Can I retire at age 80 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$924,886$916,647$908,609$900,764$893,104$888,967
2 years$457,864$449,337$441,073$433,060$425,287$421,112
3 years$302,211$293,647$285,403$277,466$269,820$265,734
4 years$224,399$215,861$207,700$199,898$192,438$188,474
5 years$177,725$169,238$161,184$153,541$146,288$142,458
6 years$146,618$138,195$130,261$122,788$115,753$112,061
7 years$124,408$116,056$108,247$100,951$94,138$90,587
8 years$107,758$99,482$91,802$84,685$78,097$74,686
9 years$94,815$86,617$79,069$72,133$65,769$62,498
10 years$84,467$76,348$68,934$62,179$56,038$52,906
11 years$76,005$67,969$60,689$54,115$48,195$45,199
12 years$68,959$61,005$53,860$47,466$41,764$38,903
13 years$63,002$55,131$48,120$41,905$36,419$33,689
14 years$57,900$50,112$43,236$37,199$31,925$29,323
15 years$53,482$45,778$39,036$33,175$28,109$25,632
16 years$49,620$42,001$35,392$29,704$24,843$22,488
17 years$46,216$38,681$32,205$26,689$22,028$19,790
18 years$43,194$35,743$29,399$24,052$19,586$17,463
19 years$40,493$33,126$26,914$21,733$17,457$15,445
20 years$38,065$30,783$24,700$19,684$15,593$13,688
21 years$35,871$28,673$22,719$17,864$13,954$12,152
22 years$33,880$26,765$20,939$16,243$12,508$10,805
23 years$32,064$25,033$19,334$14,793$11,228$9,620
24 years$30,402$23,454$17,881$13,492$10,092$8,576
25 years$28,875$22,010$16,561$12,321$9,081$7,652
26 years$27,468$20,686$15,359$11,266$8,180$6,835
27 years$26,168$19,468$14,263$10,312$7,375$6,110
28 years$24,962$18,345$13,259$9,448$6,655$5,465
29 years$23,842$17,306$12,339$8,664$6,009$4,892
30 years$22,798$16,344$11,493$7,951$5,429$4,382
31 years$21,824$15,450$10,715$7,303$4,909$3,927
32 years$20,912$14,619$9,997$6,711$4,440$3,520
33 years$20,058$13,845$9,334$6,172$4,018$3,157
34 years$19,255$13,122$8,721$5,679$3,638$2,833
35 years$18,500$12,446$8,154$5,227$3,295$2,543
36 years$17,788$11,813$7,628$4,814$2,986$2,283
37 years$17,117$11,219$7,139$4,436$2,706$2,050
38 years$16,482$10,662$6,686$4,089$2,453$1,841
39 years$15,881$10,139$6,264$3,770$2,225$1,654
40 years$15,312$9,646$5,871$3,477$2,018$1,486
41 years$14,772$9,182$5,505$3,208$1,831$1,336
42 years$14,259$8,745$5,164$2,961$1,661$1,201
43 years$13,771$8,332$4,846$2,733$1,508$1,080
44 years$13,307$7,942$4,549$2,524$1,368$971
45 years$12,865$7,574$4,271$2,331$1,242$873
46 years$12,443$7,225$4,011$2,153$1,128$785
47 years$12,040$6,895$3,769$1,989$1,024$706
48 years$11,655$6,582$3,541$1,838$930$635
49 years$11,287$6,286$3,329$1,698$845$571
50 years$10,935$6,004$3,130$1,570$767$514

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,200,000, adding $5,702 every year, while hoping to spend $48,052 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: 59/16/25 Blend
79$11,200,000$11,200,000$11,200,000$11,200,000
80$12,348,282$11,754,682$11,581,082$12,993,324
81$13,556,679$12,279,534$11,917,921$13,958,477
82$14,886,723$12,828,494$12,264,434$15,005,036
83$16,350,770$13,402,691$12,620,894$16,145,531
84$17,962,437$14,003,311$12,987,581$17,389,086
85$19,736,725$14,631,593$13,364,786$18,745,739
86$21,690,168$15,288,838$13,752,803$20,226,534
87$23,840,982$15,976,408$14,151,938$21,843,622
88$26,209,239$16,695,728$14,562,505$23,610,374
89$28,817,056$17,448,295$14,984,824$25,541,505
90$31,688,808$18,235,672$15,419,227$27,653,210
91$34,851,348$19,059,503$15,866,053$29,963,314
92$38,334,272$19,921,505$16,325,653$32,491,437
93$42,170,189$20,823,480$16,798,383$35,259,175
94$46,395,033$21,767,314$17,284,613$38,290,306
95$51,048,400$22,754,987$17,784,722$41,611,003
96$56,173,925$23,788,569$18,299,098$45,250,085
97$61,819,689$24,870,233$18,828,141$49,239,282
98$68,038,676$26,002,252$19,372,262$53,613,530
99$74,889,270$27,187,013$19,931,883$58,411,300
100$82,435,811$28,427,011$20,507,436$63,674,955