Can I retire at age 80 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$982,691$973,938$965,398$957,062$948,923$930,144
2 years$486,481$477,420$468,640$460,126$451,868$433,028
3 years$321,099$311,999$303,241$294,807$286,684$268,370
4 years$238,424$229,353$220,682$212,392$204,465$186,819
5 years$188,832$179,815$171,258$163,137$155,431$138,502
6 years$155,782$146,833$138,402$130,462$122,987$106,795
7 years$132,184$123,310$115,013$107,260$100,022$84,569
8 years$114,493$105,699$97,540$89,978$82,978$68,260
9 years$100,741$92,030$84,011$76,641$69,879$55,887
10 years$89,746$81,120$73,243$66,065$59,541$46,261
11 years$80,756$72,217$64,482$57,497$51,207$38,624
12 years$73,269$64,818$57,226$50,432$44,375$32,470
13 years$66,939$58,576$51,128$44,524$38,696$27,449
14 years$61,518$53,244$45,938$39,524$33,920$23,311
15 years$56,825$48,640$41,476$35,248$29,866$19,872
16 years$52,721$44,626$37,604$31,561$26,396$16,994
17 years$49,105$41,099$34,218$28,357$23,404$14,571
18 years$45,894$37,977$31,237$25,556$20,810$12,522
19 years$43,024$35,197$28,596$23,092$18,548$10,781
20 years$40,444$32,707$26,244$20,914$16,568$9,297
21 years$38,113$30,465$24,139$18,981$14,826$8,029
22 years$35,997$28,438$22,248$17,258$13,290$6,942
23 years$34,068$26,597$20,542$15,717$11,930$6,008
24 years$32,302$24,920$18,998$14,335$10,723$5,204
25 years$30,680$23,386$17,596$13,091$9,649$4,511
26 years$29,185$21,979$16,319$11,970$8,691$3,913
27 years$27,803$20,685$15,154$10,957$7,836$3,396
28 years$26,523$19,491$14,088$10,039$7,070$2,949
29 years$25,332$18,388$13,110$9,206$6,384$2,562
30 years$24,223$17,365$12,211$8,448$5,769$2,226
31 years$23,188$16,416$11,384$7,759$5,215$1,935
32 years$22,219$15,533$10,622$7,131$4,718$1,682
33 years$21,311$14,710$9,917$6,557$4,270$1,463
34 years$20,458$13,942$9,266$6,033$3,866$1,273
35 years$19,656$13,223$8,663$5,554$3,501$1,107
36 years$18,900$12,551$8,104$5,115$3,172$964
37 years$18,186$11,921$7,586$4,713$2,875$839
38 years$17,512$11,329$7,104$4,344$2,607$730
39 years$16,874$10,773$6,655$4,005$2,364$635
40 years$16,269$10,249$6,238$3,694$2,144$553
41 years$15,695$9,756$5,849$3,409$1,945$482
42 years$15,150$9,292$5,487$3,146$1,765$419
43 years$14,632$8,853$5,149$2,904$1,602$365
44 years$14,139$8,439$4,833$2,681$1,454$318
45 years$13,669$8,047$4,538$2,476$1,320$277
46 years$13,221$7,677$4,262$2,287$1,198$241
47 years$12,793$7,326$4,004$2,113$1,088$210
48 years$12,384$6,994$3,763$1,953$988$183
49 years$11,993$6,678$3,537$1,805$898$159
50 years$11,619$6,379$3,325$1,668$815$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,900,000, adding $3,291 every year, while hoping to spend $42,566 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: 38/45/17 Blend
79$11,900,000$11,900,000$11,900,000$11,900,000
80$13,117,195$12,486,495$12,302,045$13,548,388
81$14,409,859$13,053,043$12,668,873$14,424,831
82$15,832,948$13,645,926$13,046,564$15,367,087
83$17,399,720$14,266,388$13,435,436$16,384,499
84$19,124,786$14,915,735$13,835,817$17,483,857
85$21,024,242$15,595,334$14,248,045$18,672,609
86$23,115,828$16,306,619$14,672,468$19,958,920
87$25,419,090$17,051,090$15,109,443$21,351,747
88$27,955,566$17,830,322$15,559,338$22,860,917
89$30,748,990$18,645,965$16,022,532$24,497,213
90$33,825,514$19,499,745$16,499,415$26,272,473
91$37,213,959$20,393,474$16,990,387$28,199,690
92$40,946,079$21,329,051$17,495,861$30,293,131
93$45,056,869$22,308,464$18,016,263$32,568,462
94$49,584,890$23,333,799$18,552,028$35,042,895
95$54,572,634$24,407,240$19,103,605$37,735,331
96$60,066,925$25,531,078$19,671,459$40,666,544
97$66,119,362$26,707,711$20,256,064$43,859,356
98$72,786,805$27,939,657$20,857,909$47,338,851
99$80,131,910$29,229,551$21,477,500$51,132,601
100$88,223,722$30,580,156$22,115,354$55,270,915