Can I retire at age 80 with 9,900,000?

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 $9,900,000?

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$817,533$810,251$803,146$796,211$789,440$779,575
2 years$404,719$397,182$389,877$382,794$375,924$365,998
3 years$267,133$259,563$252,276$245,260$238,501$228,822
4 years$198,353$190,806$183,592$176,696$170,101$160,744
5 years$157,096$149,594$142,475$135,719$129,308$120,300
6 years$129,600$122,155$115,141$108,536$102,317$93,668
7 years$109,968$102,586$95,683$89,233$83,211$74,926
8 years$95,251$87,935$81,147$74,856$69,032$61,108
9 years$83,810$76,563$69,892$63,760$58,135$50,570
10 years$74,662$67,487$60,933$54,962$49,534$42,323
11 years$67,183$60,079$53,644$47,833$42,601$35,737
12 years$60,955$53,924$47,608$41,956$36,917$30,393
13 years$55,689$48,731$42,535$37,041$32,192$25,999
14 years$51,179$44,296$38,218$32,881$28,219$22,348
15 years$47,274$40,465$34,505$29,324$24,847$19,288
16 years$43,861$37,126$31,284$26,257$21,960$16,703
17 years$40,852$34,191$28,467$23,591$19,471$14,507
18 years$38,180$31,594$25,987$21,261$17,313$12,630
19 years$35,793$29,281$23,790$19,211$15,431$11,019
20 years$33,647$27,210$21,833$17,399$13,783$9,631
21 years$31,708$25,345$20,082$15,791$12,335$8,431
22 years$29,947$23,658$18,509$14,357$11,056$7,390
23 years$28,342$22,127$17,090$13,076$9,925$6,485
24 years$26,873$20,732$15,805$11,926$8,920$5,697
25 years$25,524$19,456$14,639$10,891$8,027$5,009
26 years$24,280$18,285$13,577$9,958$7,231$4,408
27 years$23,131$17,209$12,607$9,115$6,519$3,882
28 years$22,065$16,216$11,720$8,351$5,882$3,420
29 years$21,075$15,297$10,906$7,658$5,311$3,015
30 years$20,152$14,447$10,159$7,029$4,799$2,659
31 years$19,291$13,657$9,471$6,455$4,339$2,346
32 years$18,485$12,922$8,836$5,932$3,925$2,070
33 years$17,729$12,238$8,251$5,455$3,552$1,828
34 years$17,020$11,599$7,709$5,019$3,216$1,614
35 years$16,352$11,001$7,207$4,621$2,913$1,426
36 years$15,723$10,442$6,742$4,255$2,639$1,260
37 years$15,130$9,917$6,311$3,921$2,392$1,113
38 years$14,569$9,425$5,910$3,614$2,169$984
39 years$14,038$8,962$5,537$3,332$1,966$870
40 years$13,535$8,527$5,190$3,074$1,784$769
41 years$13,058$8,117$4,866$2,836$1,618$680
42 years$12,604$7,730$4,565$2,617$1,468$601
43 years$12,173$7,365$4,283$2,416$1,333$532
44 years$11,763$7,020$4,021$2,231$1,210$470
45 years$11,372$6,695$3,775$2,060$1,098$416
46 years$10,999$6,386$3,546$1,903$997$368
47 years$10,643$6,095$3,331$1,758$905$325
48 years$10,302$5,818$3,130$1,624$822$288
49 years$9,977$5,556$2,942$1,501$747$255
50 years$9,666$5,307$2,766$1,388$678$225

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,900,000, adding $2,466 every year, while hoping to spend $58,101 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: 62/33/5 Blend
79$9,900,000$9,900,000$9,900,000$9,900,000
80$10,912,344$10,387,644$10,234,194$11,580,286
81$11,963,584$10,834,819$10,515,220$12,473,075
82$13,120,103$11,301,959$10,803,714$13,440,031
83$14,392,578$11,789,980$11,099,863$14,493,842
84$15,792,775$12,299,842$11,403,862$15,642,888
85$17,333,654$12,832,550$11,715,907$16,896,384
86$19,029,498$13,389,157$12,036,201$18,264,463
87$20,896,044$13,970,763$12,364,952$19,758,269
88$22,950,632$14,578,522$12,702,370$21,390,060
89$25,212,370$15,213,643$13,048,671$23,173,320
90$27,702,308$15,877,388$13,404,079$25,122,883
91$30,443,646$16,571,082$13,768,818$27,255,067
92$33,461,945$17,296,113$14,143,121$29,587,831
93$36,785,372$18,053,930$14,527,223$32,140,933
94$40,444,962$18,846,056$14,921,368$34,936,119
95$44,474,917$19,674,081$15,325,803$37,997,318
96$48,912,921$20,539,674$15,740,779$41,350,870
97$53,800,501$21,444,579$16,166,557$45,025,764
98$59,183,415$22,390,627$16,603,400$49,053,913
99$65,112,088$23,379,732$17,051,578$53,470,445
100$71,642,082$24,413,900$17,511,367$58,314,031