Can I retire at age 80 with 8,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$668,890$662,932$657,119$651,446$645,905$626,736
2 years$331,134$324,967$318,990$313,195$307,574$288,420
3 years$218,563$212,369$206,408$200,667$195,138$176,599
4 years$162,289$156,114$150,212$144,569$139,174$121,392
5 years$128,533$122,395$116,571$111,043$105,798$88,822
6 years$106,036$99,945$94,206$88,802$83,714$67,560
7 years$89,974$83,934$78,286$73,009$68,082$52,748
8 years$77,932$71,947$66,393$61,245$56,481$41,958
9 years$68,572$62,642$57,184$52,168$47,565$33,839
10 years$61,087$55,216$49,854$44,969$40,528$27,579
11 years$54,968$49,156$43,891$39,136$34,855$22,661
12 years$49,872$44,120$38,952$34,328$30,205$18,741
13 years$45,564$39,871$34,801$30,306$26,339$15,580
14 years$41,874$36,242$31,269$26,903$23,089$13,007
15 years$38,679$33,108$28,232$23,992$20,329$10,895
16 years$35,886$30,376$25,596$21,483$17,967$9,153
17 years$33,424$27,975$23,291$19,302$15,931$7,707
18 years$31,239$25,850$21,262$17,395$14,165$6,502
19 years$29,285$23,957$19,464$15,718$12,625$5,495
20 years$27,529$22,262$17,863$14,236$11,277$4,649
21 years$25,943$20,737$16,431$12,920$10,092$3,939
22 years$24,502$19,357$15,144$11,747$9,046$3,340
23 years$23,189$18,104$13,983$10,698$8,120$2,835
24 years$21,987$16,962$12,931$9,757$7,299$2,407
25 years$20,883$15,918$11,977$8,911$6,568$2,045
26 years$19,866$14,961$11,108$8,148$5,916$1,739
27 years$18,925$14,080$10,315$7,458$5,334$1,479
28 years$18,053$13,267$9,589$6,833$4,813$1,258
29 years$17,243$12,516$8,923$6,266$4,346$1,071
30 years$16,488$11,820$8,312$5,751$3,927$912
31 years$15,783$11,174$7,749$5,281$3,550$776
32 years$15,124$10,573$7,230$4,854$3,211$661
33 years$14,506$10,013$6,751$4,463$2,906$563
34 years$13,925$9,490$6,307$4,107$2,631$480
35 years$13,379$9,001$5,897$3,781$2,383$409
36 years$12,865$8,543$5,516$3,482$2,159$348
37 years$12,379$8,114$5,163$3,208$1,957$297
38 years$11,920$7,711$4,835$2,957$1,774$253
39 years$11,486$7,333$4,530$2,726$1,609$215
40 years$11,074$6,976$4,246$2,515$1,459$184
41 years$10,683$6,641$3,981$2,320$1,324$157
42 years$10,312$6,325$3,735$2,141$1,201$133
43 years$9,960$6,026$3,504$1,977$1,090$114
44 years$9,624$5,744$3,290$1,825$990$97
45 years$9,304$5,477$3,089$1,685$898$83
46 years$8,999$5,225$2,901$1,557$816$70
47 years$8,708$4,987$2,726$1,438$741$60
48 years$8,429$4,760$2,561$1,329$673$51
49 years$8,163$4,546$2,407$1,228$611$44
50 years$7,908$4,342$2,263$1,135$555$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $8,100,000, adding $4,603 every year, while hoping to spend $21,139 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: 77/13/10 Blend
79$8,100,000$8,100,000$8,100,000$8,100,000
80$8,930,948$8,501,648$8,376,098$9,602,887
81$9,819,413$8,895,737$8,634,206$10,439,607
82$10,797,793$9,308,428$8,900,251$11,353,638
83$11,875,237$9,740,610$9,174,479$12,355,235
84$13,061,826$10,193,215$9,457,139$13,453,105
85$14,368,670$10,667,220$9,748,490$14,656,834
86$15,808,010$11,163,649$10,048,800$15,976,977
87$17,393,335$11,683,576$10,358,343$17,425,156
88$19,139,510$12,228,126$10,677,403$19,014,165
89$21,062,914$12,798,479$11,006,270$20,758,096
90$23,181,598$13,395,871$11,345,247$22,672,464
91$25,515,451$14,021,598$11,694,642$24,774,354
92$28,086,391$14,677,021$12,054,777$27,082,585
93$30,918,570$15,363,562$12,425,979$29,617,877
94$34,038,603$16,082,716$12,808,589$32,403,055
95$37,475,820$16,836,048$13,202,955$35,463,254
96$41,262,539$17,625,199$13,609,440$38,826,160
97$45,434,375$18,451,891$14,028,413$42,522,266
98$50,030,574$19,317,927$14,460,258$46,585,160
99$55,094,386$20,225,199$14,905,370$51,051,840
100$60,673,468$21,175,689$15,364,155$55,963,057