Can I retire at age 80 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$801,017$793,882$786,921$780,126$773,492$767,973
2 years$396,543$389,158$382,000$375,061$368,329$362,765
3 years$261,736$254,319$247,180$240,305$233,683$228,245
4 years$194,346$186,951$179,883$173,126$166,665$161,395
5 years$153,922$146,572$139,597$132,978$126,696$121,609
6 years$126,982$119,687$112,815$106,343$100,250$95,354
7 years$107,746$100,513$93,750$87,431$81,530$76,826
8 years$93,326$86,158$79,507$73,343$67,637$63,125
9 years$82,117$75,016$68,480$62,472$56,960$52,640
10 years$73,154$66,123$59,702$53,852$48,533$44,401
11 years$65,826$58,866$52,561$46,867$41,740$37,794
12 years$59,723$52,835$46,646$41,109$36,171$32,408
13 years$54,564$47,747$41,675$36,293$31,542$27,957
14 years$50,145$43,401$37,446$32,217$27,649$24,239
15 years$46,319$39,647$33,808$28,732$24,345$21,104
16 years$42,975$36,376$30,652$25,726$21,516$18,439
17 years$40,027$33,501$27,892$23,115$19,078$16,161
18 years$37,409$30,956$25,462$20,831$16,963$14,200
19 years$35,070$28,690$23,309$18,823$15,119$12,506
20 years$32,967$26,660$21,392$17,047$13,505$11,035
21 years$31,067$24,833$19,677$15,472$12,085$9,754
22 years$29,342$23,180$18,135$14,067$10,833$8,634
23 years$27,770$21,680$16,744$12,811$9,724$7,653
24 years$26,330$20,313$15,486$11,685$8,740$6,790
25 years$25,008$19,063$14,343$10,671$7,865$6,031
26 years$23,790$17,916$13,302$9,757$7,084$5,362
27 years$22,663$16,861$12,352$8,931$6,387$4,770
28 years$21,619$15,888$11,483$8,183$5,763$4,247
29 years$20,649$14,988$10,686$7,504$5,204$3,784
30 years$19,745$14,155$9,954$6,887$4,702$3,372
31 years$18,901$13,381$9,280$6,325$4,251$3,007
32 years$18,111$12,661$8,658$5,813$3,846$2,683
33 years$17,371$11,990$8,084$5,345$3,480$2,394
34 years$16,676$11,364$7,553$4,918$3,151$2,138
35 years$16,022$10,779$7,062$4,527$2,854$1,909
36 years$15,406$10,231$6,606$4,170$2,586$1,705
37 years$14,824$9,717$6,183$3,842$2,344$1,524
38 years$14,275$9,234$5,790$3,541$2,125$1,362
39 years$13,754$8,781$5,425$3,265$1,927$1,217
40 years$13,261$8,354$5,085$3,011$1,748$1,088
41 years$12,794$7,953$4,768$2,778$1,586$973
42 years$12,350$7,574$4,472$2,564$1,439$870
43 years$11,927$7,216$4,197$2,367$1,306$778
44 years$11,525$6,879$3,939$2,186$1,185$696
45 years$11,142$6,559$3,699$2,018$1,076$622
46 years$10,776$6,257$3,474$1,864$977$557
47 years$10,428$5,971$3,264$1,723$887$498
48 years$10,094$5,701$3,067$1,592$806$446
49 years$9,776$5,444$2,883$1,471$732$399
50 years$9,471$5,200$2,710$1,360$665$357

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,700,000, adding $6,164 every year, while hoping to spend $49,355 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: 59/34/7 Blend
79$9,700,000$9,700,000$9,700,000$9,700,000
80$10,695,758$10,181,658$10,031,308$11,310,770
81$11,734,212$10,628,046$10,314,844$12,170,335
82$12,876,934$11,094,653$10,606,223$13,100,941
83$14,134,508$11,582,417$10,905,658$14,114,353
84$15,518,594$12,092,322$11,213,364$15,218,521
85$17,042,041$12,625,396$11,529,562$16,422,182
86$18,719,007$13,182,719$11,854,481$17,734,941
87$20,565,093$13,765,418$12,188,352$19,167,361
88$22,597,486$14,374,678$12,531,416$20,731,058
89$24,835,128$15,011,736$12,883,917$22,438,806
90$27,298,890$15,677,889$13,246,107$24,304,655
91$30,011,769$16,374,498$13,618,244$26,344,062
92$32,999,105$17,102,985$14,000,591$28,574,030
93$36,288,824$17,864,840$14,393,420$31,013,266
94$39,911,693$18,661,627$14,797,009$33,682,354
95$43,901,620$19,494,981$15,211,643$36,603,941
96$48,295,966$20,366,615$15,637,614$39,802,953
97$53,135,900$21,278,326$16,075,220$43,306,819
98$58,466,792$22,231,993$16,524,769$47,145,731
99$64,338,631$23,229,588$16,986,576$51,352,917
100$70,806,508$24,273,173$17,460,962$55,964,954