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:
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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$999,207$990,306$981,623$973,147$964,871$930,267
2 years$494,657$485,444$476,516$467,859$459,462$424,973
3 years$326,495$317,243$308,337$299,762$291,502$258,212
4 years$242,431$233,207$224,391$215,962$207,902$176,066
5 years$192,006$182,837$174,136$165,879$158,043$127,745
6 years$158,400$149,300$140,728$132,655$125,054$96,315
7 years$134,405$125,382$116,946$109,063$101,703$74,516
8 years$116,417$107,476$99,179$91,490$84,372$58,716
9 years$102,434$93,577$85,423$77,929$71,054$46,893
10 years$91,254$82,484$74,474$67,176$60,541$37,835
11 years$82,113$73,430$65,565$58,463$52,067$30,769
12 years$74,500$65,907$58,188$51,280$45,121$25,177
13 years$68,064$59,561$51,987$45,273$39,346$20,704
14 years$62,552$54,139$46,710$40,188$34,490$17,093
15 years$57,780$49,457$42,173$35,841$30,368$14,157
16 years$53,608$45,376$38,236$32,091$26,839$11,756
17 years$49,930$41,789$34,793$28,834$23,798$9,784
18 years$46,665$38,615$31,762$25,985$21,160$8,156
19 years$43,747$35,788$29,077$23,480$18,860$6,810
20 years$41,124$33,256$26,685$21,265$16,846$5,692
21 years$38,754$30,977$24,545$19,300$15,076$4,763
22 years$36,602$28,916$22,622$17,548$13,513$3,989
23 years$34,641$27,044$20,887$15,981$12,130$3,342
24 years$32,845$25,339$19,317$14,576$10,903$2,803
25 years$31,196$23,779$17,892$13,311$9,811$2,351
26 years$29,676$22,349$16,594$12,171$8,837$1,973
27 years$28,271$21,033$15,409$11,141$7,968$1,657
28 years$26,968$19,819$14,324$10,207$7,189$1,391
29 years$25,758$18,697$13,330$9,360$6,492$1,169
30 years$24,630$17,657$12,416$8,590$5,866$982
31 years$23,578$16,692$11,576$7,890$5,303$825
32 years$22,593$15,794$10,800$7,251$4,797$693
33 years$21,669$14,957$10,084$6,668$4,341$583
34 years$20,802$14,176$9,422$6,135$3,931$490
35 years$19,986$13,446$8,809$5,647$3,560$412
36 years$19,218$12,762$8,241$5,201$3,226$346
37 years$18,492$12,121$7,713$4,792$2,924$291
38 years$17,806$11,519$7,223$4,417$2,650$245
39 years$17,158$10,954$6,767$4,073$2,403$206
40 years$16,543$10,421$6,343$3,757$2,180$173
41 years$15,959$9,920$5,948$3,466$1,978$146
42 years$15,405$9,448$5,579$3,199$1,795$122
43 years$14,878$9,002$5,235$2,953$1,629$103
44 years$14,377$8,581$4,914$2,726$1,478$87
45 years$13,899$8,182$4,614$2,518$1,342$73
46 years$13,443$7,806$4,334$2,326$1,219$61
47 years$13,008$7,449$4,071$2,149$1,107$51
48 years$12,592$7,111$3,826$1,985$1,005$43
49 years$12,194$6,791$3,596$1,835$913$36
50 years$11,814$6,487$3,381$1,696$829$31

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 $2,606 every year, while hoping to spend $29,513 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: 65/27/8 Blend
79$12,100,000$12,100,000$12,100,000$12,100,000
80$13,336,888$12,695,588$12,508,038$14,182,928
81$14,665,849$13,286,270$12,895,656$15,337,012
82$16,129,375$13,904,907$13,295,269$16,593,674
83$17,741,160$14,552,836$13,707,250$17,965,855
84$19,516,295$15,231,462$14,131,979$19,464,794
85$21,471,408$15,942,254$14,569,851$21,102,852
86$23,624,823$16,686,756$15,021,273$22,893,624
87$25,996,731$17,466,583$15,486,661$24,852,065
88$28,609,382$18,283,430$15,966,449$26,994,629
89$31,487,294$19,139,073$16,461,081$29,339,419
90$34,657,486$20,035,376$16,971,015$31,906,353
91$38,149,730$20,974,290$17,496,724$34,717,349
92$41,996,834$21,957,861$18,038,696$37,796,527
93$46,234,951$22,988,237$18,597,432$41,170,435
94$50,903,921$24,067,665$19,173,451$44,868,288
95$56,047,645$25,198,505$19,767,286$48,922,245
96$61,714,503$26,383,230$20,379,488$53,367,707
97$67,957,805$27,624,431$21,010,623$58,243,642
98$74,836,299$28,924,826$21,661,277$63,592,947
99$82,414,723$30,287,264$22,332,052$69,462,854
100$90,764,418$31,714,733$23,023,569$75,905,359