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%16.1%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$995,207
2 years$523,273$513,528$504,083$494,925$486,043$460,531
3 years$345,384$335,596$326,175$317,104$308,366$283,622
4 years$256,456$246,699$237,372$228,455$219,929$196,144
5 years$203,114$193,415$184,210$175,476$167,186$144,427
6 years$167,564$157,938$148,869$140,329$132,289$110,577
7 years$142,181$132,636$123,711$115,372$107,586$86,924
8 years$123,152$113,693$104,917$96,783$89,253$69,631
9 years$108,360$98,991$90,365$82,438$75,164$56,566
10 years$96,533$87,255$78,782$71,062$64,044$46,448
11 years$86,863$77,678$69,359$61,845$55,080$38,461
12 years$78,810$69,720$61,554$54,247$47,731$32,060
13 years$72,002$63,006$54,994$47,892$41,622$26,869
14 years$66,171$57,271$49,413$42,513$36,486$22,617
15 years$61,122$52,318$44,613$37,914$32,125$19,107
16 years$56,709$48,001$40,448$33,948$28,392$16,189
17 years$52,819$44,207$36,806$30,502$25,174$13,752
18 years$49,365$40,849$33,599$27,488$22,384$11,705
19 years$46,278$37,859$30,759$24,838$19,951$9,981
20 years$43,503$35,180$28,229$22,496$17,821$8,523
21 years$40,996$32,769$25,965$20,416$15,948$7,288
22 years$38,720$30,589$23,931$18,563$14,295$6,238
23 years$36,645$28,609$22,096$16,906$12,832$5,344
24 years$34,745$26,805$20,435$15,419$11,534$4,582
25 years$33,000$25,155$18,927$14,082$10,378$3,931
26 years$31,392$23,642$17,554$12,875$9,349$3,374
27 years$29,906$22,249$16,300$11,785$8,428$2,898
28 years$28,528$20,966$15,153$10,798$7,605$2,490
29 years$27,248$19,779$14,101$9,902$6,867$2,140
30 years$26,055$18,679$13,135$9,087$6,205$1,840
31 years$24,942$17,658$12,245$8,346$5,610$1,582
32 years$23,900$16,708$11,425$7,670$5,075$1,361
33 years$22,923$15,822$10,668$7,053$4,592$1,171
34 years$22,006$14,996$9,967$6,490$4,158$1,007
35 years$21,143$14,224$9,319$5,974$3,766$867
36 years$20,329$13,500$8,717$5,502$3,412$746
37 years$19,562$12,822$8,159$5,069$3,093$642
38 years$18,837$12,186$7,641$4,673$2,804$553
39 years$18,150$11,587$7,159$4,308$2,543$476
40 years$17,500$11,024$6,710$3,974$2,306$410
41 years$16,882$10,494$6,292$3,666$2,092$353
42 years$16,296$9,994$5,902$3,384$1,898$304
43 years$15,739$9,523$5,538$3,123$1,723$262
44 years$15,208$9,077$5,198$2,884$1,564$225
45 years$14,703$8,656$4,881$2,663$1,420$194
46 years$14,220$8,257$4,584$2,460$1,289$167
47 years$13,760$7,880$4,307$2,273$1,171$144
48 years$13,320$7,522$4,047$2,100$1,063$124
49 years$12,900$7,184$3,804$1,941$965$107
50 years$12,497$6,862$3,577$1,794$877$92

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 $2,553 every year, while hoping to spend $53,618 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: 35/39/26 Blend
79$12,800,000$12,800,000$12,800,000$12,800,000
80$14,108,233$13,429,833$13,231,433$14,491,076
81$15,490,224$14,030,846$13,617,637$15,377,558
82$17,011,381$14,659,511$14,014,982$16,328,346
83$18,685,842$15,317,128$14,423,784$17,353,190
84$20,529,186$16,005,055$14,844,369$18,458,742
85$22,558,579$16,724,719$15,277,071$19,652,297
86$24,792,935$17,477,611$15,722,234$20,941,854
87$27,253,097$18,265,297$16,180,212$22,336,185
88$29,962,032$19,089,415$16,651,368$23,844,918
89$32,945,044$19,951,682$17,136,074$25,478,615
90$36,230,021$20,853,897$17,634,715$27,248,872
91$39,847,690$21,797,945$18,147,685$29,168,417
92$43,831,911$22,785,800$18,675,389$31,251,228
93$48,219,995$23,819,533$19,218,243$33,512,653
94$53,053,056$24,901,312$19,776,675$35,969,553
95$58,376,399$26,033,408$20,351,126$38,640,450
96$64,239,950$27,218,203$20,942,047$41,545,695
97$70,698,721$28,458,191$21,549,901$44,707,653
98$77,813,335$29,755,987$22,175,168$48,150,904
99$85,650,595$31,114,330$22,818,336$51,902,466
100$94,284,116$32,536,092$23,479,910$55,992,043