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%15.7%
1 years$900,112$892,094$884,272$876,637$869,181$848,859
2 years$445,600$437,301$429,258$421,460$413,896$393,537
3 years$294,116$285,781$277,758$270,033$262,593$242,833
4 years$218,389$210,079$202,137$194,544$187,283$168,275
5 years$172,964$164,705$156,867$149,428$142,370$124,167
6 years$142,691$134,494$126,772$119,499$112,652$95,273
7 years$121,076$112,948$105,348$98,247$91,616$75,063
8 years$104,872$96,817$89,343$82,417$76,005$60,271
9 years$92,275$84,297$76,951$70,201$64,007$49,080
10 years$82,204$74,303$67,088$60,514$54,537$40,401
11 years$73,969$66,148$59,063$52,665$46,904$33,539
12 years$67,112$59,371$52,417$46,194$40,646$28,031
13 years$61,314$53,654$46,831$40,783$35,444$23,555
14 years$56,349$48,770$42,078$36,202$31,070$19,882
15 years$52,049$44,552$37,991$32,286$27,356$16,843
16 years$48,291$40,876$34,444$28,909$24,178$14,312
17 years$44,978$37,645$31,343$25,974$21,438$12,192
18 years$42,037$34,786$28,612$23,408$19,061$10,409
19 years$39,408$32,239$26,193$21,151$16,990$8,902
20 years$37,046$29,958$24,039$19,156$15,176$7,625
21 years$34,911$27,905$22,111$17,386$13,580$6,539
22 years$32,972$26,048$20,379$15,808$12,173$5,615
23 years$31,205$24,362$18,816$14,396$10,927$4,825
24 years$29,588$22,826$17,402$13,130$9,822$4,150
25 years$28,102$21,421$16,117$11,991$8,838$3,572
26 years$26,733$20,132$14,948$10,964$7,961$3,076
27 years$25,467$18,947$13,881$10,036$7,177$2,650
28 years$24,294$17,853$12,904$9,195$6,476$2,284
29 years$23,203$16,843$12,008$8,432$5,848$1,970
30 years$22,188$15,906$11,185$7,738$5,284$1,699
31 years$21,239$15,037$10,428$7,107$4,777$1,466
32 years$20,352$14,228$9,729$6,532$4,321$1,265
33 years$19,520$13,474$9,084$6,006$3,911$1,092
34 years$18,739$12,770$8,488$5,526$3,541$943
35 years$18,004$12,112$7,935$5,087$3,207$814
36 years$17,312$11,496$7,423$4,685$2,906$703
37 years$16,658$10,919$6,948$4,317$2,634$607
38 years$16,041$10,377$6,507$3,979$2,388$525
39 years$15,456$9,867$6,096$3,669$2,165$453
40 years$14,902$9,388$5,714$3,384$1,964$391
41 years$14,376$8,936$5,358$3,122$1,782$338
42 years$13,877$8,511$5,026$2,881$1,617$292
43 years$13,403$8,109$4,716$2,660$1,467$252
44 years$12,951$7,730$4,427$2,456$1,332$218
45 years$12,520$7,371$4,157$2,268$1,209$189
46 years$12,110$7,032$3,904$2,095$1,098$163
47 years$11,718$6,710$3,668$1,936$997$141
48 years$11,343$6,406$3,447$1,789$905$122
49 years$10,985$6,117$3,240$1,653$822$105
50 years$10,642$5,843$3,046$1,528$747$91

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 $6,038 every year, while hoping to spend $34,960 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: 51/34/15 Blend
79$10,900,000$10,900,000$10,900,000$10,900,000
80$12,018,028$11,440,328$11,271,378$12,581,566
81$13,206,670$11,963,707$11,611,772$13,492,245
82$14,515,381$12,511,560$11,962,398$14,477,606
83$15,956,373$13,085,049$12,323,561$15,548,091
84$17,543,099$13,685,392$12,695,576$16,711,745
85$19,290,384$14,313,866$13,078,767$17,977,405
86$21,214,567$14,971,809$13,473,469$19,354,782
87$23,333,648$15,660,623$13,880,026$20,854,548
88$25,667,464$16,381,777$14,298,790$22,488,429
89$28,237,873$17,136,812$14,730,128$24,269,317
90$31,068,963$17,927,342$15,174,413$26,211,382
91$34,187,274$18,755,059$15,632,033$28,330,206
92$37,622,056$19,621,737$16,103,386$30,642,920
93$41,405,537$20,529,233$16,588,881$33,168,365
94$45,573,233$21,479,497$17,088,940$35,927,262
95$50,164,281$22,474,570$17,603,997$38,942,401
96$55,221,806$23,516,593$18,134,500$42,238,854
97$60,793,334$24,607,810$18,680,909$45,844,202
98$66,931,233$25,750,571$19,243,699$49,788,789
99$73,693,212$26,947,343$19,823,356$54,106,005
100$81,142,865$28,200,708$20,420,385$58,832,590