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

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 $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%13.4%
1 years$999,207$990,306$981,623$973,147$964,871$951,238
2 years$494,657$485,444$476,516$467,859$459,462$445,753
3 years$326,495$317,243$308,337$299,762$291,502$278,143
4 years$242,431$233,207$224,391$215,962$207,902$194,996
5 years$192,006$182,837$174,136$165,879$158,043$145,629
6 years$158,400$149,300$140,728$132,655$125,054$113,146
7 years$134,405$125,382$116,946$109,063$101,703$90,304
8 years$116,417$107,476$99,179$91,490$84,372$73,481
9 years$102,434$93,577$85,423$77,929$71,054$60,666
10 years$91,254$82,484$74,474$67,176$60,541$50,649
11 years$82,113$73,430$65,565$58,463$52,067$42,661
12 years$74,500$65,907$58,188$51,280$45,121$36,189
13 years$68,064$59,561$51,987$45,273$39,346$30,876
14 years$62,552$54,139$46,710$40,188$34,490$26,470
15 years$57,780$49,457$42,173$35,841$30,368$22,783
16 years$53,608$45,376$38,236$32,091$26,839$19,676
17 years$49,930$41,789$34,793$28,834$23,798$17,040
18 years$46,665$38,615$31,762$25,985$21,160$14,793
19 years$43,747$35,788$29,077$23,480$18,860$12,868
20 years$41,124$33,256$26,685$21,265$16,846$11,214
21 years$38,754$30,977$24,545$19,300$15,076$9,787
22 years$36,602$28,916$22,622$17,548$13,513$8,553
23 years$34,641$27,044$20,887$15,981$12,130$7,483
24 years$32,845$25,339$19,317$14,576$10,903$6,553
25 years$31,196$23,779$17,892$13,311$9,811$5,744
26 years$29,676$22,349$16,594$12,171$8,837$5,038
27 years$28,271$21,033$15,409$11,141$7,968$4,422
28 years$26,968$19,819$14,324$10,207$7,189$3,884
29 years$25,758$18,697$13,330$9,360$6,492$3,413
30 years$24,630$17,657$12,416$8,590$5,866$3,000
31 years$23,578$16,692$11,576$7,890$5,303$2,638
32 years$22,593$15,794$10,800$7,251$4,797$2,321
33 years$21,669$14,957$10,084$6,668$4,341$2,042
34 years$20,802$14,176$9,422$6,135$3,931$1,797
35 years$19,986$13,446$8,809$5,647$3,560$1,582
36 years$19,218$12,762$8,241$5,201$3,226$1,393
37 years$18,492$12,121$7,713$4,792$2,924$1,227
38 years$17,806$11,519$7,223$4,417$2,650$1,081
39 years$17,158$10,954$6,767$4,073$2,403$952
40 years$16,543$10,421$6,343$3,757$2,180$839
41 years$15,959$9,920$5,948$3,466$1,978$739
42 years$15,405$9,448$5,579$3,199$1,795$651
43 years$14,878$9,002$5,235$2,953$1,629$574
44 years$14,377$8,581$4,914$2,726$1,478$506
45 years$13,899$8,182$4,614$2,518$1,342$446
46 years$13,443$7,806$4,334$2,326$1,219$393
47 years$13,008$7,449$4,071$2,149$1,107$347
48 years$12,592$7,111$3,826$1,985$1,005$305
49 years$12,194$6,791$3,596$1,835$913$269
50 years$11,814$6,487$3,381$1,696$829$237

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 $5,117 every year, while hoping to spend $26,346 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: 27/45/28 Blend
79$12,100,000$12,100,000$12,100,000$12,100,000
80$13,339,478$12,698,178$12,510,628$13,583,218
81$14,672,073$13,292,357$12,901,702$14,375,333
82$16,139,710$13,914,768$13,304,994$15,222,580
83$17,756,134$14,566,765$13,720,886$16,131,711
84$19,536,495$15,249,772$14,149,770$17,108,018
85$21,497,483$15,965,276$14,592,053$18,157,289
86$23,657,492$16,714,841$15,048,153$19,285,855
87$26,036,791$17,500,103$15,518,501$20,500,645
88$28,657,715$18,322,779$16,003,542$21,809,243
89$31,544,876$19,184,669$16,503,735$23,219,955
90$34,725,396$20,087,660$17,019,552$24,741,878
91$38,229,161$21,033,731$17,551,483$26,384,979
92$42,089,107$22,024,955$18,100,028$28,160,184
93$46,341,525$23,063,507$18,665,708$30,079,467
94$51,026,408$24,151,667$19,249,058$32,155,958
95$56,187,828$25,291,825$19,850,628$34,404,059
96$61,874,350$26,486,487$20,470,987$36,839,567
97$68,139,491$27,738,283$21,110,722$39,479,816
98$75,042,226$29,049,965$21,770,438$42,343,830
99$82,647,544$30,424,425$22,450,759$45,452,489
100$91,027,061$31,864,689$23,152,327$48,828,719