Can I retire at age 80 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$990,949$982,122$973,510$965,105$956,897$950,866
2 years$490,569$481,432$472,578$463,993$455,665$449,582
3 years$323,797$314,621$305,789$297,285$289,093$283,145
4 years$240,428$231,280$222,536$214,177$206,183$200,418
5 years$190,419$181,326$172,697$164,508$156,737$151,170
6 years$157,091$148,067$139,565$131,559$124,021$118,660
7 years$133,294$124,346$115,979$108,162$100,862$95,709
8 years$115,455$106,588$98,360$90,734$83,675$78,731
9 years$101,588$92,804$84,717$77,285$70,466$65,730
10 years$90,500$81,802$73,858$66,621$60,041$55,509
11 years$81,434$72,823$65,024$57,980$51,637$47,307
12 years$73,885$65,362$57,707$50,856$44,748$40,616
13 years$67,502$59,068$51,557$44,898$39,021$35,082
14 years$62,035$53,692$46,324$39,856$34,205$30,456
15 years$57,302$49,048$41,825$35,544$30,117$26,552
16 years$53,165$45,001$37,920$31,826$26,618$23,232
17 years$49,518$41,444$34,506$28,595$23,601$20,389
18 years$46,279$38,296$31,499$25,770$20,985$17,941
19 years$43,385$35,493$28,836$23,286$18,704$15,823
20 years$40,784$32,981$26,464$21,090$16,707$13,982
21 years$38,434$30,721$24,342$19,140$14,951$12,377
22 years$36,300$28,677$22,435$17,403$13,401$10,972
23 years$34,354$26,821$20,715$15,849$12,030$9,740
24 years$32,574$25,129$19,158$14,455$10,813$8,656
25 years$30,938$23,583$17,744$13,201$9,730$7,700
26 years$29,430$22,164$16,457$12,071$8,764$6,856
27 years$28,037$20,859$15,281$11,049$7,902$6,110
28 years$26,745$19,655$14,206$10,123$7,130$5,448
29 years$25,545$18,542$13,220$9,283$6,438$4,861
30 years$24,427$17,511$12,314$8,519$5,817$4,340
31 years$23,383$16,554$11,480$7,824$5,259$3,876
32 years$22,406$15,663$10,711$7,191$4,757$3,464
33 years$21,490$14,834$10,001$6,613$4,305$3,097
34 years$20,630$14,059$9,344$6,084$3,898$2,769
35 years$19,821$13,335$8,736$5,601$3,531$2,477
36 years$19,059$12,656$8,172$5,158$3,199$2,216
37 years$18,339$12,021$7,649$4,753$2,899$1,984
38 years$17,659$11,424$7,163$4,381$2,629$1,776
39 years$17,016$10,863$6,711$4,039$2,384$1,590
40 years$16,406$10,335$6,290$3,725$2,162$1,424
41 years$15,827$9,838$5,898$3,437$1,961$1,275
42 years$15,278$9,370$5,533$3,172$1,780$1,142
43 years$14,755$8,927$5,192$2,928$1,615$1,023
44 years$14,258$8,510$4,873$2,704$1,466$917
45 years$13,784$8,115$4,576$2,497$1,331$822
46 years$13,332$7,741$4,298$2,307$1,209$736
47 years$12,900$7,387$4,038$2,131$1,097$660
48 years$12,488$7,052$3,794$1,969$997$592
49 years$12,094$6,735$3,567$1,820$905$530
50 years$11,716$6,433$3,353$1,682$822$475

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,000,000, adding $4,143 every year, while hoping to spend $27,393 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: 74/16/10 Blend
79$12,000,000$12,000,000$12,000,000$12,000,000
80$13,228,274$12,592,274$12,406,274$14,182,698
81$14,548,411$13,180,149$12,792,738$15,400,750
82$16,002,285$13,795,912$13,191,230$16,730,969
83$17,603,507$14,440,901$13,602,126$18,187,536
84$19,367,077$15,116,517$14,025,809$19,782,960
85$21,309,524$15,824,231$14,462,678$21,531,007
86$23,449,060$16,565,583$14,913,143$23,446,830
87$25,805,757$17,342,190$15,377,626$25,547,113
88$28,401,732$18,155,744$15,856,564$27,850,219
89$31,261,355$19,008,022$16,350,405$30,376,368
90$34,411,483$19,900,885$16,859,613$33,147,821
91$37,881,710$20,836,285$17,384,667$36,189,089
92$41,704,649$21,816,267$17,926,057$39,527,160
93$45,916,236$22,842,977$18,484,293$43,191,754
94$50,556,073$23,918,663$19,059,897$47,215,595
95$55,667,799$25,045,685$19,653,411$51,634,724
96$61,299,504$26,226,513$20,265,389$56,488,828
97$67,504,181$27,463,739$20,896,408$61,821,616
98$74,340,227$28,760,082$21,547,057$67,681,228
99$81,871,994$30,118,390$22,217,947$74,120,684
100$90,170,397$31,541,651$22,909,708$81,198,378