Can I retire at age 80 with 10,600,000?

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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$875,338$867,541$859,934$852,509$845,259$824,490
2 years$433,336$425,265$417,444$409,860$402,504$381,709
3 years$286,021$277,916$270,114$262,601$255,365$235,192
4 years$212,378$204,297$196,574$189,189$182,129$162,734
5 years$168,204$160,172$152,549$145,316$138,451$119,889
6 years$138,764$130,792$123,282$116,210$109,552$91,840
7 years$117,743$109,839$102,448$95,543$89,095$72,236
8 years$101,985$94,152$86,884$80,148$73,913$57,899
9 years$89,736$81,977$74,833$68,269$62,245$47,064
10 years$79,942$72,258$65,241$58,848$53,036$38,669
11 years$71,933$64,327$57,438$51,216$45,613$32,040
12 years$65,265$57,737$50,974$44,923$39,527$26,726
13 years$59,627$52,177$45,542$39,660$34,468$22,413
14 years$54,798$47,428$40,920$35,206$30,215$18,879
15 years$50,617$43,326$36,945$31,398$26,603$15,960
16 years$46,962$39,751$33,496$28,113$23,512$13,533
17 years$43,741$36,609$30,480$25,259$20,848$11,503
18 years$40,880$33,828$27,824$22,764$18,537$9,799
19 years$38,324$31,352$25,472$20,569$16,522$8,362
20 years$36,026$29,134$23,377$18,629$14,758$7,146
21 years$33,950$27,137$21,502$16,907$13,207$6,115
22 years$32,065$25,331$19,818$15,373$11,838$5,238
23 years$30,346$23,692$18,298$14,000$10,626$4,491
24 years$28,773$22,198$16,923$12,769$9,551$3,853
25 years$27,328$20,831$15,674$11,661$8,595$3,308
26 years$25,997$19,578$14,537$10,662$7,742$2,842
27 years$24,766$18,425$13,499$9,760$6,980$2,443
28 years$23,625$17,362$12,549$8,942$6,298$2,101
29 years$22,565$16,379$11,678$8,200$5,687$1,807
30 years$21,577$15,468$10,877$7,525$5,139$1,555
31 years$20,655$14,623$10,141$6,912$4,646$1,338
32 years$19,792$13,836$9,461$6,352$4,202$1,152
33 years$18,983$13,103$8,834$5,841$3,803$992
34 years$18,223$12,419$8,254$5,374$3,443$854
35 years$17,509$11,779$7,717$4,947$3,119$736
36 years$16,835$11,180$7,219$4,556$2,826$634
37 years$16,200$10,618$6,757$4,198$2,561$546
38 years$15,599$10,091$6,328$3,869$2,322$470
39 years$15,031$9,596$5,928$3,568$2,106$405
40 years$14,492$9,130$5,556$3,291$1,910$349
41 years$13,981$8,690$5,210$3,036$1,733$301
42 years$13,495$8,277$4,887$2,802$1,572$259
43 years$13,034$7,886$4,586$2,587$1,427$224
44 years$12,594$7,517$4,305$2,388$1,295$193
45 years$12,176$7,168$4,042$2,206$1,176$166
46 years$11,776$6,838$3,796$2,037$1,068$143
47 years$11,395$6,526$3,567$1,882$969$123
48 years$11,031$6,230$3,352$1,739$880$106
49 years$10,683$5,949$3,150$1,607$800$92
50 years$10,349$5,683$2,962$1,486$726$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,600,000, adding $4,705 every year, while hoping to spend $39,719 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: 41/46/13 Blend
79$10,600,000$10,600,000$10,600,000$10,600,000
80$11,686,053$11,124,253$10,959,953$12,120,081
81$12,835,770$11,627,081$11,284,851$12,929,069
82$14,101,427$12,153,216$11,619,302$13,799,826
83$15,494,807$12,703,758$11,963,583$14,741,392
84$17,028,896$13,279,861$12,317,982$15,760,229
85$18,718,001$13,882,732$12,682,792$16,863,424
86$20,577,887$14,513,636$13,058,316$18,058,752
87$22,625,928$15,173,900$13,444,865$19,354,743
88$24,881,265$15,864,914$13,842,761$20,760,761
89$27,364,992$16,588,133$14,252,332$22,287,082
90$30,100,354$17,345,084$14,673,917$23,944,992
91$33,112,963$18,137,366$15,107,866$25,746,881
92$36,431,042$18,966,654$15,554,537$27,706,357
93$40,085,693$19,834,705$16,014,299$29,838,371
94$44,111,188$20,743,359$16,487,531$32,159,346
95$48,545,290$21,694,545$16,974,624$34,687,327
96$53,429,616$22,690,284$17,475,981$37,442,148
97$58,810,023$23,732,694$17,992,012$40,445,605
98$64,737,045$24,823,996$18,523,145$43,721,660
99$71,266,368$25,966,516$19,069,814$47,296,653
100$78,459,356$27,162,694$19,632,471$51,199,548