Can I retire at age 80 with 12,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,700,000?

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$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,000,061
2 years$519,185$509,516$500,145$491,059$482,246$469,512
3 years$342,685$332,974$323,627$314,626$305,956$293,540
4 years$254,453$244,771$235,517$226,670$218,211$206,207
5 years$201,527$191,904$182,771$174,105$165,880$154,324
6 years$166,255$156,704$147,706$139,233$131,255$120,161
7 years$141,070$131,600$122,745$114,471$106,746$96,117
8 years$122,190$112,805$104,097$96,027$88,556$78,391
9 years$107,513$98,217$89,659$81,794$74,577$64,873
10 years$95,779$86,574$78,167$70,507$63,543$54,293
11 years$86,184$77,071$68,817$61,362$54,649$45,844
12 years$78,195$69,175$61,073$53,823$47,358$38,988
13 years$71,439$62,514$54,565$47,517$41,297$33,352
14 years$65,654$56,824$49,027$42,181$36,201$28,669
15 years$60,645$51,909$44,264$37,618$31,874$24,743
16 years$56,266$47,626$40,132$33,683$28,170$21,428
17 years$52,406$43,862$36,519$30,264$24,978$18,610
18 years$48,979$40,530$33,337$27,274$22,209$16,202
19 years$45,916$37,563$30,518$24,644$19,795$14,135
20 years$43,163$34,905$28,008$22,320$17,682$12,355
21 years$40,676$32,513$25,762$20,257$15,823$10,815
22 years$38,417$30,350$23,744$18,418$14,183$9,480
23 years$36,358$28,385$21,923$16,774$12,732$8,320
24 years$34,474$26,595$20,275$15,299$11,443$7,309
25 years$32,743$24,958$18,779$13,972$10,297$6,426
26 years$31,147$23,457$17,417$12,775$9,276$5,655
27 years$29,672$22,076$16,173$11,693$8,363$4,979
28 years$28,306$20,802$15,035$10,713$7,546$4,387
29 years$27,035$19,624$13,991$9,824$6,814$3,867
30 years$25,852$18,533$13,032$9,016$6,157$3,411
31 years$24,747$17,520$12,150$8,281$5,566$3,009
32 years$23,713$16,577$11,336$7,610$5,035$2,656
33 years$22,744$15,699$10,584$6,998$4,557$2,345
34 years$21,834$14,879$9,889$6,439$4,126$2,071
35 years$20,977$14,112$9,246$5,927$3,737$1,829
36 years$20,171$13,395$8,649$5,459$3,386$1,616
37 years$19,409$12,722$8,095$5,030$3,068$1,428
38 years$18,689$12,090$7,581$4,636$2,782$1,262
39 years$18,008$11,497$7,103$4,275$2,523$1,116
40 years$17,363$10,938$6,657$3,943$2,288$987
41 years$16,751$10,412$6,242$3,638$2,076$872
42 years$16,169$9,916$5,856$3,357$1,884$771
43 years$15,616$9,448$5,495$3,099$1,710$682
44 years$15,089$9,006$5,158$2,861$1,552$603
45 years$14,588$8,588$4,843$2,643$1,409$534
46 years$14,109$8,193$4,549$2,441$1,279$472
47 years$13,653$7,818$4,273$2,255$1,161$418
48 years$13,216$7,464$4,016$2,084$1,055$369
49 years$12,799$7,127$3,775$1,926$958$327
50 years$12,400$6,808$3,549$1,780$870$289

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,700,000, adding $5,735 every year, while hoping to spend $43,057 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: 59/30/11 Blend
79$12,700,000$12,700,000$12,700,000$12,700,000
80$14,001,316$13,328,216$13,131,366$14,790,139
81$15,383,638$13,935,486$13,525,454$15,928,871
82$16,905,513$14,571,069$13,931,301$17,164,635
83$18,581,132$15,236,308$14,349,256$18,511,071
84$20,426,128$15,932,607$14,779,677$19,978,829
85$22,457,729$16,661,442$15,222,933$21,579,616
86$24,694,921$17,424,356$15,679,404$23,326,305
87$27,158,621$18,222,967$16,149,482$25,233,049
88$29,871,880$19,058,972$16,633,570$27,315,417
89$32,860,098$19,934,149$17,132,081$29,590,529
90$36,151,266$20,850,359$17,645,443$32,077,218
91$39,776,224$21,809,557$18,174,095$34,796,203
92$43,768,961$22,813,787$18,718,489$37,770,276
93$48,166,927$23,865,194$19,279,090$41,024,515
94$53,011,392$24,966,027$19,856,378$44,586,514
95$58,347,832$26,118,641$20,450,845$48,486,640
96$64,226,362$27,325,505$21,062,999$52,758,311
97$70,702,204$28,589,207$21,693,362$57,438,304
98$77,836,211$29,912,461$22,342,472$62,567,101
99$85,695,442$31,298,109$23,010,883$68,189,260
100$94,353,793$32,749,132$23,699,163$74,353,829