7,914$5,036$3,129$1,909$912
38 years$11,626$7,521$4,716$2,884$1,730$806
39 years$11,202$7,152$4,418$2,659$1,569$714
40 years$10,801$6,804$4,141$2,453$1,423$631
41 years$10,420$6,477$3,883$2,263$1,291$559
42 years$10,058$6,168$3,642$2,088$1,172$494
43 years$9,714$5,877$3,418$1,928$1,063$438
44 years$9,386$5,602$3,208$1,780$965$387
45 years$9,074$5,342$3,013$1,644$876$343
46 years$8,777$5,096$2,829$1,518$796$304
47 years$8,493$4,863$2,658$1,403$722$269
48 years$8,221$4,643$2,498$1,296$656$238
49 years$7,962$4,434$2,348$1,198$596$211
50 years$7,713$4,235$2,207$1,107$541$187

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $7,900,000, adding $6,968 every year, while hoping to spend $20,685 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: 82/11/7 Blend
79$7,900,000$7,900,000$7,900,000$7,900,000
80$8,712,987$8,294,287$8,171,837$9,421,017
81$9,579,704$8,678,699$8,423,585$10,269,454
82$10,534,131$9,081,253$8,683,074$11,197,200
83$11,585,196$9,502,818$8,950,539$12,215,043
84$12,742,731$9,944,301$9,226,228$13,331,993
85$14,017,574$10,406,656$9,510,391$14,557,970
86$15,421,666$10,890,882$9,803,289$15,903,900
87$16,968,166$11,398,025$10,105,189$17,381,814
88$18,671,574$11,929,183$10,416,367$19,004,960
89$20,547,868$12,485,507$10,737,109$20,787,932
90$22,614,656$13,068,202$11,067,708$22,746,799
91$24,891,339$13,678,532$11,408,464$24,899,263
92$27,399,299$14,317,823$11,759,691$27,264,820
93$30,162,096$14,987,465$12,121,709$29,864,942
94$33,205,691$15,688,913$12,494,848$32,723,284
95$36,558,697$16,423,694$12,879,451$35,865,899
96$40,252,638$17,193,410$13,275,867$39,321,486
97$44,322,258$17,999,738$13,684,459$43,121,660
98$48,805,840$18,844,437$14,105,600$47,301,246
99$53,745,573$19,729,351$14,539,675$51,898,607
100$59,187,947$20,656,415$14,987,080$56,956,006