Can I retire at age 80 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$561,538$556,536$551,656$546,893$542,242$532,383
2 years$277,989$272,812$267,794$262,929$258,210$248,313
3 years$183,485$178,285$173,280$168,461$163,819$154,192
4 years$136,242$131,059$126,104$121,367$116,837$107,554
5 years$107,904$102,752$97,862$93,221$88,818$79,905
6 years$89,018$83,904$79,087$74,550$70,279$61,746
7 years$75,534$70,463$65,722$61,292$57,155$49,005
8 years$65,425$60,400$55,737$51,416$47,416$39,647
9 years$57,566$52,589$48,006$43,795$39,931$32,538
10 years$51,283$46,354$41,853$37,752$34,023$27,000
11 years$46,146$41,267$36,847$32,855$29,261$22,600
12 years$41,868$37,039$32,701$28,819$25,357$19,048
13 years$38,251$33,472$29,216$25,442$22,112$16,145
14 years$35,153$30,425$26,250$22,585$19,383$13,749
15 years$32,471$27,794$23,701$20,142$17,066$11,753
16 years$30,127$25,500$21,488$18,035$15,083$10,079
17 years$28,060$23,485$19,553$16,204$13,374$8,667
18 years$26,225$21,701$17,850$14,603$11,891$7,470
19 years$24,585$20,112$16,341$13,195$10,599$6,450
20 years$23,111$18,689$14,997$11,951$9,467$5,579
21 years$21,779$17,408$13,794$10,846$8,472$4,833
22 years$20,570$16,250$12,713$9,862$7,594$4,191
23 years$19,467$15,198$11,738$8,981$6,817$3,639
24 years$18,458$14,240$10,856$8,191$6,127$3,162
25 years$17,531$13,364$10,055$7,481$5,514$2,749
26 years$16,677$12,560$9,325$6,840$4,966$2,393
27 years$15,888$11,820$8,659$6,261$4,478$2,083
28 years$15,156$11,138$8,050$5,736$4,040$1,815
29 years$14,476$10,507$7,491$5,260$3,648$1,582
30 years$13,842$9,923$6,978$4,828$3,296$1,379
31 years$13,250$9,381$6,505$4,434$2,980$1,203
32 years$12,697$8,876$6,070$4,075$2,696$1,049
33 years$12,178$8,406$5,667$3,747$2,440$916
34 years$11,690$7,967$5,295$3,448$2,209$799
35 years$11,232$7,556$4,950$3,174$2,001$698
36 years$10,800$7,172$4,631$2,923$1,813$609
37 years$10,392$6,812$4,335$2,693$1,643$532
38 years$10,007$6,474$4,059$2,482$1,489$465
39 years$9,642$6,156$3,803$2,289$1,351$406
40 years$9,297$5,857$3,565$2,111$1,225$354
41 years$8,969$5,575$3,342$1,948$1,111$310
42 years$8,657$5,309$3,135$1,798$1,009$271
43 years$8,361$5,059$2,942$1,659$915$236
44 years$8,079$4,822$2,762$1,532$831$207
45 years$7,811$4,598$2,593$1,415$754$180
46 years$7,555$4,387$2,435$1,307$685$158
47 years$7,310$4,186$2,288$1,208$622$138
48 years$7,076$3,996$2,150$1,116$565$120
49 years$6,853$3,816$2,021$1,031$513$105
50 years$6,639$3,645$1,900$953$466$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,800,000, adding $3,831 every year, while hoping to spend $41,981 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: 27/47/26 Blend
79$6,800,000$6,800,000$6,800,000$6,800,000
80$7,497,552$7,137,152$7,031,752$7,638,919
81$8,217,634$7,442,205$7,222,648$8,057,751
82$9,009,759$7,760,798$7,418,532$8,503,235
83$9,881,228$8,093,551$7,619,527$8,980,685
84$10,840,091$8,441,113$7,825,758$9,492,848
85$11,895,213$8,804,160$8,037,354$10,042,732
86$13,056,365$9,183,404$8,254,446$10,633,628
87$14,334,311$9,579,588$8,477,166$11,269,144
88$15,740,913$9,993,490$8,705,654$11,953,227
89$17,289,240$10,425,925$8,940,047$12,690,208
90$18,993,693$10,877,746$9,180,489$13,484,828
91$20,870,140$11,349,846$9,427,127$14,342,290
92$22,936,067$11,843,160$9,680,107$15,268,297
93$25,210,738$12,358,668$9,939,584$16,269,105
94$27,715,385$12,897,395$10,205,712$17,351,578
95$30,473,400$13,460,413$10,478,649$18,523,248
96$33,510,561$14,048,847$10,758,557$19,792,384
97$36,855,272$14,663,874$11,045,602$21,168,060
98$40,538,832$15,306,726$11,339,952$22,660,244
99$44,595,731$15,978,694$11,641,779$24,279,879
100$49,063,975$16,681,129$11,951,258$26,038,988