Can I retire at age 80 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$850,564$842,988$835,596$828,381$821,336$811,746
2 years$421,071$413,229$405,629$398,260$391,113$381,460
3 years$277,926$270,050$262,469$255,169$248,138$238,722
4 years$206,367$198,515$191,010$183,835$176,974$167,868
5 years$163,443$155,638$148,232$141,203$134,533$125,763
6 years$134,836$127,090$119,793$112,921$106,451$98,028
7 years$114,411$106,730$99,549$92,839$86,573$78,500
8 years$99,099$91,488$84,425$77,880$71,821$64,097
9 years$87,196$79,656$72,715$66,337$60,484$53,106
10 years$77,679$70,213$63,395$57,183$51,535$44,499
11 years$69,898$62,507$55,812$49,766$44,322$37,621
12 years$63,418$56,103$49,532$43,652$38,408$32,036
13 years$57,939$50,700$44,253$38,538$33,493$27,441
14 years$53,247$46,085$39,762$34,210$29,360$23,619
15 years$49,184$42,100$35,900$30,509$25,851$20,412
16 years$45,633$38,626$32,548$27,317$22,847$17,701
17 years$42,503$35,573$29,618$24,544$20,258$15,395
18 years$39,723$32,871$27,037$22,120$18,012$13,422
19 years$37,239$30,464$24,751$19,987$16,055$11,727
20 years$35,006$28,309$22,715$18,102$14,340$10,265
21 years$32,989$26,369$20,894$16,429$12,833$8,999
22 years$31,157$24,614$19,257$14,937$11,503$7,901
23 years$29,487$23,021$17,780$13,604$10,326$6,944
24 years$27,959$21,569$16,444$12,407$9,281$6,110
25 years$26,555$20,242$15,230$11,331$8,351$5,381
26 years$25,261$19,024$14,125$10,361$7,523$4,742
27 years$24,065$17,904$13,116$9,483$6,782$4,182
28 years$22,956$16,871$12,193$8,689$6,120$3,691
29 years$21,926$15,916$11,347$7,968$5,526$3,259
30 years$20,966$15,031$10,569$7,312$4,993$2,879
31 years$20,070$14,209$9,854$6,716$4,514$2,544
32 years$19,232$13,444$9,194$6,172$4,083$2,249
33 years$18,446$12,732$8,584$5,676$3,696$1,989
34 years$17,708$12,067$8,020$5,222$3,346$1,760
35 years$17,013$11,446$7,499$4,807$3,030$1,557
36 years$16,359$10,863$7,015$4,427$2,746$1,378
37 years$15,741$10,318$6,566$4,079$2,489$1,220
38 years$15,158$9,806$6,148$3,760$2,256$1,080
39 years$14,605$9,324$5,760$3,467$2,046$956
40 years$14,082$8,871$5,399$3,198$1,856$847
41 years$13,585$8,445$5,063$2,950$1,684$750
42 years$13,113$8,042$4,749$2,723$1,528$664
43 years$12,665$7,663$4,456$2,513$1,386$589
44 years$12,238$7,304$4,183$2,321$1,258$521
45 years$11,831$6,965$3,928$2,143$1,142$462
46 years$11,443$6,644$3,689$1,980$1,037$409
47 years$11,073$6,341$3,466$1,829$942$363
48 years$10,719$6,053$3,257$1,690$855$321
49 years$10,380$5,780$3,061$1,562$777$285
50 years$10,056$5,522$2,878$1,444$706$252

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,300,000, adding $4,480 every year, while hoping to spend $23,310 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: 37/42/21 Blend
79$10,300,000$10,300,000$10,300,000$10,300,000
80$11,355,221$10,809,321$10,649,671$11,703,398
81$12,488,652$11,314,176$10,981,633$12,461,942
82$13,736,912$11,842,988$11,323,935$13,278,234
83$15,111,688$12,396,906$11,676,898$14,159,489
84$16,625,860$12,977,134$12,040,854$15,111,560
85$18,293,620$13,584,936$12,416,146$16,140,865
86$20,130,608$14,221,636$12,803,125$17,254,441
87$22,154,055$14,888,622$13,202,155$18,460,006
88$24,382,954$15,587,349$13,613,612$19,766,024
89$26,838,229$16,319,343$14,037,882$21,181,785
90$29,542,941$17,086,204$14,475,364$22,717,482
91$32,522,501$17,889,608$14,926,469$24,384,305
92$35,804,911$18,731,314$15,391,620$26,194,537
93$39,421,028$19,613,164$15,871,255$28,161,667
94$43,404,855$20,537,091$16,365,825$30,300,510
95$47,793,864$21,505,122$16,875,793$32,627,336
96$52,629,345$22,519,380$17,401,639$35,160,023
97$57,956,801$23,582,092$17,943,857$37,918,212
98$63,826,375$24,695,595$18,502,956$40,923,486
99$70,293,321$25,862,335$19,079,461$44,199,570
100$77,418,531$27,084,881$19,673,914$47,772,538