Can I retire at age 80 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$784,501$777,513$770,696$764,041$757,543$735,949
2 years$388,367$381,134$374,124$367,327$360,735$339,147
3 years$256,339$249,075$242,083$235,350$228,865$207,960
4 years$190,339$183,097$176,174$169,557$163,228$143,166
5 years$150,748$143,550$136,719$130,236$124,084$104,920
6 years$124,364$117,219$110,489$104,151$98,183$79,935
7 years$105,525$98,441$91,817$85,628$79,849$62,517
8 years$91,402$84,382$77,868$71,831$66,243$49,816
9 years$80,423$73,470$67,068$61,184$55,786$40,249
10 years$71,646$64,760$58,471$52,741$47,532$32,865
11 years$64,469$57,652$51,477$45,901$40,879$27,057
12 years$58,492$51,745$45,685$40,261$35,425$22,421
13 years$53,439$46,763$40,816$35,545$30,891$18,677
14 years$49,111$42,506$36,673$31,552$27,079$15,624
15 years$45,364$38,830$33,111$28,139$23,843$13,116
16 years$42,089$35,626$30,020$25,196$21,072$11,042
17 years$39,201$32,810$27,317$22,638$18,684$9,318
18 years$36,638$30,318$24,937$20,401$16,613$7,879
19 years$34,347$28,098$22,829$18,434$14,808$6,673
20 years$32,287$26,110$20,951$16,696$13,226$5,660
21 years$30,427$24,321$19,271$15,153$11,836$4,806
22 years$28,737$22,702$17,761$13,777$10,609$4,085
23 years$27,197$21,233$16,399$12,547$9,524$3,475
24 years$25,787$19,894$15,167$11,444$8,560$2,958
25 years$24,492$18,670$14,047$10,451$7,703$2,519
26 years$23,299$17,546$13,028$9,556$6,938$2,147
27 years$22,196$16,513$12,098$8,747$6,256$1,831
28 years$21,173$15,560$11,246$8,014$5,644$1,561
29 years$20,223$14,679$10,466$7,349$5,097$1,332
30 years$19,338$13,863$9,748$6,745$4,605$1,137
31 years$18,511$13,105$9,088$6,194$4,164$970
32 years$17,738$12,400$8,479$5,693$3,766$828
33 years$17,013$11,743$7,917$5,235$3,408$707
34 years$16,332$11,130$7,397$4,817$3,086$604
35 years$15,692$10,557$6,916$4,434$2,795$516
36 years$15,088$10,020$6,470$4,084$2,533$441
37 years$14,519$9,516$6,056$3,762$2,295$376
38 years$13,980$9,044$5,671$3,468$2,081$322
39 years$13,471$8,600$5,313$3,198$1,887$275
40 years$12,988$8,182$4,980$2,949$1,712$235
41 years$12,530$7,789$4,670$2,721$1,553$201
42 years$12,095$7,418$4,380$2,511$1,409$171
43 years$11,681$7,068$4,110$2,318$1,279$146
44 years$11,287$6,737$3,858$2,140$1,161$125
45 years$10,912$6,424$3,623$1,977$1,054$107
46 years$10,554$6,128$3,403$1,826$957$91
47 years$10,213$5,848$3,197$1,687$869$78
48 years$9,886$5,583$3,004$1,559$789$67
49 years$9,574$5,332$2,823$1,441$717$57
50 years$9,275$5,093$2,654$1,332$651$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,500,000, adding $5,042 every year, while hoping to spend $28,108 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: 46/45/9 Blend
79$9,500,000$9,500,000$9,500,000$9,500,000
80$10,474,201$9,970,701$9,823,451$10,929,605
81$11,512,663$10,429,358$10,122,630$11,702,887
82$12,656,105$10,909,548$10,430,889$12,537,935
83$13,915,208$11,412,296$10,748,503$13,443,134
84$15,301,736$11,938,675$11,075,755$14,424,982
85$16,828,656$12,489,814$11,412,936$15,490,610
86$18,510,256$13,066,891$11,760,347$16,647,848
87$20,362,279$13,671,146$12,118,295$17,905,287
88$22,402,073$14,303,874$12,487,100$19,272,365
89$24,648,756$14,966,435$12,867,089$20,759,444
90$27,123,393$15,660,254$13,258,601$22,377,908
91$29,849,198$16,386,826$13,661,982$24,140,262
92$32,851,751$17,147,714$14,077,593$26,060,243
93$36,159,238$17,944,561$14,505,801$28,152,952
94$39,802,723$18,779,087$14,946,988$30,434,980
95$43,816,433$19,653,095$15,401,544$32,924,567
96$48,238,087$20,568,474$15,869,874$35,641,764
97$53,109,250$21,527,207$16,352,393$38,608,613
98$58,475,724$22,531,371$16,849,529$41,849,354
99$64,387,983$23,583,143$17,361,723$45,390,642
100$70,901,645$24,684,805$17,889,428$49,261,790