Can I retire at age 80 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$701,922$695,670$689,570$683,616$677,802$654,795
2 years$347,486$341,015$334,743$328,661$322,763$299,815
3 years$229,356$222,857$216,601$210,577$204,774$182,605
4 years$170,303$163,823$157,630$151,709$146,047$124,826
5 years$134,880$128,439$122,327$116,527$111,022$90,807
6 years$111,273$104,880$98,859$93,187$87,848$68,654
7 years$94,417$88,078$82,152$76,614$71,444$53,268
8 years$81,781$75,500$69,671$64,270$59,270$42,097
9 years$71,958$65,736$60,008$54,744$49,914$33,724
10 years$64,104$57,943$52,316$47,190$42,529$27,296
11 years$57,683$51,583$46,058$41,069$36,576$22,270
12 years$52,335$46,298$40,876$36,023$31,696$18,284
13 years$47,814$41,840$36,520$31,803$27,640$15,086
14 years$43,942$38,032$32,813$28,231$24,229$12,499
15 years$40,589$34,743$29,626$25,177$21,333$10,389
16 years$37,658$31,876$26,860$22,544$18,854$8,658
17 years$35,075$29,356$24,442$20,255$16,717$7,232
18 years$32,781$27,126$22,312$18,254$14,864$6,052
19 years$30,731$25,141$20,426$16,494$13,249$5,072
20 years$28,889$23,362$18,746$14,939$11,834$4,256
21 years$27,224$21,761$17,242$13,558$10,590$3,575
22 years$25,712$20,313$15,892$12,327$9,493$3,005
23 years$24,334$18,998$14,673$11,226$8,521$2,528
24 years$23,073$17,800$13,570$10,239$7,659$2,129
25 years$21,914$16,704$12,569$9,351$6,892$1,793
26 years$20,847$15,699$11,657$8,550$6,208$1,511
27 years$19,860$14,775$10,824$7,826$5,597$1,273
28 years$18,945$13,922$10,063$7,170$5,050$1,074
29 years$18,094$13,134$9,364$6,575$4,560$906
30 years$17,302$12,404$8,722$6,035$4,121$764
31 years$16,563$11,726$8,132$5,542$3,725$645
32 years$15,871$11,095$7,587$5,093$3,370$544
33 years$15,222$10,507$7,084$4,684$3,050$459
34 years$14,613$9,958$6,619$4,310$2,761$388
35 years$14,040$9,445$6,188$3,967$2,501$327
36 years$13,500$8,965$5,789$3,654$2,266$276
37 years$12,990$8,515$5,418$3,366$2,054$233
38 years$12,509$8,092$5,074$3,103$1,862$197
39 years$12,053$7,695$4,754$2,861$1,688$166
40 years$11,621$7,321$4,456$2,639$1,531$140
41 years$11,211$6,969$4,178$2,435$1,389$119
42 years$10,822$6,637$3,919$2,247$1,261$100
43 years$10,452$6,324$3,678$2,074$1,144$85
44 years$10,099$6,028$3,452$1,915$1,039$71
45 years$9,763$5,748$3,241$1,769$943$60
46 years$9,443$5,483$3,044$1,634$856$51
47 years$9,138$5,233$2,860$1,509$777$43
48 years$8,846$4,995$2,688$1,395$706$36
49 years$8,566$4,770$2,526$1,289$641$31
50 years$8,299$4,557$2,375$1,191$582$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $8,500,000, adding $3,696 every year, while hoping to spend $28,276 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: 44/48/8 Blend
79$8,500,000$8,500,000$8,500,000$8,500,000
80$9,370,812$8,920,312$8,788,562$9,761,643
81$10,296,550$9,327,322$9,052,894$10,439,716
82$11,315,765$9,753,328$9,325,133$11,170,992
83$12,437,962$10,199,230$9,605,514$11,962,895
84$13,673,615$10,665,974$9,894,280$12,821,000
85$15,034,265$11,154,547$10,191,679$13,751,421
86$16,532,628$11,665,988$10,497,968$14,760,868
87$18,182,717$12,201,383$10,813,411$15,856,705
88$19,999,974$12,761,870$11,138,281$17,047,015
89$22,001,414$13,348,644$11,472,855$18,340,671
90$24,205,786$13,962,956$11,817,424$19,747,421
91$26,633,751$14,606,116$12,172,282$21,277,965
92$29,308,077$15,279,498$12,537,737$22,944,061
93$32,253,850$15,984,543$12,914,100$24,758,625
94$35,498,718$16,722,760$13,301,698$26,735,847
95$39,073,143$17,495,732$13,700,861$28,891,325
96$43,010,697$18,305,116$14,111,933$31,242,199
97$47,348,373$19,152,652$14,535,267$33,807,310
98$52,126,935$20,040,159$14,971,227$36,607,373
99$57,391,304$20,969,549$15,420,185$39,665,161
100$63,190,983$21,942,823$15,882,527$43,005,716