Can I retire at age 71 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%16.4%
1 years$644,117$638,379$632,782$627,318$621,983$605,718
2 years$318,870$312,931$307,176$301,595$296,182$279,907
3 years$210,468$204,504$198,763$193,235$187,910$172,133
4 years$156,278$150,332$144,648$139,215$134,019$118,862
5 years$123,772$117,862$112,253$106,930$101,879$87,383
6 years$102,109$96,243$90,717$85,513$80,614$66,793
7 years$86,641$80,825$75,386$70,305$65,560$52,417
8 years$75,046$69,282$63,934$58,977$54,389$41,916
9 years$66,032$60,322$55,066$50,235$45,803$33,989
10 years$58,825$53,171$48,008$43,303$39,027$27,857
11 years$52,932$47,335$42,265$37,687$33,564$23,023
12 years$48,025$42,486$37,509$33,057$29,086$19,154
13 years$43,876$38,395$33,512$29,184$25,364$16,020
14 years$40,323$34,900$30,111$25,906$22,234$13,457
15 years$37,246$31,881$27,186$23,104$19,576$11,344
16 years$34,557$29,251$24,648$20,687$17,301$9,592
17 years$32,186$26,939$22,429$18,587$15,341$8,130
18 years$30,082$24,893$20,475$16,751$13,640$6,905
19 years$28,201$23,070$18,744$15,136$12,158$5,874
20 years$26,510$21,438$17,202$13,708$10,860$5,005
21 years$24,982$19,969$15,822$12,441$9,718$4,270
22 years$23,595$18,640$14,583$11,312$8,711$3,646
23 years$22,330$17,434$13,465$10,302$7,819$3,116
24 years$21,173$16,334$12,453$9,396$7,028$2,665
25 years$20,110$15,329$11,534$8,581$6,324$2,281
26 years$19,130$14,407$10,697$7,846$5,697$1,953
27 years$18,224$13,558$9,933$7,182$5,136$1,674
28 years$17,384$12,776$9,234$6,580$4,634$1,434
29 years$16,604$12,053$8,593$6,034$4,185$1,230
30 years$15,877$11,382$8,004$5,538$3,781$1,055
31 years$15,199$10,760$7,462$5,086$3,419$905
32 years$14,564$10,181$6,962$4,674$3,092$776
33 years$13,969$9,642$6,501$4,298$2,799$666
34 years$13,410$9,138$6,074$3,955$2,534$572
35 years$12,884$8,667$5,678$3,640$2,295$491
36 years$12,388$8,227$5,312$3,353$2,079$421
37 years$11,921$7,813$4,972$3,089$1,885$362
38 years$11,479$7,426$4,656$2,847$1,709$311
39 years$11,060$7,061$4,362$2,625$1,549$267
40 years$10,664$6,718$4,089$2,422$1,405$229
41 years$10,288$6,395$3,834$2,234$1,275$197
42 years$9,931$6,090$3,596$2,062$1,157$169
43 years$9,591$5,803$3,375$1,903$1,050$145
44 years$9,268$5,531$3,168$1,757$953$125
45 years$8,959$5,275$2,974$1,623$865$107
46 years$8,666$5,032$2,794$1,499$786$92
47 years$8,385$4,802$2,625$1,385$713$79
48 years$8,117$4,584$2,466$1,280$648$68
49 years$7,861$4,377$2,318$1,183$588$58
50 years$7,616$4,182$2,179$1,093$534$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $7,800,000, adding $4,480 every year, while hoping to spend $36,156 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: 39/42/19 Blend
70$7,800,000$7,800,000$7,800,000$7,800,000
71$8,600,221$8,186,821$8,065,921$8,886,709
72$9,438,974$8,549,506$8,297,660$9,455,360
73$10,362,068$8,928,750$8,535,950$10,066,048
74$11,378,067$9,325,327$8,780,973$10,725,625
75$12,496,409$9,740,047$9,032,915$11,438,542
76$13,727,492$10,173,759$9,291,966$12,209,679
77$15,082,774$10,627,351$9,558,325$13,044,391
78$16,574,879$11,101,753$9,832,191$13,948,552
79$18,217,720$11,597,942$10,113,772$14,928,613
80$20,026,624$12,116,938$10,403,280$15,991,653
81$22,018,484$12,659,812$10,700,934$17,145,446
82$24,211,911$13,227,685$11,006,958$18,398,530
83$26,627,416$13,821,731$11,321,580$19,760,282
84$29,287,597$14,443,181$11,645,038$21,241,002
85$32,217,359$15,093,324$11,977,574$22,852,011
86$35,444,143$15,773,510$12,319,436$24,605,746
87$38,998,189$16,485,155$12,670,880$26,515,876
88$42,912,817$17,229,741$13,032,168$28,597,427
89$47,224,747$18,008,821$13,403,568$30,866,919
90$51,974,441$18,824,023$13,785,358$33,342,511
91$57,206,486$19,677,052$14,177,819$36,044,174
92$62,970,015$20,569,695$14,581,244$38,993,868
93$69,319,171$21,503,824$14,995,929$42,215,747
94$76,313,616$22,481,401$15,422,183$45,736,377
95$84,019,098$23,504,482$15,860,319$49,584,982
96$92,508,065$24,575,222$16,310,659$53,793,713
97$101,860,356$25,695,876$16,773,534$58,397,942
98$112,163,950$26,868,811$17,249,285$63,436,588
99$123,515,796$28,096,506$17,738,260$68,952,481
100$136,022,731$29,381,559$18,240,815$74,992,751