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%16.3%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$986,633
2 years$519,185$509,516$500,145$491,059$482,246$456,141
3 years$342,685$332,974$323,627$314,626$305,956$280,647
4 years$254,453$244,771$235,517$226,670$218,211$193,891
5 years$201,527$191,904$182,771$174,105$165,880$142,617
6 years$166,255$156,704$147,706$139,233$131,255$109,072
7 years$141,070$131,600$122,745$114,471$106,746$85,644
8 years$122,190$112,805$104,097$96,027$88,556$68,526
9 years$107,513$98,217$89,659$81,794$74,577$55,601
10 years$95,779$86,574$78,167$70,507$63,543$45,599
11 years$86,184$77,071$68,817$61,362$54,649$37,709
12 years$78,195$69,175$61,073$53,823$47,358$31,393
13 years$71,439$62,514$54,565$47,517$41,297$26,274
14 years$65,654$56,824$49,027$42,181$36,201$22,086
15 years$60,645$51,909$44,264$37,618$31,874$18,632
16 years$56,266$47,626$40,132$33,683$28,170$15,764
17 years$52,406$43,862$36,519$30,264$24,978$13,371
18 years$48,979$40,530$33,337$27,274$22,209$11,365
19 years$45,916$37,563$30,518$24,644$19,795$9,676
20 years$43,163$34,905$28,008$22,320$17,682$8,250
21 years$40,676$32,513$25,762$20,257$15,823$7,043
22 years$38,417$30,350$23,744$18,418$14,183$6,019
23 years$36,358$28,385$21,923$16,774$12,732$5,149
24 years$34,474$26,595$20,275$15,299$11,443$4,407
25 years$32,743$24,958$18,779$13,972$10,297$3,775
26 years$31,147$23,457$17,417$12,775$9,276$3,235
27 years$29,672$22,076$16,173$11,693$8,363$2,774
28 years$28,306$20,802$15,035$10,713$7,546$2,380
29 years$27,035$19,624$13,991$9,824$6,814$2,042
30 years$25,852$18,533$13,032$9,016$6,157$1,753
31 years$24,747$17,520$12,150$8,281$5,566$1,505
32 years$23,713$16,577$11,336$7,610$5,035$1,292
33 years$22,744$15,699$10,584$6,998$4,557$1,110
34 years$21,834$14,879$9,889$6,439$4,126$953
35 years$20,977$14,112$9,246$5,927$3,737$819
36 years$20,171$13,395$8,649$5,459$3,386$704
37 years$19,409$12,722$8,095$5,030$3,068$605
38 years$18,689$12,090$7,581$4,636$2,782$520
39 years$18,008$11,497$7,103$4,275$2,523$447
40 years$17,363$10,938$6,657$3,943$2,288$384
41 years$16,751$10,412$6,242$3,638$2,076$330
42 years$16,169$9,916$5,856$3,357$1,884$284
43 years$15,616$9,448$5,495$3,099$1,710$244
44 years$15,089$9,006$5,158$2,861$1,552$210
45 years$14,588$8,588$4,843$2,643$1,409$180
46 years$14,109$8,193$4,549$2,441$1,279$155
47 years$13,653$7,818$4,273$2,255$1,161$133
48 years$13,216$7,464$4,016$2,084$1,055$115
49 years$12,799$7,127$3,775$1,926$958$98
50 years$12,400$6,808$3,549$1,780$870$85

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 $5,646 every year, while hoping to spend $22,129 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: 50/38/12 Blend
79$12,700,000$12,700,000$12,700,000$12,700,000
80$14,001,224$13,328,124$13,131,274$14,655,643
81$15,405,804$13,957,657$13,547,626$15,734,309
82$16,952,909$14,617,295$13,977,185$16,903,038
83$18,657,054$15,308,491$14,420,369$18,172,566
84$20,534,232$16,032,766$14,877,611$19,552,367
85$22,602,069$16,791,717$15,349,356$21,052,844
86$24,879,986$17,587,016$15,836,064$22,685,422
87$27,389,383$18,420,419$16,338,212$24,462,651
88$30,153,847$19,293,766$16,856,288$26,398,322
89$33,199,364$20,208,985$17,390,798$28,507,584
90$36,554,573$21,168,099$17,942,264$30,807,089
91$40,251,033$22,173,230$18,511,223$33,315,138
92$44,323,520$23,226,600$19,098,232$36,051,848
93$48,810,358$24,330,543$19,703,861$39,039,337
94$53,753,777$25,487,502$20,328,704$42,301,920
95$59,200,316$26,700,043$20,973,368$45,866,339
96$65,201,256$27,970,853$21,638,484$49,761,999
97$71,813,111$29,302,751$22,324,700$54,021,244
98$79,098,157$30,698,695$23,032,686$58,679,650
99$87,125,021$32,161,783$23,763,133$63,776,351
100$95,969,329$33,695,267$24,516,755$69,354,401