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

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 $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%15.1%
1 years$412,895$409,217$405,629$402,127$398,707$390,338
2 years$204,404$200,597$196,907$193,330$189,860$181,468
3 years$134,915$131,092$127,412$123,869$120,455$112,302
4 years$100,178$96,367$92,723$89,240$85,910$78,057
5 years$79,341$75,553$71,957$68,545$65,307$57,779
6 years$65,455$61,694$58,152$54,816$51,675$44,479
7 years$55,539$51,811$48,325$45,067$42,026$35,162
8 years$48,106$44,411$40,983$37,806$34,865$28,332
9 years$42,328$38,668$35,299$32,202$29,361$23,155
10 years$37,708$34,084$30,774$27,759$25,017$19,131
11 years$33,931$30,343$27,093$24,158$21,515$15,943
12 years$30,785$27,234$24,044$21,190$18,645$13,376
13 years$28,126$24,612$21,482$18,708$16,259$11,286
14 years$25,848$22,371$19,302$16,607$14,252$9,565
15 years$23,876$20,437$17,427$14,810$12,549$8,137
16 years$22,152$18,750$15,800$13,261$11,091$6,943
17 years$20,632$17,268$14,377$11,915$9,834$5,941
18 years$19,283$15,957$13,125$10,738$8,744$5,094
19 years$18,077$14,789$12,015$9,702$7,793$4,376
20 years$16,993$13,742$11,027$8,787$6,961$3,765
21 years$16,014$12,800$10,143$7,975$6,230$3,244
22 years$15,125$11,949$9,348$7,251$5,584$2,798
23 years$14,314$11,175$8,631$6,604$5,012$2,416
24 years$13,572$10,471$7,982$6,023$4,505$2,088
25 years$12,891$9,826$7,393$5,501$4,054$1,806
26 years$12,263$9,235$6,857$5,029$3,652$1,563
27 years$11,682$8,691$6,367$4,604$3,292$1,353
28 years$11,144$8,190$5,919$4,218$2,971$1,172
29 years$10,644$7,726$5,508$3,868$2,683$1,015
30 years$10,178$7,296$5,131$3,550$2,424$880
31 years$9,743$6,898$4,783$3,260$2,191$763
32 years$9,336$6,526$4,463$2,996$1,982$662
33 years$8,954$6,181$4,167$2,755$1,794$574
34 years$8,596$5,858$3,893$2,535$1,624$498
35 years$8,259$5,556$3,640$2,334$1,471$432
36 years$7,941$5,274$3,405$2,149$1,333$375
37 years$7,641$5,009$3,187$1,980$1,208$326
38 years$7,358$4,760$2,985$1,825$1,095$283
39 years$7,090$4,526$2,796$1,683$993$246
40 years$6,836$4,306$2,621$1,552$901$213
41 years$6,595$4,099$2,458$1,432$817$185
42 years$6,366$3,904$2,305$1,322$742$161
43 years$6,148$3,720$2,163$1,220$673$140
44 years$5,941$3,546$2,031$1,127$611$121
45 years$5,743$3,381$1,907$1,040$555$105
46 years$5,555$3,225$1,791$961$504$92
47 years$5,375$3,078$1,682$888$457$80
48 years$5,203$2,938$1,581$820$415$69
49 years$5,039$2,806$1,486$758$377$60
50 years$4,882$2,680$1,397$701$343$52

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 $2,301 every year, while hoping to spend $25,215 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: 48/31/21 Blend
79$5,000,000$5,000,000$5,000,000$5,000,000
80$5,512,373$5,247,373$5,169,873$5,744,093
81$6,047,807$5,477,666$5,316,236$6,136,049
82$6,637,010$5,718,398$5,466,656$6,558,704
83$7,285,439$5,970,054$5,621,243$7,017,147
84$7,999,110$6,233,142$5,780,111$7,514,747
85$8,784,647$6,508,194$5,943,372$8,055,208
86$9,649,352$6,795,767$6,111,146$8,642,599
87$10,601,270$7,096,444$6,283,554$9,281,392
88$11,649,266$7,410,836$6,460,720$9,976,501
89$12,803,107$7,739,584$6,642,770$10,733,328
90$14,073,558$8,083,356$6,829,836$11,557,814
91$15,472,477$8,442,857$7,022,052$12,456,489
92$17,012,933$8,818,821$7,219,554$13,436,536
93$18,709,327$9,212,018$7,422,484$14,505,852
94$20,577,528$9,623,256$7,630,987$15,673,125
95$22,635,020$10,053,379$7,845,209$16,947,912
96$24,901,071$10,503,275$8,065,303$18,340,725
97$27,396,914$10,973,869$8,291,424$19,863,130
98$30,145,945$11,466,134$8,523,733$21,527,855
99$33,173,946$11,981,089$8,762,392$23,348,904
100$36,509,325$12,519,799$9,007,569$25,341,687