Can I retire at age 80 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$718,438$712,038$705,795$699,701$693,750$670,738
2 years$355,662$349,038$342,619$336,395$330,357$307,396
3 years$234,753$228,100$221,697$215,531$209,592$187,403
4 years$174,310$167,678$161,339$155,278$149,483$128,235
5 years$138,054$131,462$125,205$119,269$113,635$93,385
6 years$113,891$107,348$101,185$95,380$89,915$70,681
7 years$96,638$90,151$84,085$78,417$73,125$54,903
8 years$83,705$77,276$71,311$65,782$60,664$43,441
9 years$73,651$67,283$61,420$56,032$51,088$34,843
10 years$65,612$59,306$53,547$48,300$43,530$28,237
11 years$59,040$52,797$47,142$42,035$37,437$23,067
12 years$53,566$47,388$41,837$36,871$32,442$18,964
13 years$48,939$42,825$37,379$32,551$28,290$15,669
14 years$44,976$38,926$33,585$28,895$24,799$12,999
15 years$41,544$35,560$30,323$25,770$21,835$10,820
16 years$38,544$32,626$27,492$23,074$19,298$9,031
17 years$35,900$30,047$25,017$20,732$17,111$7,554
18 years$33,553$27,765$22,837$18,683$15,214$6,331
19 years$31,454$25,732$20,906$16,882$13,561$5,314
20 years$29,569$23,911$19,187$15,290$12,113$4,466
21 years$27,864$22,273$17,648$13,877$10,839$3,757
22 years$26,317$20,791$16,265$12,617$9,716$3,163
23 years$24,907$19,445$15,018$11,491$8,722$2,666
24 years$23,616$18,219$13,889$10,480$7,839$2,248
25 years$22,430$17,097$12,864$9,571$7,054$1,896
26 years$21,337$16,069$11,931$8,751$6,354$1,600
27 years$20,327$15,123$11,079$8,010$5,729$1,351
28 years$19,390$14,250$10,299$7,339$5,169$1,141
29 years$18,520$13,443$9,584$6,730$4,668$964
30 years$17,709$12,696$8,928$6,177$4,217$815
31 years$16,953$12,002$8,323$5,673$3,813$689
32 years$16,244$11,356$7,765$5,213$3,449$582
33 years$15,580$10,754$7,251$4,794$3,121$492
34 years$14,957$10,193$6,775$4,411$2,826$416
35 years$14,370$9,668$6,334$4,061$2,560$352
36 years$13,818$9,176$5,925$3,740$2,319$297
37 years$13,296$8,715$5,546$3,446$2,102$252
38 years$12,803$8,282$5,193$3,176$1,906$213
39 years$12,336$7,876$4,866$2,928$1,728$180
40 years$11,894$7,493$4,561$2,701$1,567$152
41 years$11,475$7,133$4,276$2,492$1,422$129
42 years$11,076$6,793$4,011$2,300$1,290$109
43 years$10,697$6,472$3,764$2,123$1,171$92
44 years$10,337$6,169$3,533$1,960$1,063$78
45 years$9,993$5,883$3,318$1,810$965$66
46 years$9,665$5,612$3,116$1,672$876$56
47 years$9,353$5,356$2,927$1,545$796$47
48 years$9,054$5,113$2,751$1,428$723$40
49 years$8,768$4,883$2,586$1,319$656$34
50 years$8,494$4,664$2,431$1,219$596$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $8,700,000, adding $5,774 every year, while hoping to spend $42,115 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: 72/18/10 Blend
79$8,700,000$8,700,000$8,700,000$8,700,000
80$9,593,356$9,132,256$8,997,406$10,265,477
81$10,527,068$9,534,926$9,254,009$11,113,220
82$11,554,608$9,955,916$9,517,797$12,035,385
83$12,685,500$10,396,079$9,788,965$13,043,942
84$13,930,242$10,856,307$10,067,716$14,147,408
85$15,300,398$11,337,538$10,354,256$15,355,157
86$16,808,712$11,840,750$10,648,797$16,677,508
87$18,469,226$12,366,972$10,951,557$18,125,818
88$20,297,412$12,917,279$11,262,760$19,712,592
89$22,310,319$13,492,797$11,582,633$21,451,591
90$24,526,734$14,094,706$11,911,414$23,357,970
91$26,967,357$14,724,243$12,249,342$25,448,412
92$29,654,999$15,382,703$12,596,667$27,741,286
93$32,614,795$16,071,441$12,953,641$30,256,817
94$35,874,442$16,791,880$13,320,527$33,017,278
95$39,464,461$17,545,508$13,697,590$36,047,193
96$43,418,483$18,333,885$14,085,106$39,373,569
97$47,773,567$19,158,644$14,483,356$43,026,150
98$52,570,552$20,021,498$14,892,629$47,037,691
99$57,854,437$20,924,241$15,313,222$51,444,266
100$63,674,812$21,868,751$15,745,437$56,285,607