Can I retire at age 80 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,079,421
2 years$568,242$557,659$547,403$537,458$527,812$498,808
3 years$375,065$364,436$354,206$344,355$334,866$306,750
4 years$278,495$267,899$257,771$248,088$238,829$211,817
5 years$220,569$210,036$200,041$190,555$181,554$155,722
6 years$181,964$171,510$161,663$152,389$143,658$119,029
7 years$154,399$144,034$134,343$125,287$116,832$93,410
8 years$133,736$123,464$113,933$105,100$96,923$74,696
9 years$117,672$107,498$98,131$89,522$81,624$60,571
10 years$104,829$94,754$85,552$77,169$69,547$49,643
11 years$94,328$84,354$75,319$67,160$59,813$41,028
12 years$85,583$75,711$66,844$58,908$51,833$34,133
13 years$78,190$68,421$59,720$52,007$45,199$28,548
14 years$71,858$62,193$53,659$46,166$39,621$23,981
15 years$66,375$56,814$48,447$41,172$34,886$20,216
16 years$61,582$52,126$43,924$36,865$30,832$17,093
17 years$57,358$48,006$39,969$33,123$27,338$14,488
18 years$53,607$44,360$36,487$29,851$24,308$12,305
19 years$50,255$41,112$33,402$26,973$21,666$10,468
20 years$47,242$38,203$30,655$24,429$19,352$8,919
21 years$44,519$35,585$28,196$22,171$17,318$7,608
22 years$42,047$33,217$25,987$20,158$15,523$6,497
23 years$39,794$31,067$23,995$18,359$13,935$5,553
24 years$37,731$29,108$22,191$16,744$12,525$4,750
25 years$35,836$27,317$20,553$15,292$11,270$4,065
26 years$34,090$25,673$19,062$13,982$10,152$3,481
27 years$32,476$24,161$17,701$12,798$9,153$2,982
28 years$30,980$22,767$16,455$11,726$8,259$2,556
29 years$29,590$21,478$15,313$10,753$7,457$2,192
30 years$28,294$20,284$14,264$9,868$6,738$1,879
31 years$27,085$19,175$13,297$9,063$6,092$1,612
32 years$25,954$18,144$12,407$8,329$5,511$1,383
33 years$24,893$17,182$11,584$7,660$4,987$1,187
34 years$23,897$16,285$10,824$7,047$4,515$1,019
35 years$22,960$15,446$10,119$6,488$4,090$875
36 years$22,076$14,660$9,466$5,975$3,705$751
37 years$21,243$13,924$8,860$5,505$3,358$645
38 years$20,455$13,233$8,297$5,074$3,045$554
39 years$19,710$12,583$7,774$4,679$2,761$475
40 years$19,003$11,972$7,286$4,315$2,504$408
41 years$18,333$11,396$6,832$3,981$2,272$351
42 years$17,697$10,853$6,409$3,674$2,062$301
43 years$17,091$10,341$6,014$3,392$1,871$259
44 years$16,515$9,857$5,645$3,132$1,698$222
45 years$15,966$9,400$5,301$2,892$1,542$191
46 years$15,442$8,967$4,978$2,672$1,400$164
47 years$14,943$8,557$4,677$2,468$1,271$141
48 years$14,465$8,169$4,395$2,281$1,154$121
49 years$14,008$7,801$4,131$2,108$1,048$104
50 years$13,571$7,452$3,884$1,948$952$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $13,900,000, adding $6,426 every year, while hoping to spend $44,043 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: 83/10/7 Blend
79$13,900,000$13,900,000$13,900,000$13,900,000
80$15,324,428$14,587,728$14,372,278$16,586,048
81$16,840,659$15,255,666$14,806,888$18,079,307
82$18,510,068$15,954,856$15,254,582$19,712,119
83$20,348,235$16,686,784$15,715,750$21,503,699
84$22,372,324$17,453,005$16,190,797$23,469,940
85$24,601,251$18,255,152$16,680,138$25,628,345
86$27,055,856$19,094,932$17,184,200$27,998,188
87$29,759,108$19,974,138$17,703,425$30,600,695
88$32,736,313$20,894,647$18,238,266$33,459,243
89$36,015,359$21,858,427$18,789,190$36,599,581
90$39,626,976$22,867,540$19,356,679$40,050,068
91$43,605,027$23,924,149$19,941,226$43,841,938
92$47,986,826$25,030,518$20,543,344$48,009,597
93$52,813,492$26,189,023$21,163,555$52,590,943
94$58,130,336$27,402,154$21,802,403$57,627,720
95$63,987,289$28,672,518$22,460,442$63,165,911
96$70,439,373$30,002,852$23,138,247$69,256,171
97$77,547,219$31,396,021$23,836,408$75,954,301
98$85,377,641$32,855,032$24,555,533$83,321,772
99$94,004,264$34,383,032$25,296,248$91,426,304
100$103,508,223$35,983,325$26,059,196$100,342,499