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

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$900,112$892,094$884,272$876,637$869,181$841,358
2 years$445,600$437,301$429,258$421,460$413,896$386,121
3 years$294,116$285,781$277,758$270,033$262,593$235,738
4 years$218,389$210,079$202,137$194,544$187,283$161,554
5 years$172,964$164,705$156,867$149,428$142,370$117,835
6 years$142,691$134,494$126,772$119,499$112,652$89,333
7 years$121,076$112,948$105,348$98,247$91,616$69,510
8 years$104,872$96,817$89,343$82,417$76,005$55,096
9 years$92,275$84,297$76,951$70,201$64,007$44,272
10 years$82,204$74,303$67,088$60,514$54,537$35,946
11 years$73,969$66,148$59,063$52,665$46,904$29,423
12 years$67,112$59,371$52,417$46,194$40,646$24,237
13 years$61,314$53,654$46,831$40,783$35,444$20,067
14 years$56,349$48,770$42,078$36,202$31,070$16,683
15 years$52,049$44,552$37,991$32,286$27,356$13,916
16 years$48,291$40,876$34,444$28,909$24,178$11,640
17 years$44,978$37,645$31,343$25,974$21,438$9,758
18 years$42,037$34,786$28,612$23,408$19,061$8,196
19 years$39,408$32,239$26,193$21,151$16,990$6,895
20 years$37,046$29,958$24,039$19,156$15,176$5,808
21 years$34,911$27,905$22,111$17,386$13,580$4,897
22 years$32,972$26,048$20,379$15,808$12,173$4,133
23 years$31,205$24,362$18,816$14,396$10,927$3,491
24 years$29,588$22,826$17,402$13,130$9,822$2,951
25 years$28,102$21,421$16,117$11,991$8,838$2,495
26 years$26,733$20,132$14,948$10,964$7,961$2,111
27 years$25,467$18,947$13,881$10,036$7,177$1,787
28 years$24,294$17,853$12,904$9,195$6,476$1,513
29 years$23,203$16,843$12,008$8,432$5,848$1,281
30 years$22,188$15,906$11,185$7,738$5,284$1,085
31 years$21,239$15,037$10,428$7,107$4,777$919
32 years$20,352$14,228$9,729$6,532$4,321$779
33 years$19,520$13,474$9,084$6,006$3,911$660
34 years$18,739$12,770$8,488$5,526$3,541$560
35 years$18,004$12,112$7,935$5,087$3,207$474
36 years$17,312$11,496$7,423$4,685$2,906$402
37 years$16,658$10,919$6,948$4,317$2,634$341
38 years$16,041$10,377$6,507$3,979$2,388$289
39 years$15,456$9,867$6,096$3,669$2,165$245
40 years$14,902$9,388$5,714$3,384$1,964$208
41 years$14,376$8,936$5,358$3,122$1,782$176
42 years$13,877$8,511$5,026$2,881$1,617$150
43 years$13,403$8,109$4,716$2,660$1,467$127
44 years$12,951$7,730$4,427$2,456$1,332$108
45 years$12,520$7,371$4,157$2,268$1,209$91
46 years$12,110$7,032$3,904$2,095$1,098$77
47 years$11,718$6,710$3,668$1,936$997$66
48 years$11,343$6,406$3,447$1,789$905$56
49 years$10,985$6,117$3,240$1,653$822$47
50 years$10,642$5,843$3,046$1,528$747$40

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 $3,954 every year, while hoping to spend $36,157 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: 49/40/11 Blend
79$10,900,000$10,900,000$10,900,000$10,900,000
80$12,015,879$11,438,179$11,269,229$12,568,637
81$13,203,027$11,960,179$11,608,277$13,470,367
82$14,510,054$12,506,545$11,957,472$14,445,177
83$15,949,146$13,078,433$12,317,114$15,503,201
84$17,533,737$13,677,054$12,687,516$16,652,233
85$19,278,627$14,303,678$13,068,995$17,900,836
86$21,200,123$14,959,634$13,461,883$19,258,410
87$23,316,196$15,646,317$13,866,517$20,735,284
88$25,646,650$16,365,188$14,283,247$22,342,804
89$28,213,304$17,117,778$14,712,431$24,093,434
90$31,040,203$17,905,692$15,154,440$26,000,876
91$34,153,845$18,730,611$15,609,655$28,080,185
92$37,583,425$19,594,299$16,078,466$30,347,911
93$41,361,118$20,498,604$16,561,279$32,822,249
94$45,522,377$21,445,461$17,058,507$35,523,203
95$50,106,272$22,436,900$17,570,579$38,472,770
96$55,155,852$23,475,049$18,097,934$41,695,140
97$60,718,561$24,562,138$18,641,026$45,216,916
98$66,846,675$25,700,504$19,200,322$49,067,363
99$73,597,804$26,892,596$19,776,300$53,278,670
100$81,035,430$28,140,984$20,369,456$57,886,251