Can I retire at age 80 with 5,400,000?

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 $5,400,000?

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 years$445,927$441,955$438,080$434,297$430,604$428,789
2 years$220,756$216,645$212,660$208,797$205,049$203,218
3 years$145,709$141,580$137,605$133,778$130,092$128,299
4 years$108,192$104,076$100,141$96,380$92,783$91,043
5 years$85,689$81,597$77,714$74,029$70,532$68,851
6 years$70,691$66,630$62,804$59,201$55,809$54,189
7 years$59,983$55,956$52,191$48,673$45,388$43,829
8 years$51,955$47,964$44,262$40,830$37,654$36,156
9 years$45,714$41,762$38,123$34,778$31,710$30,273
10 years$40,725$36,811$33,236$29,979$27,018$25,642
11 years$36,645$32,771$29,261$26,091$23,237$21,920
12 years$33,248$29,413$25,968$22,885$20,136$18,878
13 years$30,376$26,581$23,201$20,204$17,559$16,359
14 years$27,916$24,161$20,846$17,935$15,392$14,248
15 years$25,786$22,072$18,821$15,995$13,553$12,463
16 years$23,924$20,250$17,064$14,322$11,978$10,941
17 years$22,283$18,650$15,528$12,868$10,620$9,636
18 years$20,826$17,233$14,175$11,597$9,443$8,508
19 years$19,523$15,972$12,976$10,479$8,417$7,531
20 years$18,353$14,842$11,909$9,490$7,518$6,679
21 years$17,295$13,824$10,954$8,613$6,728$5,934
22 years$16,335$12,905$10,096$7,831$6,031$5,280
23 years$15,459$12,069$9,322$7,132$5,413$4,704
24 years$14,658$11,308$8,621$6,505$4,866$4,197
25 years$13,922$10,612$7,985$5,941$4,378$3,748
26 years$13,244$9,974$7,405$5,432$3,944$3,350
27 years$12,617$9,386$6,877$4,972$3,556$2,997
28 years$12,035$8,845$6,393$4,555$3,208$2,683
29 years$11,495$8,344$5,949$4,177$2,897$2,404
30 years$10,992$7,880$5,541$3,834$2,618$2,154
31 years$10,522$7,449$5,166$3,521$2,367$1,932
32 years$10,083$7,049$4,820$3,236$2,141$1,734
33 years$9,671$6,675$4,500$2,976$1,937$1,556
34 years$9,284$6,326$4,205$2,738$1,754$1,397
35 years$8,920$6,001$3,931$2,520$1,589$1,255
36 years$8,576$5,695$3,678$2,321$1,440$1,128
37 years$8,253$5,409$3,442$2,139$1,305$1,014
38 years$7,947$5,141$3,223$1,971$1,183$911
39 years$7,657$4,888$3,020$1,818$1,073$819
40 years$7,383$4,651$2,831$1,676$973$737
41 years$7,122$4,427$2,654$1,547$883$663
42 years$6,875$4,216$2,490$1,427$801$596
43 years$6,640$4,017$2,336$1,318$727$537
44 years$6,416$3,829$2,193$1,217$660$483
45 years$6,203$3,652$2,059$1,124$599$435
46 years$5,999$3,484$1,934$1,038$544$391
47 years$5,805$3,324$1,817$959$494$352
48 years$5,619$3,174$1,707$886$448$317
49 years$5,442$3,031$1,605$819$407$285
50 years$5,272$2,895$1,509$757$370$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $5,400,000, adding $4,843 every year, while hoping to spend $25,049 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: 72/17/11 Blend
79$5,400,000$5,400,000$5,400,000$5,400,000
80$5,955,796$5,669,596$5,585,896$6,371,231
81$6,536,635$5,920,754$5,746,371$6,897,829
82$7,175,880$6,183,379$5,911,383$7,470,697
83$7,879,462$6,458,007$6,081,057$8,097,285
84$8,653,917$6,745,199$6,255,522$8,782,894
85$9,506,444$7,045,542$6,434,909$9,533,356
86$10,444,979$7,359,651$6,619,356$10,355,092
87$11,478,264$7,688,171$6,809,002$11,255,170
88$12,615,933$8,031,777$7,003,989$12,241,371
89$13,868,601$8,391,177$7,204,466$13,322,260
90$15,247,965$8,767,111$7,410,582$14,507,267
91$16,766,914$9,160,357$7,622,494$15,806,775
92$18,439,651$9,571,726$7,840,359$17,232,218
93$20,281,827$10,002,072$8,064,343$18,796,182
94$22,310,687$10,452,287$8,294,611$20,512,529
95$24,545,234$10,923,306$8,531,338$22,396,524
96$27,006,408$11,416,108$8,774,698$24,464,977
97$29,717,286$11,931,722$9,024,875$26,736,401
98$32,703,294$12,471,221$9,282,053$29,231,183
99$35,992,452$13,035,734$9,546,424$31,971,779
100$39,615,638$13,626,440$9,818,185$34,982,921