Can I retire at age 80 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$933,143$924,831$916,722$908,807$901,078$873,283
2 years$461,952$453,349$445,011$436,926$429,085$401,325
3 years$304,909$296,268$287,951$279,943$272,229$245,375
4 years$226,403$217,789$209,555$201,683$194,156$168,413
5 years$179,311$170,749$162,623$154,912$147,594$123,033
6 years$147,927$139,429$131,424$123,884$116,786$93,427
7 years$125,519$117,093$109,214$101,852$94,979$72,820
8 years$108,720$100,370$92,622$85,441$78,794$57,822
9 years$95,662$87,390$79,775$72,777$66,356$46,548
10 years$85,221$77,030$69,550$62,734$56,538$37,865
11 years$76,684$68,575$61,231$54,598$48,625$31,053
12 years$69,575$61,550$54,341$47,890$42,137$25,631
13 years$63,564$55,623$48,550$42,279$36,745$21,264
14 years$58,417$50,560$43,622$37,531$32,210$17,715
15 years$53,959$46,187$39,385$33,471$28,360$14,808
16 years$50,063$42,376$35,708$29,970$25,065$12,413
17 years$46,629$39,027$32,493$26,927$22,224$10,429
18 years$43,580$36,062$29,662$24,267$19,761$8,779
19 years$40,855$33,422$27,154$21,927$17,613$7,402
20 years$38,405$31,057$24,921$19,859$15,732$6,249
21 years$36,192$28,929$22,922$18,024$14,079$5,282
22 years$34,182$27,004$21,126$16,388$12,620$4,468
23 years$32,350$25,256$19,506$14,925$11,328$3,783
24 years$30,673$23,664$18,040$13,612$10,182$3,205
25 years$29,133$22,207$16,709$12,431$9,162$2,717
26 years$27,714$20,871$15,497$11,367$8,253$2,304
27 years$26,402$19,642$14,390$10,404$7,441$1,955
28 years$25,185$18,509$13,377$9,532$6,714$1,659
29 years$24,055$17,461$12,449$8,741$6,063$1,409
30 years$23,002$16,490$11,596$8,022$5,478$1,196
31 years$22,019$15,588$10,810$7,368$4,953$1,016
32 years$21,099$14,750$10,086$6,771$4,480$863
33 years$20,237$13,968$9,417$6,227$4,054$733
34 years$19,427$13,239$8,799$5,729$3,671$623
35 years$18,665$12,557$8,227$5,274$3,325$530
36 years$17,947$11,918$7,696$4,857$3,012$450
37 years$17,269$11,320$7,203$4,475$2,730$383
38 years$16,629$10,758$6,745$4,125$2,475$325
39 years$16,023$10,229$6,320$3,803$2,245$276
40 years$15,449$9,732$5,923$3,508$2,036$235
41 years$14,904$9,264$5,554$3,237$1,847$200
42 years$14,387$8,823$5,210$2,987$1,676$170
43 years$13,894$8,407$4,889$2,757$1,521$144
44 years$13,426$8,013$4,589$2,546$1,381$123
45 years$12,980$7,641$4,309$2,351$1,253$104
46 years$12,554$7,290$4,047$2,172$1,138$89
47 years$12,148$6,956$3,802$2,007$1,033$75
48 years$11,759$6,641$3,573$1,854$938$64
49 years$11,388$6,342$3,358$1,714$852$55
50 years$11,033$6,058$3,157$1,584$774$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,300,000, adding $2,859 every year, while hoping to spend $46,839 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: 76/19/5 Blend
79$11,300,000$11,300,000$11,300,000$11,300,000
80$12,455,549$11,856,649$11,681,499$13,398,301
81$13,676,179$12,387,789$12,022,993$14,548,782
82$15,019,743$12,943,384$12,374,357$15,803,075
83$16,498,731$13,524,584$12,735,873$17,176,421
84$18,126,906$14,132,593$13,107,828$18,680,601
85$19,919,432$14,768,672$13,490,522$20,328,582
86$21,893,018$15,434,141$13,884,259$22,134,638
87$24,066,076$16,130,384$14,289,352$24,114,482
88$26,458,896$16,858,853$14,706,126$26,285,412
89$29,093,833$17,621,067$15,134,910$28,666,471
90$31,995,522$18,418,617$15,576,047$31,278,627
91$35,191,107$19,253,171$16,029,887$34,144,965
92$38,710,502$20,126,478$16,496,790$37,290,904
93$42,586,667$21,040,369$16,977,126$40,744,434
94$46,855,923$21,996,763$17,471,276$44,536,377
95$51,558,294$22,997,671$17,979,630$48,700,674
96$56,737,883$24,045,200$18,502,591$53,274,705
97$62,443,290$25,141,558$19,040,571$58,299,634
98$68,728,071$26,289,060$19,593,995$63,820,799
99$75,651,239$27,490,129$20,163,299$69,888,130
100$83,277,827$28,747,307$20,748,932$76,556,624