Can I retire at age 80 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$511,990$507,430$502,980$498,637$494,397$489,030
2 years$253,460$248,740$244,165$239,729$235,427$230,024
3 years$167,295$162,554$157,991$153,597$149,365$144,092
4 years$124,221$119,495$114,977$110,658$106,528$101,427
5 years$98,383$93,685$89,227$84,996$80,981$76,066
6 years$81,164$76,501$72,109$67,972$64,077$59,355
7 years$68,869$64,245$59,923$55,883$52,112$47,584
8 years$59,652$55,070$50,819$46,879$43,232$38,898
9 years$52,487$47,949$43,770$39,931$36,408$32,266
10 years$46,758$42,264$38,160$34,421$31,021$27,069
11 years$42,074$37,625$33,596$29,956$26,679$22,914
12 years$38,174$33,771$29,815$26,276$23,120$19,537
13 years$34,876$30,519$26,638$23,198$20,161$16,756
14 years$32,052$27,741$23,934$20,592$17,673$14,442
15 years$29,606$25,342$21,609$18,365$15,561$12,498
16 years$27,468$23,250$19,592$16,443$13,752$10,853
17 years$25,584$21,413$17,828$14,774$12,194$9,452
18 years$23,911$19,786$16,275$13,315$10,842$8,253
19 years$22,416$18,338$14,899$12,031$9,664$7,221
20 years$21,072$17,040$13,673$10,896$8,632$6,330
21 years$19,857$15,872$12,577$9,889$7,725$5,558
22 years$18,755$14,816$11,591$8,991$6,924$4,887
23 years$17,750$13,857$10,703$8,189$6,215$4,302
24 years$16,830$12,984$9,898$7,469$5,587$3,791
25 years$15,985$12,184$9,168$6,821$5,027$3,343
26 years$15,206$11,451$8,503$6,237$4,528$2,951
27 years$14,486$10,777$7,895$5,708$4,083$2,607
28 years$13,818$10,155$7,340$5,230$3,684$2,305
29 years$13,198$9,580$6,830$4,796$3,326$2,038
30 years$12,621$9,048$6,362$4,402$3,006$1,803
31 years$12,081$8,553$5,931$4,043$2,717$1,596
32 years$11,576$8,093$5,534$3,715$2,458$1,414
33 years$11,103$7,664$5,167$3,416$2,224$1,252
34 years$10,659$7,264$4,828$3,143$2,014$1,110
35 years$10,241$6,890$4,514$2,894$1,824$983
36 years$9,847$6,539$4,222$2,665$1,653$872
37 years$9,475$6,211$3,952$2,455$1,498$773
38 years$9,124$5,902$3,701$2,263$1,358$686
39 years$8,791$5,613$3,467$2,087$1,232$608
40 years$8,476$5,340$3,250$1,925$1,117$539
41 years$8,177$5,083$3,047$1,776$1,013$479
42 years$7,894$4,841$2,859$1,639$920$425
43 years$7,624$4,612$2,682$1,513$835$377
44 years$7,366$4,397$2,518$1,397$758$334
45 years$7,122$4,193$2,364$1,290$688$297
46 years$6,888$4,000$2,221$1,192$624$264
47 years$6,665$3,817$2,086$1,101$567$234
48 years$6,452$3,644$1,960$1,017$515$208
49 years$6,248$3,480$1,843$940$468$184
50 years$6,053$3,324$1,732$869$425$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,200,000, adding $4,372 every year, while hoping to spend $27,400 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: 28/43/29 Blend
79$6,200,000$6,200,000$6,200,000$6,200,000
80$6,836,910$6,508,310$6,412,210$6,966,868
81$7,505,121$6,798,064$6,597,865$7,361,392
82$8,240,572$7,101,097$6,788,822$7,782,299
83$9,050,091$7,418,032$6,985,229$8,233,966
84$9,941,204$7,749,519$7,187,238$8,719,055
85$10,922,203$8,096,242$7,395,006$9,240,480
86$12,002,224$8,458,914$7,608,695$9,801,429
87$13,191,335$8,838,285$7,828,471$10,405,398
88$14,500,629$9,235,139$8,054,502$11,056,213
89$15,942,330$9,650,297$8,286,965$11,758,070
90$17,529,908$10,084,622$8,526,038$12,515,568
91$19,278,205$10,539,014$8,771,907$13,333,747
92$21,203,575$11,014,420$9,024,759$14,218,139
93$23,324,042$11,511,828$9,284,791$15,174,808
94$25,659,464$12,032,277$9,552,201$16,210,411
95$28,231,724$12,576,854$9,827,195$17,332,251
96$31,064,938$13,146,698$10,109,983$18,548,347
97$34,185,677$13,743,001$10,400,783$19,867,500
98$37,623,223$14,367,015$10,699,816$21,299,378
99$41,409,843$15,020,050$11,007,311$22,854,595
100$45,581,093$15,703,479$11,323,502$24,544,812