Can I retire at age 80 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$924,886$916,647$908,609$900,764$893,104$887,103
2 years$457,864$449,337$441,073$433,060$425,287$419,236
3 years$302,211$293,647$285,403$277,466$269,820$263,905
4 years$224,399$215,861$207,700$199,898$192,438$186,704
5 years$177,725$169,238$161,184$153,541$146,288$140,753
6 years$146,618$138,195$130,261$122,788$115,753$110,424
7 years$124,408$116,056$108,247$100,951$94,138$89,017
8 years$107,758$99,482$91,802$84,685$78,097$73,184
9 years$94,815$86,617$79,069$72,133$65,769$61,063
10 years$84,467$76,348$68,934$62,179$56,038$51,537
11 years$76,005$67,969$60,689$54,115$48,195$43,895
12 years$68,959$61,005$53,860$47,466$41,764$37,663
13 years$63,002$55,131$48,120$41,905$36,419$32,511
14 years$57,900$50,112$43,236$37,199$31,925$28,206
15 years$53,482$45,778$39,036$33,175$28,109$24,574
16 years$49,620$42,001$35,392$29,704$24,843$21,486
17 years$46,216$38,681$32,205$26,689$22,028$18,844
18 years$43,194$35,743$29,399$24,052$19,586$16,570
19 years$40,493$33,126$26,914$21,733$17,457$14,603
20 years$38,065$30,783$24,700$19,684$15,593$12,895
21 years$35,871$28,673$22,719$17,864$13,954$11,406
22 years$33,880$26,765$20,939$16,243$12,508$10,104
23 years$32,064$25,033$19,334$14,793$11,228$8,962
24 years$30,402$23,454$17,881$13,492$10,092$7,959
25 years$28,875$22,010$16,561$12,321$9,081$7,075
26 years$27,468$20,686$15,359$11,266$8,180$6,294
27 years$26,168$19,468$14,263$10,312$7,375$5,604
28 years$24,962$18,345$13,259$9,448$6,655$4,994
29 years$23,842$17,306$12,339$8,664$6,009$4,452
30 years$22,798$16,344$11,493$7,951$5,429$3,971
31 years$21,824$15,450$10,715$7,303$4,909$3,544
32 years$20,912$14,619$9,997$6,711$4,440$3,165
33 years$20,058$13,845$9,334$6,172$4,018$2,827
34 years$19,255$13,122$8,721$5,679$3,638$2,526
35 years$18,500$12,446$8,154$5,227$3,295$2,257
36 years$17,788$11,813$7,628$4,814$2,986$2,018
37 years$17,117$11,219$7,139$4,436$2,706$1,805
38 years$16,482$10,662$6,686$4,089$2,453$1,614
39 years$15,881$10,139$6,264$3,770$2,225$1,444
40 years$15,312$9,646$5,871$3,477$2,018$1,292
41 years$14,772$9,182$5,505$3,208$1,831$1,156
42 years$14,259$8,745$5,164$2,961$1,661$1,035
43 years$13,771$8,332$4,846$2,733$1,508$926
44 years$13,307$7,942$4,549$2,524$1,368$829
45 years$12,865$7,574$4,271$2,331$1,242$742
46 years$12,443$7,225$4,011$2,153$1,128$665
47 years$12,040$6,895$3,769$1,989$1,024$595
48 years$11,655$6,582$3,541$1,838$930$533
49 years$11,287$6,286$3,329$1,698$845$477
50 years$10,935$6,004$3,130$1,570$767$428

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,200,000, adding $6,306 every year, while hoping to spend $33,063 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: 53/24/23 Blend
79$11,200,000$11,200,000$11,200,000$11,200,000
80$12,348,905$11,755,305$11,581,705$12,924,568
81$13,573,314$12,296,136$11,934,513$13,862,785
82$14,921,505$12,862,360$12,298,032$14,879,254
83$16,406,069$13,455,185$12,672,586$15,984,695
84$18,040,879$14,075,880$13,058,509$17,187,611
85$19,841,223$14,725,773$13,456,144$18,497,346
86$21,823,948$15,406,256$13,865,845$19,924,176
87$24,007,618$16,118,789$14,287,977$21,479,395
88$26,412,686$16,864,902$14,722,916$23,175,425
89$29,061,695$17,646,197$15,171,048$25,025,929
90$31,979,482$18,464,355$15,632,773$27,045,930
91$35,193,419$19,321,138$16,108,501$29,251,956
92$38,733,666$20,218,392$16,598,654$31,662,189
93$42,633,460$21,158,053$17,103,669$34,296,631
94$46,929,425$22,142,150$17,623,994$37,177,290
95$51,661,920$23,172,809$18,160,091$40,328,385
96$56,875,419$24,252,260$18,712,437$43,776,565
97$62,618,931$25,382,839$19,281,523$47,551,159
98$68,946,460$26,566,997$19,867,852$51,684,447
99$75,917,520$27,807,300$20,471,946$56,211,957
100$83,597,692$29,106,442$21,094,341$61,172,799