Can I retire at age 80 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$801,017$793,882$786,921$780,126$773,492$763,826
2 years$396,543$389,158$382,000$375,061$368,329$358,604
3 years$261,736$254,319$247,180$240,305$233,683$224,200
4 years$194,346$186,951$179,883$173,126$166,665$157,497
5 years$153,922$146,572$139,597$132,978$126,696$117,869
6 years$126,982$119,687$112,815$106,343$100,250$91,776
7 years$107,746$100,513$93,750$87,431$81,530$73,412
8 years$93,326$86,158$79,507$73,343$67,637$59,874
9 years$82,117$75,016$68,480$62,472$56,960$49,549
10 years$73,154$66,123$59,702$53,852$48,533$41,468
11 years$65,826$58,866$52,561$46,867$41,740$35,015
12 years$59,723$52,835$46,646$41,109$36,171$29,779
13 years$54,564$47,747$41,675$36,293$31,542$25,474
14 years$50,145$43,401$37,446$32,217$27,649$21,897
15 years$46,319$39,647$33,808$28,732$24,345$18,898
16 years$42,975$36,376$30,652$25,726$21,516$16,366
17 years$40,027$33,501$27,892$23,115$19,078$14,214
18 years$37,409$30,956$25,462$20,831$16,963$12,375
19 years$35,070$28,690$23,309$18,823$15,119$10,796
20 years$32,967$26,660$21,392$17,047$13,505$9,436
21 years$31,067$24,833$19,677$15,472$12,085$8,260
22 years$29,342$23,180$18,135$14,067$10,833$7,241
23 years$27,770$21,680$16,744$12,811$9,724$6,354
24 years$26,330$20,313$15,486$11,685$8,740$5,582
25 years$25,008$19,063$14,343$10,671$7,865$4,908
26 years$23,790$17,916$13,302$9,757$7,084$4,319
27 years$22,663$16,861$12,352$8,931$6,387$3,803
28 years$21,619$15,888$11,483$8,183$5,763$3,351
29 years$20,649$14,988$10,686$7,504$5,204$2,954
30 years$19,745$14,155$9,954$6,887$4,702$2,605
31 years$18,901$13,381$9,280$6,325$4,251$2,298
32 years$18,111$12,661$8,658$5,813$3,846$2,029
33 years$17,371$11,990$8,084$5,345$3,480$1,791
34 years$16,676$11,364$7,553$4,918$3,151$1,582
35 years$16,022$10,779$7,062$4,527$2,854$1,397
36 years$15,406$10,231$6,606$4,170$2,586$1,234
37 years$14,824$9,717$6,183$3,842$2,344$1,091
38 years$14,275$9,234$5,790$3,541$2,125$964
39 years$13,754$8,781$5,425$3,265$1,927$852
40 years$13,261$8,354$5,085$3,011$1,748$753
41 years$12,794$7,953$4,768$2,778$1,586$666
42 years$12,350$7,574$4,472$2,564$1,439$589
43 years$11,927$7,216$4,197$2,367$1,306$521
44 years$11,525$6,879$3,939$2,186$1,185$461
45 years$11,142$6,559$3,699$2,018$1,076$408
46 years$10,776$6,257$3,474$1,864$977$360
47 years$10,428$5,971$3,264$1,723$887$319
48 years$10,094$5,701$3,067$1,592$806$282
49 years$9,776$5,444$2,883$1,471$732$250
50 years$9,471$5,200$2,710$1,360$665$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,700,000, adding $6,253 every year, while hoping to spend $59,523 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: 58/22/20 Blend
79$9,700,000$9,700,000$9,700,000$9,700,000
80$10,695,850$10,181,750$10,031,400$11,259,100
81$11,723,495$10,617,324$10,304,120$12,078,170
82$12,853,964$11,072,246$10,583,981$12,963,708
83$14,097,684$11,547,401$10,871,159$13,927,818
84$15,466,140$12,043,716$11,165,836$14,978,092
85$16,971,989$12,562,161$11,468,195$16,122,883
86$18,629,177$13,103,752$11,778,424$17,371,377
87$20,453,068$13,669,551$12,096,716$18,733,680
88$22,460,593$14,260,671$12,423,268$20,220,911
89$24,670,407$14,878,277$12,758,281$21,845,304
90$27,103,065$15,523,590$13,101,960$23,620,321
91$29,781,218$16,197,885$13,454,515$25,560,778
92$32,729,821$16,902,500$13,816,161$27,682,979
93$35,976,376$17,638,836$14,187,115$30,004,870
94$39,551,184$18,408,357$14,567,602$32,546,203
95$43,487,638$19,212,600$14,957,849$35,328,723
96$47,822,531$20,053,170$15,358,091$38,376,366
97$52,596,405$20,931,752$15,768,563$41,715,483
98$57,853,939$21,850,108$16,189,510$45,375,087
99$63,644,360$22,810,083$16,621,179$49,387,120
100$70,021,918$23,813,611$17,063,822$53,786,756