Can I retire at age 80 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$972,579
2 years$515,097$505,504$496,207$487,192$478,448$446,342
3 years$339,987$330,352$321,079$312,149$303,547$272,504
4 years$252,449$242,844$233,663$224,886$216,493$186,751
5 years$199,940$190,393$181,332$172,734$164,574$136,213
6 years$164,946$155,470$146,543$138,137$130,222$103,266
7 years$139,959$130,563$121,778$113,570$105,905$80,352
8 years$121,228$111,917$103,277$95,271$87,859$63,689
9 years$106,667$97,444$88,953$81,150$73,990$51,177
10 years$95,025$85,892$77,551$69,952$63,043$41,553
11 years$85,506$76,465$68,275$60,879$54,219$34,012
12 years$77,579$68,630$60,592$53,399$46,985$28,017
13 years$70,877$62,022$54,135$47,143$40,972$23,196
14 years$65,137$56,376$48,641$41,849$35,916$19,285
15 years$60,167$51,501$43,916$37,322$31,623$16,086
16 years$55,823$47,251$39,816$33,417$27,949$13,455
17 years$51,993$43,516$36,231$30,025$24,781$11,280
18 years$48,593$40,211$33,074$27,059$22,034$9,474
19 years$45,555$37,267$30,278$24,450$19,640$7,970
20 years$42,823$34,630$27,788$22,144$17,542$6,713
21 years$40,355$32,257$25,559$20,097$15,698$5,661
22 years$38,115$30,111$23,557$18,273$14,071$4,778
23 years$36,072$28,162$21,751$16,642$12,631$4,036
24 years$34,202$26,386$20,116$15,178$11,353$3,411
25 years$32,485$24,762$18,631$13,862$10,216$2,884
26 years$30,902$23,272$17,279$12,674$9,202$2,440
27 years$29,439$21,902$16,045$11,601$8,297$2,066
28 years$28,083$20,638$14,916$10,629$7,486$1,749
29 years$26,822$19,470$13,881$9,747$6,760$1,481
30 years$25,648$18,387$12,930$8,945$6,108$1,255
31 years$24,552$17,382$12,054$8,216$5,522$1,063
32 years$23,526$16,447$11,246$7,550$4,995$901
33 years$22,565$15,575$10,501$6,943$4,521$763
34 years$21,662$14,762$9,811$6,388$4,093$647
35 years$20,812$14,001$9,173$5,881$3,707$548
36 years$20,012$13,289$8,581$5,416$3,359$465
37 years$19,256$12,622$8,032$4,990$3,044$394
38 years$18,542$11,995$7,521$4,600$2,760$334
39 years$17,867$11,406$7,047$4,241$2,503$283
40 years$17,226$10,852$6,605$3,912$2,270$240
41 years$16,619$10,330$6,193$3,609$2,060$204
42 years$16,042$9,838$5,810$3,331$1,869$173
43 years$15,493$9,374$5,451$3,075$1,696$147
44 years$14,971$8,935$5,117$2,839$1,540$124
45 years$14,473$8,520$4,805$2,622$1,398$105
46 years$13,998$8,128$4,513$2,422$1,269$89
47 years$13,545$7,757$4,240$2,237$1,152$76
48 years$13,112$7,405$3,984$2,068$1,046$64
49 years$12,698$7,071$3,745$1,911$950$55
50 years$12,302$6,755$3,521$1,766$863$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,600,000, adding $3,726 every year, while hoping to spend $51,658 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: 75/8/17 Blend
79$12,600,000$12,600,000$12,600,000$12,600,000
80$13,889,043$13,221,243$13,025,943$14,877,083
81$15,250,762$13,814,121$13,407,349$16,124,373
82$16,749,645$14,434,317$13,799,800$17,484,347
83$18,399,628$15,083,118$14,203,612$18,973,607
84$20,216,066$15,761,868$14,619,110$20,605,014
85$22,215,882$16,471,976$15,046,627$22,392,730
86$24,417,719$17,214,919$15,486,506$24,352,349
87$26,842,121$17,992,245$15,939,099$26,501,043
88$29,511,727$18,805,575$16,404,768$28,857,722
89$32,451,481$19,656,606$16,883,886$31,443,212
90$35,688,871$20,547,119$17,376,835$34,280,447
91$39,254,187$21,478,979$17,884,010$37,394,687
92$43,180,803$22,454,138$18,405,814$40,813,752
93$47,505,500$23,474,646$18,942,663$44,568,286
94$52,268,803$24,542,646$19,494,985$48,692,040
95$57,515,372$25,660,386$20,063,218$53,222,189
96$63,294,419$26,830,224$20,647,814$58,199,684
97$69,660,171$28,054,627$21,249,238$63,669,635
98$76,672,387$29,336,181$21,867,965$69,681,731
99$84,396,914$30,677,598$22,504,486$76,290,711
100$92,906,319$32,081,720$23,159,305$83,556,877