Can I retire at age 80 with 10,600,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $10,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$875,338$867,541$859,934$852,509$845,259$829,891
2 years$433,336$425,265$417,444$409,860$402,504$387,076
3 years$286,021$277,916$270,114$262,601$255,365$240,357
4 years$212,378$204,297$196,574$189,189$182,129$167,657
5 years$168,204$160,172$152,549$145,316$138,451$124,557
6 years$138,764$130,792$123,282$116,210$109,552$96,251
7 years$117,743$109,839$102,448$95,543$89,095$76,391
8 years$101,985$94,152$86,884$80,148$73,913$61,802
9 years$89,736$81,977$74,833$68,269$62,245$50,721
10 years$79,942$72,258$65,241$58,848$53,036$42,088
11 years$71,933$64,327$57,438$51,216$45,613$35,229
12 years$65,265$57,737$50,974$44,923$39,527$29,693
13 years$59,627$52,177$45,542$39,660$34,468$25,168
14 years$54,798$47,428$40,920$35,206$30,215$21,432
15 years$50,617$43,326$36,945$31,398$26,603$18,320
16 years$46,962$39,751$33,496$28,113$23,512$15,711
17 years$43,741$36,609$30,480$25,259$20,848$13,510
18 years$40,880$33,828$27,824$22,764$18,537$11,644
19 years$38,324$31,352$25,472$20,569$16,522$10,055
20 years$36,026$29,134$23,377$18,629$14,758$8,697
21 years$33,950$27,137$21,502$16,907$13,207$7,533
22 years$32,065$25,331$19,818$15,373$11,838$6,533
23 years$30,346$23,692$18,298$14,000$10,626$5,672
24 years$28,773$22,198$16,923$12,769$9,551$4,928
25 years$27,328$20,831$15,674$11,661$8,595$4,286
26 years$25,997$19,578$14,537$10,662$7,742$3,730
27 years$24,766$18,425$13,499$9,760$6,980$3,247
28 years$23,625$17,362$12,549$8,942$6,298$2,829
29 years$22,565$16,379$11,678$8,200$5,687$2,465
30 years$21,577$15,468$10,877$7,525$5,139$2,150
31 years$20,655$14,623$10,141$6,912$4,646$1,875
32 years$19,792$13,836$9,461$6,352$4,202$1,636
33 years$18,983$13,103$8,834$5,841$3,803$1,427
34 years$18,223$12,419$8,254$5,374$3,443$1,246
35 years$17,509$11,779$7,717$4,947$3,119$1,087
36 years$16,835$11,180$7,219$4,556$2,826$949
37 years$16,200$10,618$6,757$4,198$2,561$829
38 years$15,599$10,091$6,328$3,869$2,322$724
39 years$15,031$9,596$5,928$3,568$2,106$633
40 years$14,492$9,130$5,556$3,291$1,910$553
41 years$13,981$8,690$5,210$3,036$1,733$483
42 years$13,495$8,277$4,887$2,802$1,572$422
43 years$13,034$7,886$4,586$2,587$1,427$368
44 years$12,594$7,517$4,305$2,388$1,295$322
45 years$12,176$7,168$4,042$2,206$1,176$281
46 years$11,776$6,838$3,796$2,037$1,068$246
47 years$11,395$6,526$3,567$1,882$969$215
48 years$11,031$6,230$3,352$1,739$880$188
49 years$10,683$5,949$3,150$1,607$800$164
50 years$10,349$5,683$2,962$1,486$726$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,600,000, adding $4,568 every year, while hoping to spend $34,727 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: 65/12/23 Blend