Can I retire at age 80 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$454,185$450,139$446,192$442,340$438,578$434,359
2 years$224,844$220,656$216,598$212,663$208,847$204,597
3 years$148,407$144,201$140,153$136,255$132,501$128,352
4 years$110,196$106,003$101,996$98,164$94,501$90,484
5 years$87,275$83,108$79,153$75,400$71,838$67,966
6 years$72,000$67,864$63,967$60,298$56,843$53,120
7 years$61,093$56,992$53,157$49,574$46,229$42,657
8 years$52,917$48,853$45,081$41,586$38,351$34,930
9 years$46,561$42,535$38,829$35,422$32,297$29,026
10 years$41,479$37,493$33,852$30,534$27,519$24,395
11 years$37,324$33,377$29,802$26,574$23,667$20,688
12 years$33,864$29,958$26,449$23,309$20,509$17,673
13 years$30,938$27,073$23,630$20,578$17,885$15,187
14 years$28,433$24,609$21,232$18,267$15,677$13,115
15 years$26,263$22,480$19,170$16,291$13,804$11,373
16 years$24,367$20,625$17,380$14,587$12,200$9,897
17 years$22,696$18,995$15,815$13,106$10,817$8,637
18 years$21,211$17,552$14,437$11,811$9,618$7,557
19 years$19,885$16,267$13,217$10,673$8,573$6,627
20 years$18,693$15,116$12,130$9,666$7,657$5,822
21 years$17,615$14,080$11,157$8,773$6,853$5,123
22 years$16,637$13,144$10,283$7,976$6,142$4,515
23 years$15,746$12,293$9,494$7,264$5,514$3,983
24 years$14,930$11,518$8,781$6,625$4,956$3,518
25 years$14,180$10,809$8,133$6,051$4,459$3,111
26 years$13,489$10,158$7,543$5,532$4,017$2,752
27 years$12,850$9,560$7,004$5,064$3,622$2,437
28 years$12,258$9,009$6,511$4,640$3,268$2,159
29 years$11,708$8,499$6,059$4,255$2,951$1,914
30 years$11,196$8,026$5,644$3,905$2,666$1,698
31 years$10,717$7,587$5,262$3,586$2,411$1,507
32 years$10,269$7,179$4,909$3,296$2,180$1,338
33 years$9,850$6,799$4,584$3,031$1,973$1,188
34 years$9,456$6,444$4,283$2,789$1,787$1,055
35 years$9,085$6,112$4,004$2,567$1,618$938
36 years$8,735$5,801$3,746$2,364$1,466$833
37 years$8,405$5,510$3,506$2,178$1,329$741
38 years$8,094$5,236$3,283$2,008$1,205$659
39 years$7,799$4,979$3,076$1,851$1,092$586
40 years$7,519$4,737$2,883$1,708$991$521
41 years$7,254$4,509$2,703$1,575$899$463
42 years$7,002$4,294$2,536$1,454$816$412
43 years$6,763$4,092$2,380$1,342$740$367
44 years$6,535$3,900$2,234$1,239$672$326
45 years$6,318$3,719$2,097$1,144$610$290
46 years$6,110$3,548$1,970$1,057$554$258
47 years$5,913$3,386$1,851$977$503$230
48 years$5,724$3,232$1,739$902$457$205
49 years$5,543$3,087$1,635$834$415$182
50 years$5,370$2,949$1,537$771$377$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $5,500,000, adding $3,140 every year, while hoping to spend $52,866 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: 38/36/26 Blend
79$5,500,000$5,500,000$5,500,000$5,500,000
80$6,064,239$5,772,739$5,687,489$6,247,552
81$6,626,542$5,999,354$5,821,771$6,608,557
82$7,244,429$6,235,302$5,958,779$6,993,338
83$7,923,512$6,480,983$6,098,550$7,408,166
84$8,669,976$6,736,817$6,241,118$7,855,801
85$9,490,636$7,003,243$6,386,517$8,339,270
86$10,392,996$7,280,718$6,534,781$8,861,899
87$11,385,329$7,569,720$6,685,943$9,427,340
88$12,476,745$7,870,748$6,840,034$10,039,607
89$13,677,284$8,184,326$6,997,086$10,703,109
90$14,998,007$8,510,998$7,157,129$11,422,692
91$16,451,101$8,851,335$7,320,191$12,203,684
92$18,049,995$9,205,932$7,486,299$13,051,939
93$19,809,485$9,575,412$7,655,479$13,973,896
94$21,745,871$9,960,426$7,827,757$14,976,634
95$23,877,117$10,361,655$8,003,154$16,067,938
96$26,223,015$10,779,807$8,181,691$17,256,370
97$28,805,373$11,215,629$8,363,388$18,551,349
98$31,648,221$11,669,895$8,548,262$19,963,236
99$34,778,038$12,143,418$8,736,327$21,503,430
100$38,223,999$12,637,047$8,927,596$23,184,473