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%18.8%
1 years$644,117$638,379$632,782$627,318$621,983$599,914
2 years$318,870$312,931$307,176$301,595$296,182$274,184
3 years$210,468$204,504$198,763$193,235$187,910$166,673
4 years$156,278$150,332$144,648$139,215$134,019$113,706
5 years$123,772$117,862$112,253$106,930$101,879$82,543
6 years$102,109$96,243$90,717$85,513$80,614$62,269
7 years$86,641$80,825$75,386$70,305$65,560$48,203
8 years$75,046$69,282$63,934$58,977$54,389$38,005
9 years$66,032$60,322$55,066$50,235$45,803$30,371
10 years$58,825$53,171$48,008$43,303$39,027$24,520
11 years$52,932$47,335$42,265$37,687$33,564$19,953
12 years$48,025$42,486$37,509$33,057$29,086$16,338
13 years$43,876$38,395$33,512$29,184$25,364$13,444
14 years$40,323$34,900$30,111$25,906$22,234$11,107
15 years$37,246$31,881$27,186$23,104$19,576$9,206
16 years$34,557$29,251$24,648$20,687$17,301$7,650
17 years$32,186$26,939$22,429$18,587$15,341$6,371
18 years$30,082$24,893$20,475$16,751$13,640$5,316
19 years$28,201$23,070$18,744$15,136$12,158$4,441
20 years$26,510$21,438$17,202$13,708$10,860$3,715
21 years$24,982$19,969$15,822$12,441$9,718$3,111
22 years$23,595$18,640$14,583$11,312$8,711$2,607
23 years$22,330$17,434$13,465$10,302$7,819$2,187
24 years$21,173$16,334$12,453$9,396$7,028$1,835
25 years$20,110$15,329$11,534$8,581$6,324$1,541
26 years$19,130$14,407$10,697$7,846$5,697$1,294
27 years$18,224$13,558$9,933$7,182$5,136$1,087
28 years$17,384$12,776$9,234$6,580$4,634$914
29 years$16,604$12,053$8,593$6,034$4,185$768
30 years$15,877$11,382$8,004$5,538$3,781$646
31 years$15,199$10,760$7,462$5,086$3,419$543
32 years$14,564$10,181$6,962$4,674$3,092$457
33 years$13,969$9,642$6,501$4,298$2,799$384
34 years$13,410$9,138$6,074$3,955$2,534$323
35 years$12,884$8,667$5,678$3,640$2,295$272
36 years$12,388$8,227$5,312$3,353$2,079$229
37 years$11,921$7,813$4,972$3,089$1,885$193
38 years$11,479$7,426$4,656$2,847$1,709$162
39 years$11,060$7,061$4,362$2,625$1,549$136
40 years$10,664$6,718$4,089$2,422$1,405$115
41 years$10,288$6,395$3,834$2,234$1,275$97
42 years$9,931$6,090$3,596$2,062$1,157$81
43 years$9,591$5,803$3,375$1,903$1,050$68
44 years$9,268$5,531$3,168$1,757$953$58
45 years$8,959$5,275$2,974$1,623$865$48
46 years$8,666$5,032$2,794$1,499$786$41
47 years$8,385$4,802$2,625$1,385$713$34
48 years$8,117$4,584$2,466$1,280$648$29
49 years$7,861$4,377$2,318$1,183$588$24
50 years$7,616$4,182$2,179$1,093$534$20

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 $2,706 every year, while hoping to spend $50,900 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: 47/24/29 Blend
79$7,800,000$7,800,000$7,800,000$7,800,000
80$8,598,391$8,184,991$8,064,091$8,930,840
81$9,421,270$8,531,899$8,280,081$9,513,067
82$10,326,376$8,894,098$8,501,601$10,139,557
83$11,322,044$9,272,286$8,728,781$10,818,677
84$12,417,454$9,667,191$8,961,758$11,555,407
85$13,622,724$10,079,573$9,200,666$12,355,221
86$14,949,001$10,510,230$9,445,647$13,224,133
87$16,408,565$10,959,998$9,696,843$14,168,759
88$18,014,950$11,429,749$9,954,398$15,196,370
89$19,783,067$11,920,399$10,218,463$16,314,966
90$21,729,346$12,432,904$10,489,187$17,533,341
91$23,871,889$12,968,266$10,766,725$18,861,172
92$26,230,646$13,527,536$11,051,234$20,309,101
93$28,827,596$14,111,809$11,342,875$21,888,838
94$31,686,961$14,722,237$11,641,811$23,613,266
95$34,835,427$15,360,023$11,948,208$25,496,561
96$38,302,403$16,026,427$12,262,235$27,554,322
97$42,120,295$16,722,769$12,584,066$29,803,718
98$46,324,809$17,450,428$12,913,877$32,263,643
99$50,955,294$18,210,853$13,251,846$34,954,896
100$56,055,106$19,005,558$13,598,155$37,900,369