Can I retire at age 80 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$759,727$752,960$746,358$739,913$733,621$722,062
2 years$376,103$369,098$362,310$355,728$349,343$337,728
3 years$248,244$241,210$234,438$227,918$221,638$210,327
4 years$184,328$177,315$170,611$164,202$158,074$147,155
5 years$145,988$139,017$132,401$126,123$120,165$109,670
6 years$120,436$113,518$107,000$100,862$95,083$85,023
7 years$102,192$95,332$88,917$82,924$77,328$67,707
8 years$88,516$81,717$75,409$69,563$64,151$54,967
9 years$77,884$71,149$64,950$59,252$54,024$45,273
10 years$69,383$62,715$56,625$51,076$46,031$37,706
11 years$62,433$55,831$49,851$44,451$39,588$31,680
12 years$56,645$50,111$44,242$38,990$34,307$26,805
13 years$51,751$45,286$39,527$34,422$29,916$22,810
14 years$47,560$41,164$35,515$30,556$26,224$19,503
15 years$43,932$37,604$32,066$27,251$23,090$16,740
16 years$40,759$34,501$29,072$24,400$20,407$14,417
17 years$37,963$31,774$26,455$21,923$18,094$12,450
18 years$35,481$29,360$24,150$19,757$16,088$10,777
19 years$33,262$27,211$22,108$17,852$14,340$9,347
20 years$31,268$25,286$20,289$16,169$12,809$8,122
21 years$29,466$23,553$18,662$14,674$11,462$7,067
22 years$27,830$21,986$17,200$13,342$10,274$6,157
23 years$26,338$20,563$15,881$12,151$9,223$5,370
24 years$24,973$19,266$14,688$11,082$8,290$4,688
25 years$23,719$18,080$13,604$10,121$7,460$4,096
26 years$22,563$16,992$12,617$9,254$6,719$3,582
27 years$21,495$15,992$11,716$8,471$6,058$3,134
28 years$20,505$15,069$10,891$7,761$5,466$2,743
29 years$19,585$14,216$10,135$7,117$4,936$2,403
30 years$18,727$13,425$9,441$6,532$4,460$2,105
31 years$17,927$12,691$8,801$5,999$4,032$1,845
32 years$17,178$12,009$8,212$5,513$3,647$1,618
33 years$16,476$11,372$7,667$5,070$3,301$1,419
34 years$15,817$10,778$7,164$4,664$2,989$1,245
35 years$15,196$10,223$6,698$4,294$2,707$1,092
36 years$14,612$9,703$6,266$3,955$2,453$958
37 years$14,060$9,216$5,864$3,644$2,223$841
38 years$13,539$8,758$5,492$3,358$2,015$738
39 years$13,045$8,328$5,145$3,097$1,827$648
40 years$12,578$7,924$4,823$2,856$1,658$569
41 years$12,134$7,543$4,522$2,635$1,504$500
42 years$11,713$7,183$4,242$2,432$1,365$439
43 years$11,312$6,844$3,980$2,245$1,238$385
44 years$10,931$6,524$3,736$2,073$1,124$339
45 years$10,568$6,221$3,508$1,914$1,020$297
46 years$10,221$5,935$3,295$1,768$927$261
47 years$9,890$5,664$3,096$1,634$841$229
48 years$9,574$5,407$2,909$1,510$764$202
49 years$9,272$5,163$2,734$1,395$694$177
50 years$8,982$4,932$2,571$1,290$630$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,200,000, adding $6,061 every year, while hoping to spend $20,315 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: 21/50/29 Blend
79$9,200,000$9,200,000$9,200,000$9,200,000
80$10,144,652$9,657,052$9,514,452$10,264,075
81$11,157,791$10,108,632$9,811,571$10,825,991
82$12,273,590$10,581,660$10,117,963$11,424,180
83$13,502,498$11,077,163$10,433,916$12,063,201
84$14,856,030$11,596,221$10,759,730$12,746,373
85$16,346,876$12,139,966$11,095,711$13,477,319
86$17,989,016$12,709,584$11,442,177$14,259,991
87$19,797,860$13,306,317$11,799,454$15,098,706
88$21,790,386$13,931,471$12,167,880$15,998,178
89$23,985,303$14,586,411$12,547,802$16,963,557
90$26,403,230$15,272,571$12,939,578$18,000,474
91$29,066,885$15,991,452$13,343,580$19,115,086
92$32,001,304$16,744,630$13,760,187$20,314,126
93$35,234,076$17,533,757$14,189,792$21,604,964
94$38,795,604$18,360,562$14,632,802$22,995,663
95$42,719,388$19,226,862$15,089,633$24,495,056
96$47,042,346$20,134,560$15,560,717$26,112,812
97$51,805,163$21,085,650$16,046,498$27,859,526
98$57,052,668$22,082,226$16,547,435$29,746,808
99$62,834,266$23,126,480$17,063,999$31,787,383
100$69,204,396$24,220,713$17,596,678$33,995,202