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%
1 years$511,990$507,430$502,980$498,637$494,397$490,254
2 years$253,460$248,740$244,165$239,729$235,427$231,252
3 years$167,295$162,554$157,991$153,597$149,365$145,286
4 years$124,221$119,495$114,977$110,658$106,528$102,578
5 years$98,383$93,685$89,227$84,996$80,981$77,171
6 years$81,164$76,501$72,109$67,972$64,077$60,412
7 years$68,869$64,245$59,923$55,883$52,112$48,593
8 years$59,652$55,070$50,819$46,879$43,232$39,859
9 years$52,487$47,949$43,770$39,931$36,408$33,180
10 years$46,758$42,264$38,160$34,421$31,021$27,937
11 years$42,074$37,625$33,596$29,956$26,679$23,736
12 years$38,174$33,771$29,815$26,276$23,120$20,315
13 years$34,876$30,519$26,638$23,198$20,161$17,491
14 years$32,052$27,741$23,934$20,592$17,673$15,135
15 years$29,606$25,342$21,609$18,365$15,561$13,151
16 years$27,468$23,250$19,592$16,443$13,752$11,467
17 years$25,584$21,413$17,828$14,774$12,194$10,029
18 years$23,911$19,786$16,275$13,315$10,842$8,794
19 years$22,416$18,338$14,899$12,031$9,664$7,728
20 years$21,072$17,040$13,673$10,896$8,632$6,804
21 years$19,857$15,872$12,577$9,889$7,725$6,001
22 years$18,755$14,816$11,591$8,991$6,924$5,300
23 years$17,750$13,857$10,703$8,189$6,215$4,687
24 years$16,830$12,984$9,898$7,469$5,587$4,149
25 years$15,985$12,184$9,168$6,821$5,027$3,677
26 years$15,206$11,451$8,503$6,237$4,528$3,261
27 years$14,486$10,777$7,895$5,708$4,083$2,895
28 years$13,818$10,155$7,340$5,230$3,684$2,571
29 years$13,198$9,580$6,830$4,796$3,326$2,285
30 years$12,621$9,048$6,362$4,402$3,006$2,031
31 years$12,081$8,553$5,931$4,043$2,717$1,807
32 years$11,576$8,093$5,534$3,715$2,458$1,608
33 years$11,103$7,664$5,167$3,416$2,224$1,432
34 years$10,659$7,264$4,828$3,143$2,014$1,275
35 years$10,241$6,890$4,514$2,894$1,824$1,136
36 years$9,847$6,539$4,222$2,665$1,653$1,012
37 years$9,475$6,211$3,952$2,455$1,498$902
38 years$9,124$5,902$3,701$2,263$1,358$804
39 years$8,791$5,613$3,467$2,087$1,232$717
40 years$8,476$5,340$3,250$1,925$1,117$639
41 years$8,177$5,083$3,047$1,776$1,013$570
42 years$7,894$4,841$2,859$1,639$920$508
43 years$7,624$4,612$2,682$1,513$835$453
44 years$7,366$4,397$2,518$1,397$758$405
45 years$7,122$4,193$2,364$1,290$688$361
46 years$6,888$4,000$2,221$1,192$624$322
47 years$6,665$3,817$2,086$1,101$567$287
48 years$6,452$3,644$1,960$1,017$515$256
49 years$6,248$3,480$1,843$940$468$229
50 years$6,053$3,324$1,732$869$425$204

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 $2,456 every year, while hoping to spend $58,264 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: 57/21/22 Blend
79$6,200,000$6,200,000$6,200,000$6,200,000
80$6,834,933$6,506,333$6,410,233$7,183,878
81$7,470,104$6,763,151$6,562,984$7,679,050
82$8,168,110$7,030,600$6,718,898$8,212,010
83$8,935,297$7,309,140$6,878,022$8,791,604
84$9,778,660$7,599,251$7,040,399$9,422,339
85$10,705,903$7,901,434$7,206,072$10,109,177
86$11,725,514$8,216,213$7,375,084$10,857,574
87$12,846,845$8,544,136$7,547,478$11,673,535
88$14,080,200$8,885,775$7,723,295$12,563,668
89$15,436,931$9,241,729$7,902,575$13,535,245
90$16,929,545$9,612,621$8,085,359$14,596,269
91$18,571,825$9,999,105$8,271,685$15,755,550
92$20,378,954$10,401,865$8,461,590$17,022,784
93$22,367,664$10,821,613$8,655,109$18,408,648
94$24,556,389$11,259,095$8,852,279$19,924,892
95$26,965,442$11,715,092$9,053,131$21,584,455
96$29,617,204$12,190,417$9,257,697$23,401,582
97$32,536,335$12,685,925$9,466,007$25,391,960
98$35,750,011$13,202,505$9,678,088$27,572,860
99$39,288,173$13,741,088$9,893,965$29,963,300
100$43,183,815$14,302,650$10,113,661$32,584,226