Can I retire at age 80 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$776,243$769,329$762,583$755,999$749,569$722,686
2 years$384,279$377,122$370,186$363,461$356,938$330,145
3 years$253,641$246,453$239,535$232,873$226,456$200,595
4 years$188,335$181,169$174,320$167,772$161,510$136,778
5 years$149,162$142,039$135,279$128,865$122,778$99,240
6 years$123,055$115,985$109,326$103,054$97,150$74,823
7 years$104,414$97,404$90,850$84,727$79,009$57,889
8 years$90,440$83,494$77,048$71,075$65,545$45,614
9 years$79,577$72,696$66,362$60,540$55,199$36,429
10 years$70,892$64,078$57,856$52,186$47,032$29,393
11 years$63,790$57,045$50,935$45,418$40,449$23,903
12 years$57,876$51,201$45,204$39,837$35,052$19,559
13 years$52,876$46,270$40,386$35,170$30,566$16,084
14 years$48,594$42,058$36,287$31,220$26,794$13,279
15 years$44,887$38,421$32,763$27,843$23,592$10,998
16 years$41,646$35,251$29,704$24,930$20,850$9,133
17 years$38,789$32,465$27,030$22,400$18,487$7,600
18 years$36,252$29,999$24,675$20,187$16,438$6,336
19 years$33,985$27,802$22,588$18,240$14,652$5,290
20 years$31,948$25,835$20,730$16,520$13,087$4,422
21 years$30,106$24,065$19,068$14,993$11,712$3,700
22 years$28,435$22,463$17,574$13,632$10,498$3,099
23 years$26,911$21,010$16,227$12,415$9,423$2,597
24 years$25,516$19,685$15,007$11,323$8,470$2,177
25 years$24,235$18,473$13,899$10,341$7,622$1,827
26 years$23,054$17,362$12,891$9,455$6,865$1,533
27 years$21,962$16,339$11,970$8,655$6,190$1,287
28 years$20,951$15,397$11,128$7,930$5,585$1,081
29 years$20,010$14,525$10,356$7,272$5,043$908
30 years$19,134$13,717$9,646$6,674$4,557$763
31 years$18,317$12,967$8,993$6,129$4,120$641
32 years$17,551$12,270$8,390$5,633$3,727$539
33 years$16,834$11,620$7,834$5,180$3,373$453
34 years$16,160$11,013$7,320$4,766$3,054$381
35 years$15,527$10,445$6,843$4,387$2,766$320
36 years$14,929$9,914$6,402$4,041$2,506$269
37 years$14,366$9,416$5,992$3,723$2,271$226
38 years$13,833$8,949$5,611$3,431$2,059$190
39 years$13,329$8,509$5,257$3,164$1,867$160
40 years$12,851$8,096$4,927$2,918$1,694$134
41 years$12,398$7,707$4,620$2,692$1,536$113
42 years$11,968$7,340$4,334$2,485$1,394$95
43 years$11,558$6,993$4,067$2,294$1,265$80
44 years$11,169$6,666$3,818$2,118$1,149$67
45 years$10,797$6,357$3,585$1,956$1,043$57
46 years$10,443$6,064$3,367$1,807$947$48
47 years$10,105$5,787$3,163$1,669$860$40
48 years$9,782$5,524$2,972$1,542$781$34
49 years$9,473$5,275$2,794$1,425$709$28
50 years$9,178$5,039$2,627$1,318$644$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,400,000, adding $3,707 every year, while hoping to spend $52,159 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: 53/17/30 Blend
79$9,400,000$9,400,000$9,400,000$9,400,000
80$10,362,624$9,864,424$9,718,724$10,824,530
81$11,364,115$10,292,284$9,988,804$11,573,797
82$12,466,009$10,739,361$10,266,184$12,383,225
83$13,678,494$11,206,541$10,551,053$13,263,155
84$15,012,792$11,694,754$10,843,605$14,220,369
85$16,481,271$12,204,970$11,144,039$15,262,324
86$18,097,554$12,738,208$11,452,559$16,397,223
87$19,876,658$13,295,533$11,769,373$17,634,089
88$21,835,124$13,878,061$12,094,694$18,982,852
89$23,991,182$14,486,961$12,428,741$20,454,433
90$26,364,917$15,123,457$12,771,738$22,060,851
91$28,978,462$15,788,830$13,123,915$23,815,335
92$31,856,205$16,484,422$13,485,506$25,732,438
93$35,025,019$17,211,640$13,856,752$27,828,183
94$38,514,516$17,971,955$14,237,898$30,120,203
95$42,357,325$18,766,909$14,629,196$32,627,910
96$46,589,401$19,598,117$15,030,903$35,372,671
97$51,250,366$20,467,271$15,443,285$38,378,011
98$56,383,878$21,376,142$15,866,610$41,669,829
99$62,038,047$22,326,586$16,301,154$45,276,640
100$68,265,886$23,320,546$16,747,200$49,229,843