Can I retire at age 80 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$734,954$728,407$722,020$715,786$709,698$693,105
2 years$363,838$357,062$350,495$344,128$337,952$321,328
3 years$240,150$233,344$226,794$220,486$214,410$198,276
4 years$178,317$171,533$165,048$158,848$152,919$137,399
5 years$141,228$134,484$128,084$122,010$116,247$101,384
6 years$116,509$109,816$103,511$97,573$91,982$77,792
7 years$98,860$92,223$86,018$80,220$74,806$61,290
8 years$85,629$79,052$72,950$67,294$62,059$49,212
9 years$75,344$68,829$62,832$57,320$52,263$40,075
10 years$67,121$60,670$54,778$49,410$44,530$32,988
11 years$60,397$54,011$48,226$43,002$38,298$27,385
12 years$54,798$48,477$42,799$37,718$33,188$22,888
13 years$50,064$43,809$38,238$33,300$28,940$19,233
14 years$46,010$39,821$34,357$29,560$25,369$16,234
15 years$42,499$36,377$31,020$26,362$22,337$13,753
16 years$39,430$33,376$28,124$23,604$19,741$11,686
17 years$36,726$30,738$25,592$21,208$17,504$9,955
18 years$34,324$28,403$23,362$19,113$15,564$8,499
19 years$32,178$26,324$21,387$17,270$13,872$7,269
20 years$30,248$24,461$19,628$15,642$12,391$6,226
21 years$28,505$22,785$18,054$14,196$11,089$5,340
22 years$26,922$21,269$16,639$12,907$9,939$4,584
23 years$25,479$19,892$15,363$11,755$8,922$3,940
24 years$24,159$18,638$14,209$10,721$8,019$3,389
25 years$22,946$17,490$13,160$9,791$7,216$2,916
26 years$21,828$16,438$12,205$8,952$6,500$2,512
27 years$20,794$15,470$11,334$8,194$5,860$2,164
28 years$19,836$14,578$10,536$7,508$5,288$1,865
29 years$18,946$13,752$9,805$6,885$4,775$1,608
30 years$18,117$12,988$9,133$6,319$4,314$1,387
31 years$17,342$12,278$8,514$5,803$3,901$1,197
32 years$16,618$11,617$7,944$5,333$3,528$1,033
33 years$15,939$11,002$7,417$4,904$3,193$892
34 years$15,301$10,427$6,930$4,512$2,891$770
35 years$14,701$9,890$6,479$4,154$2,619$665
36 years$14,135$9,387$6,061$3,826$2,373$574
37 years$13,602$8,915$5,673$3,525$2,150$496
38 years$13,097$8,473$5,313$3,249$1,949$428
39 years$12,620$8,057$4,977$2,996$1,768$370
40 years$12,168$7,665$4,665$2,763$1,604$320
41 years$11,739$7,297$4,375$2,549$1,455$276
42 years$11,331$6,949$4,104$2,353$1,320$239
43 years$10,943$6,621$3,851$2,172$1,198$206
44 years$10,574$6,311$3,614$2,005$1,087$178
45 years$10,223$6,018$3,394$1,852$987$154
46 years$9,888$5,741$3,188$1,711$896$133
47 years$9,568$5,479$2,995$1,580$814$115
48 years$9,262$5,230$2,814$1,460$739$99
49 years$8,969$4,995$2,645$1,350$671$86
50 years$8,690$4,771$2,487$1,248$610$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $8,900,000, adding $2,704 every year, while hoping to spend $32,885 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: 43/36/21 Blend
79$8,900,000$8,900,000$8,900,000$8,900,000
80$9,810,589$9,338,889$9,200,939$10,172,319
81$10,776,280$9,761,505$9,474,181$10,851,410
82$11,839,369$10,203,728$9,755,475$11,583,292
83$13,009,756$10,666,482$10,045,055$12,375,573
84$14,298,350$11,150,738$10,343,163$13,233,841
85$15,717,171$11,657,514$10,650,048$14,164,230
86$17,279,464$12,187,873$10,965,966$15,173,474
87$18,999,824$12,742,934$11,291,181$16,268,968
88$20,894,333$13,323,864$11,625,962$17,458,833
89$22,980,712$13,931,891$11,970,589$18,751,990
90$25,278,490$14,568,299$12,325,349$20,158,240
91$27,809,183$15,234,433$12,690,536$21,688,351
92$30,596,505$15,931,705$13,066,454$23,354,160
93$33,666,583$16,661,594$13,453,415$25,168,672
94$37,048,210$17,425,647$13,851,740$27,146,187
95$40,773,114$18,225,490$14,261,759$29,302,424
96$44,876,256$19,062,824$14,683,813$31,654,667
97$49,396,164$19,939,432$15,118,250$34,221,921
98$54,375,292$20,857,183$15,565,431$37,025,088
99$59,860,424$21,818,037$16,025,725$40,087,158
100$65,903,113$22,824,047$16,499,512$43,433,416