Can I retire at age 80 with 6,100,000?

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 $6,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$503,732$499,245$494,868$490,595$486,423$480,543
2 years$249,372$244,728$240,227$235,863$231,630$225,713
3 years$164,597$159,933$155,443$151,120$146,955$141,185
4 years$122,217$117,567$113,123$108,873$104,810$99,230
5 years$96,796$92,174$87,788$83,625$79,675$74,302
6 years$79,855$75,267$70,946$66,876$63,044$57,885
7 years$67,758$63,209$58,956$54,982$51,272$46,328
8 years$58,690$54,182$49,999$46,123$42,535$37,806
9 years$51,640$47,175$43,064$39,287$35,820$31,305
10 years$46,004$41,583$37,545$33,866$30,521$26,215
11 years$41,396$37,019$33,054$29,473$26,249$22,150
12 years$37,558$33,226$29,334$25,852$22,747$18,849
13 years$34,313$30,026$26,208$22,823$19,836$16,135
14 years$31,535$27,293$23,548$20,260$17,388$13,879
15 years$29,129$24,933$21,261$18,068$15,310$11,986
16 years$27,025$22,875$19,276$16,178$13,531$10,387
17 years$25,171$21,067$17,540$14,536$11,997$9,028
18 years$23,525$19,467$16,012$13,100$10,667$7,865
19 years$22,054$18,042$14,658$11,837$9,508$6,867
20 years$20,732$16,766$13,453$10,721$8,493$6,006
21 years$19,537$15,616$12,374$9,730$7,600$5,262
22 years$18,452$14,577$11,405$8,846$6,812$4,616
23 years$17,463$13,634$10,530$8,057$6,115$4,054
24 years$16,558$12,774$9,739$7,348$5,496$3,564
25 years$15,727$11,988$9,020$6,711$4,946$3,136
26 years$14,960$11,267$8,365$6,136$4,455$2,762
27 years$14,252$10,603$7,768$5,616$4,017$2,434
28 years$13,596$9,991$7,221$5,146$3,624$2,146
29 years$12,985$9,426$6,720$4,719$3,273$1,893
30 years$12,417$8,902$6,260$4,331$2,957$1,671
31 years$11,886$8,415$5,836$3,977$2,673$1,476
32 years$11,390$7,962$5,445$3,655$2,418$1,304
33 years$10,924$7,540$5,084$3,361$2,189$1,152
34 years$10,487$7,147$4,750$3,093$1,982$1,018
35 years$10,076$6,778$4,441$2,847$1,795$900
36 years$9,688$6,434$4,154$2,622$1,626$796
37 years$9,322$6,111$3,888$2,416$1,474$704
38 years$8,977$5,807$3,641$2,227$1,336$623
39 years$8,650$5,522$3,412$2,053$1,212$551
40 years$8,340$5,254$3,198$1,894$1,099$487
41 years$8,046$5,001$2,998$1,747$997$431
42 years$7,766$4,763$2,813$1,613$905$382
43 years$7,501$4,538$2,639$1,489$821$338
44 years$7,248$4,326$2,477$1,374$745$299
45 years$7,007$4,125$2,326$1,269$677$265
46 years$6,777$3,935$2,185$1,172$614$234
47 years$6,558$3,755$2,053$1,083$558$208
48 years$6,348$3,585$1,929$1,001$507$184
49 years$6,148$3,423$1,813$925$460$163
50 years$5,956$3,270$1,704$855$418$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,100,000, adding $3,185 every year, while hoping to spend $38,124 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: 68/16/16 Blend
79$6,100,000$6,100,000$6,100,000$6,100,000
80$6,725,485$6,402,185$6,307,635$7,157,112
81$7,370,921$6,675,329$6,478,377$7,718,474
82$8,080,914$6,960,578$6,653,562$8,327,464
83$8,862,008$7,258,487$6,833,297$8,992,616
84$9,721,413$7,569,634$7,017,693$9,719,447
85$10,667,076$7,894,625$7,206,865$10,514,033
86$11,707,750$8,234,094$7,400,927$11,383,058
87$12,853,081$8,588,705$7,599,998$12,333,883
88$14,113,696$8,959,152$7,804,199$13,374,607
89$15,501,307$9,346,164$8,013,653$14,514,149
90$17,028,816$9,750,502$8,228,486$15,762,328
91$18,710,442$10,172,964$8,448,827$17,129,952
92$20,561,851$10,614,383$8,674,807$18,628,924
93$22,600,307$11,075,635$8,906,561$20,272,349
94$24,844,832$11,557,634$9,144,224$22,074,657
95$27,316,386$12,061,340$9,387,936$24,051,741
96$30,038,066$12,587,754$9,637,841$26,221,099
97$33,035,322$13,137,927$9,894,082$28,602,005
98$36,336,200$13,712,961$10,156,809$31,215,682
99$39,971,603$14,314,006$10,426,172$34,085,508
100$43,975,584$14,942,270$10,702,326$37,237,228