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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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.
1 years$850,564$842,988$835,596$828,381$821,336$797,923
2 years$421,071$413,229$405,629$398,260$391,113$367,707
3 years$277,926$270,050$262,469$255,169$248,138$225,472
4 years$206,367$198,515$191,010$183,835$176,974$155,223
5 years$163,443$155,638$148,232$141,203$134,533$113,755
6 years$134,836$127,090$119,793$112,921$106,451$86,666
7 years$114,411$106,730$99,549$92,839$86,573$67,781
8 years$99,099$91,488$84,425$77,880$71,821$54,011
9 years$87,196$79,656$72,715$66,337$60,484$43,639
10 years$77,679$70,213$63,395$57,183$51,535$35,633
11 years$69,898$62,507$55,812$49,766$44,322$29,335
12 years$63,418$56,103$49,532$43,652$38,408$24,309
13 years$57,939$50,700$44,253$38,538$33,493$20,250
14 years$53,247$46,085$39,762$34,210$29,360$16,940
15 years$49,184$42,100$35,900$30,509$25,851$14,221
16 years$45,633$38,626$32,548$27,317$22,847$11,972
17 years$42,503$35,573$29,618$24,544$20,258$10,103
18 years$39,723$32,871$27,037$22,120$18,012$8,543
19 years$37,239$30,464$24,751$19,987$16,055$7,235
20 years$35,006$28,309$22,715$18,102$14,340$6,136
21 years$32,989$26,369$20,894$16,429$12,833$5,210
22 years$31,157$24,614$19,257$14,937$11,503$4,429
23 years$29,487$23,021$17,780$13,604$10,326$3,767
24 years$27,959$21,569$16,444$12,407$9,281$3,207
25 years$26,555$20,242$15,230$11,331$8,351$2,732
26 years$25,261$19,024$14,125$10,361$7,523$2,328
27 years$24,065$17,904$13,116$9,483$6,782$1,985
28 years$22,956$16,871$12,193$8,689$6,120$1,693
29 years$21,926$15,916$11,347$7,968$5,526$1,444
30 years$20,966$15,031$10,569$7,312$4,993$1,232
31 years$20,070$14,209$9,854$6,716$4,514$1,052
32 years$19,232$13,444$9,194$6,172$4,083$898
33 years$18,446$12,732$8,584$5,676$3,696$767
34 years$17,708$12,067$8,020$5,222$3,346$655
35 years$17,013$11,446$7,499$4,807$3,030$559
36 years$16,359$10,863$7,015$4,427$2,746$478
37 years$15,741$10,318$6,566$4,079$2,489$408
38 years$15,158$9,806$6,148$3,760$2,256$349
39 years$14,605$9,324$5,760$3,467$2,046$298
40 years$14,082$8,871$5,399$3,198$1,856$255
41 years$13,585$8,445$5,063$2,950$1,684$218
42 years$13,113$8,042$4,749$2,723$1,528$186
43 years$12,665$7,663$4,456$2,513$1,386$159
44 years$12,238$7,304$4,183$2,321$1,258$136
45 years$11,831$6,965$3,928$2,143$1,142$116
46 years$11,443$6,644$3,689$1,980$1,037$99
47 years$11,073$6,341$3,466$1,829$942$85
48 years$10,719$6,053$3,257$1,690$855$72
49 years$10,380$5,780$3,061$1,562$777$62
50 years$10,056$5,522$2,878$1,444$706$53

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 $6,745 every year, while hoping to spend $45,208 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: 37/50/13 Blend