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

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$726,696$720,223$713,907$707,743$701,724$692,669
2 years$359,750$353,050$346,557$340,261$334,154$325,044
3 years$237,451$230,722$224,245$218,009$212,001$203,119
4 years$176,314$169,605$163,193$157,063$151,201$142,616
5 years$139,641$132,973$126,645$120,639$114,941$106,677
6 years$115,200$108,582$102,348$96,476$90,949$83,016
7 years$97,749$91,187$85,051$79,318$73,966$66,368
8 years$84,667$78,164$72,130$66,538$61,362$54,098
9 years$74,498$68,056$62,126$56,676$51,675$44,742
10 years$66,367$59,988$54,163$48,855$44,030$37,423
11 years$59,718$53,404$47,684$42,519$37,867$31,580
12 years$54,182$47,932$42,318$37,295$32,815$26,840
13 years$49,501$43,317$37,809$32,925$28,615$22,945
14 years$45,493$39,374$33,971$29,228$25,084$19,710
15 years$42,022$35,969$30,671$26,066$22,086$16,999
16 years$38,987$33,001$27,808$23,339$19,520$14,711
17 years$36,313$30,392$25,304$20,970$17,307$12,767
18 years$33,938$28,084$23,100$18,898$15,389$11,108
19 years$31,816$26,028$21,147$17,076$13,717$9,684
20 years$29,908$24,186$19,407$15,466$12,252$8,458
21 years$28,185$22,529$17,851$14,036$10,964$7,398
22 years$26,620$21,030$16,452$12,762$9,828$6,480
23 years$25,193$19,669$15,191$11,623$8,822$5,682
24 years$23,887$18,428$14,049$10,601$7,929$4,988
25 years$22,688$17,294$13,012$9,681$7,135$4,382
26 years$21,582$16,254$12,068$8,852$6,427$3,853
27 years$20,560$15,296$11,206$8,102$5,795$3,390
28 years$19,613$14,414$10,418$7,423$5,229$2,985
29 years$18,733$13,598$9,695$6,807$4,721$2,629
30 years$17,913$12,842$9,030$6,248$4,266$2,317
31 years$17,147$12,140$8,419$5,738$3,857$2,042
32 years$16,431$11,487$7,855$5,273$3,489$1,801
33 years$15,760$10,878$7,334$4,849$3,157$1,589
34 years$15,129$10,310$6,852$4,462$2,859$1,402
35 years$14,536$9,779$6,407$4,107$2,589$1,237
36 years$13,976$9,281$5,993$3,783$2,346$1,092
37 years$13,449$8,815$5,609$3,485$2,126$964
38 years$12,950$8,378$5,253$3,212$1,928$852
39 years$12,478$7,966$4,922$2,962$1,748$752
40 years$12,031$7,579$4,613$2,732$1,585$664
41 years$11,607$7,215$4,325$2,521$1,438$587
42 years$11,204$6,871$4,057$2,326$1,305$519
43 years$10,820$6,547$3,807$2,147$1,185$458
44 years$10,456$6,240$3,574$1,983$1,075$405
45 years$10,108$5,951$3,356$1,831$976$358
46 years$9,777$5,677$3,152$1,691$886$316
47 years$9,460$5,417$2,961$1,563$805$280
48 years$9,158$5,172$2,783$1,444$731$247
49 years$8,869$4,939$2,615$1,335$664$218
50 years$8,592$4,718$2,459$1,233$603$193

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 $4,181 every year, while hoping to spend $30,742 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: 43/29/28 Blend
79$8,800,000$8,800,000$8,800,000$8,800,000
80$9,701,913$9,235,513$9,099,113$10,039,694
81$10,658,799$9,655,344$9,371,224$10,702,081
82$11,712,256$10,094,716$9,651,420$11,416,087
83$12,872,104$10,554,555$9,939,940$12,189,144
84$14,149,160$11,035,829$10,237,030$13,026,744
85$15,555,345$11,539,555$10,542,941$13,934,918
86$17,103,794$12,066,797$10,857,933$14,920,289
87$18,808,982$12,618,671$11,182,275$15,990,135
88$20,686,858$13,196,346$11,516,241$17,152,446
89$22,754,998$13,801,047$11,860,115$18,416,007
90$25,032,766$14,434,057$12,214,188$19,790,470
91$27,541,506$15,096,723$12,578,760$21,286,442
92$30,304,731$15,790,455$12,954,141$22,915,587
93$33,348,357$16,516,730$13,340,647$24,690,724
94$36,700,937$17,277,098$13,738,607$26,625,952
95$40,393,939$18,073,182$14,148,356$28,736,772
96$44,462,036$18,906,683$14,570,242$31,040,232
97$48,943,439$19,779,385$15,004,620$33,555,085
98$53,880,252$20,693,157$15,451,857$36,301,958
99$59,318,874$21,649,959$15,912,331$39,303,542
100$65,310,436$22,651,843$16,386,430$42,584,802