Can I retire at age 80 with 9,900,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$817,533$810,251$803,146$796,211$789,440$776,362
2 years$404,719$397,182$389,877$382,794$375,924$362,786
3 years$267,133$259,563$252,276$245,260$238,501$225,713
4 years$198,353$190,806$183,592$176,696$170,101$157,760
5 years$157,096$149,594$142,475$135,719$129,308$117,451
6 years$129,600$122,155$115,141$108,536$102,317$90,957
7 years$109,968$102,586$95,683$89,233$83,211$72,351
8 years$95,251$87,935$81,147$74,856$69,032$58,670
9 years$83,810$76,563$69,892$63,760$58,135$48,265
10 years$74,662$67,487$60,933$54,962$49,534$40,148
11 years$67,183$60,079$53,644$47,833$42,601$33,690
12 years$60,955$53,924$47,608$41,956$36,917$28,469
13 years$55,689$48,731$42,535$37,041$32,192$24,194
14 years$51,179$44,296$38,218$32,881$28,219$20,658
15 years$47,274$40,465$34,505$29,324$24,847$17,708
16 years$43,861$37,126$31,284$26,257$21,960$15,229
17 years$40,852$34,191$28,467$23,591$19,471$13,132
18 years$38,180$31,594$25,987$21,261$17,313$11,351
19 years$35,793$29,281$23,790$19,211$15,431$9,831
20 years$33,647$27,210$21,833$17,399$13,783$8,529
21 years$31,708$25,345$20,082$15,791$12,335$7,410
22 years$29,947$23,658$18,509$14,357$11,056$6,446
23 years$28,342$22,127$17,090$13,076$9,925$5,614
24 years$26,873$20,732$15,805$11,926$8,920$4,893
25 years$25,524$19,456$14,639$10,891$8,027$4,269
26 years$24,280$18,285$13,577$9,958$7,231$3,727
27 years$23,131$17,209$12,607$9,115$6,519$3,255
28 years$22,065$16,216$11,720$8,351$5,882$2,845
29 years$21,075$15,297$10,906$7,658$5,311$2,488
30 years$20,152$14,447$10,159$7,029$4,799$2,176
31 years$19,291$13,657$9,471$6,455$4,339$1,904
32 years$18,485$12,922$8,836$5,932$3,925$1,667
33 years$17,729$12,238$8,251$5,455$3,552$1,459
34 years$17,020$11,599$7,709$5,019$3,216$1,278
35 years$16,352$11,001$7,207$4,621$2,913$1,119
36 years$15,723$10,442$6,742$4,255$2,639$981
37 years$15,130$9,917$6,311$3,921$2,392$859
38 years$14,569$9,425$5,910$3,614$2,169$753
39 years$14,038$8,962$5,537$3,332$1,966$660
40 years$13,535$8,527$5,190$3,074$1,784$579
41 years$13,058$8,117$4,866$2,836$1,618$507
42 years$12,604$7,730$4,565$2,617$1,468$445
43 years$12,173$7,365$4,283$2,416$1,333$390
44 years$11,763$7,020$4,021$2,231$1,210$342
45 years$11,372$6,695$3,775$2,060$1,098$300
46 years$10,999$6,386$3,546$1,903$997$263
47 years$10,643$6,095$3,331$1,758$905$230
48 years$10,302$5,818$3,130$1,624$822$202
49 years$9,977$5,556$2,942$1,501$747$177
50 years$9,666$5,307$2,766$1,388$678$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $9,900,000, adding $4,755 every year, while hoping to spend $21,864 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: 37/34/29 Blend