Can I retire at age 80 with 13,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $13,800,000?

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$1,139,591$1,129,440$1,119,537$1,109,870$1,100,431$1,087,582
2 years$564,154$553,647$543,464$533,591$524,015$511,082
3 years$372,367$361,815$351,657$341,877$332,457$319,841
4 years$276,492$265,972$255,917$246,303$237,111$224,910
5 years$218,982$208,525$198,602$189,185$180,248$168,497
6 years$180,655$170,277$160,500$151,292$142,624$131,338
7 years$153,289$142,998$133,376$124,386$115,992$105,175
8 years$132,774$122,576$113,113$104,344$96,226$85,878
9 years$116,826$106,724$97,425$88,878$81,036$71,152
10 years$104,075$94,072$84,937$76,614$69,047$59,620
11 years$93,649$83,747$74,777$66,677$59,383$50,405
12 years$84,967$75,167$66,363$58,485$51,460$42,922
13 years$77,627$67,929$59,291$51,633$44,874$36,765
14 years$71,341$61,745$53,273$45,834$39,336$31,645
15 years$65,897$56,405$48,098$40,876$34,635$27,348
16 years$61,139$51,751$43,608$36,600$30,610$23,716
17 years$56,945$47,661$39,682$32,885$27,141$20,626
18 years$53,221$44,041$36,224$29,636$24,133$17,983
19 years$49,893$40,816$33,162$26,779$21,510$15,712
20 years$46,902$37,929$30,434$24,253$19,213$13,753
21 years$44,199$35,329$27,994$22,011$17,194$12,057
22 years$41,745$32,978$25,800$20,013$15,412$10,585
23 years$39,507$30,844$23,822$18,226$13,834$9,304
24 years$37,460$28,899$22,031$16,624$12,435$8,186
25 years$35,579$27,120$20,405$15,182$11,189$7,209
26 years$33,845$25,489$18,925$13,881$10,079$6,354
27 years$32,243$23,988$17,574$12,706$9,087$5,604
28 years$30,757$22,603$16,337$11,641$8,199$4,945
29 years$29,377$21,324$15,203$10,675$7,404$4,366
30 years$28,091$20,138$14,161$9,797$6,690$3,857
31 years$26,890$19,037$13,202$8,998$6,048$3,409
32 years$25,767$18,013$12,318$8,269$5,471$3,014
33 years$24,714$17,059$11,501$7,604$4,951$2,665
34 years$23,725$16,168$10,746$6,997$4,483$2,358
35 years$22,794$15,335$10,047$6,441$4,060$2,086
36 years$21,918$14,555$9,398$5,932$3,679$1,846
37 years$21,090$13,824$8,797$5,465$3,334$1,634
38 years$20,308$13,138$8,238$5,038$3,023$1,447
39 years$19,568$12,493$7,718$4,645$2,741$1,281
40 years$18,867$11,886$7,234$4,284$2,486$1,135
41 years$18,201$11,314$6,783$3,953$2,256$1,005
42 years$17,569$10,775$6,363$3,648$2,047$890
43 years$16,968$10,266$5,971$3,367$1,858$789
44 years$16,396$9,786$5,604$3,109$1,686$699
45 years$15,851$9,332$5,262$2,872$1,531$619
46 years$15,331$8,902$4,943$2,652$1,390$548
47 years$14,835$8,496$4,643$2,451$1,262$486
48 years$14,361$8,110$4,364$2,264$1,146$431
49 years$13,908$7,745$4,101$2,093$1,041$382
50 years$13,474$7,398$3,856$1,934$945$338

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $13,800,000, adding $6,187 every year, while hoping to spend $58,945 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: 44/46/10 Blend
79$13,800,000$13,800,000$13,800,000$13,800,000
80$15,213,982$14,482,582$14,268,682$15,839,597
81$16,703,091$15,129,511$14,683,966$16,921,616
82$18,342,114$15,806,165$15,111,186$18,087,150
83$20,146,279$16,513,936$15,550,680$19,349,048
84$22,132,367$17,254,287$16,002,796$20,716,186
85$24,318,868$18,028,746$16,467,889$22,198,305
86$26,726,155$18,838,918$16,946,326$23,806,095
87$29,376,679$19,686,481$17,438,483$25,551,292
88$32,295,176$20,573,194$17,944,749$27,446,779
89$35,508,906$21,500,902$18,465,520$29,506,703
90$39,047,904$22,471,536$19,001,204$31,746,605
91$42,945,268$23,487,120$19,552,223$34,183,551
92$47,237,469$24,549,773$20,119,006$36,836,294
93$51,964,696$25,661,717$20,701,998$39,725,438
94$57,171,234$26,825,280$21,301,654$42,873,627
95$62,905,883$28,042,901$21,918,442$46,305,748
96$69,222,415$29,317,135$22,552,842$50,049,159
97$76,180,088$30,650,662$23,205,349$54,133,935
98$83,844,199$32,046,286$23,876,470$58,593,143
99$92,286,702$33,506,949$24,566,726$63,463,147
100$101,586,888$35,035,731$25,276,654$68,783,935