Can I retire at age 80 with 10,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$842,306$834,804$827,484$820,339$813,362$798,902
2 years$416,983$409,217$401,691$394,394$387,315$372,796
3 years$275,228$267,428$259,921$252,692$245,729$231,603
4 years$204,364$196,588$189,156$182,050$175,256$161,632
5 years$161,856$154,127$146,793$139,832$133,227$120,144
6 years$133,527$125,857$118,630$111,825$105,418$92,891
7 years$113,300$105,694$98,582$91,937$85,733$73,766
8 years$98,137$90,599$83,606$77,124$71,124$59,713
9 years$86,349$78,883$72,009$65,692$59,896$49,036
10 years$76,925$69,532$62,779$56,628$51,035$40,715
11 years$69,219$61,900$55,270$49,283$43,892$34,100
12 years$62,802$55,558$49,051$43,228$38,036$28,760
13 years$57,377$50,208$43,824$38,164$33,168$24,394
14 years$52,730$45,638$39,376$33,877$29,075$20,786
15 years$48,707$41,691$35,551$30,213$25,600$17,781
16 years$45,190$38,251$32,232$27,052$22,625$15,259
17 years$42,090$35,227$29,330$24,306$20,061$13,131
18 years$39,337$32,552$26,775$21,905$17,837$11,325
19 years$36,878$30,169$24,511$19,793$15,899$9,787
20 years$34,667$28,034$22,495$17,926$14,201$8,472
21 years$32,669$26,113$20,691$16,269$12,708$7,344
22 years$30,855$24,375$19,070$14,792$11,391$6,374
23 years$29,201$22,798$17,608$13,472$10,225$5,538
24 years$27,688$21,360$16,284$12,287$9,191$4,816
25 years$26,297$20,045$15,082$11,221$8,270$4,191
26 years$25,016$18,839$13,988$10,260$7,450$3,650
27 years$23,831$17,730$12,989$9,391$6,716$3,181
28 years$22,734$16,707$12,075$8,604$6,060$2,773
29 years$21,713$15,761$11,237$7,890$5,472$2,419
30 years$20,763$14,885$10,467$7,241$4,945$2,111
31 years$19,875$14,071$9,758$6,651$4,470$1,842
32 years$19,045$13,314$9,104$6,112$4,044$1,609
33 years$18,267$12,609$8,501$5,621$3,660$1,405
34 years$17,536$11,950$7,943$5,172$3,313$1,227
35 years$16,848$11,334$7,426$4,761$3,001$1,072
36 years$16,200$10,758$6,947$4,384$2,719$937
37 years$15,588$10,218$6,502$4,040$2,464$819
38 years$15,010$9,710$6,089$3,723$2,234$716
39 years$14,463$9,234$5,704$3,433$2,026$626
40 years$13,945$8,785$5,347$3,167$1,838$547
41 years$13,453$8,363$5,014$2,922$1,667$478
42 years$12,986$7,964$4,703$2,696$1,513$418
43 years$12,542$7,588$4,413$2,489$1,373$366
44 years$12,119$7,233$4,142$2,298$1,246$320
45 years$11,716$6,898$3,890$2,122$1,131$280
46 years$11,332$6,580$3,653$1,961$1,027$245
47 years$10,965$6,279$3,432$1,811$933$214
48 years$10,615$5,994$3,225$1,674$847$187
49 years$10,279$5,724$3,032$1,547$769$164
50 years$9,959$5,468$2,850$1,430$699$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,200,000, adding $5,841 every year, while hoping to spend $58,602 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
79$10,200,000$10,200,000$10,200,000$10,200,000
80$11,246,425$10,705,825$10,547,725$11,621,063
81$12,331,208$11,168,058$10,838,722$12,352,636
82$13,524,675$11,650,977$11,137,503$13,137,130
83$14,837,850$12,155,533$11,444,267$13,984,176
84$16,282,879$12,682,722$11,759,218$14,899,474
85$17,873,145$13,233,588$12,082,564$15,889,277
86$19,623,395$13,809,223$12,414,519$16,960,445
87$21,549,877$14,410,770$12,755,301$18,120,509
88$23,670,494$15,039,427$13,105,133$19,377,734
89$26,004,973$15,696,449$13,464,245$20,741,197
90$28,575,053$16,383,147$13,832,869$22,220,864
91$31,404,684$17,100,897$14,211,246$23,827,683
92$34,520,259$17,851,138$14,599,620$25,573,678
93$37,950,860$18,635,379$14,998,242$27,472,062
94$41,728,533$19,455,197$15,407,368$29,537,354
95$45,888,589$20,312,248$15,827,261$31,785,510
96$50,469,939$21,208,261$16,258,187$34,234,070
97$55,515,459$22,145,052$16,700,423$36,902,313
98$61,072,396$23,124,520$17,154,247$39,811,438
99$67,192,812$24,148,654$17,619,947$42,984,753
100$73,934,079$25,219,538$18,097,815$46,447,890