Can I retire at age 80 with 12,100,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$999,207$990,306$981,623$973,147$964,871$957,987
2 years$494,657$485,444$476,516$467,859$459,462$452,521
3 years$326,495$317,243$308,337$299,762$291,502$284,718
4 years$242,431$233,207$224,391$215,962$207,902$201,327
5 years$192,006$182,837$174,136$165,879$158,043$151,698
6 years$158,400$149,300$140,728$132,655$125,054$118,946
7 years$134,405$125,382$116,946$109,063$101,703$95,835
8 years$116,417$107,476$99,179$91,490$84,372$78,744
9 years$102,434$93,577$85,423$77,929$71,054$65,664
10 years$91,254$82,484$74,474$67,176$60,541$55,387
11 years$82,113$73,430$65,565$58,463$52,067$47,145
12 years$74,500$65,907$58,188$51,280$45,121$40,426
13 years$68,064$59,561$51,987$45,273$39,346$34,874
14 years$62,552$54,139$46,710$40,188$34,490$30,236
15 years$57,780$49,457$42,173$35,841$30,368$26,325
16 years$53,608$45,376$38,236$32,091$26,839$23,002
17 years$49,930$41,789$34,793$28,834$23,798$20,159
18 years$46,665$38,615$31,762$25,985$21,160$17,714
19 years$43,747$35,788$29,077$23,480$18,860$15,600
20 years$41,124$33,256$26,685$21,265$16,846$13,765
21 years$38,754$30,977$24,545$19,300$15,076$12,167
22 years$36,602$28,916$22,622$17,548$13,513$10,770
23 years$34,641$27,044$20,887$15,981$12,130$9,546
24 years$32,845$25,339$19,317$14,576$10,903$8,471
25 years$31,196$23,779$17,892$13,311$9,811$7,524
26 years$29,676$22,349$16,594$12,171$8,837$6,689
27 years$28,271$21,033$15,409$11,141$7,968$5,951
28 years$26,968$19,819$14,324$10,207$7,189$5,298
29 years$25,758$18,697$13,330$9,360$6,492$4,720
30 years$24,630$17,657$12,416$8,590$5,866$4,207
31 years$23,578$16,692$11,576$7,890$5,303$3,751
32 years$22,593$15,794$10,800$7,251$4,797$3,347
33 years$21,669$14,957$10,084$6,668$4,341$2,987
34 years$20,802$14,176$9,422$6,135$3,931$2,667
35 years$19,986$13,446$8,809$5,647$3,560$2,381
36 years$19,218$12,762$8,241$5,201$3,226$2,127
37 years$18,492$12,121$7,713$4,792$2,924$1,901
38 years$17,806$11,519$7,223$4,417$2,650$1,698
39 years$17,158$10,954$6,767$4,073$2,403$1,518
40 years$16,543$10,421$6,343$3,757$2,180$1,357
41 years$15,959$9,920$5,948$3,466$1,978$1,214
42 years$15,405$9,448$5,579$3,199$1,795$1,085
43 years$14,878$9,002$5,235$2,953$1,629$971
44 years$14,377$8,581$4,914$2,726$1,478$868
45 years$13,899$8,182$4,614$2,518$1,342$777
46 years$13,443$7,806$4,334$2,326$1,219$695
47 years$13,008$7,449$4,071$2,149$1,107$622
48 years$12,592$7,111$3,826$1,985$1,005$556
49 years$12,194$6,791$3,596$1,835$913$498
50 years$11,814$6,487$3,381$1,696$829$445

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,100,000, adding $4,879 every year, while hoping to spend $25,371 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: 65/28/7 Blend