Can I retire at age 80 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$850,564$842,988$835,596$828,381$821,336$800,831
2 years$421,071$413,229$405,629$398,260$391,113$370,583
3 years$277,926$270,050$262,469$255,169$248,138$228,227
4 years$206,367$198,515$191,010$183,835$176,974$157,835
5 years$163,443$155,638$148,232$141,203$134,533$116,218
6 years$134,836$127,090$119,793$112,921$106,451$88,980
7 years$114,411$106,730$99,549$92,839$86,573$69,947
8 years$99,099$91,488$84,425$77,880$71,821$56,032
9 years$87,196$79,656$72,715$66,337$60,484$45,518
10 years$77,679$70,213$63,395$57,183$51,535$37,376
11 years$69,898$62,507$55,812$49,766$44,322$30,949
12 years$63,418$56,103$49,532$43,652$38,408$25,798
13 years$57,939$50,700$44,253$38,538$33,493$21,621
14 years$53,247$46,085$39,762$34,210$29,360$18,200
15 years$49,184$42,100$35,900$30,509$25,851$15,375
16 years$45,633$38,626$32,548$27,317$22,847$13,027
17 years$42,503$35,573$29,618$24,544$20,258$11,066
18 years$39,723$32,871$27,037$22,120$18,012$9,419
19 years$37,239$30,464$24,751$19,987$16,055$8,032
20 years$35,006$28,309$22,715$18,102$14,340$6,859
21 years$32,989$26,369$20,894$16,429$12,833$5,864
22 years$31,157$24,614$19,257$14,937$11,503$5,019
23 years$29,487$23,021$17,780$13,604$10,326$4,300
24 years$27,959$21,569$16,444$12,407$9,281$3,687
25 years$26,555$20,242$15,230$11,331$8,351$3,163
26 years$25,261$19,024$14,125$10,361$7,523$2,715
27 years$24,065$17,904$13,116$9,483$6,782$2,332
28 years$22,956$16,871$12,193$8,689$6,120$2,003
29 years$21,926$15,916$11,347$7,968$5,526$1,722
30 years$20,966$15,031$10,569$7,312$4,993$1,480
31 years$20,070$14,209$9,854$6,716$4,514$1,273
32 years$19,232$13,444$9,194$6,172$4,083$1,095
33 years$18,446$12,732$8,584$5,676$3,696$942
34 years$17,708$12,067$8,020$5,222$3,346$811
35 years$17,013$11,446$7,499$4,807$3,030$698
36 years$16,359$10,863$7,015$4,427$2,746$600
37 years$15,741$10,318$6,566$4,079$2,489$517
38 years$15,158$9,806$6,148$3,760$2,256$445
39 years$14,605$9,324$5,760$3,467$2,046$383
40 years$14,082$8,871$5,399$3,198$1,856$330
41 years$13,585$8,445$5,063$2,950$1,684$284
42 years$13,113$8,042$4,749$2,723$1,528$244
43 years$12,665$7,663$4,456$2,513$1,386$211
44 years$12,238$7,304$4,183$2,321$1,258$181
45 years$11,831$6,965$3,928$2,143$1,142$156
46 years$11,443$6,644$3,689$1,980$1,037$134
47 years$11,073$6,341$3,466$1,829$942$116
48 years$10,719$6,053$3,257$1,690$855$100
49 years$10,380$5,780$3,061$1,562$777$86
50 years$10,056$5,522$2,878$1,444$706$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,300,000, adding $4,688 every year, while hoping to spend $37,566 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: 51/36/13 Blend
79$10,300,000$10,300,000$10,300,000$10,300,000
80$11,355,436$10,809,536$10,649,886$11,894,602
81$12,473,720$11,299,233$10,966,687$12,753,910
82$13,704,811$11,811,666$11,292,842$13,683,237
83$15,060,174$12,347,910$11,628,624$14,692,695
84$16,552,444$12,909,091$11,974,316$15,789,850
85$18,195,544$13,496,387$12,330,206$16,983,009
86$20,004,815$14,111,035$12,696,594$18,281,303
87$21,997,162$14,754,331$13,073,785$19,694,762
88$24,191,211$15,427,632$13,462,096$21,234,411
89$26,607,489$16,132,361$13,861,850$22,912,366
90$29,268,613$16,870,007$14,273,383$24,741,947
91$32,199,508$17,642,134$14,697,038$26,737,798
92$35,427,637$18,450,378$15,133,168$28,916,019
93$38,983,265$19,296,455$15,582,137$31,294,318
94$42,899,740$20,182,163$16,044,321$33,892,166
95$47,213,811$21,109,386$16,520,103$36,730,980
96$51,965,973$22,080,100$17,009,880$39,834,319
97$57,200,852$23,096,374$17,514,060$43,228,098
98$62,967,620$24,160,378$18,033,062$46,940,831
99$69,320,465$25,274,384$18,567,318$51,003,888
100$76,319,100$26,440,776$19,117,271$55,451,789