Can I retire at age 80 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$809,275$802,066$795,033$788,169$781,466$759,802
2 years$400,631$393,170$385,938$378,927$372,127$350,462
3 years$264,434$256,941$249,728$242,782$236,092$215,106
4 years$196,349$188,879$181,738$174,911$168,383$148,236
5 years$155,509$148,083$141,036$134,348$128,002$108,749
6 years$128,291$120,921$113,978$107,440$101,284$82,943
7 years$108,857$101,549$94,716$88,332$82,371$64,943
8 years$94,288$87,047$80,327$74,099$68,335$51,811
9 years$82,963$75,790$69,186$63,116$57,548$41,911
10 years$73,908$66,805$60,318$54,407$49,033$34,265
11 years$66,505$59,472$53,103$47,350$42,170$28,246
12 years$60,339$53,379$47,127$41,533$36,544$23,437
13 years$55,126$48,239$42,105$36,667$31,867$19,550
14 years$50,662$43,848$37,832$32,549$27,934$16,377
15 years$46,797$40,056$34,157$29,028$24,596$13,767
16 years$43,418$36,751$30,968$25,991$21,738$11,607
17 years$40,439$33,846$28,180$23,353$19,274$9,809
18 years$37,795$31,275$25,725$21,046$17,138$8,307
19 years$35,431$28,986$23,550$19,017$15,275$7,046
20 years$33,307$26,935$21,613$17,223$13,644$5,985
21 years$31,388$25,089$19,879$15,631$12,210$5,090
22 years$29,645$23,419$18,322$14,212$10,944$4,333
23 years$28,056$21,904$16,917$12,943$9,824$3,692
24 years$26,602$20,522$15,645$11,805$8,830$3,147
25 years$25,266$19,259$14,491$10,781$7,946$2,685
26 years$24,035$18,101$13,440$9,858$7,157$2,292
27 years$22,897$17,035$12,480$9,023$6,453$1,957
28 years$21,842$16,052$11,602$8,267$5,823$1,672
29 years$20,862$15,143$10,796$7,581$5,258$1,429
30 years$19,949$14,301$10,056$6,958$4,751$1,221
31 years$19,096$13,519$9,375$6,390$4,295$1,044
32 years$18,298$12,792$8,747$5,872$3,885$893
33 years$17,550$12,114$8,167$5,400$3,516$764
34 years$16,848$11,481$7,631$4,969$3,183$653
35 years$16,187$10,890$7,135$4,574$2,883$559
36 years$15,565$10,336$6,674$4,213$2,612$478
37 years$14,977$9,817$6,247$3,881$2,368$409
38 years$14,422$9,330$5,850$3,577$2,147$350
39 years$13,896$8,872$5,481$3,299$1,947$300
40 years$13,398$8,441$5,137$3,042$1,766$257
41 years$12,926$8,035$4,817$2,807$1,602$220
42 years$12,477$7,652$4,519$2,591$1,454$188
43 years$12,050$7,291$4,240$2,391$1,319$161
44 years$11,644$6,950$3,980$2,208$1,197$138
45 years$11,257$6,627$3,737$2,039$1,087$118
46 years$10,888$6,322$3,510$1,884$987$101
47 years$10,535$6,033$3,298$1,740$896$86
48 years$10,198$5,759$3,099$1,608$814$74
49 years$9,876$5,500$2,913$1,486$739$63
50 years$9,568$5,254$2,738$1,374$671$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,800,000, adding $2,745 every year, while hoping to spend $30,877 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: 28/45/27 Blend
79$9,800,000$9,800,000$9,800,000$9,800,000
80$10,802,431$10,283,031$10,131,131$11,014,176
81$11,871,427$10,754,047$10,437,671$11,654,035
82$13,048,424$11,247,108$10,753,446$12,338,136
83$14,344,408$11,763,261$11,078,731$13,072,508
84$15,771,482$12,303,604$11,413,812$13,861,483
85$17,342,981$12,869,289$11,758,983$14,709,802
86$19,073,601$13,461,520$12,114,545$15,622,653
87$20,979,536$14,081,563$12,480,810$16,605,716
88$23,078,631$14,730,741$12,858,099$17,665,212
89$25,390,547$15,410,442$13,246,741$18,807,955
90$27,936,952$16,122,123$13,647,076$20,041,413
91$30,741,722$16,867,309$14,059,454$21,373,772
92$33,831,168$17,647,597$14,484,236$22,814,003
93$37,234,281$18,464,664$14,921,792$24,371,949
94$40,983,011$19,320,265$15,372,505$26,058,403
95$45,112,562$20,216,243$15,836,768$27,885,206
96$49,661,730$21,154,525$16,314,987$29,865,353
97$54,673,266$22,137,136$16,807,578$32,013,107
98$60,194,278$23,166,194$17,314,971$34,344,125
99$66,276,680$24,243,924$17,837,608$36,875,597
100$72,977,678$25,372,653$18,375,945$39,626,402