Can I retire at age 80 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$956,332
2 years$502,833$493,468$484,392$475,592$467,057$442,541
3 years$331,892$322,487$313,434$304,717$296,320$272,543
4 years$246,438$237,062$228,100$219,531$211,338$188,482
5 years$195,180$185,859$177,015$168,621$160,656$138,785
6 years$161,018$151,768$143,054$134,848$127,121$106,257
7 years$136,627$127,455$118,879$110,866$103,384$83,528
8 years$118,342$109,252$100,818$93,002$85,767$66,911
9 years$104,127$95,124$86,835$79,217$72,228$54,357
10 years$92,762$83,847$75,705$68,286$61,542$44,634
11 years$83,470$74,644$66,649$59,429$52,928$36,959
12 years$75,732$66,996$59,149$52,128$45,866$30,808
13 years$69,189$60,545$52,846$46,021$39,996$25,819
14 years$63,586$55,034$47,482$40,852$35,061$21,733
15 years$58,735$50,274$42,870$36,433$30,870$18,360
16 years$54,494$46,126$38,868$32,622$27,283$15,557
17 years$50,755$42,480$35,369$29,310$24,191$13,214
18 years$47,436$39,254$32,287$26,415$21,510$11,248
19 years$44,470$36,380$29,557$23,868$19,172$9,591
20 years$41,804$33,806$27,126$21,617$17,125$8,190
21 years$39,395$31,489$24,951$19,619$15,325$7,003
22 years$37,207$29,394$22,996$17,838$13,736$5,994
23 years$35,213$27,491$21,233$16,245$12,331$5,135
24 years$33,388$25,758$19,637$14,817$11,083$4,403
25 years$31,711$24,172$18,187$13,531$9,973$3,777
26 years$30,166$22,718$16,868$12,372$8,983$3,242
27 years$28,738$21,380$15,663$11,325$8,099$2,785
28 years$27,414$20,147$14,561$10,376$7,308$2,392
29 years$26,184$19,006$13,550$9,515$6,599$2,056
30 years$25,037$17,949$12,622$8,732$5,963$1,768
31 years$23,967$16,968$11,767$8,020$5,391$1,520
32 years$22,966$16,055$10,979$7,371$4,876$1,308
33 years$22,027$15,204$10,251$6,778$4,413$1,125
34 years$21,146$14,410$9,578$6,236$3,996$968
35 years$20,317$13,668$8,955$5,741$3,619$833
36 years$19,535$12,973$8,377$5,287$3,279$717
37 years$18,798$12,321$7,841$4,871$2,972$617
38 years$18,101$11,710$7,342$4,490$2,694$531
39 years$17,441$11,135$6,879$4,140$2,443$457
40 years$16,816$10,594$6,448$3,819$2,216$394
41 years$16,223$10,084$6,046$3,523$2,010$339
42 years$15,660$9,604$5,671$3,251$1,824$292
43 years$15,124$9,151$5,322$3,001$1,656$251
44 years$14,614$8,722$4,995$2,771$1,503$216
45 years$14,128$8,318$4,690$2,559$1,364$186
46 years$13,665$7,935$4,405$2,364$1,239$161
47 years$13,223$7,572$4,139$2,184$1,125$138
48 years$12,800$7,229$3,889$2,018$1,022$119
49 years$12,396$6,903$3,656$1,865$928$103
50 years$12,009$6,594$3,437$1,724$843$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,300,000, adding $2,975 every year, while hoping to spend $37,668 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: 63/24/13 Blend
79$12,300,000$12,300,000$12,300,000$12,300,000
80$13,557,669$12,905,769$12,715,119$14,369,797
81$14,900,472$13,498,073$13,100,997$15,506,483
82$16,378,980$14,118,138$13,498,539$16,742,572
83$18,006,992$14,767,283$13,908,097$18,091,396
84$19,799,719$15,446,894$14,330,032$19,563,910
85$21,773,919$16,158,419$14,764,716$21,172,165
86$23,948,057$16,903,381$15,212,533$22,929,415
87$26,342,483$17,683,371$15,673,877$24,850,242
88$28,979,621$18,500,060$16,149,156$26,950,689
89$31,884,177$19,355,198$16,638,788$29,248,406
90$35,083,381$20,250,620$17,143,205$31,762,818
91$38,607,234$21,188,249$17,662,850$34,515,297
92$42,488,798$22,170,100$18,198,183$37,529,365
93$46,764,507$23,198,286$18,749,673$40,830,913
94$51,474,506$24,275,021$19,317,806$44,448,435
95$56,663,036$25,402,627$19,903,083$48,413,296
96$62,378,846$26,583,537$20,506,017$52,760,025
97$68,675,659$27,820,301$21,127,139$57,526,630
98$75,612,674$29,115,593$21,766,996$62,754,959
99$83,255,125$30,472,215$22,426,148$68,491,083
100$91,674,899$31,893,106$23,105,176$74,785,727