Can I retire at age 80 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$792,759$785,698$778,808$772,084$765,517$749,143
2 years$392,455$385,146$378,062$371,194$364,532$348,115
3 years$259,038$251,697$244,631$237,828$231,274$215,326
4 years$192,342$185,024$178,029$171,341$164,947$149,591
5 years$152,335$145,061$138,158$131,607$125,390$110,670
6 years$125,673$118,453$111,652$105,247$99,217$85,149
7 years$106,636$99,477$92,783$86,529$80,690$67,276
8 years$92,364$85,270$78,688$72,587$66,940$54,176
9 years$81,270$74,243$67,774$61,828$56,373$44,250
10 years$72,400$65,441$59,087$53,297$48,033$36,538
11 years$65,147$58,259$52,019$46,384$41,310$30,429
12 years$59,108$52,290$46,165$40,685$35,798$25,514
13 years$54,001$47,255$41,246$35,919$31,217$21,512
14 years$49,628$42,953$37,060$31,885$27,364$18,219
15 years$45,842$39,239$33,460$28,435$24,094$15,488
16 years$42,532$36,001$30,336$25,461$21,294$13,208
17 years$39,614$33,155$27,605$22,876$18,881$11,292
18 years$37,024$30,637$25,200$20,616$16,788$9,676
19 years$34,708$28,394$23,069$18,629$14,963$8,306
20 years$32,627$26,385$21,172$16,872$13,366$7,141
21 years$30,747$24,577$19,474$15,312$11,961$6,148
22 years$29,040$22,941$17,948$13,922$10,721$5,299
23 years$27,483$21,457$16,572$12,679$9,624$4,572
24 years$26,059$20,104$15,326$11,564$8,650$3,948
25 years$24,750$18,866$14,195$10,561$7,784$3,411
26 years$23,544$17,731$13,165$9,657$7,011$2,950
27 years$22,430$16,687$12,225$8,839$6,321$2,552
28 years$21,396$15,724$11,365$8,098$5,704$2,208
29 years$20,436$14,834$10,576$7,426$5,150$1,912
30 years$19,541$14,009$9,851$6,816$4,654$1,656
31 years$18,706$13,243$9,184$6,260$4,207$1,435
32 years$17,925$12,531$8,569$5,753$3,806$1,243
33 years$17,192$11,867$8,001$5,290$3,444$1,078
34 years$16,504$11,247$7,475$4,867$3,118$934
35 years$15,857$10,668$6,989$4,481$2,825$810
36 years$15,247$10,125$6,538$4,127$2,559$703
37 years$14,671$9,617$6,119$3,802$2,319$610
38 years$14,127$9,139$5,731$3,504$2,103$529
39 years$13,613$8,690$5,369$3,231$1,907$459
40 years$13,125$8,268$5,032$2,980$1,730$398
41 years$12,662$7,871$4,719$2,750$1,569$345
42 years$12,222$7,496$4,426$2,538$1,424$300
43 years$11,804$7,142$4,153$2,343$1,292$260
44 years$11,406$6,808$3,899$2,163$1,173$226
45 years$11,027$6,492$3,661$1,998$1,065$196
46 years$10,665$6,193$3,438$1,845$967$170
47 years$10,320$5,910$3,230$1,705$878$147
48 years$9,990$5,642$3,036$1,575$797$128
49 years$9,675$5,388$2,853$1,456$724$111
50 years$9,373$5,146$2,682$1,346$658$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,600,000, adding $3,959 every year, while hoping to spend $49,213 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: 76/6/18 Blend
79$9,600,000$9,600,000$9,600,000$9,600,000
80$10,583,284$10,074,484$9,925,684$11,343,922
81$11,610,416$10,515,771$10,205,832$12,288,938
82$12,740,667$10,977,032$10,493,716$13,318,275
83$13,984,502$11,459,194$10,789,542$14,445,539
84$15,353,453$11,963,226$11,093,524$15,680,488
85$16,860,227$12,490,146$11,405,878$17,033,870
86$18,518,825$13,041,018$11,726,830$18,517,519
87$20,344,674$13,616,956$12,056,607$20,144,468
88$22,354,772$14,219,129$12,395,445$21,929,072
89$24,567,851$14,848,758$12,743,585$23,887,141
90$27,004,551$15,507,126$13,101,273$26,036,087
91$29,687,613$16,195,573$13,468,764$28,395,088
92$32,642,098$16,915,505$13,846,316$30,985,272
93$35,895,621$17,668,393$14,234,197$33,829,907
94$39,478,610$18,455,780$14,632,678$36,954,627
95$43,424,595$19,279,281$15,042,040$40,387,667
96$47,770,525$20,140,587$15,462,569$44,160,132
97$52,557,113$21,041,470$15,894,560$48,306,287
98$57,829,224$21,983,787$16,338,313$52,863,880
99$63,636,295$22,969,484$16,794,137$57,874,497
100$70,032,806$24,000,597$17,262,349$63,383,952