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

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$949,659$941,200$932,947$924,892$917,026$902,577
2 years$470,128$461,373$452,887$444,660$436,679$422,160
3 years$310,306$301,512$293,048$284,898$277,047$262,909
4 years$230,410$221,643$213,264$205,253$197,592$183,944
5 years$182,485$173,771$165,501$157,654$150,207$137,088
6 years$150,546$141,897$133,750$126,077$118,853$106,279
7 years$127,741$119,165$111,147$103,655$96,660$84,634
8 years$110,645$102,146$94,261$86,953$80,188$68,709
9 years$97,355$88,937$81,187$74,065$67,530$56,592
10 years$86,729$78,393$70,781$63,845$57,539$47,132
11 years$78,041$69,789$62,314$55,564$49,486$39,600
12 years$70,806$62,639$55,302$48,737$42,883$33,506
13 years$64,689$56,607$49,409$43,028$37,395$28,513
14 years$59,451$51,454$44,394$38,195$32,780$24,378
15 years$54,914$47,005$40,082$34,063$28,862$20,925
16 years$50,949$43,126$36,340$30,500$25,509$18,021
17 years$47,454$39,717$33,068$27,404$22,618$15,562
18 years$44,351$36,701$30,187$24,697$20,111$13,471
19 years$41,578$34,014$27,635$22,315$17,925$11,684
20 years$39,085$31,607$25,362$20,211$16,011$10,152
21 years$36,832$29,441$23,328$18,343$14,328$8,834
22 years$34,787$27,482$21,500$16,678$12,843$7,696
23 years$32,923$25,703$19,852$15,189$11,529$6,713
24 years$31,216$24,082$18,359$13,853$10,362$5,860
25 years$29,649$22,600$17,005$12,651$9,324$5,120
26 years$28,204$21,240$15,771$11,568$8,399$4,477
27 years$26,869$19,990$14,645$10,588$7,572$3,917
28 years$25,631$18,836$13,614$9,701$6,833$3,429
29 years$24,481$17,770$12,669$8,896$6,170$3,003
30 years$23,409$16,782$11,801$8,164$5,575$2,631
31 years$22,408$15,864$11,002$7,498$5,040$2,306
32 years$21,472$15,011$10,265$6,891$4,559$2,022
33 years$20,595$14,215$9,584$6,337$4,126$1,773
34 years$19,771$13,473$8,955$5,831$3,736$1,556
35 years$18,995$12,779$8,372$5,367$3,384$1,365
36 years$18,265$12,129$7,832$4,943$3,066$1,198
37 years$17,575$11,520$7,331$4,555$2,779$1,051
38 years$16,923$10,948$6,865$4,198$2,519$923
39 years$16,307$10,410$6,432$3,871$2,284$810
40 years$15,722$9,905$6,028$3,570$2,072$711
41 years$15,168$9,428$5,653$3,294$1,880$625
42 years$14,641$8,979$5,302$3,040$1,706$549
43 years$14,140$8,555$4,976$2,806$1,548$482
44 years$13,664$8,155$4,670$2,591$1,405$423
45 years$13,209$7,777$4,385$2,393$1,276$372
46 years$12,776$7,419$4,119$2,210$1,158$327
47 years$12,363$7,080$3,870$2,042$1,052$287
48 years$11,967$6,758$3,636$1,887$955$252
49 years$11,590$6,454$3,418$1,744$867$221
50 years$11,228$6,165$3,213$1,612$788$195

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 $4,174 every year, while hoping to spend $37,312 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: 80/8/12 Blend
79$11,500,000$11,500,000$11,500,000$11,500,000
80$12,677,305$12,067,805$11,889,555$13,663,200
81$13,930,691$12,619,428$12,248,156$14,862,891
82$15,310,671$13,196,830$12,617,519$16,173,857
83$16,830,120$13,801,235$12,997,966$17,611,423
84$18,503,221$14,433,924$13,389,827$19,188,242
85$20,345,606$15,096,243$13,793,443$20,918,250
86$22,374,499$15,789,600$14,209,164$22,816,793
87$24,608,879$16,515,472$14,637,352$24,900,772
88$27,069,659$17,275,404$15,078,378$27,188,800
89$29,779,885$18,071,020$15,532,624$29,701,379
90$32,764,951$18,904,018$16,000,485$32,461,086
91$36,052,841$19,776,180$16,482,366$35,492,792
92$39,674,391$20,689,372$16,978,685$38,823,891
93$43,663,579$21,645,552$17,489,872$42,484,558
94$48,057,851$22,646,770$18,016,369$46,508,028
95$52,898,466$23,695,177$18,558,632$50,930,916
96$58,230,894$24,793,024$19,117,130$55,793,553
97$64,105,238$25,942,676$19,692,347$61,140,371
98$70,576,711$27,146,606$20,284,779$67,020,313
99$77,706,156$28,407,409$20,894,940$73,487,299
100$85,560,618$29,727,807$21,523,355$80,600,733