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%12.7%
1 years$718,438$712,038$705,795$699,701$693,750$685,935
2 years$355,662$349,038$342,619$336,395$330,357$322,489
3 years$234,753$228,100$221,697$215,531$209,592$201,916
4 years$174,310$167,678$161,339$155,278$149,483$142,058
5 years$138,054$131,462$125,205$119,269$113,635$106,482
6 years$113,891$107,348$101,185$95,380$89,915$83,044
7 years$96,638$90,151$84,085$78,417$73,125$66,538
8 years$83,705$77,276$71,311$65,782$60,664$54,361
9 years$73,651$67,283$61,420$56,032$51,088$45,066
10 years$65,612$59,306$53,547$48,300$43,530$37,785
11 years$59,040$52,797$47,142$42,035$37,437$31,965
12 years$53,566$47,388$41,837$36,871$32,442$27,236
13 years$48,939$42,825$37,379$32,551$28,290$23,345
14 years$44,976$38,926$33,585$28,895$24,799$20,107
15 years$41,544$35,560$30,323$25,770$21,835$17,389
16 years$38,544$32,626$27,492$23,074$19,298$15,090
17 years$35,900$30,047$25,017$20,732$17,111$13,133
18 years$33,553$27,765$22,837$18,683$15,214$11,458
19 years$31,454$25,732$20,906$16,882$13,561$10,019
20 years$29,569$23,911$19,187$15,290$12,113$8,776
21 years$27,864$22,273$17,648$13,877$10,839$7,700
22 years$26,317$20,791$16,265$12,617$9,716$6,765
23 years$24,907$19,445$15,018$11,491$8,722$5,950
24 years$23,616$18,219$13,889$10,480$7,839$5,239
25 years$22,430$17,097$12,864$9,571$7,054$4,618
26 years$21,337$16,069$11,931$8,751$6,354$4,073
27 years$20,327$15,123$11,079$8,010$5,729$3,595
28 years$19,390$14,250$10,299$7,339$5,169$3,175
29 years$18,520$13,443$9,584$6,730$4,668$2,806
30 years$17,709$12,696$8,928$6,177$4,217$2,481
31 years$16,953$12,002$8,323$5,673$3,813$2,194
32 years$16,244$11,356$7,765$5,213$3,449$1,941
33 years$15,580$10,754$7,251$4,794$3,121$1,718
34 years$14,957$10,193$6,775$4,411$2,826$1,521
35 years$14,370$9,668$6,334$4,061$2,560$1,347
36 years$13,818$9,176$5,925$3,740$2,319$1,193
37 years$13,296$8,715$5,546$3,446$2,102$1,057
38 years$12,803$8,282$5,193$3,176$1,906$937
39 years$12,336$7,876$4,866$2,928$1,728$830
40 years$11,894$7,493$4,561$2,701$1,567$736
41 years$11,475$7,133$4,276$2,492$1,422$652
42 years$11,076$6,793$4,011$2,300$1,290$578
43 years$10,697$6,472$3,764$2,123$1,171$513
44 years$10,337$6,169$3,533$1,960$1,063$455
45 years$9,993$5,883$3,318$1,810$965$403
46 years$9,665$5,612$3,116$1,672$876$358
47 years$9,353$5,356$2,927$1,545$796$317
48 years$9,054$5,113$2,751$1,428$723$281
49 years$8,768$4,883$2,586$1,319$656$249
50 years$8,494$4,664$2,431$1,219$596$221

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 $5,706 every year, while hoping to spend $47,448 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: 55/39/6 Blend
79$8,700,000$8,700,000$8,700,000$8,700,000
80$9,593,286$9,132,186$8,997,336$10,108,029
81$10,521,317$9,529,179$9,248,262$10,852,835
82$11,542,416$9,944,034$9,506,004$11,657,551
83$12,666,028$10,377,576$9,770,741$12,532,481
84$13,902,556$10,830,671$10,042,654$13,484,298
85$15,263,464$11,304,221$10,321,930$14,520,332
86$16,761,385$11,799,176$10,608,762$15,648,638
87$18,410,237$12,316,526$10,903,346$16,878,071
88$20,225,356$12,857,310$11,205,883$18,218,363
89$22,223,641$13,422,618$11,516,580$19,680,215
90$24,423,714$14,013,587$11,835,646$21,275,394
91$26,846,091$14,631,412$12,163,299$23,016,835
92$29,513,383$15,277,341$12,499,760$24,918,768
93$32,450,501$15,952,684$12,845,255$26,996,842
94$35,684,899$16,658,812$13,200,017$29,268,271
95$39,246,825$17,397,160$13,564,284$31,751,992
96$43,169,612$18,169,232$13,938,299$34,468,838
97$47,489,992$18,976,604$14,322,311$37,441,732
98$52,248,438$19,820,924$14,716,576$40,695,896
99$57,489,551$20,703,922$15,121,354$44,259,087
100$63,262,479$21,627,408$15,536,913$48,161,849