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

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 $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%17.5%
1 years$924,886$916,647$908,609$900,764$893,104$865,902
2 years$457,864$449,337$441,073$433,060$425,287$398,116
3 years$302,211$293,647$285,403$277,466$269,820$243,530
4 years$224,399$215,861$207,700$199,898$192,438$167,232
5 years$177,725$169,238$161,184$153,541$146,288$122,234
6 years$146,618$138,195$130,261$122,788$115,753$92,871
7 years$124,408$116,056$108,247$100,951$94,138$72,428
8 years$107,758$99,482$91,802$84,685$78,097$57,545
9 years$94,815$86,617$79,069$72,133$65,769$46,352
10 years$84,467$76,348$68,934$62,179$56,038$37,730
11 years$76,005$67,969$60,689$54,115$48,195$30,962
12 years$68,959$61,005$53,860$47,466$41,764$25,573
13 years$63,002$55,131$48,120$41,905$36,419$21,230
14 years$57,900$50,112$43,236$37,199$31,925$17,699
15 years$53,482$45,778$39,036$33,175$28,109$14,806
16 years$49,620$42,001$35,392$29,704$24,843$12,420
17 years$46,216$38,681$32,205$26,689$22,028$10,443
18 years$43,194$35,743$29,399$24,052$19,586$8,797
19 years$40,493$33,126$26,914$21,733$17,457$7,423
20 years$38,065$30,783$24,700$19,684$15,593$6,271
21 years$35,871$28,673$22,719$17,864$13,954$5,305
22 years$33,880$26,765$20,939$16,243$12,508$4,491
23 years$32,064$25,033$19,334$14,793$11,228$3,805
24 years$30,402$23,454$17,881$13,492$10,092$3,227
25 years$28,875$22,010$16,561$12,321$9,081$2,737
26 years$27,468$20,686$15,359$11,266$8,180$2,323
27 years$26,168$19,468$14,263$10,312$7,375$1,973
28 years$24,962$18,345$13,259$9,448$6,655$1,676
29 years$23,842$17,306$12,339$8,664$6,009$1,424
30 years$22,798$16,344$11,493$7,951$5,429$1,210
31 years$21,824$15,450$10,715$7,303$4,909$1,029
32 years$20,912$14,619$9,997$6,711$4,440$875
33 years$20,058$13,845$9,334$6,172$4,018$744
34 years$19,255$13,122$8,721$5,679$3,638$632
35 years$18,500$12,446$8,154$5,227$3,295$538
36 years$17,788$11,813$7,628$4,814$2,986$458
37 years$17,117$11,219$7,139$4,436$2,706$389
38 years$16,482$10,662$6,686$4,089$2,453$331
39 years$15,881$10,139$6,264$3,770$2,225$282
40 years$15,312$9,646$5,871$3,477$2,018$240
41 years$14,772$9,182$5,505$3,208$1,831$204
42 years$14,259$8,745$5,164$2,961$1,661$174
43 years$13,771$8,332$4,846$2,733$1,508$148
44 years$13,307$7,942$4,549$2,524$1,368$126
45 years$12,865$7,574$4,271$2,331$1,242$107
46 years$12,443$7,225$4,011$2,153$1,128$91
47 years$12,040$6,895$3,769$1,989$1,024$77
48 years$11,655$6,582$3,541$1,838$930$66
49 years$11,287$6,286$3,329$1,698$845$56
50 years$10,935$6,004$3,130$1,570$767$48

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 $5,473 every year, while hoping to spend $23,990 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: 59/27/14 Blend
79$11,200,000$11,200,000$11,200,000$11,200,000
80$12,348,045$11,754,445$11,580,845$13,032,855
81$13,582,021$12,304,888$11,943,279$14,045,938
82$14,941,058$12,881,498$12,317,049$15,147,014
83$16,437,887$13,485,533$12,702,512$16,347,140
84$18,086,537$14,118,310$13,100,032$17,655,865
85$19,902,468$14,781,211$13,509,986$19,083,686
86$21,902,713$15,475,683$13,932,764$20,642,143
87$24,106,044$16,203,246$14,368,766$22,343,931
88$26,533,146$16,965,491$14,818,406$24,203,009
89$29,206,814$17,764,087$15,282,109$26,234,732
90$32,152,165$18,600,784$15,760,316$28,455,990
91$35,396,879$19,477,416$16,253,480$30,885,366
92$38,971,458$20,395,906$16,762,069$33,543,303
93$42,909,513$21,358,271$17,286,564$36,452,296
94$47,248,083$22,366,626$17,827,463$39,637,097
95$52,027,983$23,423,187$18,385,280$43,124,947
96$57,294,193$24,530,278$18,960,541$46,945,824
97$63,096,275$25,690,337$19,553,794$51,132,723
98$69,488,849$26,905,917$20,165,600$55,721,961
99$76,532,104$28,179,699$20,796,540$60,753,515
100$84,292,365$29,514,491$21,447,211$66,271,390