Can I retire at age 80 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$462,443$458,324$454,305$450,382$446,552$437,000
2 years$228,932$224,668$220,536$216,530$212,644$203,067
3 years$151,105$146,823$142,702$138,733$134,910$125,607
4 years$112,200$107,931$103,850$99,949$96,219$87,262
5 years$88,862$84,619$80,592$76,771$73,144$64,558
6 years$73,309$69,098$65,130$61,394$57,876$49,670
7 years$62,204$58,028$54,124$50,475$47,069$39,244
8 years$53,879$49,741$45,901$42,343$39,048$31,603
9 years$47,408$43,308$39,535$36,066$32,884$25,813
10 years$42,233$38,174$34,467$31,090$28,019$21,314
11 years$38,003$33,984$30,344$27,057$24,097$17,750
12 years$34,480$30,502$26,930$23,733$20,882$14,883
13 years$31,501$27,565$24,060$20,953$18,210$12,549
14 years$28,950$25,056$21,618$18,599$15,963$10,628
15 years$26,741$22,889$19,518$16,587$14,055$9,035
16 years$24,810$21,000$17,696$14,852$12,422$7,705
17 years$23,108$19,341$16,103$13,345$11,014$6,587
18 years$21,597$17,872$14,700$12,026$9,793$5,644
19 years$20,247$16,563$13,457$10,867$8,729$4,845
20 years$19,033$15,391$12,350$9,842$7,797$4,166
21 years$17,936$14,336$11,360$8,932$6,977$3,586
22 years$16,940$13,383$10,470$8,121$6,254$3,091
23 years$16,032$12,516$9,667$7,396$5,614$2,667
24 years$15,201$11,727$8,940$6,746$5,046$2,303
25 years$14,438$11,005$8,280$6,161$4,541$1,990
26 years$13,734$10,343$7,680$5,633$4,090$1,721
27 years$13,084$9,734$7,131$5,156$3,687$1,488
28 years$12,481$9,172$6,629$4,724$3,327$1,288
29 years$11,921$8,653$6,169$4,332$3,004$1,115
30 years$11,399$8,172$5,746$3,976$2,715$966
31 years$10,912$7,725$5,357$3,651$2,454$837
32 years$10,456$7,310$4,998$3,356$2,220$725
33 years$10,029$6,922$4,667$3,086$2,009$629
34 years$9,627$6,561$4,361$2,839$1,819$545
35 years$9,250$6,223$4,077$2,614$1,648$473
36 years$8,894$5,906$3,814$2,407$1,493$410
37 years$8,558$5,610$3,570$2,218$1,353$356
38 years$8,241$5,331$3,343$2,044$1,227$308
39 years$7,941$5,069$3,132$1,885$1,112$268
40 years$7,656$4,823$2,936$1,739$1,009$232
41 years$7,386$4,591$2,753$1,604$915$201
42 years$7,130$4,372$2,582$1,480$831$175
43 years$6,886$4,166$2,423$1,367$754$152
44 years$6,654$3,971$2,274$1,262$684$132
45 years$6,432$3,787$2,135$1,165$621$114
46 years$6,221$3,613$2,006$1,076$564$99
47 years$6,020$3,447$1,884$994$512$86
48 years$5,828$3,291$1,771$919$465$75
49 years$5,644$3,143$1,664$849$422$65
50 years$5,468$3,002$1,565$785$384$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $5,600,000, adding $3,217 every year, while hoping to spend $26,439 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: 38/44/18 Blend
79$5,600,000$5,600,000$5,600,000$5,600,000
80$6,174,518$5,877,718$5,790,918$6,375,625
81$6,776,188$6,137,596$5,956,783$6,780,472
82$7,438,343$6,409,321$6,127,318$7,214,957
83$8,167,122$6,693,446$6,302,653$7,683,960
84$8,969,295$6,990,551$6,482,918$8,190,607
85$9,852,317$7,301,242$6,668,249$8,738,325
86$10,824,403$7,626,153$6,858,786$9,330,874
87$11,894,608$7,965,951$7,054,671$9,972,379
88$13,072,907$8,321,330$7,256,050$10,667,366
89$14,370,290$8,693,023$7,463,075$11,420,803
90$15,798,872$9,081,793$7,675,900$12,238,143
91$17,371,997$9,488,441$7,894,683$13,125,375
92$19,104,372$9,913,806$8,119,587$14,089,076
93$21,012,204$10,358,768$8,350,779$15,136,467
94$23,113,349$10,824,248$8,588,429$16,275,485
95$25,427,484$11,311,210$8,832,716$17,514,847
96$27,976,293$11,820,665$9,083,817$18,864,133
97$30,783,670$12,353,672$9,341,920$20,333,874
98$33,875,943$12,911,341$9,607,214$21,935,641
99$37,282,128$13,494,835$9,879,893$23,682,158
100$41,034,194$14,105,372$10,160,159$25,587,413