Can I retire at age 80 with 10,800,000?

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 $10,800,000?

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$891,854$883,910$876,159$868,594$861,207$840,047
2 years$441,512$433,289$425,320$417,593$410,099$388,911
3 years$291,417$283,159$275,210$267,556$260,183$239,630
4 years$216,385$208,152$200,283$192,759$185,565$165,804
5 years$171,377$163,194$155,427$148,057$141,064$122,151
6 years$141,382$133,260$125,608$118,403$111,619$93,573
7 years$119,965$111,911$104,381$97,345$90,776$73,599
8 years$103,910$95,929$88,524$81,661$75,307$58,992
9 years$91,429$83,523$76,245$69,557$63,420$47,952
10 years$81,450$73,622$66,472$59,959$54,037$39,399
11 years$73,291$65,541$58,521$52,182$46,473$32,645
12 years$66,496$58,826$51,936$45,771$40,273$27,230
13 years$60,752$53,162$46,401$40,409$35,119$22,836
14 years$55,832$48,322$41,692$35,870$30,785$19,235
15 years$51,572$44,143$37,642$31,990$27,105$16,261
16 years$47,848$40,501$34,128$28,644$23,956$13,788
17 years$44,566$37,300$31,055$25,736$21,241$11,721
18 years$41,651$34,467$28,349$23,193$18,886$9,984
19 years$39,047$31,943$25,953$20,957$16,834$8,519
20 years$36,706$29,683$23,818$18,981$15,036$7,281
21 years$34,590$27,649$21,908$17,226$13,456$6,230
22 years$32,670$25,809$20,192$15,663$12,061$5,337
23 years$30,919$24,139$18,643$14,264$10,827$4,575
24 years$29,316$22,616$17,242$13,010$9,731$3,926
25 years$27,844$21,224$15,970$11,881$8,757$3,371
26 years$26,487$19,948$14,811$10,864$7,888$2,896
27 years$25,233$18,773$13,753$9,944$7,112$2,489
28 years$24,071$17,690$12,785$9,111$6,417$2,140
29 years$22,991$16,688$11,898$8,355$5,794$1,841
30 years$21,984$15,760$11,082$7,667$5,235$1,584
31 years$21,044$14,899$10,332$7,042$4,733$1,363
32 years$20,165$14,097$9,640$6,472$4,282$1,174
33 years$19,341$13,350$9,001$5,951$3,875$1,011
34 years$18,567$12,653$8,410$5,476$3,508$870
35 years$17,839$12,001$7,863$5,041$3,178$750
36 years$17,153$11,391$7,355$4,642$2,879$646
37 years$16,505$10,819$6,884$4,277$2,609$556
38 years$15,893$10,282$6,447$3,942$2,366$479
39 years$15,314$9,777$6,040$3,635$2,145$413
40 years$14,765$9,302$5,661$3,353$1,946$356
41 years$14,245$8,854$5,309$3,093$1,765$307
42 years$13,750$8,433$4,980$2,855$1,602$264
43 years$13,280$8,035$4,673$2,635$1,454$228
44 years$12,832$7,659$4,386$2,433$1,320$196
45 years$12,405$7,303$4,118$2,247$1,198$169
46 years$11,998$6,967$3,868$2,076$1,088$146
47 years$11,610$6,649$3,634$1,918$988$126
48 years$11,239$6,347$3,415$1,772$897$108
49 years$10,884$6,061$3,210$1,638$815$93
50 years$10,545$5,790$3,018$1,514$740$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,800,000, adding $3,241 every year, while hoping to spend $56,926 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: 52/30/18 Blend
79$10,800,000$10,800,000$10,800,000$10,800,000
80$11,904,943$11,332,543$11,165,143$12,465,165
81$13,058,678$11,827,269$11,478,607$13,345,020
82$14,328,187$12,344,328$11,800,663$14,295,271
83$15,725,217$12,884,756$12,131,541$15,327,596
84$17,262,715$13,449,634$12,471,472$16,449,798
85$18,954,943$14,040,097$12,820,698$17,670,452
86$20,817,618$14,657,333$13,179,463$18,998,984
87$22,868,059$15,302,586$13,548,018$20,445,756
88$25,125,346$15,977,158$13,926,622$22,022,161
89$27,610,506$16,682,414$14,315,539$23,740,726
90$30,346,707$17,419,781$14,715,039$25,615,228
91$33,359,479$18,190,758$15,125,400$27,660,818
92$36,676,951$18,996,911$15,546,906$29,894,164
93$40,330,122$19,839,882$15,979,850$32,333,598
94$44,353,149$20,721,390$16,424,529$34,999,292
95$48,783,668$21,643,236$16,881,249$37,913,436
96$53,663,156$22,607,308$17,350,324$41,100,450
97$59,037,313$23,615,581$17,832,075$44,587,205
98$64,956,500$24,670,126$18,326,831$48,403,272
99$71,476,212$25,773,111$18,834,929$52,581,197
100$78,657,601$26,926,808$19,356,714$57,156,802