Can I retire at age 80 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$685,406$679,301$673,344$667,531$661,854$654,669
2 years$339,310$332,991$326,866$320,928$315,168$307,935
3 years$223,960$217,613$211,504$205,622$199,956$192,897
4 years$166,296$159,969$153,921$148,139$142,610$135,781
5 years$131,707$125,417$119,449$113,785$108,410$101,830
6 years$108,655$102,413$96,532$90,995$85,781$79,459
7 years$92,195$86,006$80,219$74,812$69,763$63,701
8 years$79,857$73,723$68,032$62,758$57,875$52,073
9 years$70,265$64,189$58,596$53,456$48,739$43,195
10 years$62,596$56,580$51,085$46,079$41,528$36,238
11 years$56,325$50,370$44,975$40,103$35,716$30,675
12 years$51,104$45,209$39,914$35,176$30,950$26,154
13 years$46,689$40,856$35,660$31,055$26,989$22,432
14 years$42,908$37,137$32,041$27,567$23,659$19,333
15 years$39,634$33,925$28,929$24,585$20,831$16,731
16 years$36,772$31,126$26,228$22,013$18,411$14,529
17 years$34,250$28,665$23,867$19,779$16,324$12,654
18 years$32,010$26,488$21,787$17,824$14,515$11,048
19 years$30,008$24,549$19,945$16,106$12,937$9,667
20 years$28,209$22,812$18,305$14,587$11,556$8,474
21 years$26,583$21,249$16,837$13,239$10,341$7,440
22 years$25,107$19,835$15,518$12,037$9,269$6,542
23 years$23,762$18,551$14,328$10,962$8,321$5,759
24 years$22,530$17,381$13,251$9,998$7,479$5,075
25 years$21,399$16,311$12,273$9,131$6,730$4,476
26 years$20,356$15,330$11,382$8,349$6,062$3,951
27 years$19,392$14,427$10,570$7,642$5,465$3,490
28 years$18,499$13,595$9,826$7,002$4,931$3,085
29 years$17,669$12,825$9,144$6,421$4,453$2,728
30 years$16,895$12,112$8,517$5,893$4,024$2,414
31 years$16,173$11,450$7,940$5,412$3,638$2,137
32 years$15,497$10,834$7,408$4,974$3,291$1,892
33 years$14,864$10,260$6,917$4,574$2,978$1,676
34 years$14,269$9,724$6,463$4,208$2,696$1,485
35 years$13,710$9,223$6,042$3,874$2,442$1,317
36 years$13,182$8,754$5,653$3,568$2,213$1,167
37 years$12,685$8,314$5,291$3,287$2,005$1,035
38 years$12,214$7,902$4,955$3,030$1,818$918
39 years$11,769$7,514$4,642$2,794$1,649$814
40 years$11,347$7,149$4,351$2,577$1,495$722
41 years$10,947$6,805$4,080$2,377$1,357$641
42 years$10,567$6,481$3,827$2,194$1,231$569
43 years$10,206$6,175$3,591$2,025$1,117$505
44 years$9,862$5,886$3,371$1,870$1,014$448
45 years$9,534$5,613$3,165$1,727$921$397
46 years$9,221$5,354$2,973$1,595$836$353
47 years$8,923$5,110$2,793$1,474$759$313
48 years$8,637$4,878$2,624$1,362$689$278
49 years$8,365$4,658$2,467$1,259$626$247
50 years$8,104$4,450$2,319$1,163$569$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $8,300,000, adding $4,926 every year, while hoping to spend $36,764 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: 75/6/19 Blend
79$8,300,000$8,300,000$8,300,000$8,300,000
80$9,151,681$8,711,781$8,583,131$9,797,175
81$10,046,036$9,099,542$8,831,549$10,613,338
82$11,030,383$9,505,071$9,087,058$11,502,703
83$12,113,862$9,929,199$9,349,854$12,476,606
84$13,306,545$10,372,799$9,620,144$13,543,467
85$14,619,530$10,836,783$9,898,135$14,712,556
86$16,065,044$11,322,108$10,184,045$15,994,082
87$17,656,561$11,829,774$10,478,093$17,399,288
88$19,408,930$12,360,832$10,780,508$18,940,556
89$21,338,509$12,916,381$11,091,523$20,631,523
90$23,463,325$13,497,572$11,411,378$22,487,208
91$25,803,244$14,105,613$11,740,319$24,524,153
92$28,380,155$14,741,768$12,078,600$26,760,580
93$31,218,177$15,407,361$12,426,480$29,216,558
94$34,343,890$16,103,781$12,784,225$31,914,195
95$37,786,582$16,832,481$13,152,112$34,877,842
96$41,578,526$17,594,985$13,530,420$38,134,326
97$45,755,286$18,392,890$13,919,440$41,713,196
98$50,356,052$19,227,868$14,319,468$45,647,008
99$55,424,009$20,101,673$14,730,809$49,971,623
100$61,006,743$21,016,141$15,153,777$54,726,551