Can I retire at age 80 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$421,153$417,402$413,742$410,169$406,681$404,797
2 years$208,492$204,609$200,846$197,197$193,658$191,756
3 years$137,614$133,714$129,960$126,346$122,864$121,004
4 years$102,182$98,294$94,578$91,025$87,628$85,823
5 years$80,928$77,064$73,396$69,916$66,613$64,869
6 years$66,764$62,928$59,315$55,912$52,709$51,028
7 years$56,650$52,847$49,291$45,969$42,866$41,249
8 years$49,068$45,300$41,803$38,562$35,562$34,009
9 years$43,175$39,442$36,005$32,846$29,948$28,459
10 years$38,462$34,766$31,390$28,314$25,517$24,091
11 years$34,610$30,950$27,635$24,641$21,946$20,582
12 years$31,401$27,779$24,525$21,614$19,018$17,715
13 years$28,688$25,104$21,912$19,082$16,584$15,341
14 years$26,365$22,819$19,688$16,939$14,537$13,352
15 years$24,353$20,846$17,775$15,106$12,800$11,672
16 years$22,595$19,125$16,116$13,526$11,312$10,240
17 years$21,045$17,614$14,665$12,153$10,030$9,012
18 years$19,669$16,276$13,387$10,952$8,919$7,952
19 years$18,439$15,084$12,255$9,896$7,949$7,033
20 years$17,333$14,017$11,247$8,963$7,101$6,233
21 years$16,334$13,056$10,345$8,135$6,354$5,534
22 years$15,427$12,188$9,535$7,396$5,696$4,920
23 years$14,601$11,399$8,804$6,736$5,113$4,381
24 years$13,844$10,680$8,142$6,144$4,595$3,905
25 years$13,149$10,023$7,541$5,611$4,135$3,485
26 years$12,508$9,420$6,994$5,130$3,725$3,112
27 years$11,916$8,865$6,495$4,696$3,358$2,782
28 years$11,367$8,353$6,038$4,302$3,030$2,489
29 years$10,857$7,881$5,618$3,945$2,736$2,228
30 years$10,381$7,442$5,233$3,621$2,472$1,995
31 years$9,938$7,035$4,879$3,325$2,235$1,788
32 years$9,523$6,657$4,552$3,056$2,022$1,603
33 years$9,133$6,304$4,250$2,810$1,830$1,438
34 years$8,768$5,975$3,971$2,586$1,657$1,290
35 years$8,424$5,667$3,713$2,380$1,501$1,158
36 years$8,100$5,379$3,473$2,192$1,360$1,039
37 years$7,794$5,109$3,251$2,020$1,232$933
38 years$7,505$4,855$3,044$1,862$1,117$838
39 years$7,232$4,617$2,852$1,717$1,013$753
40 years$6,973$4,393$2,673$1,583$919$677
41 years$6,727$4,181$2,507$1,461$834$608
42 years$6,493$3,982$2,351$1,348$756$547
43 years$6,271$3,794$2,207$1,245$686$492
44 years$6,060$3,617$2,071$1,149$623$442
45 years$5,858$3,449$1,945$1,061$566$397
46 years$5,666$3,290$1,827$980$514$357
47 years$5,483$3,140$1,716$906$466$321
48 years$5,307$2,997$1,613$837$424$289
49 years$5,140$2,862$1,516$773$385$260
50 years$4,979$2,734$1,425$715$349$234

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $5,100,000, adding $6,999 every year, while hoping to spend $47,931 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: 35/42/23 Blend
79$5,100,000$5,100,000$5,100,000$5,100,000
80$5,627,419$5,357,119$5,278,069$5,784,897
81$6,150,418$5,568,620$5,403,887$6,113,433
82$6,725,156$5,788,878$5,532,312$6,462,781
83$7,356,860$6,018,271$5,663,383$6,838,757
84$8,051,289$6,257,195$5,797,135$7,243,767
85$8,814,786$6,506,064$5,933,605$7,680,447
86$9,654,342$6,765,309$6,072,828$8,151,692
87$10,577,656$7,035,380$6,214,840$8,660,679
88$11,593,214$7,316,750$6,359,673$9,210,897
89$12,710,362$7,609,911$6,507,363$9,806,176
90$13,939,401$7,915,379$6,657,941$10,450,724
91$15,291,678$8,233,690$6,811,440$11,149,162
92$16,779,696$8,565,408$6,967,891$11,906,569
93$18,417,233$8,911,121$7,127,323$12,728,523
94$20,219,468$9,271,443$7,289,765$13,621,158
95$22,203,126$9,647,017$7,455,245$14,591,215
96$24,386,638$10,038,514$7,623,789$15,646,104
97$26,790,310$10,446,636$7,795,421$16,793,972
98$29,436,518$10,872,118$7,970,164$18,043,779
99$32,349,918$11,315,726$8,148,039$19,405,378
100$35,557,677$11,778,264$8,329,066$20,889,606