Can I retire at age 80 with 12,000,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$990,949$982,122$973,510$965,105$956,897$927,380
2 years$490,569$481,432$472,578$463,993$455,665$426,186
3 years$323,797$314,621$305,789$297,285$289,093$260,575
4 years$240,428$231,280$222,536$214,177$206,183$178,846
5 years$190,419$181,326$172,697$164,508$156,737$130,654
6 years$157,091$148,067$139,565$131,559$124,021$99,215
7 years$133,294$124,346$115,979$108,162$100,862$77,331
8 years$115,455$106,588$98,360$90,734$83,675$61,404
9 years$101,588$92,804$84,717$77,285$70,466$49,431
10 years$90,500$81,802$73,858$66,621$60,041$40,211
11 years$81,434$72,823$65,024$57,980$51,637$32,977
12 years$73,885$65,362$57,707$50,856$44,748$27,219
13 years$67,502$59,068$51,557$44,898$39,021$22,581
14 years$62,035$53,692$46,324$39,856$34,205$18,812
15 years$57,302$49,048$41,825$35,544$30,117$15,726
16 years$53,165$45,001$37,920$31,826$26,618$13,182
17 years$49,518$41,444$34,506$28,595$23,601$11,075
18 years$46,279$38,296$31,499$25,770$20,985$9,323
19 years$43,385$35,493$28,836$23,286$18,704$7,861
20 years$40,784$32,981$26,464$21,090$16,707$6,636
21 years$38,434$30,721$24,342$19,140$14,951$5,609
22 years$36,300$28,677$22,435$17,403$13,401$4,745
23 years$34,354$26,821$20,715$15,849$12,030$4,018
24 years$32,574$25,129$19,158$14,455$10,813$3,404
25 years$30,938$23,583$17,744$13,201$9,730$2,885
26 years$29,430$22,164$16,457$12,071$8,764$2,447
27 years$28,037$20,859$15,281$11,049$7,902$2,076
28 years$26,745$19,655$14,206$10,123$7,130$1,762
29 years$25,545$18,542$13,220$9,283$6,438$1,496
30 years$24,427$17,511$12,314$8,519$5,817$1,270
31 years$23,383$16,554$11,480$7,824$5,259$1,079
32 years$22,406$15,663$10,711$7,191$4,757$917
33 years$21,490$14,834$10,001$6,613$4,305$779
34 years$20,630$14,059$9,344$6,084$3,898$662
35 years$19,821$13,335$8,736$5,601$3,531$562
36 years$19,059$12,656$8,172$5,158$3,199$478
37 years$18,339$12,021$7,649$4,753$2,899$406
38 years$17,659$11,424$7,163$4,381$2,629$345
39 years$17,016$10,863$6,711$4,039$2,384$294
40 years$16,406$10,335$6,290$3,725$2,162$250
41 years$15,827$9,838$5,898$3,437$1,961$212
42 years$15,278$9,370$5,533$3,172$1,780$180
43 years$14,755$8,927$5,192$2,928$1,615$153
44 years$14,258$8,510$4,873$2,704$1,466$130
45 years$13,784$8,115$4,576$2,497$1,331$111
46 years$13,332$7,741$4,298$2,307$1,209$94
47 years$12,900$7,387$4,038$2,131$1,097$80
48 years$12,488$7,052$3,794$1,969$997$68
49 years$12,094$6,735$3,567$1,820$905$58
50 years$11,716$6,433$3,353$1,682$822$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,000,000, adding $2,084 every year, while hoping to spend $36,264 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: 74/13/13 Blend