Can I retire at age 80 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$660,633$654,748$649,007$643,403$637,931$615,297
2 years$327,046$320,955$315,052$309,328$303,777$281,214
3 years$215,865$209,748$203,859$198,190$192,728$170,947
4 years$160,285$154,187$148,357$142,785$137,456$116,621
5 years$126,946$120,884$115,131$109,672$104,492$84,659
6 years$104,727$98,711$93,043$87,706$82,681$63,865
7 years$88,863$82,897$77,319$72,108$67,241$49,439
8 years$76,970$71,058$65,573$60,489$55,783$38,979
9 years$67,725$61,869$56,478$51,524$46,978$31,150
10 years$60,333$54,535$49,239$44,414$40,027$25,149
11 years$54,289$48,549$43,349$38,653$34,425$20,465
12 years$49,256$43,575$38,471$33,904$29,832$16,757
13 years$45,001$39,379$34,371$29,932$26,014$13,789
14 years$41,357$35,794$30,883$26,571$22,804$11,392
15 years$38,201$32,699$27,883$23,696$20,078$9,442
16 years$35,443$30,001$25,280$21,217$17,745$7,847
17 years$33,012$27,629$23,004$19,064$15,734$6,535
18 years$30,853$25,531$21,000$17,180$13,990$5,452
19 years$28,924$23,662$19,224$15,524$12,470$4,555
20 years$27,189$21,988$17,643$14,060$11,138$3,811
21 years$25,622$20,481$16,228$12,760$9,967$3,191
22 years$24,200$19,118$14,957$11,602$8,934$2,674
23 years$22,903$17,881$13,810$10,566$8,020$2,243
24 years$21,716$16,753$12,772$9,637$7,208$1,882
25 years$20,625$15,722$11,829$8,801$6,487$1,580
26 years$19,620$14,776$10,971$8,047$5,843$1,327
27 years$18,691$13,906$10,188$7,366$5,268$1,115
28 years$17,830$13,103$9,471$6,749$4,753$937
29 years$17,030$12,362$8,813$6,189$4,292$788
30 years$16,285$11,674$8,209$5,680$3,878$663
31 years$15,589$11,036$7,653$5,216$3,506$557
32 years$14,937$10,442$7,141$4,794$3,172$469
33 years$14,327$9,889$6,667$4,408$2,870$394
34 years$13,753$9,373$6,229$4,056$2,599$332
35 years$13,214$8,890$5,824$3,734$2,354$279
36 years$12,706$8,438$5,448$3,439$2,133$235
37 years$12,226$8,014$5,100$3,168$1,933$198
38 years$11,773$7,616$4,775$2,920$1,752$166
39 years$11,344$7,242$4,474$2,693$1,589$140
40 years$10,937$6,890$4,194$2,484$1,441$118
41 years$10,552$6,559$3,932$2,291$1,308$99
42 years$10,185$6,246$3,689$2,115$1,187$83
43 years$9,837$5,952$3,461$1,952$1,077$70
44 years$9,505$5,673$3,249$1,803$977$59
45 years$9,189$5,410$3,051$1,665$887$50
46 years$8,888$5,161$2,865$1,538$806$42
47 years$8,600$4,925$2,692$1,421$732$35
48 years$8,325$4,702$2,530$1,313$664$30
49 years$8,062$4,490$2,378$1,213$603$25
50 years$7,811$4,289$2,235$1,121$548$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $8,000,000, adding $5,844 every year, while hoping to spend $54,949 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: 72/17/11 Blend
79$8,000,000$8,000,000$8,000,000$8,000,000
80$8,822,028$8,398,028$8,274,028$9,437,488
81$9,663,410$8,751,066$8,492,743$10,198,407
82$10,588,770$9,119,561$8,716,943$11,023,985
83$11,606,618$9,504,213$8,946,754$11,926,469
84$12,726,327$9,905,754$9,182,304$12,913,444
85$13,958,225$10,324,948$9,423,723$13,993,254
86$15,313,692$10,762,598$9,671,146$15,175,088
87$16,805,266$11,219,543$9,924,706$16,469,059
88$18,446,762$11,696,659$10,184,543$17,886,301
89$20,253,402$12,194,866$10,450,796$19,439,072
90$22,241,959$12,715,125$10,723,608$21,140,867
91$24,430,915$13,258,442$11,003,124$23,006,546
92$26,840,633$13,825,870$11,289,493$25,052,472
93$29,493,551$14,418,511$11,582,865$27,296,663
94$32,414,395$15,037,520$11,883,393$29,758,960
95$35,630,410$15,684,105$12,191,233$32,461,212
96$39,171,614$16,359,529$12,506,542$35,427,482
97$43,071,089$17,065,116$12,829,481$38,684,273
98$47,365,285$17,802,252$13,160,214$42,260,771
99$52,094,369$18,572,387$13,498,906$46,189,125
100$57,302,602$19,377,041$13,845,726$50,504,742