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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$454,185$450,139$446,192$442,340$438,578$430,604
2 years$224,844$220,656$216,598$212,663$208,847$200,841
3 years$148,407$144,201$140,153$136,255$132,501$124,714
4 years$110,196$106,003$101,996$98,164$94,501$86,992
5 years$87,275$83,108$79,153$75,400$71,838$64,629
6 years$72,000$67,864$63,967$60,298$56,843$49,942
7 years$61,093$56,992$53,157$49,574$46,229$39,637
8 years$52,917$48,853$45,081$41,586$38,351$32,067
9 years$46,561$42,535$38,829$35,422$32,297$26,318
10 years$41,479$37,493$33,852$30,534$27,519$21,838
11 years$37,324$33,377$29,802$26,574$23,667$18,279
12 years$33,864$29,958$26,449$23,309$20,509$15,406
13 years$30,938$27,073$23,630$20,578$17,885$13,059
14 years$28,433$24,609$21,232$18,267$15,677$11,120
15 years$26,263$22,480$19,170$16,291$13,804$9,506
16 years$24,367$20,625$17,380$14,587$12,200$8,152
17 years$22,696$18,995$15,815$13,106$10,817$7,010
18 years$21,211$17,552$14,437$11,811$9,618$6,042
19 years$19,885$16,267$13,217$10,673$8,573$5,217
20 years$18,693$15,116$12,130$9,666$7,657$4,513
21 years$17,615$14,080$11,157$8,773$6,853$3,909
22 years$16,637$13,144$10,283$7,976$6,142$3,390
23 years$15,746$12,293$9,494$7,264$5,514$2,943
24 years$14,930$11,518$8,781$6,625$4,956$2,557
25 years$14,180$10,809$8,133$6,051$4,459$2,224
26 years$13,489$10,158$7,543$5,532$4,017$1,935
27 years$12,850$9,560$7,004$5,064$3,622$1,685
28 years$12,258$9,009$6,511$4,640$3,268$1,468
29 years$11,708$8,499$6,059$4,255$2,951$1,279
30 years$11,196$8,026$5,644$3,905$2,666$1,115
31 years$10,717$7,587$5,262$3,586$2,411$973
32 years$10,269$7,179$4,909$3,296$2,180$849
33 years$9,850$6,799$4,584$3,031$1,973$741
34 years$9,456$6,444$4,283$2,789$1,787$646
35 years$9,085$6,112$4,004$2,567$1,618$564
36 years$8,735$5,801$3,746$2,364$1,466$493
37 years$8,405$5,510$3,506$2,178$1,329$430
38 years$8,094$5,236$3,283$2,008$1,205$376
39 years$7,799$4,979$3,076$1,851$1,092$328
40 years$7,519$4,737$2,883$1,708$991$287
41 years$7,254$4,509$2,703$1,575$899$250
42 years$7,002$4,294$2,536$1,454$816$219
43 years$6,763$4,092$2,380$1,342$740$191
44 years$6,535$3,900$2,234$1,239$672$167
45 years$6,318$3,719$2,097$1,144$610$146
46 years$6,110$3,548$1,970$1,057$554$128
47 years$5,913$3,386$1,851$977$503$111
48 years$5,724$3,232$1,739$902$457$97
49 years$5,543$3,087$1,635$834$415$85
50 years$5,370$2,949$1,537$771$377$74

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 $6,139 every year, while hoping to spend $55,625 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: 42/45/13 Blend
79$5,500,000$5,500,000$5,500,000$5,500,000
80$6,067,332$5,775,832$5,690,582$6,298,806
81$6,627,016$5,999,664$5,822,032$6,685,707
82$7,241,922$6,232,598$5,956,022$7,098,398
83$7,917,627$6,475,024$6,092,576$7,544,058
84$8,660,269$6,727,344$6,231,722$8,025,723
85$9,476,615$6,989,982$6,373,483$8,546,726
86$10,374,117$7,263,379$6,517,883$9,110,730
87$11,360,988$7,547,996$6,664,942$9,721,756
88$12,446,274$7,844,313$6,814,683$10,384,220
89$13,639,943$8,152,833$6,967,124$11,102,976
90$14,952,976$8,474,081$7,122,282$11,883,358
91$16,397,475$8,808,606$7,280,173$12,731,226
92$17,986,770$9,156,981$7,440,812$13,653,024
93$19,735,551$9,519,803$7,604,210$14,655,835
94$21,660,003$9,897,699$7,770,376$15,747,447
95$23,777,959$10,291,322$7,939,319$16,936,422
96$26,109,068$10,701,354$8,111,044$18,232,180
97$28,674,982$11,128,509$8,285,553$19,645,078
98$31,499,556$11,573,533$8,462,845$21,186,510
99$34,609,079$12,037,204$8,642,919$22,869,010
100$38,032,515$12,520,337$8,825,766$24,706,368