Can I retire at age 80 with 10,000,000?

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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$825,791$818,435$811,258$804,254$797,414$777,506
2 years$408,807$401,194$393,815$386,660$379,721$359,790
3 years$269,831$262,184$254,824$247,737$240,911$221,580
4 years$200,356$192,733$185,447$178,481$171,819$153,238
5 years$158,683$151,105$143,914$137,090$130,614$112,833
6 years$130,909$123,389$116,304$109,632$103,351$86,388
7 years$111,079$103,622$96,649$90,135$84,052$67,909
8 years$96,213$88,823$81,966$75,612$69,729$54,400
9 years$84,656$77,336$70,598$64,404$58,722$44,193
10 years$75,417$68,168$61,549$55,517$50,034$36,288
11 years$67,862$60,686$54,186$48,317$43,031$30,048
12 years$61,571$54,469$48,089$42,380$37,290$25,047
13 years$56,251$49,224$42,964$37,415$32,517$20,991
14 years$51,696$44,743$38,604$33,213$28,505$17,669
15 years$47,752$40,874$34,854$29,620$25,098$14,927
16 years$44,304$37,501$31,600$26,522$22,181$12,648
17 years$41,265$34,537$28,755$23,830$19,668$10,743
18 years$38,566$31,914$26,250$21,475$17,487$9,145
19 years$36,155$29,577$24,030$19,405$15,587$7,798
20 years$33,987$27,484$22,054$17,575$13,923$6,659
21 years$32,028$25,601$20,285$15,950$12,459$5,693
22 years$30,250$23,897$18,696$14,502$11,168$4,873
23 years$28,629$22,351$17,262$13,208$10,025$4,175
24 years$27,145$20,941$15,965$12,046$9,011$3,579
25 years$25,782$19,652$14,787$11,001$8,108$3,071
26 years$24,525$18,470$13,714$10,059$7,304$2,636
27 years$23,364$17,382$12,734$9,207$6,585$2,264
28 years$22,288$16,379$11,838$8,436$5,942$1,945
29 years$21,288$15,452$11,017$7,736$5,365$1,672
30 years$20,356$14,593$10,262$7,099$4,848$1,437
31 years$19,486$13,795$9,567$6,520$4,383$1,236
32 years$18,672$13,053$8,926$5,992$3,965$1,063
33 years$17,909$12,361$8,334$5,510$3,588$915
34 years$17,192$11,716$7,787$5,070$3,248$787
35 years$16,518$11,112$7,280$4,667$2,942$677
36 years$15,882$10,547$6,810$4,298$2,666$583
37 years$15,283$10,017$6,374$3,960$2,416$502
38 years$14,716$9,520$5,969$3,650$2,190$432
39 years$14,180$9,053$5,593$3,366$1,986$372
40 years$13,672$8,613$5,242$3,105$1,802$320
41 years$13,189$8,199$4,915$2,864$1,635$276
42 years$12,731$7,808$4,611$2,643$1,483$237
43 years$12,296$7,439$4,327$2,440$1,346$204
44 years$11,881$7,091$4,061$2,253$1,222$176
45 years$11,486$6,762$3,813$2,081$1,109$152
46 years$11,110$6,451$3,582$1,922$1,007$131
47 years$10,750$6,156$3,365$1,776$914$112
48 years$10,406$5,877$3,162$1,641$830$97
49 years$10,078$5,612$2,972$1,516$754$83
50 years$9,763$5,361$2,794$1,402$685$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,000,000, adding $6,913 every year, while hoping to spend $43,886 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: 56/14/30 Blend
79$10,000,000$10,000,000$10,000,000$10,000,000
80$11,027,131$10,497,131$10,342,131$11,552,721
81$12,105,204$10,964,796$10,641,898$12,383,630
82$13,291,769$11,453,906$10,950,236$13,283,424
83$14,597,847$11,965,464$11,267,387$14,263,003
84$16,035,580$12,500,525$11,593,597$15,330,093
85$17,618,348$13,060,189$11,929,120$16,493,191
86$19,360,892$13,645,611$12,274,219$17,761,647
87$21,279,459$14,258,002$12,629,161$19,145,745
88$23,391,948$14,898,628$12,994,222$20,656,804
89$25,718,082$15,568,817$13,369,684$22,307,280
90$28,279,598$16,269,960$13,755,840$24,110,880
91$31,100,444$17,003,515$14,152,987$26,082,690
92$34,207,010$17,771,008$14,561,434$28,239,315
93$37,628,378$18,574,040$14,981,494$30,599,035
94$41,396,590$19,414,286$15,413,492$33,181,972
95$45,546,959$20,293,502$15,857,761$36,010,278
96$50,118,395$21,213,530$16,314,642$39,108,342
97$55,153,776$22,176,297$16,784,487$42,503,017
98$60,700,349$23,183,824$17,267,655$46,223,869
99$66,810,181$24,238,228$17,764,518$50,303,455
100$73,540,645$25,341,727$18,275,455$54,777,625