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

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 $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%13.9%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$996,349
2 years$519,185$509,516$500,145$491,059$482,246$465,801
3 years$342,685$332,974$323,627$314,626$305,956$289,946
4 years$254,453$244,771$235,517$226,670$218,211$202,758
5 years$201,527$191,904$182,771$174,105$165,880$151,030
6 years$166,255$156,704$147,706$139,233$131,255$117,025
7 years$141,070$131,600$122,745$114,471$106,746$93,139
8 years$122,190$112,805$104,097$96,027$88,556$75,570
9 years$107,513$98,217$89,659$81,794$74,577$62,206
10 years$95,779$86,574$78,167$70,507$63,543$51,776
11 years$86,184$77,071$68,817$61,362$54,649$43,474
12 years$78,195$69,175$61,073$53,823$47,358$36,760
13 years$71,439$62,514$54,565$47,517$41,297$31,262
14 years$65,654$56,824$49,027$42,181$36,201$26,711
15 years$60,645$51,909$44,264$37,618$31,874$22,912
16 years$56,266$47,626$40,132$33,683$28,170$19,718
17 years$52,406$43,862$36,519$30,264$24,978$17,016
18 years$48,979$40,530$33,337$27,274$22,209$14,718
19 years$45,916$37,563$30,518$24,644$19,795$12,757
20 years$43,163$34,905$28,008$22,320$17,682$11,076
21 years$40,676$32,513$25,762$20,257$15,823$9,630
22 years$38,417$30,350$23,744$18,418$14,183$8,384
23 years$36,358$28,385$21,923$16,774$12,732$7,306
24 years$34,474$26,595$20,275$15,299$11,443$6,374
25 years$32,743$24,958$18,779$13,972$10,297$5,565
26 years$31,147$23,457$17,417$12,775$9,276$4,862
27 years$29,672$22,076$16,173$11,693$8,363$4,250
28 years$28,306$20,802$15,035$10,713$7,546$3,718
29 years$27,035$19,624$13,991$9,824$6,814$3,253
30 years$25,852$18,533$13,032$9,016$6,157$2,848
31 years$24,747$17,520$12,150$8,281$5,566$2,494
32 years$23,713$16,577$11,336$7,610$5,035$2,185
33 years$22,744$15,699$10,584$6,998$4,557$1,915
34 years$21,834$14,879$9,889$6,439$4,126$1,678
35 years$20,977$14,112$9,246$5,927$3,737$1,471
36 years$20,171$13,395$8,649$5,459$3,386$1,290
37 years$19,409$12,722$8,095$5,030$3,068$1,131
38 years$18,689$12,090$7,581$4,636$2,782$992
39 years$18,008$11,497$7,103$4,275$2,523$870
40 years$17,363$10,938$6,657$3,943$2,288$764
41 years$16,751$10,412$6,242$3,638$2,076$670
42 years$16,169$9,916$5,856$3,357$1,884$588
43 years$15,616$9,448$5,495$3,099$1,710$516
44 years$15,089$9,006$5,158$2,861$1,552$453
45 years$14,588$8,588$4,843$2,643$1,409$397
46 years$14,109$8,193$4,549$2,441$1,279$349
47 years$13,653$7,818$4,273$2,255$1,161$306
48 years$13,216$7,464$4,016$2,084$1,055$269
49 years$12,799$7,127$3,775$1,926$958$236
50 years$12,400$6,808$3,549$1,780$870$207

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 $6,716 every year, while hoping to spend $37,163 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: 67/11/22 Blend
79$12,700,000$12,700,000$12,700,000$12,700,000
80$14,002,328$13,329,228$13,132,378$14,861,885
81$15,391,024$13,942,819$13,532,771$16,052,823
82$16,920,122$14,585,230$13,945,332$17,349,850
83$18,603,902$15,257,835$14,370,429$18,767,423
84$20,458,104$15,962,072$14,808,442$20,317,415
85$22,500,067$16,699,450$15,259,761$22,012,891
86$24,748,900$17,471,549$15,724,789$23,868,235
87$27,225,659$18,280,027$16,203,942$25,899,278
88$29,953,548$19,126,619$16,697,645$28,123,451
89$32,958,134$20,013,148$17,206,340$30,559,941
90$36,267,591$20,941,520$17,730,480$33,229,874
91$39,912,966$21,913,735$18,270,532$36,156,509
92$43,928,471$22,931,891$18,826,978$39,365,459
93$48,351,806$23,998,184$19,400,312$42,884,925
94$53,224,514$25,114,918$19,991,046$46,745,961
95$58,592,374$26,284,509$20,599,705$50,982,768
96$64,505,833$27,509,487$21,226,832$55,633,007
97$71,020,481$28,792,505$21,872,984$60,738,157
98$78,197,577$30,136,345$22,538,737$66,343,898
99$86,104,628$31,543,923$23,224,682$72,500,544
100$94,816,020$33,018,296$23,931,429$79,263,511