Can I retire at age 80 with 6,000,000?

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:
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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$495,474$491,061$486,755$482,552$478,448$475,633
2 years$245,284$240,716$236,289$231,996$227,833$224,992
3 years$161,899$157,311$152,895$148,642$144,546$141,768
4 years$120,214$115,640$111,268$107,088$103,092$100,398
5 years$95,210$90,663$86,349$82,254$78,369$75,767
6 years$78,545$74,033$69,782$65,779$62,010$59,505
7 years$66,647$62,173$57,990$54,081$50,431$48,022
8 years$57,728$53,294$49,180$45,367$41,837$39,526
9 years$50,794$46,402$42,359$38,643$35,233$33,018
10 years$45,250$40,901$36,929$33,310$30,020$27,900
11 years$40,717$36,412$32,512$28,990$25,819$23,792
12 years$36,942$32,681$28,853$25,428$22,374$20,440
13 years$33,751$29,534$25,779$22,449$19,510$17,667
14 years$31,018$26,846$23,162$19,928$17,103$15,347
15 years$28,651$24,524$20,912$17,772$15,059$13,389
16 years$26,582$22,500$18,960$15,913$13,309$11,722
17 years$24,759$20,722$17,253$14,298$11,801$10,295
18 years$23,140$19,148$15,750$12,885$10,492$9,065
19 years$21,693$17,746$14,418$11,643$9,352$8,001
20 years$20,392$16,491$13,232$10,545$8,354$7,075
21 years$19,217$15,360$12,171$9,570$7,475$6,267
22 years$18,150$14,338$11,218$8,701$6,701$5,560
23 years$17,177$13,410$10,357$7,925$6,015$4,939
24 years$16,287$12,565$9,579$7,228$5,406$4,393
25 years$15,469$11,791$8,872$6,601$4,865$3,911
26 years$14,715$11,082$8,228$6,035$4,382$3,485
27 years$14,018$10,429$7,641$5,524$3,951$3,108
28 years$13,373$9,828$7,103$5,061$3,565$2,774
29 years$12,773$9,271$6,610$4,641$3,219$2,477
30 years$12,213$8,756$6,157$4,260$2,909$2,213
31 years$11,691$8,277$5,740$3,912$2,630$1,978
32 years$11,203$7,832$5,355$3,595$2,379$1,769
33 years$10,745$7,417$5,000$3,306$2,153$1,583
34 years$10,315$7,029$4,672$3,042$1,949$1,417
35 years$9,911$6,667$4,368$2,800$1,765$1,268
36 years$9,529$6,328$4,086$2,579$1,599$1,136
37 years$9,170$6,010$3,825$2,376$1,450$1,017
38 years$8,830$5,712$3,582$2,190$1,314$912
39 years$8,508$5,432$3,356$2,020$1,192$817
40 years$8,203$5,168$3,145$1,863$1,081$732
41 years$7,914$4,919$2,949$1,719$981$656
42 years$7,639$4,685$2,766$1,586$890$588
43 years$7,378$4,464$2,596$1,464$808$528
44 years$7,129$4,255$2,437$1,352$733$473
45 years$6,892$4,057$2,288$1,248$666$424
46 years$6,666$3,871$2,149$1,153$604$381
47 years$6,450$3,694$2,019$1,065$549$341
48 years$6,244$3,526$1,897$985$498$306
49 years$6,047$3,367$1,783$910$453$275
50 years$5,858$3,217$1,677$841$411$247

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $6,000,000, adding $6,213 every year, while hoping to spend $33,278 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: 68/6/26 Blend
79$6,000,000$6,000,000$6,000,000$6,000,000
80$6,618,409$6,300,409$6,207,409$7,023,592
81$7,258,079$6,573,721$6,379,949$7,569,889
82$7,961,880$6,859,311$6,557,155$8,162,971
83$8,736,318$7,157,744$6,739,146$8,811,084
84$9,588,563$7,469,613$6,926,047$9,519,669
85$10,526,512$7,795,540$7,117,986$10,294,720
86$11,558,870$8,136,174$7,315,092$11,142,833
87$12,695,225$8,492,198$7,517,498$12,071,275
88$13,946,145$8,864,323$7,725,342$13,088,044
89$15,323,274$9,253,296$7,938,762$14,201,952
90$16,839,440$9,659,900$8,157,903$15,422,699
91$18,508,780$10,084,953$8,382,910$16,760,970
92$20,346,873$10,529,312$8,613,934$18,228,532
93$22,370,882$10,993,876$8,851,129$19,838,347
94$24,599,722$11,479,586$9,094,652$21,604,689
95$27,054,234$11,987,426$9,344,663$23,543,282
96$29,757,384$12,518,429$9,601,328$25,671,444
97$32,734,480$13,073,675$9,864,816$28,008,253
98$36,013,408$13,654,296$10,135,298$30,574,725
99$39,624,897$14,261,478$10,412,951$33,394,007
100$43,602,809$14,896,462$10,697,957$36,491,603