Can I retire at age 80 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$412,895$409,217$405,629$402,127$398,707$384,714
2 years$204,404$200,597$196,907$193,330$189,860$175,909
3 years$134,915$131,092$127,412$123,869$120,455$106,985
4 years$100,178$96,367$92,723$89,240$85,910$73,023
5 years$79,341$75,553$71,957$68,545$65,307$53,038
6 years$65,455$61,694$58,152$54,816$51,675$40,032
7 years$55,539$51,811$48,325$45,067$42,026$31,008
8 years$48,106$44,411$40,983$37,806$34,865$24,462
9 years$42,328$38,668$35,299$32,202$29,361$19,560
10 years$37,708$34,084$30,774$27,759$25,017$15,802
11 years$33,931$30,343$27,093$24,158$21,515$12,867
12 years$30,785$27,234$24,044$21,190$18,645$10,543
13 years$28,126$24,612$21,482$18,708$16,259$8,682
14 years$25,848$22,371$19,302$16,607$14,252$7,177
15 years$23,876$20,437$17,427$14,810$12,549$5,953
16 years$22,152$18,750$15,800$13,261$11,091$4,951
17 years$20,632$17,268$14,377$11,915$9,834$4,126
18 years$19,283$15,957$13,125$10,738$8,744$3,445
19 years$18,077$14,789$12,015$9,702$7,793$2,880
20 years$16,993$13,742$11,027$8,787$6,961$2,411
21 years$16,014$12,800$10,143$7,975$6,230$2,021
22 years$15,125$11,949$9,348$7,251$5,584$1,695
23 years$14,314$11,175$8,631$6,604$5,012$1,423
24 years$13,572$10,471$7,982$6,023$4,505$1,195
25 years$12,891$9,826$7,393$5,501$4,054$1,004
26 years$12,263$9,235$6,857$5,029$3,652$844
27 years$11,682$8,691$6,367$4,604$3,292$710
28 years$11,144$8,190$5,919$4,218$2,971$597
29 years$10,644$7,726$5,508$3,868$2,683$502
30 years$10,178$7,296$5,131$3,550$2,424$423
31 years$9,743$6,898$4,783$3,260$2,191$356
32 years$9,336$6,526$4,463$2,996$1,982$299
33 years$8,954$6,181$4,167$2,755$1,794$252
34 years$8,596$5,858$3,893$2,535$1,624$212
35 years$8,259$5,556$3,640$2,334$1,471$179
36 years$7,941$5,274$3,405$2,149$1,333$151
37 years$7,641$5,009$3,187$1,980$1,208$127
38 years$7,358$4,760$2,985$1,825$1,095$107
39 years$7,090$4,526$2,796$1,683$993$90
40 years$6,836$4,306$2,621$1,552$901$76
41 years$6,595$4,099$2,458$1,432$817$64
42 years$6,366$3,904$2,305$1,322$742$54
43 years$6,148$3,720$2,163$1,220$673$45
44 years$5,941$3,546$2,031$1,127$611$38
45 years$5,743$3,381$1,907$1,040$555$32
46 years$5,555$3,225$1,791$961$504$27
47 years$5,375$3,078$1,682$888$457$23
48 years$5,203$2,938$1,581$820$415$19
49 years$5,039$2,806$1,486$758$377$16
50 years$4,882$2,680$1,397$701$343$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $5,000,000, adding $5,363 every year, while hoping to spend $30,154 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: 81/10/9 Blend
79$5,000,000$5,000,000$5,000,000$5,000,000
80$5,515,532$5,250,532$5,173,032$5,954,724
81$6,046,033$5,475,724$5,314,245$6,468,422
82$6,629,634$5,710,941$5,459,178$7,027,603
83$7,271,720$5,956,640$5,607,924$7,640,445
84$7,978,223$6,213,303$5,760,577$8,312,305
85$8,755,680$6,481,434$5,917,235$9,049,078
86$9,611,294$6,761,559$6,077,997$9,857,258
87$10,553,001$7,054,230$6,242,965$10,743,997
88$11,589,544$7,360,024$6,412,241$11,717,169
89$12,730,559$7,679,547$6,585,933$12,785,450
90$13,986,663$8,013,431$6,764,148$13,958,391
91$15,369,553$8,362,339$6,946,997$15,246,515
92$16,892,119$8,726,966$7,134,593$16,661,412
93$18,568,566$9,108,038$7,327,053$18,215,846
94$20,414,544$9,506,316$7,524,493$19,923,880
95$22,447,299$9,922,597$7,727,036$21,801,003
96$24,685,835$10,357,716$7,934,803$23,864,276
97$27,151,093$10,812,547$8,147,921$26,132,494
98$29,866,146$11,288,004$8,366,519$28,626,364
99$32,856,424$11,785,046$8,590,728$31,368,695
100$36,149,943$12,304,678$8,820,681$34,384,614