Can I retire at age 80 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$495,474$491,061$486,755$482,552$478,448$466,314
2 years$245,284$240,716$236,289$231,996$227,833$215,687
3 years$161,899$157,311$152,895$148,642$144,546$132,768
4 years$120,214$115,640$111,268$107,088$103,092$91,772
5 years$95,210$90,663$86,349$82,254$78,369$67,539
6 years$78,545$74,033$69,782$65,779$62,010$51,681
7 years$66,647$62,173$57,990$54,081$50,431$40,603
8 years$57,728$53,294$49,180$45,367$41,837$32,507
9 years$50,794$46,402$42,359$38,643$35,233$26,392
10 years$45,250$40,901$36,929$33,310$30,020$21,657
11 years$40,717$36,412$32,512$28,990$25,819$17,922
12 years$36,942$32,681$28,853$25,428$22,374$14,929
13 years$33,751$29,534$25,779$22,449$19,510$12,504
14 years$31,018$26,846$23,162$19,928$17,103$10,518
15 years$28,651$24,524$20,912$17,772$15,059$8,879
16 years$26,582$22,500$18,960$15,913$13,309$7,518
17 years$24,759$20,722$17,253$14,298$11,801$6,381
18 years$23,140$19,148$15,750$12,885$10,492$5,428
19 years$21,693$17,746$14,418$11,643$9,352$4,625
20 years$20,392$16,491$13,232$10,545$8,354$3,946
21 years$19,217$15,360$12,171$9,570$7,475$3,372
22 years$18,150$14,338$11,218$8,701$6,701$2,884
23 years$17,177$13,410$10,357$7,925$6,015$2,468
24 years$16,287$12,565$9,579$7,228$5,406$2,115
25 years$15,469$11,791$8,872$6,601$4,865$1,813
26 years$14,715$11,082$8,228$6,035$4,382$1,555
27 years$14,018$10,429$7,641$5,524$3,951$1,334
28 years$13,373$9,828$7,103$5,061$3,565$1,145
29 years$12,773$9,271$6,610$4,641$3,219$984
30 years$12,213$8,756$6,157$4,260$2,909$845
31 years$11,691$8,277$5,740$3,912$2,630$726
32 years$11,203$7,832$5,355$3,595$2,379$624
33 years$10,745$7,417$5,000$3,306$2,153$536
34 years$10,315$7,029$4,672$3,042$1,949$461
35 years$9,911$6,667$4,368$2,800$1,765$397
36 years$9,529$6,328$4,086$2,579$1,599$341
37 years$9,170$6,010$3,825$2,376$1,450$293
38 years$8,830$5,712$3,582$2,190$1,314$252
39 years$8,508$5,432$3,356$2,020$1,192$217
40 years$8,203$5,168$3,145$1,863$1,081$187
41 years$7,914$4,919$2,949$1,719$981$161
42 years$7,639$4,685$2,766$1,586$890$138
43 years$7,378$4,464$2,596$1,464$808$119
44 years$7,129$4,255$2,437$1,352$733$102
45 years$6,892$4,057$2,288$1,248$666$88
46 years$6,666$3,871$2,149$1,153$604$76
47 years$6,450$3,694$2,019$1,065$549$65
48 years$6,244$3,526$1,897$985$498$56
49 years$6,047$3,367$1,783$910$453$48
50 years$5,858$3,217$1,677$841$411$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,000,000, adding $2,220 every year, while hoping to spend $21,238 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: 74/14/12 Blend
79$6,000,000$6,000,000$6,000,000$6,000,000
80$6,614,290$6,296,290$6,203,290$7,087,629
81$7,266,350$6,582,211$6,388,503$7,686,481
82$7,984,209$6,881,431$6,579,209$8,339,536
83$8,774,556$7,194,578$6,775,569$9,054,453
84$9,644,760$7,522,311$6,977,751$9,837,358
85$10,602,944$7,865,323$7,185,924$10,694,997
86$11,658,056$8,224,336$7,400,264$11,634,797
87$12,819,959$8,600,110$7,620,955$12,664,934
88$14,099,519$8,993,439$7,848,181$13,794,408
89$15,508,710$9,405,157$8,082,134$15,033,131
90$17,060,725$9,836,137$8,323,013$16,392,015
91$18,770,105$10,287,294$8,571,020$17,883,077
92$20,652,872$10,759,587$8,826,365$19,519,548
93$22,726,679$11,254,022$9,089,262$21,316,000
94$25,010,982$11,771,650$9,359,934$23,288,480
95$27,527,219$12,313,578$9,638,609$25,454,661
96$30,299,013$12,880,960$9,925,520$27,834,007
97$33,352,396$13,475,012$10,220,909$30,447,954
98$36,716,055$14,097,002$10,525,024$33,320,114
99$40,421,602$14,748,264$10,838,121$36,476,492
100$44,503,870$15,430,194$11,160,463$39,945,733