Can I retire at age 80 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$545,022$540,167$535,431$530,807$526,293$519,286
2 years$269,813$264,788$259,918$255,196$250,616$243,568
3 years$178,088$173,042$168,184$163,506$159,001$152,131
4 years$132,235$127,204$122,395$117,797$113,401$106,761
5 years$104,731$99,729$94,983$90,480$86,206$79,816
6 years$86,400$81,437$76,761$72,357$68,211$62,080
7 years$73,312$68,390$63,789$59,489$55,474$49,602
8 years$63,500$58,623$54,098$49,904$46,021$40,409
9 years$55,873$51,042$46,594$42,507$38,757$33,401
10 years$49,775$44,991$40,622$36,641$33,022$27,919
11 years$44,789$40,053$35,763$31,889$28,400$23,545
12 years$40,637$35,949$31,739$27,971$24,611$19,999
13 years$37,126$32,488$28,356$24,694$21,461$17,086
14 years$34,119$29,530$25,478$21,921$18,813$14,667
15 years$31,516$26,977$23,004$19,549$16,564$12,641
16 years$29,240$24,750$20,856$17,504$14,640$10,932
17 years$27,235$22,794$18,978$15,728$12,981$9,481
18 years$25,454$21,063$17,325$14,174$11,542$8,243
19 years$23,862$19,521$15,860$12,807$10,287$7,181
20 years$22,431$18,140$14,555$11,599$9,189$6,267
21 years$21,139$16,896$13,388$10,527$8,223$5,478
22 years$19,965$15,772$12,339$9,572$7,371$4,794
23 years$18,895$14,751$11,393$8,717$6,616$4,201
24 years$17,915$13,821$10,537$7,950$5,947$3,685
25 years$17,016$12,970$9,759$7,261$5,351$3,235
26 years$16,187$12,190$9,051$6,639$4,820$2,842
27 years$15,420$11,472$8,405$6,077$4,346$2,498
28 years$14,710$10,810$7,813$5,568$3,921$2,198
29 years$14,050$10,198$7,271$5,106$3,541$1,934
30 years$13,435$9,631$6,773$4,686$3,199$1,703
31 years$12,861$9,105$6,314$4,303$2,893$1,500
32 years$12,323$8,615$5,891$3,955$2,617$1,322
33 years$11,820$8,158$5,500$3,637$2,368$1,165
34 years$11,347$7,732$5,139$3,346$2,144$1,027
35 years$10,902$7,334$4,805$3,080$1,942$906
36 years$10,482$6,961$4,495$2,837$1,759$799
37 years$10,087$6,611$4,207$2,614$1,595$705
38 years$9,713$6,283$3,940$2,409$1,446$622
39 years$9,359$5,975$3,691$2,221$1,311$549
40 years$9,023$5,684$3,460$2,049$1,189$484
41 years$8,705$5,411$3,244$1,890$1,079$428
42 years$8,403$5,153$3,043$1,745$979$377
43 years$8,115$4,910$2,856$1,611$888$333
44 years$7,842$4,680$2,680$1,487$806$294
45 years$7,581$4,463$2,517$1,373$732$260
46 years$7,332$4,258$2,364$1,269$665$229
47 years$7,095$4,063$2,221$1,172$604$203
48 years$6,868$3,879$2,087$1,083$548$179
49 years$6,651$3,704$1,962$1,001$498$158
50 years$6,444$3,538$1,844$925$452$139

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,600,000, adding $4,209 every year, while hoping to spend $56,029 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: 61/11/28 Blend
79$6,600,000$6,600,000$6,600,000$6,600,000
80$7,277,542$6,927,742$6,825,442$7,666,313
81$7,960,236$7,207,586$6,994,479$8,211,366
82$8,710,688$7,499,266$7,167,302$8,799,647
83$9,535,749$7,803,301$7,343,978$9,440,628
84$10,442,968$8,120,235$7,524,574$10,139,464
85$11,440,663$8,450,638$7,709,158$10,901,834
86$12,537,996$8,795,106$7,897,801$11,733,984
87$13,745,065$9,154,259$8,090,570$12,642,795
88$15,072,993$9,528,748$8,287,536$13,635,839
89$16,534,036$9,919,255$8,488,766$14,721,454
90$18,141,699$10,326,490$8,694,331$15,908,819
91$19,910,861$10,751,197$8,904,300$17,208,044
92$21,857,917$11,194,153$9,118,742$18,630,259
93$24,000,931$11,656,174$9,337,727$20,187,722
94$26,359,808$12,138,108$9,561,323$21,893,931
95$28,956,480$12,640,848$9,789,599$23,763,752
96$31,815,114$13,165,322$10,022,623$25,813,558
97$34,962,339$13,712,506$10,260,464$28,061,381
98$38,427,496$14,283,417$10,503,188$30,527,083
99$42,242,917$14,879,121$10,750,862$33,232,541
100$46,444,230$15,500,733$11,003,551$36,201,851