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%16.3%
1 years$536,764$531,983$527,318$522,765$518,319$504,969
2 years$265,725$260,776$255,980$251,329$246,819$233,458
3 years$175,390$170,420$165,636$161,029$156,592$143,638
4 years$130,232$125,277$120,540$116,012$111,683$99,235
5 years$103,144$98,218$93,544$89,109$84,899$72,993
6 years$85,091$80,203$75,598$71,261$67,178$55,824
7 years$72,201$67,354$62,822$58,588$54,634$43,834
8 years$62,538$57,735$53,278$49,148$45,324$35,072
9 years$55,027$50,269$45,888$41,863$38,169$28,457
10 years$49,021$44,309$40,007$36,086$32,522$23,338
11 years$44,110$39,446$35,221$31,406$27,970$19,300
12 years$40,021$35,405$31,258$27,547$24,238$16,067
13 years$36,563$31,995$27,927$24,320$21,136$13,447
14 years$33,602$29,083$25,092$21,589$18,528$11,304
15 years$31,039$26,568$22,655$19,253$16,313$9,536
16 years$28,797$24,375$20,540$17,239$14,418$8,068
17 years$26,822$22,449$18,691$15,489$12,784$6,844
18 years$25,068$20,744$17,062$13,959$11,367$5,817
19 years$23,500$19,225$15,620$12,613$10,132$4,952
20 years$22,091$17,865$14,335$11,424$9,050$4,223
21 years$20,818$16,640$13,185$10,368$8,098$3,605
22 years$19,662$15,533$12,152$9,427$7,259$3,081
23 years$18,609$14,528$11,221$8,585$6,516$2,635
24 years$17,644$13,612$10,377$7,830$5,857$2,256
25 years$16,758$12,774$9,611$7,151$5,270$1,932
26 years$15,941$12,005$8,914$6,538$4,747$1,656
27 years$15,187$11,299$8,277$5,985$4,280$1,420
28 years$14,487$10,647$7,695$5,483$3,862$1,218
29 years$13,837$10,044$7,161$5,028$3,487$1,045
30 years$13,231$9,485$6,670$4,615$3,151$897
31 years$12,666$8,967$6,218$4,238$2,849$770
32 years$12,137$8,484$5,802$3,895$2,577$661
33 years$11,641$8,035$5,417$3,582$2,332$568
34 years$11,175$7,615$5,061$3,296$2,111$488
35 years$10,736$7,223$4,732$3,034$1,912$419
36 years$10,324$6,856$4,427$2,794$1,733$360
37 years$9,934$6,511$4,143$2,574$1,570$309
38 years$9,565$6,188$3,880$2,373$1,424$266
39 years$9,217$5,884$3,635$2,188$1,291$229
40 years$8,887$5,598$3,407$2,018$1,171$196
41 years$8,573$5,329$3,195$1,862$1,062$169
42 years$8,275$5,075$2,997$1,718$964$145
43 years$7,992$4,836$2,812$1,586$875$125
44 years$7,723$4,609$2,640$1,465$794$107
45 years$7,466$4,395$2,479$1,353$721$92
46 years$7,221$4,193$2,328$1,249$655$79
47 years$6,988$4,002$2,187$1,154$594$68
48 years$6,764$3,820$2,055$1,067$540$59
49 years$6,551$3,648$1,932$986$490$50
50 years$6,346$3,485$1,816$911$445$43

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 $4,224 every year, while hoping to spend $22,329 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: 46/39/15 Blend
79$6,500,000$6,500,000$6,500,000$6,500,000
80$7,167,357$6,822,857$6,722,107$7,466,361
81$7,874,670$7,133,419$6,923,540$7,985,190
82$8,653,380$7,458,450$7,130,972$8,545,118
83$9,510,746$7,798,636$7,344,581$9,152,077
84$10,454,768$8,154,695$7,564,550$9,810,445
85$11,494,258$8,527,379$7,791,067$10,525,027
86$12,638,930$8,917,478$8,024,325$11,301,098
87$13,899,483$9,325,817$8,264,523$12,144,452
88$15,287,712$9,753,264$8,511,866$13,061,454
89$16,816,611$10,200,726$8,766,565$14,059,096
90$18,500,498$10,669,154$9,028,838$15,145,057
91$20,355,152$11,159,546$9,298,907$16,327,781
92$22,397,960$11,672,946$9,577,003$17,616,543
93$24,648,083$12,210,451$9,863,363$19,021,541
94$27,126,631$12,773,208$10,158,230$20,553,985
95$29,856,872$13,362,419$10,461,856$22,226,200
96$32,864,442$13,979,347$10,774,497$24,051,738
97$36,177,593$14,625,312$11,096,420$26,045,502
98$39,827,456$15,301,701$11,427,898$28,223,883
99$43,848,337$16,009,965$11,769,213$30,604,908
100$48,278,039$16,751,625$12,120,654$33,208,409