Can I retire at age 80 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$883,596$875,725$868,047$860,552$853,233$836,348
2 years$437,424$429,277$421,382$413,727$406,301$389,361
3 years$288,719$280,537$272,662$265,079$257,774$241,307
4 years$214,381$206,225$198,428$190,974$183,847$167,980
5 years$169,790$161,683$153,988$146,687$139,757$124,536
6 years$140,073$132,026$124,445$117,306$110,585$96,025
7 years$118,854$110,875$103,415$96,444$89,935$76,041
8 years$102,948$95,041$87,704$80,905$74,610$61,377
9 years$90,582$82,750$75,539$68,913$62,833$50,252
10 years$80,696$72,940$65,857$59,403$53,536$41,596
11 years$72,612$64,934$57,979$51,699$46,043$34,729
12 years$65,881$58,281$51,455$45,347$39,900$29,196
13 years$60,189$52,669$45,972$40,034$34,794$24,681
14 years$55,315$47,875$41,306$35,538$30,500$20,961
15 years$51,094$43,735$37,294$31,694$26,854$17,868
16 years$47,405$40,126$33,812$28,378$23,734$15,280
17 years$44,153$36,954$30,768$25,498$21,044$13,102
18 years$41,266$34,147$28,087$22,979$18,712$11,259
19 years$38,685$31,648$25,712$20,763$16,678$9,694
20 years$36,366$29,408$23,597$18,805$14,897$8,360
21 years$34,270$27,393$21,705$17,067$13,331$7,219
22 years$32,367$25,570$20,005$15,518$11,950$6,242
23 years$30,633$23,915$18,471$14,132$10,727$5,402
24 years$29,045$22,407$17,082$12,889$9,641$4,679
25 years$27,586$21,028$15,822$11,771$8,676$4,056
26 years$26,242$19,763$14,674$10,763$7,815$3,518
27 years$25,000$18,599$13,626$9,852$7,046$3,054
28 years$23,848$17,526$12,667$9,026$6,357$2,651
29 years$22,778$16,534$11,788$8,277$5,741$2,303
30 years$21,781$15,614$10,980$7,596$5,187$2,002
31 years$20,850$14,761$10,236$6,977$4,690$1,740
32 years$19,979$13,967$9,551$6,412$4,242$1,513
33 years$19,162$13,227$8,917$5,896$3,839$1,316
34 years$18,395$12,536$8,332$5,425$3,476$1,145
35 years$17,674$11,890$7,790$4,994$3,148$996
36 years$16,994$11,285$7,287$4,599$2,852$867
37 years$16,353$10,718$6,821$4,238$2,585$754
38 years$15,746$10,186$6,387$3,906$2,344$656
39 years$15,172$9,686$5,984$3,602$2,125$571
40 years$14,629$9,216$5,609$3,322$1,928$497
41 years$14,113$8,772$5,259$3,065$1,749$433
42 years$13,623$8,355$4,933$2,828$1,587$377
43 years$13,157$7,960$4,629$2,611$1,440$328
44 years$12,713$7,588$4,345$2,411$1,307$286
45 years$12,290$7,236$4,080$2,226$1,187$249
46 years$11,887$6,903$3,832$2,057$1,078$217
47 years$11,503$6,587$3,600$1,900$979$189
48 years$11,135$6,288$3,383$1,756$889$164
49 years$10,783$6,005$3,180$1,623$807$143
50 years$10,447$5,736$2,990$1,500$733$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,700,000, adding $3,277 every year, while hoping to spend $54,990 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: 53/40/7 Blend
79$10,700,000$10,700,000$10,700,000$10,700,000
80$11,794,780$11,227,680$11,061,830$12,400,005
81$12,939,339$11,719,328$11,373,893$13,302,071
82$14,198,799$12,233,223$11,694,566$14,276,642
83$15,584,824$12,770,398$12,024,081$15,335,545
84$17,110,262$13,331,933$12,362,674$16,486,757
85$18,789,272$13,918,961$12,710,586$17,739,040
86$20,637,454$14,532,667$13,068,068$19,102,021
87$22,671,999$15,174,292$13,435,373$20,586,279
88$24,911,848$15,845,137$13,812,762$22,203,443
89$27,377,871$16,546,563$14,200,505$23,966,292
90$30,093,067$17,279,998$14,598,874$25,888,878
91$33,082,776$18,046,934$15,008,153$27,986,648
92$36,374,922$18,848,937$15,428,629$30,276,590
93$40,000,275$19,687,645$15,860,599$32,777,383
94$43,992,739$20,564,777$16,304,365$35,509,574
95$48,389,677$21,482,129$16,760,240$38,495,761
96$53,232,258$22,441,587$17,228,541$41,760,802
97$58,565,846$23,445,123$17,709,596$45,332,047
98$64,440,434$24,494,805$18,203,739$49,239,584
99$70,911,107$25,592,800$18,711,313$53,516,522
100$78,038,568$26,741,375$19,232,670$58,199,291