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

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 $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%13%
1 years$784,501$777,513$770,696$764,041$757,543$748,077
2 years$388,367$381,134$374,124$367,327$360,735$351,210
3 years$256,339$249,075$242,083$235,350$228,865$219,577
4 years$190,339$183,097$176,174$169,557$163,228$154,249
5 years$150,748$143,550$136,719$130,236$124,084$115,439
6 years$124,364$117,219$110,489$104,151$98,183$89,884
7 years$105,525$98,441$91,817$85,628$79,849$71,898
8 years$91,402$84,382$77,868$71,831$66,243$58,639
9 years$80,423$73,470$67,068$61,184$55,786$48,527
10 years$71,646$64,760$58,471$52,741$47,532$40,613
11 years$64,469$57,652$51,477$45,901$40,879$34,293
12 years$58,492$51,745$45,685$40,261$35,425$29,165
13 years$53,439$46,763$40,816$35,545$30,891$24,949
14 years$49,111$42,506$36,673$31,552$27,079$21,445
15 years$45,364$38,830$33,111$28,139$23,843$18,509
16 years$42,089$35,626$30,020$25,196$21,072$16,028
17 years$39,201$32,810$27,317$22,638$18,684$13,921
18 years$36,638$30,318$24,937$20,401$16,613$12,119
19 years$34,347$28,098$22,829$18,434$14,808$10,574
20 years$32,287$26,110$20,951$16,696$13,226$9,242
21 years$30,427$24,321$19,271$15,153$11,836$8,090
22 years$28,737$22,702$17,761$13,777$10,609$7,091
23 years$27,197$21,233$16,399$12,547$9,524$6,223
24 years$25,787$19,894$15,167$11,444$8,560$5,467
25 years$24,492$18,670$14,047$10,451$7,703$4,807
26 years$23,299$17,546$13,028$9,556$6,938$4,230
27 years$22,196$16,513$12,098$8,747$6,256$3,725
28 years$21,173$15,560$11,246$8,014$5,644$3,282
29 years$20,223$14,679$10,466$7,349$5,097$2,893
30 years$19,338$13,863$9,748$6,745$4,605$2,551
31 years$18,511$13,105$9,088$6,194$4,164$2,251
32 years$17,738$12,400$8,479$5,693$3,766$1,987
33 years$17,013$11,743$7,917$5,235$3,408$1,754
34 years$16,332$11,130$7,397$4,817$3,086$1,549
35 years$15,692$10,557$6,916$4,434$2,795$1,368
36 years$15,088$10,020$6,470$4,084$2,533$1,209
37 years$14,519$9,516$6,056$3,762$2,295$1,068
38 years$13,980$9,044$5,671$3,468$2,081$944
39 years$13,471$8,600$5,313$3,198$1,887$835
40 years$12,988$8,182$4,980$2,949$1,712$738
41 years$12,530$7,789$4,670$2,721$1,553$652
42 years$12,095$7,418$4,380$2,511$1,409$577
43 years$11,681$7,068$4,110$2,318$1,279$510
44 years$11,287$6,737$3,858$2,140$1,161$451
45 years$10,912$6,424$3,623$1,977$1,054$399
46 years$10,554$6,128$3,403$1,826$957$353
47 years$10,213$5,848$3,197$1,687$869$312
48 years$9,886$5,583$3,004$1,559$789$276
49 years$9,574$5,332$2,823$1,441$717$244
50 years$9,275$5,093$2,654$1,332$651$216

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 $4,783 every year, while hoping to spend $54,342 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: 58/20/22 Blend
79$9,500,000$9,500,000$9,500,000$9,500,000
80$10,473,934$9,970,434$9,823,184$11,019,437
81$11,484,455$10,401,165$10,094,441$11,822,155
82$12,596,229$10,851,182$10,372,964$12,690,637
83$13,819,525$11,321,370$10,658,939$13,636,330
84$15,165,659$11,812,660$10,952,556$14,666,705
85$16,647,100$12,326,024$11,254,010$15,789,981
86$18,277,586$12,862,481$11,563,501$17,015,198
87$20,072,255$13,423,098$11,881,234$18,352,301
88$22,047,787$14,008,991$12,207,416$19,812,233
89$24,222,559$14,621,330$12,542,263$21,407,036
90$26,616,824$15,261,339$12,885,993$23,149,961
91$29,252,897$15,930,301$13,238,830$25,055,590
92$32,155,365$16,629,559$13,601,004$27,139,973
93$35,351,323$17,360,518$13,972,749$29,420,776
94$38,870,627$18,124,652$14,354,304$31,917,445
95$42,746,174$18,923,503$14,745,916$34,651,387
96$47,014,214$19,758,686$15,147,836$37,646,169
97$51,714,695$20,631,892$15,560,319$40,927,734
98$56,891,634$21,544,894$15,983,629$44,524,651
99$62,593,534$22,499,548$16,418,035$48,468,370
100$68,873,845$23,497,797$16,863,809$52,793,525