Can I retire at age 80 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$528,506$523,798$519,205$514,722$510,345$496,799
2 years$261,637$256,764$252,041$247,463$243,021$229,468
3 years$172,692$167,798$163,088$158,552$154,183$141,047
4 years$128,228$123,349$118,686$114,228$109,964$97,347
5 years$101,557$96,707$92,105$87,738$83,593$71,529
6 years$83,782$78,969$74,435$70,165$66,144$54,645
7 years$71,090$66,318$61,856$57,686$53,793$42,859
8 years$61,576$56,847$52,458$48,392$44,627$34,252
9 years$54,180$49,495$45,182$41,219$37,582$27,758
10 years$48,267$43,628$39,391$35,531$32,022$22,736
11 years$43,432$38,839$34,679$30,923$27,540$18,779
12 years$39,405$34,860$30,777$27,123$23,865$15,612
13 years$36,001$31,503$27,497$23,946$20,811$13,049
14 years$33,086$28,636$24,706$21,256$18,243$10,954
15 years$30,561$26,159$22,306$18,957$16,062$9,228
16 years$28,354$24,000$20,224$16,974$14,196$7,797
17 years$26,409$22,104$18,403$15,251$12,587$6,603
18 years$24,682$20,425$16,800$13,744$11,192$5,604
19 years$23,139$18,929$15,379$12,419$9,976$4,764
20 years$21,752$17,590$14,114$11,248$8,910$4,056
21 years$20,498$16,384$12,982$10,208$7,974$3,458
22 years$19,360$15,294$11,965$9,282$7,147$2,950
23 years$18,322$14,304$11,048$8,453$6,416$2,520
24 years$17,373$13,402$10,217$7,709$5,767$2,153
25 years$16,500$12,577$9,463$7,041$5,189$1,841
26 years$15,696$11,821$8,777$6,438$4,674$1,576
27 years$14,953$11,125$8,150$5,893$4,214$1,349
28 years$14,264$10,483$7,577$5,399$3,803$1,155
29 years$13,624$9,889$7,051$4,951$3,434$990
30 years$13,028$9,339$6,567$4,544$3,103$848
31 years$12,471$8,829$6,123$4,173$2,805$727
32 years$11,950$8,354$5,712$3,835$2,537$623
33 years$11,461$7,911$5,334$3,527$2,296$534
34 years$11,003$7,498$4,984$3,245$2,079$458
35 years$10,571$7,112$4,659$2,987$1,883$393
36 years$10,165$6,750$4,359$2,751$1,706$337
37 years$9,781$6,411$4,080$2,535$1,546$289
38 years$9,418$6,093$3,820$2,336$1,402$248
39 years$9,075$5,794$3,579$2,154$1,271$213
40 years$8,750$5,512$3,355$1,987$1,153$183
41 years$8,441$5,247$3,146$1,833$1,046$157
42 years$8,148$4,997$2,951$1,692$949$134
43 years$7,869$4,761$2,769$1,562$861$115
44 years$7,604$4,538$2,599$1,442$782$99
45 years$7,351$4,328$2,441$1,332$710$85
46 years$7,110$4,129$2,292$1,230$645$73
47 years$6,880$3,940$2,153$1,137$585$63
48 years$6,660$3,761$2,024$1,050$532$54
49 years$6,450$3,592$1,902$971$483$46
50 years$6,249$3,431$1,788$897$438$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,400,000, adding $5,432 every year, while hoping to spend $46,449 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: 61/20/19 Blend
79$6,400,000$6,400,000$6,400,000$6,400,000
80$7,058,403$6,719,203$6,620,003$7,453,986
81$7,728,939$6,999,023$6,792,352$8,001,596
82$8,466,312$7,290,997$6,968,917$8,593,323
83$9,277,292$7,595,672$7,149,792$9,238,044
84$10,169,336$7,913,619$7,335,070$9,940,911
85$11,150,659$8,245,437$7,524,846$10,707,591
86$12,230,315$8,591,753$7,719,217$11,544,320
87$13,418,278$8,953,219$7,918,281$12,457,960
88$14,725,538$9,330,523$8,122,139$13,456,062
89$16,164,204$9,724,380$8,330,892$14,546,937
90$17,747,619$10,135,540$8,544,644$15,739,731
91$19,490,485$10,564,790$8,763,497$17,044,513
92$21,408,999$11,012,950$8,987,560$18,472,366
93$23,521,013$11,480,880$9,216,939$20,035,489
94$25,846,193$11,969,480$9,451,743$21,747,314
95$28,406,212$12,479,692$9,692,084$23,622,629
96$31,224,949$13,012,501$9,938,072$25,677,716
97$34,328,719$13,568,938$10,189,823$27,930,502
98$37,746,517$14,150,084$10,447,450$30,400,728
99$41,510,292$14,757,069$10,711,070$33,110,131
100$45,655,251$15,391,075$10,980,800$36,082,649