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%15.8%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,004,204
2 years$527,361$517,540$508,021$498,792$489,840$465,340
3 years$348,082$338,218$328,723$319,581$310,775$287,000
4 years$258,460$248,626$239,226$230,240$221,647$198,781
5 years$204,701$194,926$185,649$176,846$168,493$146,599
6 years$168,873$159,172$150,032$141,425$133,322$112,424
7 years$143,292$133,672$124,678$116,274$108,427$88,526
8 years$124,114$114,582$105,736$97,539$89,951$71,039
9 years$109,207$99,764$91,071$83,082$75,751$57,815
10 years$97,287$87,937$79,398$71,617$64,544$47,562
11 years$87,542$78,285$69,900$62,328$55,510$39,458
12 years$79,426$70,265$62,035$54,670$48,104$32,956
13 years$72,564$63,499$55,424$48,266$41,947$27,675
14 years$66,688$57,718$49,799$42,845$36,771$23,344
15 years$61,600$52,727$44,962$38,210$32,376$19,762
16 years$57,152$48,376$40,764$34,213$28,614$16,780
17 years$53,231$44,552$37,094$30,740$25,371$14,285
18 years$49,750$41,168$33,862$27,703$22,559$12,186
19 years$46,639$38,154$30,999$25,032$20,107$10,414
20 years$43,843$35,455$28,449$22,671$17,960$8,913
21 years$41,316$33,025$26,168$20,576$16,072$7,639
22 years$39,022$30,828$24,118$18,708$14,407$6,553
23 years$36,931$28,832$22,268$17,038$12,932$5,628
24 years$35,017$27,014$20,595$15,539$11,624$4,836
25 years$33,258$25,351$19,075$14,192$10,460$4,159
26 years$31,638$23,826$17,691$12,976$9,422$3,579
27 years$30,140$22,423$16,427$11,877$8,494$3,081
28 years$28,751$21,129$15,271$10,882$7,665$2,654
29 years$27,461$19,933$14,211$9,979$6,921$2,286
30 years$26,259$18,825$13,237$9,158$6,254$1,971
31 years$25,136$17,796$12,341$8,411$5,654$1,699
32 years$24,086$16,838$11,514$7,730$5,114$1,465
33 years$23,102$15,946$10,751$7,108$4,628$1,263
34 years$22,178$15,113$10,045$6,540$4,190$1,090
35 years$21,308$14,335$9,391$6,021$3,795$940
36 years$20,488$13,606$8,785$5,545$3,439$811
37 years$19,715$12,922$8,223$5,109$3,117$700
38 years$18,984$12,281$7,700$4,709$2,826$604
39 years$18,292$11,678$7,214$4,342$2,562$522
40 years$17,636$11,111$6,762$4,005$2,324$450
41 years$17,014$10,576$6,341$3,695$2,109$389
42 years$16,424$10,072$5,948$3,410$1,913$335
43 years$15,862$9,597$5,581$3,148$1,736$290
44 years$15,327$9,148$5,239$2,907$1,576$250
45 years$14,817$8,723$4,919$2,684$1,431$216
46 years$14,332$8,322$4,620$2,479$1,299$186
47 years$13,868$7,941$4,341$2,291$1,180$161
48 years$13,424$7,581$4,079$2,117$1,071$139
49 years$13,001$7,240$3,834$1,956$973$120
50 years$12,595$6,916$3,605$1,808$884$104

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 $6,163 every year, while hoping to spend $47,193 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: 33/49/18 Blend
79$12,900,000$12,900,000$12,900,000$12,900,000
80$14,222,157$13,538,457$13,338,507$14,611,890
81$15,622,604$14,151,629$13,735,134$15,513,740
82$17,164,315$14,793,264$14,143,466$16,480,269
83$18,861,649$15,464,707$14,563,846$17,520,957
84$20,730,428$16,167,369$14,996,626$18,642,350
85$22,788,087$16,902,725$15,442,168$19,851,613
86$25,053,836$17,672,323$15,900,845$21,156,598
87$27,548,844$18,477,784$16,373,040$22,565,908
88$30,296,438$19,320,807$16,859,149$24,088,973
89$33,322,322$20,203,174$17,359,578$25,736,130
90$36,654,819$21,126,749$17,874,743$27,518,718
91$40,325,139$22,093,488$18,405,076$29,449,172
92$44,367,675$23,105,441$18,951,018$31,541,133
93$48,820,325$24,164,755$19,513,024$33,809,573
94$53,724,850$25,273,680$20,091,562$36,270,923
95$59,127,270$26,434,575$20,687,115$38,943,221
96$65,078,295$27,649,913$21,300,177$41,846,269
97$71,633,806$28,922,283$21,931,257$45,001,818
98$78,855,381$30,254,402$22,580,881$48,433,753
99$86,810,876$31,649,115$23,249,588$52,168,315
100$95,575,068$33,109,404$23,937,932$56,234,333