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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$950,946
2 years$502,833$493,468$484,392$475,592$467,057$437,217
3 years$331,892$322,487$313,434$304,717$296,320$267,448
4 years$246,438$237,062$228,100$219,531$211,338$183,656
5 years$195,180$185,859$177,015$168,621$160,656$134,239
6 years$161,018$151,768$143,054$134,848$127,121$101,993
7 years$136,627$127,455$118,879$110,866$103,384$79,542
8 years$118,342$109,252$100,818$93,002$85,767$63,196
9 years$104,127$95,124$86,835$79,217$72,228$50,905
10 years$92,762$83,847$75,705$68,286$61,542$41,436
11 years$83,470$74,644$66,649$59,429$52,928$34,003
12 years$75,732$66,996$59,149$52,128$45,866$28,084
13 years$69,189$60,545$52,846$46,021$39,996$23,316
14 years$63,586$55,034$47,482$40,852$35,061$19,437
15 years$58,735$50,274$42,870$36,433$30,870$16,260
16 years$54,494$46,126$38,868$32,622$27,283$13,640
17 years$50,755$42,480$35,369$29,310$24,191$11,468
18 years$47,436$39,254$32,287$26,415$21,510$9,661
19 years$44,470$36,380$29,557$23,868$19,172$8,152
20 years$41,804$33,806$27,126$21,617$17,125$6,887
21 years$39,395$31,489$24,951$19,619$15,325$5,826
22 years$37,207$29,394$22,996$17,838$13,736$4,932
23 years$35,213$27,491$21,233$16,245$12,331$4,179
24 years$33,388$25,758$19,637$14,817$11,083$3,544
25 years$31,711$24,172$18,187$13,531$9,973$3,006
26 years$30,166$22,718$16,868$12,372$8,983$2,552
27 years$28,738$21,380$15,663$11,325$8,099$2,167
28 years$27,414$20,147$14,561$10,376$7,308$1,840
29 years$26,184$19,006$13,550$9,515$6,599$1,564
30 years$25,037$17,949$12,622$8,732$5,963$1,329
31 years$23,967$16,968$11,767$8,020$5,391$1,130
32 years$22,966$16,055$10,979$7,371$4,876$960
33 years$22,027$15,204$10,251$6,778$4,413$817
34 years$21,146$14,410$9,578$6,236$3,996$695
35 years$20,317$13,668$8,955$5,741$3,619$591
36 years$19,535$12,973$8,377$5,287$3,279$503
37 years$18,798$12,321$7,841$4,871$2,972$427
38 years$18,101$11,710$7,342$4,490$2,694$364
39 years$17,441$11,135$6,879$4,140$2,443$309
40 years$16,816$10,594$6,448$3,819$2,216$263
41 years$16,223$10,084$6,046$3,523$2,010$224
42 years$15,660$9,604$5,671$3,251$1,824$191
43 years$15,124$9,151$5,322$3,001$1,656$162
44 years$14,614$8,722$4,995$2,771$1,503$138
45 years$14,128$8,318$4,690$2,559$1,364$117
46 years$13,665$7,935$4,405$2,364$1,239$100
47 years$13,223$7,572$4,139$2,184$1,125$85
48 years$12,800$7,229$3,889$2,018$1,022$72
49 years$12,396$6,903$3,656$1,865$928$62
50 years$12,009$6,594$3,437$1,724$843$52

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 $3,781 every year, while hoping to spend $23,996 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: 57/28/15 Blend
79$12,300,000$12,300,000$12,300,000$12,300,000
80$13,558,500$12,906,600$12,715,950$14,278,553
81$14,915,936$13,513,492$13,116,403$15,373,812
82$16,411,025$14,149,317$13,529,467$16,563,789
83$18,057,784$14,815,468$13,955,538$17,859,962
84$19,871,657$15,513,405$14,395,028$19,272,524
85$21,869,663$16,244,658$14,848,357$20,812,680
86$24,070,554$17,010,832$15,315,963$22,492,749
87$26,494,997$17,813,610$15,798,295$24,326,276
88$29,165,765$18,654,755$16,295,815$26,328,156
89$32,107,951$19,536,116$16,809,004$28,514,768
90$35,349,210$20,459,634$17,338,353$30,904,130
91$38,920,014$21,427,341$17,884,373$33,516,058
92$42,853,944$22,441,368$18,447,588$36,372,353
93$47,188,003$23,503,952$19,028,539$39,497,000
94$51,962,969$24,617,436$19,627,785$42,916,388
95$57,223,779$25,784,277$20,245,902$46,659,553
96$63,019,949$27,007,051$20,883,484$50,758,450
97$69,406,048$28,288,461$21,541,145$55,248,242
98$76,442,208$29,631,339$22,219,517$60,167,632
99$84,194,694$31,038,655$22,919,251$65,559,216
100$92,736,528$32,513,524$23,641,021$71,469,883