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%14.1%
1 years$908,370$900,278$892,384$884,679$877,155$862,269
2 years$449,688$441,313$433,196$425,327$417,693$402,741
3 years$296,814$288,403$280,307$272,511$265,002$250,450
4 years$220,392$212,007$203,991$196,329$189,001$174,962
5 years$174,551$166,216$158,306$150,799$143,676$130,189
6 years$144,000$135,728$127,935$120,595$113,686$100,767
7 years$122,187$113,984$106,314$99,148$92,457$80,109
8 years$105,834$97,705$90,163$83,173$76,702$64,923
9 years$93,122$85,070$77,657$70,845$64,594$53,378
10 years$82,958$74,985$67,703$61,069$55,037$44,374
11 years$74,648$66,755$59,605$53,148$47,334$37,212
12 years$67,728$59,915$52,898$46,618$41,019$31,425
13 years$61,877$54,146$47,261$41,157$35,769$26,689
14 years$56,866$49,217$42,464$36,534$31,355$22,773
15 years$52,527$44,961$38,339$32,582$27,607$19,508
16 years$48,734$41,251$34,760$29,174$24,400$16,765
17 years$45,391$37,990$31,630$26,213$21,634$14,447
18 years$42,423$35,105$28,874$23,623$19,236$12,478
19 years$39,770$32,535$26,433$21,345$17,146$10,799
20 years$37,386$30,233$24,259$19,332$15,315$9,362
21 years$35,231$28,161$22,314$17,545$13,705$8,128
22 years$33,275$26,287$20,566$15,953$12,285$7,065
23 years$31,491$24,586$18,989$14,528$11,027$6,148
24 years$29,859$23,035$17,561$13,251$9,912$5,355
25 years$28,360$21,617$16,265$12,101$8,919$4,667
26 years$26,978$20,317$15,085$11,065$8,034$4,071
27 years$25,701$19,121$14,008$10,128$7,243$3,554
28 years$24,517$18,017$13,022$9,279$6,536$3,103
29 years$23,416$16,997$12,118$8,509$5,902$2,711
30 years$22,391$16,052$11,288$7,809$5,332$2,370
31 years$21,434$15,175$10,523$7,172$4,821$2,072
32 years$20,539$14,358$9,818$6,592$4,361$1,812
33 years$19,699$13,597$9,167$6,061$3,947$1,585
34 years$18,911$12,887$8,565$5,577$3,573$1,387
35 years$18,169$12,223$8,008$5,134$3,236$1,214
36 years$17,471$11,602$7,491$4,728$2,932$1,063
37 years$16,811$11,019$7,012$4,357$2,658$930
38 years$16,188$10,472$6,566$4,016$2,409$815
39 years$15,598$9,958$6,152$3,702$2,185$713
40 years$15,039$9,474$5,766$3,415$1,982$625
41 years$14,508$9,018$5,407$3,151$1,798$547
42 years$14,005$8,589$5,072$2,908$1,632$479
43 years$13,526$8,183$4,759$2,684$1,481$420
44 years$13,070$7,801$4,467$2,478$1,344$368
45 years$12,635$7,439$4,195$2,289$1,220$322
46 years$12,221$7,096$3,940$2,114$1,108$282
47 years$11,825$6,772$3,701$1,953$1,006$247
48 years$11,447$6,465$3,478$1,805$914$217
49 years$11,086$6,173$3,269$1,668$830$190
50 years$10,740$5,897$3,074$1,542$754$166

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 $5,438 every year, while hoping to spend $37,799 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: 68/22/10 Blend
79$11,000,000$11,000,000$11,000,000$11,000,000
80$12,127,609$11,544,609$11,374,109$12,927,256
81$13,324,408$12,070,077$11,714,924$13,984,406
82$14,642,012$12,620,026$12,065,889$15,135,061
83$16,092,706$13,195,616$12,427,305$16,392,449
84$17,690,023$13,798,062$12,799,481$17,767,024
85$19,448,875$14,428,637$13,182,733$19,270,287
86$21,385,697$15,088,676$13,577,391$20,914,895
87$23,518,594$15,779,578$13,983,790$22,714,774
88$25,867,522$16,502,808$14,402,278$24,685,252
89$28,454,466$17,259,903$14,833,211$26,843,194
90$31,303,654$18,052,471$15,276,956$29,207,168
91$34,441,785$18,882,200$15,733,893$31,797,607
92$37,898,278$19,750,859$16,204,409$34,637,005
93$41,705,551$20,660,300$16,688,905$37,750,126
94$45,899,328$21,612,465$17,187,794$41,164,229
95$50,518,975$22,609,391$17,701,500$44,909,328
96$55,607,869$23,653,210$18,230,460$49,018,465
97$61,213,814$24,746,159$18,775,122$53,528,026
98$67,389,484$25,890,582$19,335,950$58,478,071
99$74,192,925$27,088,935$19,913,419$63,912,715
100$81,688,105$28,343,793$20,508,019$69,880,535