Can I retire at age 80 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$520,248$515,614$511,093$506,680$502,371$491,424
2 years$257,549$252,752$248,103$243,596$239,224$228,251
3 years$169,994$165,176$160,539$156,074$151,774$141,116
4 years$126,225$121,422$116,831$112,443$108,246$97,987
5 years$99,970$95,196$90,666$86,367$82,287$72,454
6 years$82,473$77,735$73,272$69,068$65,111$55,715
7 years$69,980$65,282$60,889$56,785$52,953$43,996
8 years$60,614$55,958$51,639$47,635$43,929$35,408
9 years$53,333$48,722$44,476$40,575$36,995$28,904
10 years$47,512$42,946$38,776$34,976$31,521$23,851
11 years$42,753$38,232$34,137$30,439$27,110$19,851
12 years$38,789$34,315$30,296$26,700$23,493$16,634
13 years$35,438$31,011$27,068$23,572$20,486$14,015
14 years$32,569$28,188$24,320$20,924$17,958$11,862
15 years$30,084$25,750$21,958$18,661$15,812$10,077
16 years$27,911$23,625$19,908$16,709$13,974$8,587
17 years$25,997$21,758$18,116$15,013$12,391$7,336
18 years$24,297$20,106$16,537$13,529$11,017$6,282
19 years$22,777$18,634$15,139$12,225$9,820$5,388
20 years$21,412$17,315$13,894$11,072$8,771$4,629
21 years$20,178$16,128$12,780$10,049$7,849$3,982
22 years$19,057$15,055$11,778$9,136$7,036$3,430
23 years$18,036$14,081$10,875$8,321$6,316$2,957
24 years$17,101$13,193$10,058$7,589$5,677$2,551
25 years$16,242$12,381$9,316$6,931$5,108$2,203
26 years$15,451$11,636$8,640$6,337$4,601$1,903
27 years$14,719$10,951$8,023$5,801$4,148$1,645
28 years$14,041$10,319$7,458$5,315$3,743$1,423
29 years$13,411$9,735$6,940$4,874$3,380$1,231
30 years$12,824$9,193$6,465$4,473$3,054$1,065
31 years$12,276$8,691$6,027$4,108$2,761$922
32 years$11,763$8,223$5,623$3,775$2,498$798
33 years$11,282$7,788$5,250$3,472$2,260$691
34 years$10,831$7,381$4,906$3,194$2,047$599
35 years$10,406$7,001$4,586$2,940$1,854$519
36 years$10,006$6,645$4,291$2,708$1,679$450
37 years$9,628$6,311$4,016$2,495$1,522$390
38 years$9,271$5,998$3,761$2,300$1,380$338
39 years$8,933$5,703$3,523$2,121$1,251$293
40 years$8,613$5,426$3,302$1,956$1,135$254
41 years$8,309$5,165$3,097$1,805$1,030$220
42 years$8,021$4,919$2,905$1,665$934$191
43 years$7,746$4,687$2,726$1,537$848$165
44 years$7,485$4,468$2,559$1,419$770$143
45 years$7,236$4,260$2,402$1,311$699$124
46 years$6,999$4,064$2,256$1,211$634$108
47 years$6,773$3,878$2,120$1,119$576$93
48 years$6,556$3,702$1,992$1,034$523$81
49 years$6,349$3,536$1,872$955$475$70
50 years$6,151$3,377$1,760$883$432$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,300,000, adding $5,766 every year, while hoping to spend $56,943 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: 59/26/15 Blend
79$6,300,000$6,300,000$6,300,000$6,300,000
80$6,948,548$6,614,648$6,516,998$7,331,720
81$7,596,713$6,878,178$6,674,730$7,854,657
82$8,309,082$7,152,714$6,835,838$8,417,827
83$9,092,144$7,438,733$7,000,375$9,030,628
84$9,953,048$7,736,736$7,168,393$9,697,853
85$10,899,670$8,047,247$7,339,945$10,424,775
86$11,940,687$8,370,812$7,515,083$11,217,191
87$13,085,658$8,708,004$7,693,860$12,081,483
88$14,345,118$9,059,419$7,876,327$13,024,670
89$15,730,672$9,425,682$8,062,536$14,054,476
90$17,255,106$9,807,446$8,252,536$15,179,400
91$18,932,510$10,205,393$8,446,379$16,408,797
92$20,778,406$10,620,238$8,644,113$17,752,964
93$22,809,899$11,052,725$8,845,786$19,223,230
94$25,045,835$11,503,636$9,051,447$20,832,071
95$27,506,981$11,973,784$9,261,141$22,593,218
96$30,216,218$12,464,024$9,474,914$24,521,787
97$33,198,757$12,975,247$9,692,809$26,634,421
98$36,482,381$13,508,385$9,914,869$28,949,445
99$40,097,702$14,064,413$10,141,134$31,487,034
100$44,078,449$14,644,351$10,371,644$34,269,404