Can I retire at age 80 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$908,370$900,278$892,384$884,679$877,155$868,718
2 years$449,688$441,313$433,196$425,327$417,693$409,194
3 years$296,814$288,403$280,307$272,511$265,002$256,704
4 years$220,392$212,007$203,991$196,329$189,001$180,969
5 years$174,551$166,216$158,306$150,799$143,676$135,932
6 years$144,000$135,728$127,935$120,595$113,686$106,241
7 years$122,187$113,984$106,314$99,148$92,457$85,314
8 years$105,834$97,705$90,163$83,173$76,702$69,860
9 years$93,122$85,070$77,657$70,845$64,594$58,051
10 years$82,958$74,985$67,703$61,069$55,037$48,790
11 years$74,648$66,755$59,605$53,148$47,334$41,377
12 years$67,728$59,915$52,898$46,618$41,019$35,346
13 years$61,877$54,146$47,261$41,157$35,769$30,374
14 years$56,866$49,217$42,464$36,534$31,355$26,230
15 years$52,527$44,961$38,339$32,582$27,607$22,746
16 years$48,734$41,251$34,760$29,174$24,400$19,793
17 years$45,391$37,990$31,630$26,213$21,634$17,275
18 years$42,423$35,105$28,874$23,623$19,236$15,115
19 years$39,770$32,535$26,433$21,345$17,146$13,254
20 years$37,386$30,233$24,259$19,332$15,315$11,644
21 years$35,231$28,161$22,314$17,545$13,705$10,247
22 years$33,275$26,287$20,566$15,953$12,285$9,029
23 years$31,491$24,586$18,989$14,528$11,027$7,967
24 years$29,859$23,035$17,561$13,251$9,912$7,037
25 years$28,360$21,617$16,265$12,101$8,919$6,221
26 years$26,978$20,317$15,085$11,065$8,034$5,505
27 years$25,701$19,121$14,008$10,128$7,243$4,874
28 years$24,517$18,017$13,022$9,279$6,536$4,319
29 years$23,416$16,997$12,118$8,509$5,902$3,829
30 years$22,391$16,052$11,288$7,809$5,332$3,396
31 years$21,434$15,175$10,523$7,172$4,821$3,014
32 years$20,539$14,358$9,818$6,592$4,361$2,675
33 years$19,699$13,597$9,167$6,061$3,947$2,376
34 years$18,911$12,887$8,565$5,577$3,573$2,110
35 years$18,169$12,223$8,008$5,134$3,236$1,875
36 years$17,471$11,602$7,491$4,728$2,932$1,667
37 years$16,811$11,019$7,012$4,357$2,658$1,482
38 years$16,188$10,472$6,566$4,016$2,409$1,317
39 years$15,598$9,958$6,152$3,702$2,185$1,171
40 years$15,039$9,474$5,766$3,415$1,982$1,042
41 years$14,508$9,018$5,407$3,151$1,798$927
42 years$14,005$8,589$5,072$2,908$1,632$824
43 years$13,526$8,183$4,759$2,684$1,481$734
44 years$13,070$7,801$4,467$2,478$1,344$653
45 years$12,635$7,439$4,195$2,289$1,220$581
46 years$12,221$7,096$3,940$2,114$1,108$517
47 years$11,825$6,772$3,701$1,953$1,006$460
48 years$11,447$6,465$3,478$1,805$914$409
49 years$11,086$6,173$3,269$1,668$830$364
50 years$10,740$5,897$3,074$1,542$754$324

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,000,000, adding $4,049 every year, while hoping to spend $51,914 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: 37/50/13 Blend
79$11,000,000$11,000,000$11,000,000$11,000,000
80$12,126,177$11,543,177$11,372,677$12,526,421
81$13,307,810$12,053,556$11,698,425$13,323,637
82$14,608,231$12,587,204$12,033,346$14,178,883
83$16,039,500$13,145,207$12,377,693$15,101,525
84$17,614,907$13,728,700$12,731,723$16,097,613
85$19,349,096$14,338,874$13,095,704$17,173,777
86$21,258,202$14,976,978$13,469,909$18,337,289
87$23,360,005$15,644,316$13,854,618$19,596,121
88$25,674,097$16,342,259$14,250,119$20,959,016
89$28,222,064$17,072,239$14,656,707$22,435,570
90$31,027,694$17,835,758$15,074,686$24,036,309
91$34,117,198$18,634,389$15,504,367$25,772,789
92$37,519,459$19,469,781$15,946,070$27,657,692
93$41,266,303$20,343,659$16,400,122$29,704,947
94$45,392,800$21,257,833$16,866,861$31,929,846
95$49,937,597$22,214,198$17,346,632$34,349,188
96$54,943,276$23,214,738$17,839,789$36,981,424
97$60,456,765$24,261,535$18,346,696$39,846,828
98$66,529,771$25,356,766$18,867,726$42,967,678
99$73,219,276$26,502,716$19,403,264$46,368,456
100$80,588,070$27,701,777$19,953,701$50,076,072