Can I retire at age 80 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,007,465$998,491$989,735$981,190$972,845$942,081
2 years$498,745$489,456$480,454$471,726$463,260$432,544
3 years$329,194$319,865$310,886$302,239$293,911$264,208
4 years$244,435$235,135$226,245$217,746$209,620$181,156
5 years$193,593$184,348$175,575$167,250$159,350$132,203
6 years$159,709$150,534$141,891$133,751$126,088$100,280
7 years$135,516$126,419$117,912$109,964$102,543$78,073
8 years$117,379$108,364$99,999$92,246$85,069$61,920
9 years$103,281$94,350$86,129$78,573$71,641$49,786
10 years$92,008$83,165$75,089$67,731$61,042$40,448
11 years$82,791$74,037$66,107$58,946$52,498$33,129
12 years$75,116$66,452$58,669$51,704$45,493$27,308
13 years$68,627$60,053$52,416$45,647$39,671$22,625
14 years$63,069$54,586$47,096$40,520$34,776$18,822
15 years$58,257$49,866$42,522$36,137$30,619$15,712
16 years$54,051$45,751$38,552$32,357$27,061$13,151
17 years$50,343$42,135$35,081$29,072$23,994$11,033
18 years$47,051$38,934$32,024$26,200$21,335$9,274
19 years$44,109$36,084$29,317$23,674$19,016$7,807
20 years$41,464$33,531$26,906$21,441$16,986$6,581
21 years$39,074$31,233$24,748$19,459$15,200$5,554
22 years$36,905$29,155$22,809$17,693$13,625$4,691
23 years$34,927$27,268$21,060$16,113$12,230$3,966
24 years$33,116$25,548$19,477$14,696$10,993$3,354
25 years$31,453$23,976$18,040$13,421$9,892$2,839
26 years$29,921$22,533$16,731$12,272$8,910$2,404
27 years$28,504$21,206$15,536$11,233$8,033$2,036
28 years$27,191$19,983$14,443$10,292$7,249$1,725
29 years$25,971$18,851$13,440$9,438$6,545$1,462
30 years$24,834$17,803$12,519$8,661$5,914$1,240
31 years$23,772$16,830$11,671$7,955$5,347$1,051
32 years$22,779$15,925$10,889$7,311$4,837$892
33 years$21,848$15,081$10,167$6,723$4,377$756
34 years$20,974$14,293$9,500$6,186$3,963$642
35 years$20,152$13,557$8,882$5,694$3,590$544
36 years$19,376$12,867$8,309$5,244$3,252$462
37 years$18,645$12,221$7,777$4,832$2,948$392
38 years$17,954$11,614$7,283$4,454$2,672$333
39 years$17,299$11,044$6,823$4,106$2,423$282
40 years$16,679$10,508$6,395$3,788$2,198$240
41 years$16,091$10,002$5,997$3,495$1,994$203
42 years$15,532$9,526$5,625$3,225$1,809$173
43 years$15,001$9,076$5,278$2,977$1,642$146
44 years$14,495$8,651$4,955$2,749$1,491$124
45 years$14,013$8,250$4,652$2,539$1,353$105
46 years$13,554$7,870$4,370$2,345$1,229$90
47 years$13,115$7,511$4,105$2,166$1,116$76
48 years$12,696$7,170$3,858$2,002$1,013$65
49 years$12,295$6,847$3,626$1,850$920$55
50 years$11,911$6,540$3,409$1,710$836$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,200,000, adding $5,169 every year, while hoping to spend $24,635 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: 64/6/30 Blend
79$12,200,000$12,200,000$12,200,000$12,200,000
80$13,449,732$12,803,132$12,614,032$14,202,219
81$14,795,393$13,404,274$13,010,390$15,314,483
82$16,277,486$14,034,046$13,419,201$16,526,228
83$17,909,901$14,693,826$13,840,856$17,849,864
84$19,707,943$15,385,056$14,275,757$19,296,404
85$21,688,480$16,109,250$14,724,322$20,877,966
86$23,870,097$16,867,995$15,186,978$22,607,892
87$26,273,275$17,662,955$15,664,170$24,500,868
88$28,920,582$18,495,873$16,156,353$26,573,064
89$31,836,888$19,368,578$16,663,998$28,842,281
90$35,049,600$20,282,987$17,187,591$31,328,118
91$38,588,917$21,241,111$17,727,633$34,052,157
92$42,488,118$22,245,057$18,284,640$37,038,162
93$46,783,877$23,297,035$18,859,146$40,312,303
94$51,516,605$24,399,363$19,451,700$43,903,397
95$56,730,835$25,554,468$20,062,869$47,843,181
96$62,475,642$26,764,899$20,693,237$52,166,609
97$68,805,105$28,033,327$21,343,408$56,912,176
98$75,778,817$29,362,551$22,014,003$62,122,281
99$83,462,449$30,755,509$22,705,665$67,843,625
100$91,928,369$32,215,278$23,419,054$74,127,645