Can I retire at age 80 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$883,596$875,725$868,047$860,552$853,233$833,283
2 years$437,424$429,277$421,382$413,727$406,301$386,316
3 years$288,719$280,537$272,662$265,079$257,774$238,377
4 years$214,381$206,225$198,428$190,974$183,847$165,188
5 years$169,790$161,683$153,988$146,687$139,757$121,888
6 years$140,073$132,026$124,445$117,306$110,585$93,525
7 years$118,854$110,875$103,415$96,444$89,935$73,686
8 years$102,948$95,041$87,704$80,905$74,610$59,165
9 years$90,582$82,750$75,539$68,913$62,833$48,180
10 years$80,696$72,940$65,857$59,403$53,536$39,660
11 years$72,612$64,934$57,979$51,699$46,043$32,924
12 years$65,881$58,281$51,455$45,347$39,900$27,517
13 years$60,189$52,669$45,972$40,034$34,794$23,123
14 years$55,315$47,875$41,306$35,538$30,500$19,517
15 years$51,094$43,735$37,294$31,694$26,854$16,534
16 years$47,405$40,126$33,812$28,378$23,734$14,049
17 years$44,153$36,954$30,768$25,498$21,044$11,969
18 years$41,266$34,147$28,087$22,979$18,712$10,218
19 years$38,685$31,648$25,712$20,763$16,678$8,739
20 years$36,366$29,408$23,597$18,805$14,897$7,485
21 years$34,270$27,393$21,705$17,067$13,331$6,419
22 years$32,367$25,570$20,005$15,518$11,950$5,512
23 years$30,633$23,915$18,471$14,132$10,727$4,737
24 years$29,045$22,407$17,082$12,889$9,641$4,074
25 years$27,586$21,028$15,822$11,771$8,676$3,506
26 years$26,242$19,763$14,674$10,763$7,815$3,019
27 years$25,000$18,599$13,626$9,852$7,046$2,602
28 years$23,848$17,526$12,667$9,026$6,357$2,243
29 years$22,778$16,534$11,788$8,277$5,741$1,934
30 years$21,781$15,614$10,980$7,596$5,187$1,668
31 years$20,850$14,761$10,236$6,977$4,690$1,439
32 years$19,979$13,967$9,551$6,412$4,242$1,242
33 years$19,162$13,227$8,917$5,896$3,839$1,072
34 years$18,395$12,536$8,332$5,425$3,476$926
35 years$17,674$11,890$7,790$4,994$3,148$799
36 years$16,994$11,285$7,287$4,599$2,852$690
37 years$16,353$10,718$6,821$4,238$2,585$596
38 years$15,746$10,186$6,387$3,906$2,344$515
39 years$15,172$9,686$5,984$3,602$2,125$445
40 years$14,629$9,216$5,609$3,322$1,928$384
41 years$14,113$8,772$5,259$3,065$1,749$332
42 years$13,623$8,355$4,933$2,828$1,587$287
43 years$13,157$7,960$4,629$2,611$1,440$248
44 years$12,713$7,588$4,345$2,411$1,307$214
45 years$12,290$7,236$4,080$2,226$1,187$185
46 years$11,887$6,903$3,832$2,057$1,078$160
47 years$11,503$6,587$3,600$1,900$979$138
48 years$11,135$6,288$3,383$1,756$889$119
49 years$10,783$6,005$3,180$1,623$807$103
50 years$10,447$5,736$2,990$1,500$733$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,700,000, adding $2,170 every year, while hoping to spend $47,146 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: 66/29/5 Blend
79$10,700,000$10,700,000$10,700,000$10,700,000
80$11,793,638$11,226,538$11,060,688$12,564,349
81$12,946,426$11,726,476$11,381,058$13,575,796
82$14,215,219$12,249,330$11,710,581$14,674,831
83$15,611,798$12,796,174$12,049,512$15,874,597
84$17,149,147$13,368,132$12,398,117$17,184,891
85$18,841,572$13,966,382$12,756,665$18,616,491
86$20,704,835$14,592,158$13,125,436$20,181,252
87$22,756,306$15,246,751$13,504,716$21,892,214
88$25,015,123$15,931,516$13,894,798$23,763,725
89$27,502,376$16,647,871$14,295,984$25,811,571
90$30,241,305$17,397,303$14,708,586$28,053,123
91$33,257,515$18,181,367$15,132,920$30,507,494
92$36,579,223$19,001,697$15,569,315$33,195,722
93$40,237,524$19,860,000$16,018,107$36,140,958
94$44,266,678$20,758,067$16,479,641$39,368,684
95$48,704,442$21,697,774$16,954,271$42,906,950
96$53,592,418$22,681,088$17,442,362$46,786,631
97$58,976,451$23,710,068$17,944,288$51,041,719
98$64,907,061$24,786,873$18,460,433$55,709,632
99$71,439,915$25,913,764$18,991,192$60,831,569
100$78,636,359$27,093,111$19,536,970$66,452,889