Can I retire at age 80 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$974,433$965,753$957,285$949,019$940,949$921,950
2 years$482,393$473,408$464,701$456,259$448,071$429,014
3 years$318,401$309,378$300,693$292,330$284,274$265,753
4 years$236,421$227,425$218,827$210,607$202,747$184,904
5 years$187,245$178,304$169,819$161,766$154,125$137,011
6 years$154,473$145,599$137,239$129,366$121,954$105,587
7 years$131,073$122,274$114,046$106,359$99,181$83,565
8 years$113,531$104,811$96,720$89,222$82,280$67,411
9 years$99,894$91,257$83,305$75,997$69,292$55,159
10 years$88,992$80,438$72,627$65,510$59,040$45,630
11 years$80,077$71,610$63,940$57,014$50,777$38,073
12 years$72,653$64,273$56,745$50,009$44,002$31,986
13 years$66,377$58,084$50,698$44,150$38,370$27,022
14 years$61,001$52,797$45,552$39,192$33,635$22,933
15 years$56,347$48,231$41,128$34,952$29,615$19,536
16 years$52,278$44,251$37,288$31,296$26,174$16,695
17 years$48,692$40,753$33,931$28,119$23,208$14,305
18 years$45,508$37,658$30,974$25,341$20,635$12,284
19 years$42,662$34,901$28,356$22,898$18,393$10,568
20 years$40,104$32,432$26,023$20,738$16,429$9,107
21 years$37,793$30,209$23,936$18,821$14,702$7,858
22 years$35,695$28,199$22,061$17,113$13,178$6,789
23 years$33,782$26,374$20,370$15,585$11,829$5,871
24 years$32,031$24,711$18,838$14,214$10,633$5,081
25 years$30,422$23,190$17,448$12,981$9,568$4,401
26 years$28,940$21,795$16,182$11,870$8,618$3,815
27 years$27,570$20,511$15,027$10,864$7,770$3,308
28 years$26,300$19,328$13,969$9,954$7,011$2,870
29 years$25,119$18,233$13,000$9,128$6,331$2,491
30 years$24,020$17,219$12,109$8,377$5,720$2,163
31 years$22,993$16,278$11,289$7,694$5,172$1,879
32 years$22,033$15,402$10,532$7,071$4,678$1,632
33 years$21,132$14,586$9,834$6,502$4,234$1,418
34 years$20,286$13,825$9,188$5,983$3,833$1,233
35 years$19,491$13,112$8,591$5,507$3,472$1,072
36 years$18,741$12,446$8,036$5,072$3,146$932
37 years$18,034$11,820$7,522$4,673$2,851$810
38 years$17,365$11,234$7,044$4,308$2,585$705
39 years$16,732$10,682$6,599$3,972$2,344$613
40 years$16,132$10,163$6,186$3,663$2,126$533
41 years$15,564$9,674$5,800$3,380$1,929$464
42 years$15,023$9,213$5,441$3,119$1,750$403
43 years$14,509$8,779$5,105$2,879$1,588$351
44 years$14,020$8,368$4,792$2,659$1,442$305
45 years$13,554$7,979$4,500$2,455$1,309$266
46 years$13,109$7,612$4,226$2,268$1,188$231
47 years$12,685$7,264$3,971$2,095$1,079$201
48 years$12,280$6,935$3,731$1,936$980$175
49 years$11,892$6,622$3,507$1,789$890$152
50 years$11,521$6,326$3,297$1,654$808$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,800,000, adding $6,544 every year, while hoping to spend $24,525 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: 60/24/16 Blend
79$11,800,000$11,800,000$11,800,000$11,800,000
80$13,010,350$12,384,950$12,202,050$13,737,681
81$14,311,311$12,965,718$12,584,724$14,809,942
82$15,744,149$13,574,122$12,979,396$15,975,833
83$17,322,288$14,211,490$13,386,442$17,247,138
84$19,060,522$14,879,214$13,806,249$18,634,053
85$20,975,155$15,578,755$14,239,217$20,147,790
86$23,084,149$16,311,642$14,685,759$21,800,682
87$25,407,301$17,079,481$15,146,301$23,606,291
88$27,966,424$17,883,954$15,621,281$25,579,538
89$30,785,557$18,726,825$16,111,151$27,736,835
90$33,891,187$19,609,944$16,616,378$30,096,238
91$37,312,505$20,535,248$17,137,444$32,677,617
92$41,081,677$21,504,772$17,674,845$35,502,833
93$45,234,149$22,520,646$18,229,093$38,595,945
94$49,808,979$23,585,105$18,800,715$41,983,428
95$54,849,213$24,700,493$19,390,256$45,694,423
96$60,402,281$25,869,265$19,998,278$49,761,004
97$66,520,454$27,093,999$20,625,360$54,218,475
98$73,261,329$28,377,394$21,272,099$59,105,701
99$80,688,382$29,722,284$21,939,112$64,465,463
100$88,871,557$31,131,636$22,627,033$70,344,865