Can I retire at age 80 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$693,664$687,485$681,457$675,573$669,828$653,370
2 years$343,398$337,003$330,804$324,795$318,966$302,486
3 years$226,658$220,235$214,052$208,099$202,365$186,379
4 years$168,299$161,896$155,775$149,924$144,328$128,959
5 years$133,293$126,928$120,888$115,156$109,716$95,006
6 years$109,964$103,647$97,695$92,091$86,815$72,779
7 years$93,306$87,042$81,185$75,713$70,604$57,243
8 years$80,819$74,611$68,852$63,514$58,572$45,882
9 years$71,111$64,963$59,302$54,100$49,326$37,296
10 years$63,350$57,261$51,701$46,634$42,029$30,644
11 years$57,004$50,976$45,517$40,586$36,146$25,390
12 years$51,719$45,754$40,395$35,599$31,323$21,179
13 years$47,251$41,348$36,090$31,429$27,315$17,761
14 years$43,425$37,584$32,427$27,899$23,944$14,961
15 years$40,111$34,334$29,277$24,881$21,082$12,648
16 years$37,215$31,501$26,544$22,278$18,632$10,724
17 years$34,662$29,011$24,154$20,017$16,521$9,116
18 years$32,396$26,807$22,050$18,039$14,689$7,765
19 years$30,370$24,845$20,185$16,300$13,093$6,626
20 years$28,549$23,087$18,525$14,763$11,695$5,663
21 years$26,904$21,505$17,040$13,398$10,466$4,846
22 years$25,410$20,074$15,705$12,182$9,381$4,151
23 years$24,048$18,775$14,500$11,094$8,421$3,559
24 years$22,802$17,591$13,410$10,119$7,569$3,053
25 years$21,656$16,508$12,421$9,241$6,811$2,622
26 years$20,601$15,515$11,520$8,449$6,135$2,252
27 years$19,626$14,601$10,697$7,734$5,531$1,936
28 years$18,722$13,759$9,944$7,086$4,991$1,665
29 years$17,882$12,980$9,254$6,498$4,507$1,432
30 years$17,099$12,258$8,620$5,964$4,072$1,232
31 years$16,368$11,588$8,036$5,477$3,682$1,060
32 years$15,684$10,964$7,498$5,034$3,330$913
33 years$15,043$10,383$7,001$4,629$3,014$786
34 years$14,441$9,841$6,541$4,259$2,729$677
35 years$13,875$9,334$6,115$3,921$2,471$583
36 years$13,341$8,860$5,721$3,611$2,239$502
37 years$12,837$8,415$5,354$3,327$2,030$433
38 years$12,361$7,997$5,014$3,066$1,840$373
39 years$11,911$7,604$4,698$2,827$1,669$321
40 years$11,484$7,235$4,403$2,608$1,513$277
41 years$11,079$6,887$4,129$2,406$1,373$239
42 years$10,694$6,559$3,873$2,221$1,246$206
43 years$10,329$6,249$3,634$2,050$1,131$177
44 years$9,980$5,957$3,411$1,893$1,026$153
45 years$9,649$5,680$3,203$1,748$932$132
46 years$9,332$5,419$3,009$1,615$846$113
47 years$9,030$5,171$2,826$1,492$768$98
48 years$8,741$4,937$2,656$1,378$698$84
49 years$8,465$4,714$2,497$1,274$634$73
50 years$8,201$4,503$2,347$1,177$575$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $8,400,000, adding $5,277 every year, while hoping to spend $41,225 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: 68/10/22 Blend
79$8,400,000$8,400,000$8,400,000$8,400,000
80$9,262,243$8,817,043$8,686,843$9,840,346
81$10,163,129$9,205,215$8,933,989$10,616,371
82$11,154,523$9,611,026$9,188,033$11,459,727
83$12,245,615$10,035,296$9,449,162$12,381,342
84$13,446,527$10,478,886$9,717,569$13,388,938
85$14,768,417$10,942,695$9,993,451$14,491,014
86$16,223,574$11,427,666$10,277,011$15,696,925
87$17,825,545$11,934,788$10,568,457$17,016,973
88$19,589,252$12,465,094$10,868,002$18,462,497
89$21,531,141$13,019,668$11,175,865$20,045,984
90$23,669,331$13,599,646$11,492,271$21,781,184
91$26,023,791$14,206,216$11,817,449$23,683,236
92$28,616,521$14,840,624$12,151,637$25,768,811
93$31,471,766$15,504,175$12,495,077$28,056,271
94$34,616,241$16,198,235$12,848,018$30,565,834
95$38,079,386$16,924,236$13,210,714$33,319,768
96$41,893,638$17,683,678$13,583,427$36,342,599
97$46,094,743$18,478,133$13,966,427$39,661,340
98$50,722,092$19,309,247$14,359,987$43,305,743
99$55,819,089$20,178,744$14,764,391$47,308,580
100$61,433,566$21,088,432$15,179,927$51,705,948