Can I retire at age 80 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$900,112$892,094$884,272$876,637$869,181$838,342
2 years$445,600$437,301$429,258$421,460$413,896$383,154
3 years$294,116$285,781$277,758$270,033$262,593$232,915
4 years$218,389$210,079$202,137$194,544$187,283$158,897
5 years$172,964$164,705$156,867$149,428$142,370$115,348
6 years$142,691$134,494$126,772$119,499$112,652$87,017
7 years$121,076$112,948$105,348$98,247$91,616$67,361
8 years$104,872$96,817$89,343$82,417$76,005$53,109
9 years$92,275$84,297$76,951$70,201$64,007$42,441
10 years$82,204$74,303$67,088$60,514$54,537$34,265
11 years$73,969$66,148$59,063$52,665$46,904$27,883
12 years$67,112$59,371$52,417$46,194$40,646$22,832
13 years$61,314$53,654$46,831$40,783$35,444$18,788
14 years$56,349$48,770$42,078$36,202$31,070$15,522
15 years$52,049$44,552$37,991$32,286$27,356$12,865
16 years$48,291$40,876$34,444$28,909$24,178$10,691
17 years$44,978$37,645$31,343$25,974$21,438$8,904
18 years$42,037$34,786$28,612$23,408$19,061$7,428
19 years$39,408$32,239$26,193$21,151$16,990$6,206
20 years$37,046$29,958$24,039$19,156$15,176$5,192
21 years$34,911$27,905$22,111$17,386$13,580$4,348
22 years$32,972$26,048$20,379$15,808$12,173$3,644
23 years$31,205$24,362$18,816$14,396$10,927$3,056
24 years$29,588$22,826$17,402$13,130$9,822$2,564
25 years$28,102$21,421$16,117$11,991$8,838$2,153
26 years$26,733$20,132$14,948$10,964$7,961$1,808
27 years$25,467$18,947$13,881$10,036$7,177$1,520
28 years$24,294$17,853$12,904$9,195$6,476$1,277
29 years$23,203$16,843$12,008$8,432$5,848$1,074
30 years$22,188$15,906$11,185$7,738$5,284$903
31 years$21,239$15,037$10,428$7,107$4,777$759
32 years$20,352$14,228$9,729$6,532$4,321$639
33 years$19,520$13,474$9,084$6,006$3,911$537
34 years$18,739$12,770$8,488$5,526$3,541$452
35 years$18,004$12,112$7,935$5,087$3,207$380
36 years$17,312$11,496$7,423$4,685$2,906$320
37 years$16,658$10,919$6,948$4,317$2,634$269
38 years$16,041$10,377$6,507$3,979$2,388$227
39 years$15,456$9,867$6,096$3,669$2,165$191
40 years$14,902$9,388$5,714$3,384$1,964$160
41 years$14,376$8,936$5,358$3,122$1,782$135
42 years$13,877$8,511$5,026$2,881$1,617$114
43 years$13,403$8,109$4,716$2,660$1,467$96
44 years$12,951$7,730$4,427$2,456$1,332$81
45 years$12,520$7,371$4,157$2,268$1,209$68
46 years$12,110$7,032$3,904$2,095$1,098$57
47 years$11,718$6,710$3,668$1,936$997$48
48 years$11,343$6,406$3,447$1,789$905$40
49 years$10,985$6,117$3,240$1,653$822$34
50 years$10,642$5,843$3,046$1,528$747$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,900,000, adding $2,928 every year, while hoping to spend $45,252 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: 45/50/5 Blend
79$10,900,000$10,900,000$10,900,000$10,900,000
80$12,014,820$11,437,120$11,268,170$12,538,984
81$13,192,184$11,949,391$11,597,506$13,412,231
82$14,488,122$12,485,247$11,936,358$14,353,563
83$15,914,682$13,045,795$12,284,997$15,373,130
84$17,485,137$13,632,197$12,643,702$16,478,139
85$19,214,114$14,245,667$13,012,759$17,676,495
86$21,117,730$14,887,481$13,392,462$18,976,874
87$23,213,743$15,558,972$13,783,115$20,388,798
88$25,521,723$16,261,540$14,185,027$21,922,723
89$28,063,232$16,996,649$14,598,519$23,590,125
90$30,862,031$17,765,835$15,023,919$25,403,610
91$33,944,303$18,570,705$15,461,566$27,377,024
92$37,338,899$19,412,947$15,911,805$29,525,574
93$41,077,610$20,294,325$16,374,994$31,865,973
94$45,195,470$21,216,690$16,851,499$34,416,582
95$49,731,081$22,181,981$17,341,697$37,197,581
96$54,726,983$23,192,229$17,845,976$40,231,152
97$60,230,052$24,249,566$18,364,733$43,541,677
98$66,291,943$25,356,220$18,898,377$47,155,965
99$72,969,577$26,514,531$19,447,329$51,103,490
100$80,325,680$27,726,949$20,012,020$55,416,666