Can I retire at age 80 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$991,378
2 years$527,361$517,540$508,021$498,792$489,840$452,684
3 years$348,082$338,218$328,723$319,581$310,775$274,917
4 years$258,460$248,626$239,226$230,240$221,647$187,361
5 years$204,701$194,926$185,649$176,846$168,493$135,868
6 years$168,873$159,172$150,032$141,425$133,322$102,384
7 years$143,292$133,672$124,678$116,274$108,427$79,166
8 years$124,114$114,582$105,736$97,539$89,951$62,343
9 years$109,207$99,764$91,071$83,082$75,751$49,759
10 years$97,287$87,937$79,398$71,617$64,544$40,122
11 years$87,542$78,285$69,900$62,328$55,510$32,607
12 years$79,426$70,265$62,035$54,670$48,104$26,664
13 years$72,564$63,499$55,424$48,266$41,947$21,912
14 years$66,688$57,718$49,799$42,845$36,771$18,077
15 years$61,600$52,727$44,962$38,210$32,376$14,962
16 years$57,152$48,376$40,764$34,213$28,614$12,415
17 years$53,231$44,552$37,094$30,740$25,371$10,325
18 years$49,750$41,168$33,862$27,703$22,559$8,601
19 years$46,639$38,154$30,999$25,032$20,107$7,175
20 years$43,843$35,455$28,449$22,671$17,960$5,993
21 years$41,316$33,025$26,168$20,576$16,072$5,011
22 years$39,022$30,828$24,118$18,708$14,407$4,193
23 years$36,931$28,832$22,268$17,038$12,932$3,511
24 years$35,017$27,014$20,595$15,539$11,624$2,942
25 years$33,258$25,351$19,075$14,192$10,460$2,466
26 years$31,638$23,826$17,691$12,976$9,422$2,068
27 years$30,140$22,423$16,427$11,877$8,494$1,735
28 years$28,751$21,129$15,271$10,882$7,665$1,456
29 years$27,461$19,933$14,211$9,979$6,921$1,222
30 years$26,259$18,825$13,237$9,158$6,254$1,026
31 years$25,136$17,796$12,341$8,411$5,654$861
32 years$24,086$16,838$11,514$7,730$5,114$723
33 years$23,102$15,946$10,751$7,108$4,628$607
34 years$22,178$15,113$10,045$6,540$4,190$510
35 years$21,308$14,335$9,391$6,021$3,795$428
36 years$20,488$13,606$8,785$5,545$3,439$360
37 years$19,715$12,922$8,223$5,109$3,117$302
38 years$18,984$12,281$7,700$4,709$2,826$254
39 years$18,292$11,678$7,214$4,342$2,562$213
40 years$17,636$11,111$6,762$4,005$2,324$179
41 years$17,014$10,576$6,341$3,695$2,109$151
42 years$16,424$10,072$5,948$3,410$1,913$127
43 years$15,862$9,597$5,581$3,148$1,736$106
44 years$15,327$9,148$5,239$2,907$1,576$89
45 years$14,817$8,723$4,919$2,684$1,431$75
46 years$14,332$8,322$4,620$2,479$1,299$63
47 years$13,868$7,941$4,341$2,291$1,180$53
48 years$13,424$7,581$4,079$2,117$1,071$45
49 years$13,001$7,240$3,834$1,956$973$37
50 years$12,595$6,916$3,605$1,808$884$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $12,900,000, adding $5,684 every year, while hoping to spend $22,954 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: 44/44/12 Blend
79$12,900,000$12,900,000$12,900,000$12,900,000
80$14,221,663$13,537,963$13,338,013$14,798,149
81$15,647,850$14,176,900$13,760,414$15,839,107
82$17,218,738$14,846,376$14,196,195$16,963,902
83$18,949,064$15,547,863$14,645,782$18,182,495
84$20,855,064$16,282,904$15,109,611$19,503,523
85$22,954,632$17,053,118$15,588,135$20,936,467
86$25,267,485$17,860,201$16,081,818$22,491,729
87$27,815,350$18,705,933$16,591,141$24,180,723
88$30,622,171$19,592,179$17,116,599$26,015,983
89$33,714,332$20,520,895$17,658,705$28,011,268
90$37,120,908$21,494,133$18,217,985$30,181,687
91$40,873,937$22,514,042$18,794,984$32,543,836
92$45,008,726$23,582,877$19,390,264$35,115,945
93$49,564,182$24,703,003$20,004,403$37,918,041
94$54,583,177$25,876,900$20,638,000$40,972,133
95$60,112,959$27,107,166$21,291,670$44,302,405
96$66,205,591$28,396,527$21,966,052$47,935,438
97$72,918,447$29,747,842$22,661,800$51,900,453
98$80,314,750$31,164,108$23,379,591$56,229,574
99$88,464,173$32,648,468$24,120,126$60,958,120
100$97,443,492$34,204,216$24,884,124$66,124,930