Can I retire at age 80 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,007,465$998,491$989,735$981,190$972,845$952,035
2 years$498,745$489,456$480,454$471,726$463,260$442,396
3 years$329,194$319,865$310,886$302,239$293,911$273,644
4 years$244,435$235,135$226,245$217,746$209,620$190,106
5 years$193,593$184,348$175,575$167,250$159,350$140,644
6 years$159,709$150,534$141,891$133,751$126,088$108,210
7 years$135,516$126,419$117,912$109,964$102,543$85,497
8 years$117,379$108,364$99,999$92,246$85,069$68,849
9 years$103,281$94,350$86,129$78,573$71,641$56,234
10 years$92,008$83,165$75,089$67,731$61,042$46,434
11 years$82,791$74,037$66,107$58,946$52,498$38,670
12 years$75,116$66,452$58,669$51,704$45,493$32,424
13 years$68,627$60,053$52,416$45,647$39,671$27,338
14 years$63,069$54,586$47,096$40,520$34,776$23,154
15 years$58,257$49,866$42,522$36,137$30,619$19,683
16 years$54,051$45,751$38,552$32,357$27,061$16,785
17 years$50,343$42,135$35,081$29,072$23,994$14,351
18 years$47,051$38,934$32,024$26,200$21,335$12,296
19 years$44,109$36,084$29,317$23,674$19,016$10,555
20 years$41,464$33,531$26,906$21,441$16,986$9,075
21 years$39,074$31,233$24,748$19,459$15,200$7,813
22 years$36,905$29,155$22,809$17,693$13,625$6,734
23 years$34,927$27,268$21,060$16,113$12,230$5,810
24 years$33,116$25,548$19,477$14,696$10,993$5,017
25 years$31,453$23,976$18,040$13,421$9,892$4,335
26 years$29,921$22,533$16,731$12,272$8,910$3,748
27 years$28,504$21,206$15,536$11,233$8,033$3,243
28 years$27,191$19,983$14,443$10,292$7,249$2,807
29 years$25,971$18,851$13,440$9,438$6,545$2,430
30 years$24,834$17,803$12,519$8,661$5,914$2,105
31 years$23,772$16,830$11,671$7,955$5,347$1,824
32 years$22,779$15,925$10,889$7,311$4,837$1,580
33 years$21,848$15,081$10,167$6,723$4,377$1,370
34 years$20,974$14,293$9,500$6,186$3,963$1,188
35 years$20,152$13,557$8,882$5,694$3,590$1,030
36 years$19,376$12,867$8,309$5,244$3,252$893
37 years$18,645$12,221$7,777$4,832$2,948$775
38 years$17,954$11,614$7,283$4,454$2,672$672
39 years$17,299$11,044$6,823$4,106$2,423$583
40 years$16,679$10,508$6,395$3,788$2,198$506
41 years$16,091$10,002$5,997$3,495$1,994$439
42 years$15,532$9,526$5,625$3,225$1,809$381
43 years$15,001$9,076$5,278$2,977$1,642$330
44 years$14,495$8,651$4,955$2,749$1,491$287
45 years$14,013$8,250$4,652$2,539$1,353$249
46 years$13,554$7,870$4,370$2,345$1,229$216
47 years$13,115$7,511$4,105$2,166$1,116$187
48 years$12,696$7,170$3,858$2,002$1,013$163
49 years$12,295$6,847$3,626$1,850$920$141
50 years$11,911$6,540$3,409$1,710$836$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,200,000, adding $4,082 every year, while hoping to spend $27,714 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: 62/16/22 Blend
79$12,200,000$12,200,000$12,200,000$12,200,000
80$13,448,611$12,802,011$12,612,911$14,204,785
81$14,790,881$13,399,822$13,005,956$15,314,225
82$16,269,135$14,025,997$13,411,239$16,521,547
83$17,897,212$14,681,896$13,829,141$17,839,094
84$19,690,365$15,368,946$14,260,054$19,277,616
85$21,665,400$16,088,642$14,704,384$20,848,940
86$23,840,837$16,842,552$15,162,547$22,566,077
87$26,237,084$17,632,319$15,634,974$24,443,344
88$28,876,630$18,459,665$16,122,108$26,496,497
89$31,784,255$19,326,397$16,624,408$28,742,873
90$34,987,267$20,234,409$17,142,344$31,201,556
91$38,515,759$21,185,686$17,676,403$33,893,551
92$42,402,890$22,182,308$18,227,086$36,841,975
93$46,685,202$23,226,458$18,794,911$40,072,281
94$51,402,962$24,320,424$19,380,410$43,612,486
95$56,600,544$25,466,605$19,984,133$47,493,434
96$62,326,845$26,667,514$20,606,647$51,749,086
97$68,635,749$27,925,789$21,248,536$56,416,833
98$75,586,637$29,244,193$21,910,403$61,537,847
99$83,244,941$30,625,626$22,592,869$67,157,462
100$91,682,769$32,073,126$23,296,574$73,325,600