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%13.6%
1 years$528,506$523,798$519,205$514,722$510,345$502,718
2 years$261,637$256,764$252,041$247,463$243,021$235,355
3 years$172,692$167,798$163,088$158,552$154,183$146,715
4 years$128,228$123,349$118,686$114,228$109,964$102,753
5 years$101,557$96,707$92,105$87,738$83,593$76,659
6 years$83,782$78,969$74,435$70,165$66,144$59,495
7 years$71,090$66,318$61,856$57,686$53,793$47,431
8 years$61,576$56,847$52,458$48,392$44,627$38,551
9 years$54,180$49,495$45,182$41,219$37,582$31,790
10 years$48,267$43,628$39,391$35,531$32,022$26,508
11 years$43,432$38,839$34,679$30,923$27,540$22,300
12 years$39,405$34,860$30,777$27,123$23,865$18,892
13 years$36,001$31,503$27,497$23,946$20,811$16,098
14 years$33,086$28,636$24,706$21,256$18,243$13,782
15 years$30,561$26,159$22,306$18,957$16,062$11,846
16 years$28,354$24,000$20,224$16,974$14,196$10,216
17 years$26,409$22,104$18,403$15,251$12,587$8,835
18 years$24,682$20,425$16,800$13,744$11,192$7,659
19 years$23,139$18,929$15,379$12,419$9,976$6,653
20 years$21,752$17,590$14,114$11,248$8,910$5,789
21 years$20,498$16,384$12,982$10,208$7,974$5,045
22 years$19,360$15,294$11,965$9,282$7,147$4,402
23 years$18,322$14,304$11,048$8,453$6,416$3,845
24 years$17,373$13,402$10,217$7,709$5,767$3,362
25 years$16,500$12,577$9,463$7,041$5,189$2,942
26 years$15,696$11,821$8,777$6,438$4,674$2,577
27 years$14,953$11,125$8,150$5,893$4,214$2,258
28 years$14,264$10,483$7,577$5,399$3,803$1,980
29 years$13,624$9,889$7,051$4,951$3,434$1,737
30 years$13,028$9,339$6,567$4,544$3,103$1,524
31 years$12,471$8,829$6,123$4,173$2,805$1,338
32 years$11,950$8,354$5,712$3,835$2,537$1,175
33 years$11,461$7,911$5,334$3,527$2,296$1,032
34 years$11,003$7,498$4,984$3,245$2,079$907
35 years$10,571$7,112$4,659$2,987$1,883$797
36 years$10,165$6,750$4,359$2,751$1,706$701
37 years$9,781$6,411$4,080$2,535$1,546$616
38 years$9,418$6,093$3,820$2,336$1,402$542
39 years$9,075$5,794$3,579$2,154$1,271$477
40 years$8,750$5,512$3,355$1,987$1,153$419
41 years$8,441$5,247$3,146$1,833$1,046$369
42 years$8,148$4,997$2,951$1,692$949$324
43 years$7,869$4,761$2,769$1,562$861$285
44 years$7,604$4,538$2,599$1,442$782$251
45 years$7,351$4,328$2,441$1,332$710$221
46 years$7,110$4,129$2,292$1,230$645$194
47 years$6,880$3,940$2,153$1,137$585$171
48 years$6,660$3,761$2,024$1,050$532$151
49 years$6,450$3,592$1,902$971$483$132
50 years$6,249$3,431$1,788$897$438$117

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 $6,771 every year, while hoping to spend $37,186 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: 52/37/11 Blend
79$6,400,000$6,400,000$6,400,000$6,400,000
80$7,059,784$6,720,584$6,621,384$7,406,228
81$7,740,317$7,010,327$6,803,635$7,932,862
82$8,489,017$7,313,021$6,990,745$8,500,747
83$9,312,799$7,629,262$7,182,837$9,117,484
84$10,219,281$7,959,672$7,380,039$9,787,695
85$11,216,856$8,304,905$7,582,479$10,516,457
86$12,314,773$8,665,643$7,790,289$11,309,351
87$13,523,223$9,042,601$8,003,606$12,172,510
88$14,853,432$9,436,530$8,222,568$13,112,674
89$16,317,775$9,848,213$8,447,317$14,137,253
90$17,929,883$10,278,470$8,677,997$15,254,396
91$19,704,779$10,728,163$8,914,758$16,473,061
92$21,659,015$11,198,191$9,157,750$17,803,100
93$23,810,829$11,689,498$9,407,130$19,255,349
94$26,180,321$12,203,070$9,663,056$20,841,725
95$28,789,635$12,739,942$9,925,690$22,575,340
96$31,663,176$13,301,197$10,195,198$24,470,617
97$34,827,833$13,887,968$10,471,750$26,543,424
98$38,313,238$14,501,445$10,755,520$28,811,223
99$42,152,043$15,142,870$11,046,684$31,293,227
100$46,380,227$15,813,547$11,345,425$34,010,581