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%12.8%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,008,772
2 years$523,273$513,528$504,083$494,925$486,043$474,047
3 years$345,384$335,596$326,175$317,104$308,366$296,664
4 years$256,456$246,699$237,372$228,455$219,929$208,612
5 years$203,114$193,415$184,210$175,476$167,186$156,287
6 years$167,564$157,938$148,869$140,329$132,289$121,821
7 years$142,181$132,636$123,711$115,372$107,586$97,553
8 years$123,152$113,693$104,917$96,783$89,253$79,655
9 years$108,360$98,991$90,365$82,438$75,164$65,996
10 years$96,533$87,255$78,782$71,062$64,044$55,300
11 years$86,863$77,678$69,359$61,845$55,080$46,752
12 years$78,810$69,720$61,554$54,247$47,731$39,812
13 years$72,002$63,006$54,994$47,892$41,622$34,101
14 years$66,171$57,271$49,413$42,513$36,486$29,352
15 years$61,122$52,318$44,613$37,914$32,125$25,367
16 years$56,709$48,001$40,448$33,948$28,392$21,998
17 years$52,819$44,207$36,806$30,502$25,174$19,132
18 years$49,365$40,849$33,599$27,488$22,384$16,680
19 years$46,278$37,859$30,759$24,838$19,951$14,574
20 years$43,503$35,180$28,229$22,496$17,821$12,757
21 years$40,996$32,769$25,965$20,416$15,948$11,184
22 years$38,720$30,589$23,931$18,563$14,295$9,818
23 years$36,645$28,609$22,096$16,906$12,832$8,630
24 years$34,745$26,805$20,435$15,419$11,534$7,593
25 years$33,000$25,155$18,927$14,082$10,378$6,687
26 years$31,392$23,642$17,554$12,875$9,349$5,893
27 years$29,906$22,249$16,300$11,785$8,428$5,198
28 years$28,528$20,966$15,153$10,798$7,605$4,587
29 years$27,248$19,779$14,101$9,902$6,867$4,050
30 years$26,055$18,679$13,135$9,087$6,205$3,578
31 years$24,942$17,658$12,245$8,346$5,610$3,162
32 years$23,900$16,708$11,425$7,670$5,075$2,795
33 years$22,923$15,822$10,668$7,053$4,592$2,472
34 years$22,006$14,996$9,967$6,490$4,158$2,187
35 years$21,143$14,224$9,319$5,974$3,766$1,935
36 years$20,329$13,500$8,717$5,502$3,412$1,712
37 years$19,562$12,822$8,159$5,069$3,093$1,516
38 years$18,837$12,186$7,641$4,673$2,804$1,342
39 years$18,150$11,587$7,159$4,308$2,543$1,188
40 years$17,500$11,024$6,710$3,974$2,306$1,052
41 years$16,882$10,494$6,292$3,666$2,092$932
42 years$16,296$9,994$5,902$3,384$1,898$826
43 years$15,739$9,523$5,538$3,123$1,723$731
44 years$15,208$9,077$5,198$2,884$1,564$648
45 years$14,703$8,656$4,881$2,663$1,420$574
46 years$14,220$8,257$4,584$2,460$1,289$509
47 years$13,760$7,880$4,307$2,273$1,171$451
48 years$13,320$7,522$4,047$2,100$1,063$399
49 years$12,900$7,184$3,804$1,941$965$354
50 years$12,497$6,862$3,577$1,794$877$314

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 $3,825 every year, while hoping to spend $46,688 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: 41/43/16 Blend
79$12,800,000$12,800,000$12,800,000$12,800,000
80$14,109,545$13,431,145$13,232,745$14,621,259
81$15,499,043$14,039,596$13,626,367$15,592,265
82$17,028,705$14,676,296$14,031,610$16,637,711
83$18,712,779$15,342,580$14,448,814$17,768,248
84$20,566,963$16,039,847$14,878,330$18,991,660
85$22,608,556$16,769,562$15,320,517$20,316,483
86$24,856,621$17,533,263$15,775,746$21,752,084
87$27,332,161$18,332,557$16,244,398$23,308,741
88$30,058,321$19,169,132$16,726,865$24,997,738
89$33,060,605$20,044,755$17,223,551$26,831,461
90$36,367,116$20,961,278$17,734,870$28,823,514
91$40,008,824$21,920,642$18,261,249$30,988,834
92$44,019,851$22,924,881$18,803,129$33,343,829
93$48,437,803$23,976,127$19,360,960$35,906,527
94$53,304,115$25,076,613$19,935,209$38,696,733
95$58,664,449$26,228,682$20,526,353$41,736,215
96$64,569,122$27,434,786$21,134,884$45,048,893
97$71,073,580$28,697,498$21,761,310$48,661,064
98$78,238,922$30,019,513$22,406,151$52,601,637
99$86,132,478$31,403,655$23,069,943$56,902,394
100$94,828,442$32,852,885$23,753,238$61,598,285