Can I retire at age 80 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,014,257
2 years$523,273$513,528$504,083$494,925$486,043$479,554
3 years$345,384$335,596$326,175$317,104$308,366$302,022
4 years$256,456$246,699$237,372$228,455$219,929$213,779
5 years$203,114$193,415$184,210$175,476$167,186$161,248
6 years$167,564$157,938$148,869$140,329$132,289$126,570
7 years$142,181$132,636$123,711$115,372$107,586$102,090
8 years$123,152$113,693$104,917$96,783$89,253$83,980
9 years$108,360$98,991$90,365$82,438$75,164$70,112
10 years$96,533$87,255$78,782$71,062$64,044$59,210
11 years$86,863$77,678$69,359$61,845$55,080$50,461
12 years$78,810$69,720$61,554$54,247$47,731$43,323
13 years$72,002$63,006$54,994$47,892$41,622$37,421
14 years$66,171$57,271$49,413$42,513$36,486$32,487
15 years$61,122$52,318$44,613$37,914$32,125$28,322
16 years$56,709$48,001$40,448$33,948$28,392$24,781
17 years$52,819$44,207$36,806$30,502$25,174$21,748
18 years$49,365$40,849$33,599$27,488$22,384$19,137
19 years$46,278$37,859$30,759$24,838$19,951$16,878
20 years$43,503$35,180$28,229$22,496$17,821$14,914
21 years$40,996$32,769$25,965$20,416$15,948$13,202
22 years$38,720$30,589$23,931$18,563$14,295$11,704
23 years$36,645$28,609$22,096$16,906$12,832$10,389
24 years$34,745$26,805$20,435$15,419$11,534$9,233
25 years$33,000$25,155$18,927$14,082$10,378$8,213
26 years$31,392$23,642$17,554$12,875$9,349$7,313
27 years$29,906$22,249$16,300$11,785$8,428$6,517
28 years$28,528$20,966$15,153$10,798$7,605$5,811
29 years$27,248$19,779$14,101$9,902$6,867$5,185
30 years$26,055$18,679$13,135$9,087$6,205$4,629
31 years$24,942$17,658$12,245$8,346$5,610$4,135
32 years$23,900$16,708$11,425$7,670$5,075$3,695
33 years$22,923$15,822$10,668$7,053$4,592$3,303
34 years$22,006$14,996$9,967$6,490$4,158$2,954
35 years$21,143$14,224$9,319$5,974$3,766$2,642
36 years$20,329$13,500$8,717$5,502$3,412$2,364
37 years$19,562$12,822$8,159$5,069$3,093$2,116
38 years$18,837$12,186$7,641$4,673$2,804$1,894
39 years$18,150$11,587$7,159$4,308$2,543$1,696
40 years$17,500$11,024$6,710$3,974$2,306$1,519
41 years$16,882$10,494$6,292$3,666$2,092$1,360
42 years$16,296$9,994$5,902$3,384$1,898$1,218
43 years$15,739$9,523$5,538$3,123$1,723$1,092
44 years$15,208$9,077$5,198$2,884$1,564$978
45 years$14,703$8,656$4,881$2,663$1,420$876
46 years$14,220$8,257$4,584$2,460$1,289$785
47 years$13,760$7,880$4,307$2,273$1,171$704
48 years$13,320$7,522$4,047$2,100$1,063$631
49 years$12,900$7,184$3,804$1,941$965$566
50 years$12,497$6,862$3,577$1,794$877$507

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,800,000, adding $5,707 every year, while hoping to spend $21,274 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: 42/33/25 Blend
79$12,800,000$12,800,000$12,800,000$12,800,000
80$14,111,487$13,433,087$13,234,687$14,600,608
81$15,528,223$14,068,673$13,655,413$15,586,978
82$17,088,753$14,734,689$14,089,521$16,652,019
83$18,807,722$15,432,605$14,537,436$17,805,004
84$20,701,268$16,163,960$14,999,598$19,054,048
85$22,787,172$16,930,369$15,476,460$20,408,058
86$25,085,031$17,733,525$15,968,489$21,876,810
87$27,616,439$18,575,203$16,476,168$23,471,038
88$30,405,193$19,457,264$16,999,996$25,202,530
89$33,477,513$20,381,661$17,540,487$27,084,229
90$36,862,296$21,350,439$18,098,169$29,130,357
91$40,591,384$22,365,744$18,673,592$31,356,535
92$44,699,867$23,429,827$19,267,319$33,779,929
93$49,226,412$24,545,048$19,879,933$36,419,402
94$54,213,630$25,713,880$20,512,035$39,295,690
95$59,708,478$26,938,917$21,164,246$42,431,583
96$65,762,699$28,222,880$21,837,205$45,852,139
97$72,433,316$29,568,623$22,531,572$49,584,906
98$79,783,164$30,979,135$23,248,030$53,660,181
99$87,881,489$32,457,555$23,987,281$58,111,279
100$96,804,597$34,007,171$24,750,051$62,974,846