Can I retire at age 80 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$726,696$720,223$713,907$707,743$701,724$697,302
2 years$359,750$353,050$346,557$340,261$334,154$329,694
3 years$237,451$230,722$224,245$218,009$212,001$207,640
4 years$176,314$169,605$163,193$157,063$151,201$146,973
5 years$139,641$132,973$126,645$120,639$114,941$110,858
6 years$115,200$108,582$102,348$96,476$90,949$87,017
7 years$97,749$91,187$85,051$79,318$73,966$70,187
8 years$84,667$78,164$72,130$66,538$61,362$57,736
9 years$74,498$68,056$62,126$56,676$51,675$48,202
10 years$66,367$59,988$54,163$48,855$44,030$40,707
11 years$59,718$53,404$47,684$42,519$37,867$34,692
12 years$54,182$47,932$42,318$37,295$32,815$29,785
13 years$49,501$43,317$37,809$32,925$28,615$25,727
14 years$45,493$39,374$33,971$29,228$25,084$22,335
15 years$42,022$35,969$30,671$26,066$22,086$19,472
16 years$38,987$33,001$27,808$23,339$19,520$17,037
17 years$36,313$30,392$25,304$20,970$17,307$14,952
18 years$33,938$28,084$23,100$18,898$15,389$13,157
19 years$31,816$26,028$21,147$17,076$13,717$11,603
20 years$29,908$24,186$19,407$15,466$12,252$10,254
21 years$28,185$22,529$17,851$14,036$10,964$9,076
22 years$26,620$21,030$16,452$12,762$9,828$8,046
23 years$25,193$19,669$15,191$11,623$8,822$7,143
24 years$23,887$18,428$14,049$10,601$7,929$6,348
25 years$22,688$17,294$13,012$9,681$7,135$5,647
26 years$21,582$16,254$12,068$8,852$6,427$5,028
27 years$20,560$15,296$11,206$8,102$5,795$4,480
28 years$19,613$14,414$10,418$7,423$5,229$3,995
29 years$18,733$13,598$9,695$6,807$4,721$3,565
30 years$17,913$12,842$9,030$6,248$4,266$3,183
31 years$17,147$12,140$8,419$5,738$3,857$2,843
32 years$16,431$11,487$7,855$5,273$3,489$2,540
33 years$15,760$10,878$7,334$4,849$3,157$2,271
34 years$15,129$10,310$6,852$4,462$2,859$2,031
35 years$14,536$9,779$6,407$4,107$2,589$1,816
36 years$13,976$9,281$5,993$3,783$2,346$1,625
37 years$13,449$8,815$5,609$3,485$2,126$1,455
38 years$12,950$8,378$5,253$3,212$1,928$1,302
39 years$12,478$7,966$4,922$2,962$1,748$1,166
40 years$12,031$7,579$4,613$2,732$1,585$1,044
41 years$11,607$7,215$4,325$2,521$1,438$935
42 years$11,204$6,871$4,057$2,326$1,305$838
43 years$10,820$6,547$3,807$2,147$1,185$750
44 years$10,456$6,240$3,574$1,983$1,075$672
45 years$10,108$5,951$3,356$1,831$976$603
46 years$9,777$5,677$3,152$1,691$886$540
47 years$9,460$5,417$2,961$1,563$805$484
48 years$9,158$5,172$2,783$1,444$731$434
49 years$8,869$4,939$2,615$1,335$664$389
50 years$8,592$4,718$2,459$1,233$603$349

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $8,800,000, adding $3,254 every year, while hoping to spend $37,613 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: 82/11/7 Blend
79$8,800,000$8,800,000$8,800,000$8,800,000
80$9,700,957$9,234,557$9,098,157$10,489,647
81$10,650,434$9,647,030$9,362,925$11,418,347
82$11,695,498$10,078,454$9,635,302$12,432,310
83$12,845,858$10,529,717$9,915,504$13,544,283
84$14,112,213$11,001,751$10,203,751$14,764,056
85$15,506,353$11,495,531$10,500,271$16,102,412
86$17,041,268$12,012,079$10,805,297$17,571,225
87$18,731,272$12,552,466$11,119,070$19,183,570
88$20,592,139$13,117,813$11,441,835$20,953,848
89$22,641,247$13,709,297$11,773,847$22,897,918
90$24,897,749$14,328,147$12,115,365$25,033,247
91$27,382,748$14,975,654$12,466,658$27,379,074
92$30,119,497$15,653,170$12,828,000$29,956,587
93$33,133,622$16,362,112$13,199,674$32,789,126
94$36,453,358$17,103,962$13,581,970$35,902,399
95$40,109,821$17,880,276$13,975,187$39,324,724
96$44,137,297$18,692,684$14,379,630$43,087,293
97$48,573,568$19,542,893$14,795,614$47,224,469
98$53,460,268$20,432,691$15,223,464$51,774,102
99$58,843,276$21,363,953$15,663,510$56,777,892
100$64,773,148$22,338,644$16,116,095$62,281,774