Can I retire at age 80 with 11,100,000?

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 $11,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$916,628$908,463$900,497$892,722$885,130$876,981
2 years$453,776$445,325$437,134$429,193$421,490$413,280
3 years$299,512$291,025$282,855$274,988$267,411$259,394
4 years$222,396$213,934$205,846$198,114$190,720$182,958
5 years$176,138$167,727$159,745$152,170$144,982$137,498
6 years$145,309$136,962$129,098$121,692$114,719$107,522
7 years$123,297$115,020$107,281$100,049$93,298$86,391
8 years$106,796$98,593$90,983$83,929$77,399$70,782
9 years$93,968$85,843$78,363$71,489$65,181$58,852
10 years$83,712$75,667$68,319$61,624$55,538$49,493
11 years$75,327$67,362$60,147$53,631$47,764$41,999
12 years$68,343$60,460$53,379$47,042$41,392$35,900
13 years$62,439$54,638$47,690$41,531$36,094$30,870
14 years$57,383$49,665$42,850$36,867$31,640$26,676
15 years$53,004$45,370$38,688$32,879$27,858$23,148
16 years$49,177$41,626$35,076$29,439$24,621$20,157
17 years$45,804$38,336$31,918$26,451$21,831$17,605
18 years$42,808$35,424$29,137$23,838$19,411$15,415
19 years$40,132$32,831$26,673$21,539$17,302$13,527
20 years$37,725$30,508$24,480$19,508$15,454$11,892
21 years$35,551$28,417$22,517$17,705$13,830$10,473
22 years$33,577$26,526$20,752$16,098$12,396$9,236
23 years$31,778$24,809$19,161$14,660$11,128$8,155
24 years$30,131$23,245$17,721$13,371$10,002$7,208
25 years$28,618$21,814$16,413$12,211$9,000$6,378
26 years$27,223$20,502$15,222$11,165$8,107$5,648
27 years$25,934$19,294$14,135$10,220$7,309$5,005
28 years$24,739$18,181$13,141$9,364$6,595$4,438
29 years$23,629$17,152$12,228$8,587$5,955$3,938
30 years$22,595$16,198$11,390$7,880$5,381$3,496
31 years$21,629$15,312$10,619$7,238$4,865$3,105
32 years$20,726$14,489$9,908$6,652$4,401$2,758
33 years$19,878$13,721$9,251$6,117$3,983$2,451
34 years$19,083$13,004$8,643$5,628$3,606$2,179
35 years$18,335$12,334$8,081$5,181$3,266$1,938
36 years$17,629$11,707$7,560$4,771$2,959$1,724
37 years$16,964$11,119$7,076$4,396$2,682$1,534
38 years$16,335$10,567$6,626$4,052$2,431$1,365
39 years$15,740$10,048$6,208$3,736$2,205$1,215
40 years$15,175$9,560$5,819$3,446$2,000$1,081
41 years$14,640$9,100$5,456$3,179$1,814$963
42 years$14,132$8,667$5,118$2,934$1,646$857
43 years$13,649$8,258$4,802$2,709$1,494$763
44 years$13,188$7,871$4,508$2,501$1,356$680
45 years$12,750$7,506$4,233$2,310$1,231$606
46 years$12,332$7,161$3,976$2,134$1,118$539
47 years$11,933$6,833$3,735$1,971$1,015$480
48 years$11,551$6,523$3,510$1,821$922$428
49 years$11,186$6,229$3,299$1,683$837$381
50 years$10,837$5,951$3,102$1,556$760$340

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,100,000, adding $3,470 every year, while hoping to spend $28,413 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: 59/36/5 Blend
79$11,100,000$11,100,000$11,100,000$11,100,000
80$12,235,779$11,647,479$11,475,429$12,946,721
81$13,453,598$12,187,975$11,829,625$13,963,626
82$14,794,681$12,754,002$12,194,734$15,068,269
83$16,271,573$13,346,782$12,571,092$16,271,898
84$17,898,094$13,967,595$12,959,044$17,584,002
85$19,689,476$14,617,784$13,358,948$19,015,007
86$21,662,500$15,298,753$13,771,171$20,576,377
87$23,835,661$16,011,977$14,196,091$22,280,711
88$26,229,337$16,759,003$14,634,099$24,141,863
89$28,865,985$17,541,450$15,085,596$26,175,067
90$31,770,350$18,361,016$15,550,999$28,397,075
91$34,969,702$19,219,482$16,030,734$30,826,311
92$38,494,090$20,118,714$16,525,241$33,483,040
93$42,376,625$21,060,669$17,034,975$36,389,554
94$46,653,797$22,047,399$17,560,403$39,570,376
95$51,365,816$23,081,053$18,102,008$43,052,486
96$56,556,990$24,163,886$18,660,286$46,865,571
97$62,276,148$25,298,261$19,235,751$51,042,296
98$68,577,096$26,486,657$19,828,929$55,618,609
99$75,519,128$27,731,670$20,440,366$60,634,070
100$83,167,582$29,036,025$21,070,621$66,132,220