Can I retire at age 80 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$478,959$474,692$470,530$466,467$462,500$459,201
2 years$237,108$232,692$228,413$224,263$220,238$216,911
3 years$156,502$152,067$147,798$143,688$139,728$136,476
4 years$116,207$111,785$107,559$103,519$99,655$96,504
5 years$92,036$87,641$83,470$79,512$75,756$72,715
6 years$75,927$71,566$67,456$63,587$59,943$57,016
7 years$64,426$60,101$56,057$52,278$48,750$45,937
8 years$55,803$51,517$47,540$43,855$40,443$37,745
9 years$49,101$44,855$40,947$37,355$34,059$31,475
10 years$43,742$39,538$35,698$32,200$29,020$26,549
11 years$39,360$35,198$31,428$28,024$24,958$22,599
12 years$35,711$31,592$27,892$24,580$21,628$19,378
13 years$32,626$28,550$24,919$21,701$18,860$16,717
14 years$29,984$25,951$22,390$19,264$16,533$14,493
15 years$27,696$23,707$20,215$17,180$14,557$12,619
16 years$25,696$21,750$18,328$15,383$12,865$11,026
17 years$23,933$20,031$16,678$13,821$11,407$9,663
18 years$22,368$18,510$15,225$12,456$10,143$8,491
19 years$20,970$17,155$13,938$11,255$9,040$7,478
20 years$19,712$15,941$12,791$10,193$8,075$6,598
21 years$18,576$14,848$11,765$9,251$7,226$5,832
22 years$17,545$13,860$10,844$8,411$6,477$5,163
23 years$16,605$12,963$10,012$7,660$5,814$4,576
24 years$15,744$12,146$9,260$6,987$5,226$4,060
25 years$14,953$11,398$8,576$6,381$4,703$3,606
26 years$14,225$10,713$7,954$5,834$4,236$3,206
27 years$13,551$10,082$7,386$5,340$3,819$2,852
28 years$12,927$9,500$6,866$4,893$3,446$2,540
29 years$12,347$8,962$6,390$4,487$3,112$2,262
30 years$11,806$8,464$5,952$4,118$2,812$2,016
31 years$11,302$8,001$5,549$3,782$2,542$1,798
32 years$10,830$7,571$5,177$3,476$2,299$1,604
33 years$10,387$7,170$4,834$3,196$2,081$1,432
34 years$9,971$6,795$4,516$2,941$1,884$1,278
35 years$9,580$6,445$4,222$2,707$1,706$1,141
36 years$9,212$6,117$3,950$2,493$1,546$1,020
37 years$8,864$5,810$3,697$2,297$1,401$911
38 years$8,535$5,522$3,462$2,117$1,270$814
39 years$8,224$5,250$3,244$1,952$1,152$728
40 years$7,930$4,995$3,040$1,801$1,045$651
41 years$7,650$4,755$2,851$1,661$948$582
42 years$7,384$4,529$2,674$1,533$860$520
43 years$7,132$4,315$2,509$1,415$781$465
44 years$6,891$4,113$2,355$1,307$709$416
45 years$6,662$3,922$2,212$1,207$643$372
46 years$6,444$3,742$2,077$1,115$584$333
47 years$6,235$3,571$1,952$1,030$530$298
48 years$6,036$3,409$1,834$952$482$267
49 years$5,845$3,255$1,724$880$437$239
50 years$5,663$3,109$1,621$813$397$213

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $5,800,000, adding $4,030 every year, while hoping to spend $32,275 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: 78/12/10 Blend
79$5,800,000$5,800,000$5,800,000$5,800,000
80$6,395,757$6,088,357$5,998,457$6,883,511
81$7,013,784$6,352,346$6,165,065$7,468,610
82$7,693,768$6,628,189$6,336,173$8,105,600
83$8,441,994$6,916,432$6,511,896$8,803,290
84$9,265,389$7,217,649$6,692,356$9,567,717
85$10,171,582$7,532,438$6,877,674$10,405,528
86$11,168,983$7,861,426$7,067,976$11,324,043
87$12,266,856$8,205,272$7,263,389$12,331,322
88$13,475,408$8,564,664$7,464,046$13,436,239
89$14,805,889$8,940,322$7,670,081$14,648,568
90$16,270,693$9,333,001$7,881,631$15,979,072
91$17,883,476$9,743,491$8,098,839$17,439,604
92$19,659,289$10,172,619$8,321,848$19,043,219
93$21,614,713$10,621,254$8,550,806$20,804,295
94$23,768,020$11,090,303$8,785,865$22,738,669
95$26,139,346$11,580,715$9,027,179$24,863,783
96$28,750,878$12,093,489$9,274,908$27,198,850
97$31,627,063$12,629,665$9,529,213$29,765,033
98$34,794,842$13,190,338$9,790,261$32,585,644
99$38,283,902$13,776,651$10,058,221$35,686,362
100$42,126,956$14,389,802$10,333,267$39,095,474