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%16.3%
1 years$825,791$818,435$811,258$804,254$797,414$776,876
2 years$408,807$401,194$393,815$386,660$379,721$359,166
3 years$269,831$262,184$254,824$247,737$240,911$220,982
4 years$200,356$192,733$185,447$178,481$171,819$152,670
5 years$158,683$151,105$143,914$137,090$130,614$112,297
6 years$130,909$123,389$116,304$109,632$103,351$85,884
7 years$111,079$103,622$96,649$90,135$84,052$67,436
8 years$96,213$88,823$81,966$75,612$69,729$53,958
9 years$84,656$77,336$70,598$64,404$58,722$43,781
10 years$75,417$68,168$61,549$55,517$50,034$35,905
11 years$67,862$60,686$54,186$48,317$43,031$29,693
12 years$61,571$54,469$48,089$42,380$37,290$24,719
13 years$56,251$49,224$42,964$37,415$32,517$20,688
14 years$51,696$44,743$38,604$33,213$28,505$17,390
15 years$47,752$40,874$34,854$29,620$25,098$14,671
16 years$44,304$37,501$31,600$26,522$22,181$12,413
17 years$41,265$34,537$28,755$23,830$19,668$10,529
18 years$38,566$31,914$26,250$21,475$17,487$8,949
19 years$36,155$29,577$24,030$19,405$15,587$7,619
20 years$33,987$27,484$22,054$17,575$13,923$6,496
21 years$32,028$25,601$20,285$15,950$12,459$5,546
22 years$30,250$23,897$18,696$14,502$11,168$4,740
23 years$28,629$22,351$17,262$13,208$10,025$4,054
24 years$27,145$20,941$15,965$12,046$9,011$3,470
25 years$25,782$19,652$14,787$11,001$8,108$2,973
26 years$24,525$18,470$13,714$10,059$7,304$2,548
27 years$23,364$17,382$12,734$9,207$6,585$2,184
28 years$22,288$16,379$11,838$8,436$5,942$1,874
29 years$21,288$15,452$11,017$7,736$5,365$1,608
30 years$20,356$14,593$10,262$7,099$4,848$1,380
31 years$19,486$13,795$9,567$6,520$4,383$1,185
32 years$18,672$13,053$8,926$5,992$3,965$1,017
33 years$17,909$12,361$8,334$5,510$3,588$874
34 years$17,192$11,716$7,787$5,070$3,248$751
35 years$16,518$11,112$7,280$4,667$2,942$645
36 years$15,882$10,547$6,810$4,298$2,666$554
37 years$15,283$10,017$6,374$3,960$2,416$476
38 years$14,716$9,520$5,969$3,650$2,190$409
39 years$14,180$9,053$5,593$3,366$1,986$352
40 years$13,672$8,613$5,242$3,105$1,802$302
41 years$13,189$8,199$4,915$2,864$1,635$260
42 years$12,731$7,808$4,611$2,643$1,483$223
43 years$12,296$7,439$4,327$2,440$1,346$192
44 years$11,881$7,091$4,061$2,253$1,222$165
45 years$11,486$6,762$3,813$2,081$1,109$142
46 years$11,110$6,451$3,582$1,922$1,007$122
47 years$10,750$6,156$3,365$1,776$914$105
48 years$10,406$5,877$3,162$1,641$830$90
49 years$10,078$5,612$2,972$1,516$754$78
50 years$9,763$5,361$2,794$1,402$685$67

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 $6,993 every year, while hoping to spend $50,611 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: 49/40/11 Blend
79$10,000,000$10,000,000$10,000,000$10,000,000
80$11,027,213$10,497,213$10,342,213$11,534,331
81$12,098,139$10,957,727$10,634,828$12,343,581
82$13,276,604$11,439,110$10,935,548$13,216,228
83$14,573,521$11,942,330$11,244,594$14,162,951
84$16,000,920$12,468,404$11,562,187$15,190,696
85$17,572,052$13,018,394$11,888,558$16,307,092
86$19,301,519$13,593,413$12,223,942$17,520,516
87$21,205,410$14,194,626$12,568,581$18,840,174
88$23,301,456$14,823,257$12,922,722$20,276,180
89$25,609,190$15,480,582$13,286,619$21,839,648
90$28,150,140$16,167,943$13,660,533$23,542,795
91$30,948,024$16,886,742$14,044,731$25,399,046
92$34,028,978$17,638,449$14,439,486$27,423,163
93$37,421,805$18,424,603$14,845,079$29,631,377
94$41,158,239$19,246,818$15,261,799$32,041,533
95$45,273,250$20,106,784$15,689,940$34,673,257
96$49,805,374$21,006,268$16,129,806$37,548,135
97$54,797,073$21,947,127$16,581,705$40,689,909
98$60,295,140$22,931,301$17,045,958$44,124,698
99$66,351,136$23,960,826$17,522,889$47,881,234
100$73,021,878$25,037,834$18,012,832$51,991,130