Can I retire at age 80 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$974,433$965,753$957,285$949,019$940,949$923,462
2 years$482,393$473,408$464,701$456,259$448,071$430,518
3 years$318,401$309,378$300,693$292,330$284,274$267,203
4 years$236,421$227,425$218,827$210,607$202,747$186,289
5 years$187,245$178,304$169,819$161,766$154,125$138,327
6 years$154,473$145,599$137,239$129,366$121,954$106,833
7 years$131,073$122,274$114,046$106,359$99,181$84,742
8 years$113,531$104,811$96,720$89,222$82,280$68,519
9 years$99,894$91,257$83,305$75,997$69,292$56,200
10 years$88,992$80,438$72,627$65,510$59,040$46,606
11 years$80,077$71,610$63,940$57,014$50,777$38,985
12 years$72,653$64,273$56,745$50,009$44,002$32,838
13 years$66,377$58,084$50,698$44,150$38,370$27,815
14 years$61,001$52,797$45,552$39,192$33,635$23,670
15 years$56,347$48,231$41,128$34,952$29,615$20,220
16 years$52,278$44,251$37,288$31,296$26,174$17,328
17 years$48,692$40,753$33,931$28,119$23,208$14,890
18 years$45,508$37,658$30,974$25,341$20,635$12,824
19 years$42,662$34,901$28,356$22,898$18,393$11,065
20 years$40,104$32,432$26,023$20,738$16,429$9,564
21 years$37,793$30,209$23,936$18,821$14,702$8,278
22 years$35,695$28,199$22,061$17,113$13,178$7,173
23 years$33,782$26,374$20,370$15,585$11,829$6,223
24 years$32,031$24,711$18,838$14,214$10,633$5,403
25 years$30,422$23,190$17,448$12,981$9,568$4,695
26 years$28,940$21,795$16,182$11,870$8,618$4,082
27 years$27,570$20,511$15,027$10,864$7,770$3,551
28 years$26,300$19,328$13,969$9,954$7,011$3,091
29 years$25,119$18,233$13,000$9,128$6,331$2,692
30 years$24,020$17,219$12,109$8,377$5,720$2,345
31 years$22,993$16,278$11,289$7,694$5,172$2,044
32 years$22,033$15,402$10,532$7,071$4,678$1,781
33 years$21,132$14,586$9,834$6,502$4,234$1,553
34 years$20,286$13,825$9,188$5,983$3,833$1,354
35 years$19,491$13,112$8,591$5,507$3,472$1,181
36 years$18,741$12,446$8,036$5,072$3,146$1,031
37 years$18,034$11,820$7,522$4,673$2,851$899
38 years$17,365$11,234$7,044$4,308$2,585$785
39 years$16,732$10,682$6,599$3,972$2,344$685
40 years$16,132$10,163$6,186$3,663$2,126$598
41 years$15,564$9,674$5,800$3,380$1,929$522
42 years$15,023$9,213$5,441$3,119$1,750$455
43 years$14,509$8,779$5,105$2,879$1,588$398
44 years$14,020$8,368$4,792$2,659$1,442$347
45 years$13,554$7,979$4,500$2,455$1,309$303
46 years$13,109$7,612$4,226$2,268$1,188$265
47 years$12,685$7,264$3,971$2,095$1,079$231
48 years$12,280$6,935$3,731$1,936$980$202
49 years$11,892$6,622$3,507$1,789$890$176
50 years$11,521$6,326$3,297$1,654$808$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $11,800,000, adding $6,123 every year, while hoping to spend $52,446 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: 25/50/25 Blend
79$11,800,000$11,800,000$11,800,000$11,800,000
80$13,009,916$12,384,516$12,201,616$13,232,134
81$14,281,125$12,935,555$12,554,568$13,966,193
82$15,680,240$13,511,837$12,917,586$14,747,806
83$17,220,251$14,114,544$13,290,952$15,584,773
84$18,915,474$14,744,914$13,674,956$16,481,762
85$20,781,680$15,404,242$14,069,894$17,443,874
86$22,836,249$16,093,887$14,476,073$18,476,690
87$25,098,331$16,815,273$14,893,807$19,586,312
88$27,589,028$17,569,889$15,323,417$20,779,419
89$30,331,593$18,359,297$15,765,235$22,063,323
90$33,351,647$19,185,134$16,219,602$23,446,027
91$36,677,422$20,049,113$16,686,866$24,936,300
92$40,340,029$20,953,030$17,167,386$26,543,747
93$44,373,750$21,898,766$17,661,531$28,278,895
94$48,816,360$22,888,293$18,169,680$30,153,283
95$53,709,486$23,923,676$18,692,221$32,179,563
96$59,098,997$25,007,080$19,229,554$34,371,610
97$65,035,439$26,140,772$19,782,089$36,744,646
98$71,574,511$27,327,127$20,350,246$39,315,370
99$78,777,591$28,568,635$20,934,459$42,102,109
100$86,712,312$29,867,906$21,535,170$45,124,980