Can I retire at age 80 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$949,659$941,200$932,947$924,892$917,026$897,045
2 years$470,128$461,373$452,887$444,660$436,679$416,649
3 years$310,306$301,512$293,048$284,898$277,047$257,593
4 years$230,410$221,643$213,264$205,253$197,592$178,865
5 years$182,485$173,771$165,501$157,654$150,207$132,258
6 years$150,546$141,897$133,750$126,077$118,853$101,703
7 years$127,741$119,165$111,147$103,655$96,660$80,310
8 years$110,645$102,146$94,261$86,953$80,188$64,634
9 years$97,355$88,937$81,187$74,065$67,530$52,760
10 years$86,729$78,393$70,781$63,845$57,539$43,538
11 years$78,041$69,789$62,314$55,564$49,486$36,236
12 years$70,806$62,639$55,302$48,737$42,883$30,363
13 years$64,689$56,607$49,409$43,028$37,395$25,583
14 years$59,451$51,454$44,394$38,195$32,780$21,653
15 years$54,914$47,005$40,082$34,063$28,862$18,395
16 years$50,949$43,126$36,340$30,500$25,509$15,675
17 years$47,454$39,717$33,068$27,404$22,618$13,392
18 years$44,351$36,701$30,187$24,697$20,111$11,466
19 years$41,578$34,014$27,635$22,315$17,925$9,836
20 years$39,085$31,607$25,362$20,211$16,011$8,450
21 years$36,832$29,441$23,328$18,343$14,328$7,269
22 years$34,787$27,482$21,500$16,678$12,843$6,261
23 years$32,923$25,703$19,852$15,189$11,529$5,397
24 years$31,216$24,082$18,359$13,853$10,362$4,657
25 years$29,649$22,600$17,005$12,651$9,324$4,021
26 years$28,204$21,240$15,771$11,568$8,399$3,474
27 years$26,869$19,990$14,645$10,588$7,572$3,003
28 years$25,631$18,836$13,614$9,701$6,833$2,597
29 years$24,481$17,770$12,669$8,896$6,170$2,247
30 years$23,409$16,782$11,801$8,164$5,575$1,944
31 years$22,408$15,864$11,002$7,498$5,040$1,683
32 years$21,472$15,011$10,265$6,891$4,559$1,457
33 years$20,595$14,215$9,584$6,337$4,126$1,262
34 years$19,771$13,473$8,955$5,831$3,736$1,093
35 years$18,995$12,779$8,372$5,367$3,384$947
36 years$18,265$12,129$7,832$4,943$3,066$821
37 years$17,575$11,520$7,331$4,555$2,779$711
38 years$16,923$10,948$6,865$4,198$2,519$617
39 years$16,307$10,410$6,432$3,871$2,284$534
40 years$15,722$9,905$6,028$3,570$2,072$463
41 years$15,168$9,428$5,653$3,294$1,880$402
42 years$14,641$8,979$5,302$3,040$1,706$348
43 years$14,140$8,555$4,976$2,806$1,548$302
44 years$13,664$8,155$4,670$2,591$1,405$262
45 years$13,209$7,777$4,385$2,393$1,276$227
46 years$12,776$7,419$4,119$2,210$1,158$197
47 years$12,363$7,080$3,870$2,042$1,052$171
48 years$11,967$6,758$3,636$1,887$955$148
49 years$11,590$6,454$3,418$1,744$867$128
50 years$11,228$6,165$3,213$1,612$788$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,500,000, adding $5,139 every year, while hoping to spend $50,969 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: 69/23/8 Blend
79$11,500,000$11,500,000$11,500,000$11,500,000
80$12,678,301$12,068,801$11,890,551$13,534,830
81$13,917,257$12,605,942$12,234,654$14,639,974
82$15,280,878$13,167,694$12,588,576$15,841,784
83$16,781,827$13,755,210$12,952,592$17,155,071
84$18,434,055$14,369,697$13,326,985$18,590,758
85$20,252,935$15,012,418$13,712,046$20,160,862
86$22,255,407$15,684,700$14,108,072$21,878,610
87$24,460,136$16,387,928$14,515,371$23,758,553
88$26,887,691$17,123,556$14,934,256$25,816,709
89$29,560,733$17,893,109$15,365,051$28,070,704
90$32,504,236$18,698,179$15,808,089$30,539,939
91$35,745,718$19,540,440$16,263,710$33,245,771
92$39,315,503$20,421,643$16,732,265$36,211,708
93$43,247,002$21,343,621$17,214,114$39,463,629
94$47,577,035$22,308,298$17,709,626$43,030,026
95$52,346,176$23,317,688$18,219,182$46,942,266
96$57,599,132$24,373,900$18,743,170$51,234,886
97$63,385,169$25,479,147$19,281,992$55,945,915
98$69,758,576$26,635,745$19,836,059$61,117,226
99$76,779,177$27,846,122$20,405,793$66,794,928
100$84,512,893$29,112,823$20,991,627$73,029,796