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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$528,506$523,798$519,205$514,722$510,345$503,342
2 years$261,637$256,764$252,041$247,463$243,021$235,978
3 years$172,692$167,798$163,088$158,552$154,183$147,319
4 years$128,228$123,349$118,686$114,228$109,964$103,332
5 years$101,557$96,707$92,105$87,738$83,593$77,212
6 years$83,782$78,969$74,435$70,165$66,144$60,022
7 years$71,090$66,318$61,856$57,686$53,793$47,931
8 years$61,576$56,847$52,458$48,392$44,627$39,025
9 years$54,180$49,495$45,182$41,219$37,582$32,238
10 years$48,267$43,628$39,391$35,531$32,022$26,931
11 years$43,432$38,839$34,679$30,923$27,540$22,698
12 years$39,405$34,860$30,777$27,123$23,865$19,267
13 years$36,001$31,503$27,497$23,946$20,811$16,449
14 years$33,086$28,636$24,706$21,256$18,243$14,111
15 years$30,561$26,159$22,306$18,957$16,062$12,154
16 years$28,354$24,000$20,224$16,974$14,196$10,503
17 years$26,409$22,104$18,403$15,251$12,587$9,103
18 years$24,682$20,425$16,800$13,744$11,192$7,908
19 years$23,139$18,929$15,379$12,419$9,976$6,884
20 years$21,752$17,590$14,114$11,248$8,910$6,004
21 years$20,498$16,384$12,982$10,208$7,974$5,244
22 years$19,360$15,294$11,965$9,282$7,147$4,586
23 years$18,322$14,304$11,048$8,453$6,416$4,015
24 years$17,373$13,402$10,217$7,709$5,767$3,519
25 years$16,500$12,577$9,463$7,041$5,189$3,087
26 years$15,696$11,821$8,777$6,438$4,674$2,710
27 years$14,953$11,125$8,150$5,893$4,214$2,381
28 years$14,264$10,483$7,577$5,399$3,803$2,092
29 years$13,624$9,889$7,051$4,951$3,434$1,840
30 years$13,028$9,339$6,567$4,544$3,103$1,619
31 years$12,471$8,829$6,123$4,173$2,805$1,425
32 years$11,950$8,354$5,712$3,835$2,537$1,254
33 years$11,461$7,911$5,334$3,527$2,296$1,105
34 years$11,003$7,498$4,984$3,245$2,079$973
35 years$10,571$7,112$4,659$2,987$1,883$857
36 years$10,165$6,750$4,359$2,751$1,706$756
37 years$9,781$6,411$4,080$2,535$1,546$666
38 years$9,418$6,093$3,820$2,336$1,402$587
39 years$9,075$5,794$3,579$2,154$1,271$518
40 years$8,750$5,512$3,355$1,987$1,153$457
41 years$8,441$5,247$3,146$1,833$1,046$403
42 years$8,148$4,997$2,951$1,692$949$355
43 years$7,869$4,761$2,769$1,562$861$313
44 years$7,604$4,538$2,599$1,442$782$276
45 years$7,351$4,328$2,441$1,332$710$244
46 years$7,110$4,129$2,292$1,230$645$215
47 years$6,880$3,940$2,153$1,137$585$190
48 years$6,660$3,761$2,024$1,050$532$167
49 years$6,450$3,592$1,902$971$483$148
50 years$6,249$3,431$1,788$897$438$130

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 $6,515 every year, while hoping to spend $40,208 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: 64/7/29 Blend
79$6,400,000$6,400,000$6,400,000$6,400,000
80$7,059,520$6,720,320$6,621,120$7,456,334
81$7,736,810$7,006,835$6,800,147$8,012,591
82$8,481,836$7,306,041$6,983,823$8,615,169
83$9,301,465$7,618,519$7,172,262$9,272,769
84$10,203,262$7,944,874$7,365,581$9,990,806
85$11,195,563$8,285,741$7,563,896$10,775,240
86$12,287,554$8,641,785$7,767,330$11,632,635
87$13,489,353$9,013,702$7,976,004$12,570,217
88$14,812,113$9,402,219$8,190,047$13,595,941
89$16,268,121$9,808,100$8,409,585$14,718,567
90$17,870,913$10,232,141$8,634,751$15,947,744
91$19,635,410$10,675,179$8,865,678$17,294,092
92$21,578,047$11,138,088$9,102,504$18,769,311
93$23,716,938$11,621,785$9,345,368$20,386,284
94$26,072,040$12,127,227$9,594,412$22,159,201
95$28,665,346$12,655,419$9,849,783$24,103,690
96$31,521,089$13,207,412$10,111,628$26,236,963
97$34,665,972$13,784,307$10,380,100$28,577,981
98$38,129,420$14,387,257$10,655,351$31,147,627
99$41,943,856$15,017,468$10,937,541$33,968,904
100$46,145,009$15,676,204$11,226,829$37,067,153