Can I retire at age 80 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$536,764$531,983$527,318$522,765$518,319$501,928
2 years$265,725$260,776$255,980$251,329$246,819$230,454
3 years$175,390$170,420$165,636$161,029$156,592$140,766
4 years$130,232$125,277$120,540$116,012$111,683$96,518
5 years$103,144$98,218$93,544$89,109$84,899$70,436
6 years$85,091$80,203$75,598$71,261$67,178$53,428
7 years$72,201$67,354$62,822$58,588$54,634$41,596
8 years$62,538$57,735$53,278$49,148$45,324$32,990
9 years$55,027$50,269$45,888$41,863$38,169$26,525
10 years$49,021$44,309$40,007$36,086$32,522$21,550
11 years$44,110$39,446$35,221$31,406$27,970$17,651
12 years$40,021$35,405$31,258$27,547$24,238$14,549
13 years$36,563$31,995$27,927$24,320$21,136$12,054
14 years$33,602$29,083$25,092$21,589$18,528$10,028
15 years$31,039$26,568$22,655$19,253$16,313$8,371
16 years$28,797$24,375$20,540$17,239$14,418$7,007
17 years$26,822$22,449$18,691$15,489$12,784$5,878
18 years$25,068$20,744$17,062$13,959$11,367$4,941
19 years$23,500$19,225$15,620$12,613$10,132$4,160
20 years$22,091$17,865$14,335$11,424$9,050$3,507
21 years$20,818$16,640$13,185$10,368$8,098$2,959
22 years$19,662$15,533$12,152$9,427$7,259$2,499
23 years$18,609$14,528$11,221$8,585$6,516$2,113
24 years$17,644$13,612$10,377$7,830$5,857$1,787
25 years$16,758$12,774$9,611$7,151$5,270$1,513
26 years$15,941$12,005$8,914$6,538$4,747$1,281
27 years$15,187$11,299$8,277$5,985$4,280$1,085
28 years$14,487$10,647$7,695$5,483$3,862$919
29 years$13,837$10,044$7,161$5,028$3,487$779
30 years$13,231$9,485$6,670$4,615$3,151$661
31 years$12,666$8,967$6,218$4,238$2,849$560
32 years$12,137$8,484$5,802$3,895$2,577$475
33 years$11,641$8,035$5,417$3,582$2,332$403
34 years$11,175$7,615$5,061$3,296$2,111$342
35 years$10,736$7,223$4,732$3,034$1,912$290
36 years$10,324$6,856$4,427$2,794$1,733$246
37 years$9,934$6,511$4,143$2,574$1,570$209
38 years$9,565$6,188$3,880$2,373$1,424$177
39 years$9,217$5,884$3,635$2,188$1,291$150
40 years$8,887$5,598$3,407$2,018$1,171$128
41 years$8,573$5,329$3,195$1,862$1,062$108
42 years$8,275$5,075$2,997$1,718$964$92
43 years$7,992$4,836$2,812$1,586$875$78
44 years$7,723$4,609$2,640$1,465$794$66
45 years$7,466$4,395$2,479$1,353$721$56
46 years$7,221$4,193$2,328$1,249$655$48
47 years$6,988$4,002$2,187$1,154$594$40
48 years$6,764$3,820$2,055$1,067$540$34
49 years$6,551$3,648$1,932$986$490$29
50 years$6,346$3,485$1,816$911$445$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,500,000, adding $2,706 every year, while hoping to spend $25,383 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: 55/31/14 Blend
79$6,500,000$6,500,000$6,500,000$6,500,000
80$7,165,791$6,821,291$6,720,541$7,533,585
81$7,869,695$7,128,527$6,918,672$8,091,062
82$8,644,545$7,449,967$7,122,590$8,694,798
83$9,497,553$7,786,280$7,332,461$9,351,605
84$10,436,663$8,138,167$7,548,457$10,066,550
85$11,470,628$8,506,362$7,770,756$10,845,206
86$12,609,095$8,891,637$7,999,539$11,693,693
87$13,862,692$9,294,796$8,234,993$12,618,745
88$15,243,131$9,716,685$8,477,309$13,627,762
89$16,763,317$10,158,190$8,726,686$14,728,883
90$18,437,473$10,620,239$8,983,327$15,931,058
91$20,281,267$11,103,803$9,247,441$17,244,132
92$22,311,969$11,609,901$9,519,243$18,678,934
93$24,548,605$12,139,602$9,798,953$20,247,375
94$27,012,144$12,694,024$10,086,800$21,962,560
95$29,725,691$13,274,339$10,383,016$23,838,910
96$32,714,707$13,881,777$10,687,841$25,892,290
97$36,007,247$14,517,624$11,001,524$28,140,160
98$39,634,229$15,183,231$11,324,318$30,601,733
99$43,629,722$15,880,011$11,656,485$33,298,158
100$48,031,269$16,609,446$11,998,292$36,252,710