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

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$842,306$834,804$827,484$820,339$813,362$809,254
2 years$416,983$409,217$401,691$394,394$387,315$383,170
3 years$275,228$267,428$259,921$252,692$245,729$241,674
4 years$204,364$196,588$189,156$182,050$175,256$171,322
5 years$161,856$154,127$146,793$139,832$133,227$129,426
6 years$133,527$125,857$118,630$111,825$105,418$101,756
7 years$113,300$105,694$98,582$91,937$85,733$82,211
8 years$98,137$90,599$83,606$77,124$71,124$67,742
9 years$86,349$78,883$72,009$65,692$59,896$56,654
10 years$76,925$69,532$62,779$56,628$51,035$47,930
11 years$69,219$61,900$55,270$49,283$43,892$40,923
12 years$62,802$55,558$49,051$43,228$38,036$35,201
13 years$57,377$50,208$43,824$38,164$33,168$30,464
14 years$52,730$45,638$39,376$33,877$29,075$26,498
15 years$48,707$41,691$35,551$30,213$25,600$23,148
16 years$45,190$38,251$32,232$27,052$22,625$20,294
17 years$42,090$35,227$29,330$24,306$20,061$17,848
18 years$39,337$32,552$26,775$21,905$17,837$15,738
19 years$36,878$30,169$24,511$19,793$15,899$13,910
20 years$34,667$28,034$22,495$17,926$14,201$12,318
21 years$32,669$26,113$20,691$16,269$12,708$10,928
22 years$30,855$24,375$19,070$14,792$11,391$9,709
23 years$29,201$22,798$17,608$13,472$10,225$8,638
24 years$27,688$21,360$16,284$12,287$9,191$7,694
25 years$26,297$20,045$15,082$11,221$8,270$6,861
26 years$25,016$18,839$13,988$10,260$7,450$6,123
27 years$23,831$17,730$12,989$9,391$6,716$5,469
28 years$22,734$16,707$12,075$8,604$6,060$4,889
29 years$21,713$15,761$11,237$7,890$5,472$4,372
30 years$20,763$14,885$10,467$7,241$4,945$3,913
31 years$19,875$14,071$9,758$6,651$4,470$3,504
32 years$19,045$13,314$9,104$6,112$4,044$3,139
33 years$18,267$12,609$8,501$5,621$3,660$2,813
34 years$17,536$11,950$7,943$5,172$3,313$2,521
35 years$16,848$11,334$7,426$4,761$3,001$2,261
36 years$16,200$10,758$6,947$4,384$2,719$2,028
37 years$15,588$10,218$6,502$4,040$2,464$1,820
38 years$15,010$9,710$6,089$3,723$2,234$1,633
39 years$14,463$9,234$5,704$3,433$2,026$1,466
40 years$13,945$8,785$5,347$3,167$1,838$1,316
41 years$13,453$8,363$5,014$2,922$1,667$1,182
42 years$12,986$7,964$4,703$2,696$1,513$1,062
43 years$12,542$7,588$4,413$2,489$1,373$954
44 years$12,119$7,233$4,142$2,298$1,246$857
45 years$11,716$6,898$3,890$2,122$1,131$770
46 years$11,332$6,580$3,653$1,961$1,027$691
47 years$10,965$6,279$3,432$1,811$933$621
48 years$10,615$5,994$3,225$1,674$847$558
49 years$10,279$5,724$3,032$1,547$769$502
50 years$9,959$5,468$2,850$1,430$699$451

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 $3,618 every year, while hoping to spend $34,263 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: 28/46/26 Blend
79$10,200,000$10,200,000$10,200,000$10,200,000
80$11,244,132$10,703,532$10,545,432$11,467,811
81$12,354,578$11,191,549$10,862,248$12,133,474
82$13,577,141$11,702,331$11,188,530$12,844,925
83$14,923,221$12,236,957$11,524,557$13,608,614
84$16,405,379$12,796,558$11,870,619$14,429,042
85$18,037,457$13,382,319$12,227,015$15,311,131
86$19,834,707$13,995,482$12,594,049$16,260,270
87$21,813,936$14,637,349$12,972,038$17,282,357
88$23,993,662$15,309,284$13,361,306$18,383,852
89$26,394,294$16,012,717$13,762,189$19,571,832
90$29,038,319$16,749,147$14,175,029$20,854,051
91$31,950,516$17,520,144$14,600,181$22,239,009
92$35,158,191$18,327,354$15,038,009$23,736,023
93$38,691,434$19,172,501$15,488,890$25,355,311
94$42,583,402$20,057,395$15,953,209$27,108,080
95$46,870,632$20,983,930$16,431,365$29,006,626
96$51,593,386$21,954,093$16,923,765$31,064,440
97$56,796,033$22,969,965$17,430,833$33,296,331
98$62,527,463$24,033,728$17,953,001$35,718,554
99$68,841,554$25,147,671$18,490,716$38,348,958
100$75,797,676$26,314,189$19,044,438$41,207,141