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%13.4%
1 years$635,859$630,195$624,669$619,275$614,009$605,333
2 years$314,782$308,919$303,237$297,729$292,385$283,661
3 years$207,770$201,882$196,215$190,758$185,501$177,000
4 years$154,274$148,405$142,794$137,430$132,301$124,089
5 years$122,186$116,351$110,814$105,559$100,573$92,673
6 years$100,800$95,009$89,554$84,417$79,580$72,002
7 years$85,531$79,789$74,420$69,404$64,720$57,466
8 years$74,084$68,394$63,114$58,221$53,691$46,761
9 years$65,185$59,549$54,360$49,591$45,216$38,606
10 years$58,071$52,490$47,392$42,748$38,526$32,231
11 years$52,254$46,728$41,723$37,204$33,134$27,148
12 years$47,409$41,941$37,029$32,633$28,713$23,029
13 years$43,314$37,902$33,083$28,810$25,038$19,649
14 years$39,806$34,452$29,725$25,574$21,948$16,845
15 years$36,769$31,473$26,838$22,808$19,325$14,498
16 years$34,114$28,876$24,332$20,422$17,080$12,521
17 years$31,774$26,593$22,141$18,349$15,144$10,843
18 years$29,696$24,573$20,212$16,536$13,465$9,413
19 years$27,839$22,774$18,503$14,942$12,002$8,189
20 years$26,170$21,163$16,981$13,533$10,720$7,136
21 years$24,662$19,713$15,620$12,282$9,594$6,228
22 years$23,292$18,401$14,396$11,167$8,599$5,443
23 years$22,044$17,210$13,292$10,170$7,719$4,762
24 years$20,901$16,125$12,293$9,275$6,938$4,170
25 years$19,852$15,132$11,386$8,471$6,243$3,655
26 years$18,885$14,222$10,560$7,745$5,624$3,206
27 years$17,990$13,384$9,806$7,090$5,070$2,814
28 years$17,162$12,612$9,116$6,496$4,575$2,472
29 years$16,391$11,898$8,483$5,957$4,131$2,172
30 years$15,674$11,236$7,901$5,467$3,733$1,909
31 years$15,004$10,622$7,366$5,021$3,375$1,679
32 years$14,377$10,051$6,873$4,614$3,053$1,477
33 years$13,790$9,518$6,417$4,243$2,763$1,299
34 years$13,238$9,021$5,996$3,904$2,501$1,144
35 years$12,719$8,556$5,606$3,594$2,266$1,007
36 years$12,229$8,121$5,244$3,310$2,053$887
37 years$11,768$7,713$4,908$3,050$1,860$781
38 years$11,331$7,330$4,596$2,811$1,687$688
39 years$10,918$6,970$4,306$2,592$1,529$606
40 years$10,527$6,632$4,036$2,391$1,387$534
41 years$10,156$6,313$3,785$2,206$1,259$470
42 years$9,803$6,012$3,550$2,035$1,142$415
43 years$9,468$5,728$3,331$1,879$1,036$365
44 years$9,149$5,460$3,127$1,735$941$322
45 years$8,845$5,207$2,936$1,602$854$284
46 years$8,554$4,967$2,758$1,480$775$250
47 years$8,278$4,740$2,591$1,367$704$221
48 years$8,013$4,525$2,435$1,263$639$194
49 years$7,760$4,321$2,289$1,168$581$171
50 years$7,518$4,128$2,152$1,079$528$151

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 $6,158 every year, while hoping to spend $52,876 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: 71/9/20 Blend
79$7,700,000$7,700,000$7,700,000$7,700,000
80$8,491,752$8,083,652$7,964,302$9,052,985
81$9,301,651$8,423,491$8,174,846$9,767,500
82$10,192,388$8,778,211$8,390,672$10,542,678
83$11,172,151$9,148,483$8,611,900$11,390,103
84$12,249,965$9,535,013$8,838,653$12,316,926
85$13,435,771$9,938,538$9,071,057$13,331,021
86$14,740,523$10,359,830$9,309,241$14,441,060
87$16,176,291$10,799,696$9,553,335$15,656,587
88$17,756,372$11,258,980$9,803,471$16,988,117
89$19,495,419$11,738,568$10,059,784$18,447,224
90$21,409,578$12,239,384$10,322,413$20,046,657
91$23,516,638$12,762,397$10,591,497$21,800,457
92$25,836,202$13,308,621$10,867,179$23,724,084
93$28,389,869$13,879,118$11,149,604$25,834,570
94$31,201,438$14,474,997$11,438,919$28,150,671
95$34,297,136$15,097,423$11,735,273$30,693,048
96$37,705,859$15,747,612$12,038,820$33,484,457
97$41,459,449$16,426,837$12,349,713$36,549,964
98$45,592,995$17,136,435$12,668,111$39,917,182
99$50,145,160$17,877,800$12,994,172$43,616,528
100$55,158,549$18,652,394$13,328,060$47,681,506