Can I retire at age 80 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$867,080$859,357$851,821$844,466$837,285$806,935
2 years$429,248$421,253$413,506$405,993$398,707$368,464
3 years$283,323$275,294$267,565$260,124$252,956$223,770
4 years$210,374$202,370$194,719$187,405$180,410$152,503
5 years$166,617$158,661$151,110$143,945$137,145$110,591
6 years$137,455$129,558$122,119$115,114$108,518$83,336
7 years$116,633$108,803$101,482$94,641$88,254$64,438
8 years$101,023$93,264$86,065$79,392$73,216$50,744
9 years$88,889$81,203$74,127$67,625$61,658$40,502
10 years$79,187$71,577$64,626$58,293$52,536$32,658
11 years$71,255$63,720$56,896$50,732$45,183$26,541
12 years$64,649$57,192$50,493$44,499$39,154$21,703
13 years$59,064$51,685$45,113$39,286$34,143$17,835
14 years$54,281$46,980$40,534$34,874$29,930$14,714
15 years$50,139$42,917$36,597$31,101$26,353$12,178
16 years$46,519$39,376$33,180$27,848$23,290$10,106
17 years$43,328$36,264$30,193$25,021$20,651$8,404
18 years$40,494$33,509$27,562$22,549$18,362$7,001
19 years$37,962$31,056$25,232$20,375$16,366$5,840
20 years$35,686$28,859$23,156$18,453$14,619$4,878
21 years$33,630$26,881$21,299$16,748$13,082$4,079
22 years$31,762$25,092$19,631$15,227$11,726$3,413
23 years$30,060$23,468$18,125$13,868$10,526$2,858
24 years$28,502$21,988$16,763$12,648$9,461$2,394
25 years$27,071$20,635$15,526$11,551$8,514$2,007
26 years$25,752$19,393$14,399$10,562$7,669$1,683
27 years$24,532$18,251$13,371$9,668$6,914$1,412
28 years$23,402$17,198$12,430$8,858$6,239$1,185
29 years$22,352$16,225$11,567$8,123$5,633$994
30 years$21,373$15,322$10,775$7,454$5,090$835
31 years$20,460$14,485$10,045$6,846$4,602$701
32 years$19,605$13,706$9,372$6,292$4,163$589
33 years$18,804$12,979$8,751$5,786$3,767$494
34 years$18,051$12,301$8,176$5,324$3,411$415
35 years$17,344$11,668$7,644$4,901$3,089$349
36 years$16,676$11,074$7,151$4,513$2,799$293
37 years$16,047$10,518$6,693$4,158$2,537$246
38 years$15,452$9,996$6,268$3,833$2,300$207
39 years$14,889$9,505$5,872$3,534$2,086$174
40 years$14,355$9,043$5,504$3,260$1,892$146
41 years$13,849$8,608$5,161$3,008$1,716$123
42 years$13,368$8,198$4,841$2,776$1,557$103
43 years$12,911$7,811$4,543$2,562$1,413$87
44 years$12,475$7,446$4,264$2,366$1,283$73
45 years$12,061$7,100$4,004$2,185$1,165$61
46 years$11,665$6,773$3,761$2,018$1,057$51
47 years$11,288$6,464$3,533$1,865$960$43
48 years$10,927$6,171$3,320$1,723$872$36
49 years$10,582$5,893$3,121$1,592$792$30
50 years$10,252$5,629$2,934$1,472$719$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,500,000, adding $3,918 every year, while hoping to spend $29,438 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: 35/42/23 Blend
79$10,500,000$10,500,000$10,500,000$10,500,000
80$11,575,041$11,018,541$10,855,791$11,899,260
81$12,724,374$11,527,128$11,188,139$12,647,894
82$13,989,952$12,059,649$11,530,633$13,452,121
83$15,383,600$12,617,246$11,883,583$14,319,280
84$16,918,352$13,201,115$12,247,307$15,255,001
85$18,608,565$13,812,511$12,622,133$16,265,452
86$20,470,063$14,452,748$13,008,399$17,357,397
87$22,520,281$15,123,205$13,406,452$18,538,249
88$24,778,434$15,825,325$13,816,652$19,816,141
89$27,265,692$16,560,624$14,239,368$21,199,995
90$30,005,386$17,330,688$14,674,980$22,699,597
91$33,023,224$18,137,181$15,123,881$24,325,692
92$36,347,537$18,981,846$15,586,475$26,090,069
93$40,009,541$19,866,513$16,063,177$28,005,674
94$44,043,639$20,793,096$16,554,418$30,086,721
95$48,487,738$21,763,606$17,060,639$32,348,823
96$53,383,612$22,780,147$17,582,295$34,809,127
97$58,777,294$23,844,928$18,119,856$37,486,473
98$64,719,511$24,960,263$18,673,804$40,401,560
99$71,266,163$26,128,577$19,244,638$43,577,137
100$78,478,848$27,352,415$19,832,870$47,038,204