Can I retire at age 80 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$891,854$883,910$876,159$868,594$861,207$851,505
2 years$441,512$433,289$425,320$417,593$410,099$400,331
3 years$291,417$283,159$275,210$267,556$260,183$250,654
4 years$216,385$208,152$200,283$192,759$185,565$176,347
5 years$171,377$163,194$155,427$148,057$141,064$132,184
6 years$141,382$133,260$125,608$118,403$111,619$103,089
7 years$119,965$111,911$104,381$97,345$90,776$82,599
8 years$103,910$95,929$88,524$81,661$75,307$67,483
9 years$91,429$83,523$76,245$69,557$63,420$55,944
10 years$81,450$73,622$66,472$59,959$54,037$46,905
11 years$73,291$65,541$58,521$52,182$46,473$39,680
12 years$66,496$58,826$51,936$45,771$40,273$33,811
13 years$60,752$53,162$46,401$40,409$35,119$28,980
14 years$55,832$48,322$41,692$35,870$30,785$24,960
15 years$51,572$44,143$37,642$31,990$27,105$21,586
16 years$47,848$40,501$34,128$28,644$23,956$18,732
17 years$44,566$37,300$31,055$25,736$21,241$16,303
18 years$41,651$34,467$28,349$23,193$18,886$14,224
19 years$39,047$31,943$25,953$20,957$16,834$12,437
20 years$36,706$29,683$23,818$18,981$15,036$10,894
21 years$34,590$27,649$21,908$17,226$13,456$9,558
22 years$32,670$25,809$20,192$15,663$12,061$8,397
23 years$30,919$24,139$18,643$14,264$10,827$7,386
24 years$29,316$22,616$17,242$13,010$9,731$6,504
25 years$27,844$21,224$15,970$11,881$8,757$5,732
26 years$26,487$19,948$14,811$10,864$7,888$5,056
27 years$25,233$18,773$13,753$9,944$7,112$4,463
28 years$24,071$17,690$12,785$9,111$6,417$3,942
29 years$22,991$16,688$11,898$8,355$5,794$3,483
30 years$21,984$15,760$11,082$7,667$5,235$3,079
31 years$21,044$14,899$10,332$7,042$4,733$2,724
32 years$20,165$14,097$9,640$6,472$4,282$2,410
33 years$19,341$13,350$9,001$5,951$3,875$2,133
34 years$18,567$12,653$8,410$5,476$3,508$1,888
35 years$17,839$12,001$7,863$5,041$3,178$1,672
36 years$17,153$11,391$7,355$4,642$2,879$1,481
37 years$16,505$10,819$6,884$4,277$2,609$1,312
38 years$15,893$10,282$6,447$3,942$2,366$1,163
39 years$15,314$9,777$6,040$3,635$2,145$1,031
40 years$14,765$9,302$5,661$3,353$1,946$913
41 years$14,245$8,854$5,309$3,093$1,765$810
42 years$13,750$8,433$4,980$2,855$1,602$718
43 years$13,280$8,035$4,673$2,635$1,454$637
44 years$12,832$7,659$4,386$2,433$1,320$564
45 years$12,405$7,303$4,118$2,247$1,198$501
46 years$11,998$6,967$3,868$2,076$1,088$444
47 years$11,610$6,649$3,634$1,918$988$394
48 years$11,239$6,347$3,415$1,772$897$349
49 years$10,884$6,061$3,210$1,638$815$310
50 years$10,545$5,790$3,018$1,514$740$275

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $10,800,000, adding $6,608 every year, while hoping to spend $54,311 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: 36/37/27 Blend
79$10,800,000$10,800,000$10,800,000$10,800,000
80$11,908,416$11,336,016$11,168,616$12,240,266
81$13,065,288$11,833,694$11,484,978$12,984,791
82$14,338,341$12,353,939$11,810,118$13,782,604
83$15,739,367$12,897,797$12,144,273$14,642,871
84$17,281,361$13,466,368$12,487,685$15,571,242
85$18,978,641$14,060,801$12,840,603$16,573,912
86$20,846,983$14,682,301$13,203,284$17,657,679
87$22,903,770$15,332,129$13,575,989$18,830,002
88$25,168,157$16,011,605$13,958,987$20,099,069
89$27,661,250$16,722,115$14,352,553$21,473,866
90$30,406,305$17,465,106$14,756,972$22,964,261
91$33,428,950$18,242,097$15,172,532$24,581,092
92$36,757,422$19,054,679$15,599,531$26,336,262
93$40,422,838$19,904,518$16,038,274$28,242,846
94$44,459,485$20,793,357$16,489,074$30,315,212
95$48,905,146$21,723,025$16,952,252$32,569,148
96$53,801,455$22,695,437$17,428,136$35,022,007
97$59,194,288$23,712,599$17,917,064$37,692,860
98$65,134,201$24,776,611$18,419,381$40,602,678
99$71,676,901$25,889,677$18,935,441$43,774,513
100$78,883,775$27,054,101$19,465,609$47,233,716