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%13.6%
1 years$1,007,465$998,491$989,735$981,190$972,845$958,307
2 years$498,745$489,456$480,454$471,726$463,260$448,646
3 years$329,194$319,865$310,886$302,239$293,911$279,676
4 years$244,435$235,135$226,245$217,746$209,620$195,873
5 years$193,593$184,348$175,575$167,250$159,350$146,131
6 years$159,709$150,534$141,891$133,751$126,088$113,412
7 years$135,516$126,419$117,912$109,964$102,543$90,416
8 years$117,379$108,364$99,999$92,246$85,069$73,488
9 years$103,281$94,350$86,129$78,573$71,641$60,599
10 years$92,008$83,165$75,089$67,731$61,042$50,532
11 years$82,791$74,037$66,107$58,946$52,498$42,509
12 years$75,116$66,452$58,669$51,704$45,493$36,013
13 years$68,627$60,053$52,416$45,647$39,671$30,687
14 years$63,069$54,586$47,096$40,520$34,776$26,272
15 years$58,257$49,866$42,522$36,137$30,619$22,582
16 years$54,051$45,751$38,552$32,357$27,061$19,475
17 years$50,343$42,135$35,081$29,072$23,994$16,842
18 years$47,051$38,934$32,024$26,200$21,335$14,600
19 years$44,109$36,084$29,317$23,674$19,016$12,682
20 years$41,464$33,531$26,906$21,441$16,986$11,035
21 years$39,074$31,233$24,748$19,459$15,200$9,616
22 years$36,905$29,155$22,809$17,693$13,625$8,391
23 years$34,927$27,268$21,060$16,113$12,230$7,330
24 years$33,116$25,548$19,477$14,696$10,993$6,409
25 years$31,453$23,976$18,040$13,421$9,892$5,609
26 years$29,921$22,533$16,731$12,272$8,910$4,912
27 years$28,504$21,206$15,536$11,233$8,033$4,305
28 years$27,191$19,983$14,443$10,292$7,249$3,774
29 years$25,971$18,851$13,440$9,438$6,545$3,311
30 years$24,834$17,803$12,519$8,661$5,914$2,906
31 years$23,772$16,830$11,671$7,955$5,347$2,551
32 years$22,779$15,925$10,889$7,311$4,837$2,240
33 years$21,848$15,081$10,167$6,723$4,377$1,968
34 years$20,974$14,293$9,500$6,186$3,963$1,729
35 years$20,152$13,557$8,882$5,694$3,590$1,520
36 years$19,376$12,867$8,309$5,244$3,252$1,336
37 years$18,645$12,221$7,777$4,832$2,948$1,175
38 years$17,954$11,614$7,283$4,454$2,672$1,033
39 years$17,299$11,044$6,823$4,106$2,423$908
40 years$16,679$10,508$6,395$3,788$2,198$799
41 years$16,091$10,002$5,997$3,495$1,994$703
42 years$15,532$9,526$5,625$3,225$1,809$618
43 years$15,001$9,076$5,278$2,977$1,642$544
44 years$14,495$8,651$4,955$2,749$1,491$479
45 years$14,013$8,250$4,652$2,539$1,353$421
46 years$13,554$7,870$4,370$2,345$1,229$371
47 years$13,115$7,511$4,105$2,166$1,116$326
48 years$12,696$7,170$3,858$2,002$1,013$287
49 years$12,295$6,847$3,626$1,850$920$253
50 years$11,911$6,540$3,409$1,710$836$222

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 $3,535 every year, while hoping to spend $52,243 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: 43/43/14 Blend
79$12,200,000$12,200,000$12,200,000$12,200,000
80$13,448,046$12,801,446$12,612,346$13,971,466
81$14,764,161$13,373,131$12,979,274$14,910,205
82$16,212,768$13,971,077$13,356,742$15,921,095
83$17,807,327$14,596,517$13,745,050$17,015,120
84$19,562,669$15,250,740$14,144,503$18,199,933
85$21,495,133$15,935,098$14,555,416$19,483,933
86$23,622,726$16,651,008$14,978,112$20,876,337
87$25,965,289$17,399,953$15,412,924$22,387,266
88$28,544,685$18,183,486$15,860,193$24,027,829
89$31,385,003$19,003,238$16,320,270$25,810,228
90$34,512,790$19,860,913$16,793,516$27,747,862
91$37,957,297$20,758,299$17,280,300$29,855,454
92$41,750,755$21,697,270$17,781,004$32,149,177
93$45,928,683$22,679,788$18,296,019$34,646,804
94$50,530,220$23,707,908$18,825,747$37,367,865
95$55,598,493$24,783,786$19,370,600$40,333,830
96$61,181,027$25,909,679$19,931,002$43,568,299
97$67,330,191$27,087,953$20,507,390$47,097,218
98$74,103,693$28,321,086$21,100,211$50,949,114
99$81,565,127$29,611,676$21,709,925$55,155,362
100$89,784,566$30,962,444$22,337,004$59,750,462