Can I retire at age 80 with 14,500,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,142,275
2 years$592,771$581,731$571,031$560,658$550,595$536,531
3 years$391,255$380,167$369,495$359,219$349,320$335,604
4 years$290,517$279,463$268,898$258,797$249,138$235,875
5 years$230,090$219,103$208,676$198,781$189,391$176,620
6 years$189,818$178,914$168,641$158,967$149,859$137,595
7 years$161,064$150,252$140,141$130,695$121,875$110,124
8 years$139,508$128,793$118,851$109,637$101,107$89,867
9 years$122,752$112,138$102,366$93,386$85,147$74,413
10 years$109,354$98,844$89,245$80,500$72,549$62,315
11 years$98,400$87,995$78,570$70,059$62,395$52,651
12 years$89,277$78,980$69,729$61,451$54,070$44,806
13 years$81,565$71,374$62,298$54,252$47,150$38,354
14 years$74,959$64,877$55,975$48,159$41,332$32,990
15 years$69,240$59,267$50,538$42,949$36,392$28,492
16 years$64,240$54,376$45,820$38,457$32,163$24,691
17 years$59,834$50,078$41,695$34,553$28,518$21,459
18 years$55,921$46,275$38,062$31,139$25,357$18,696
19 years$52,424$42,887$34,844$28,137$22,601$16,323
20 years$49,281$39,852$31,978$25,483$20,188$14,277
21 years$46,441$37,121$29,413$23,128$18,066$12,507
22 years$43,862$34,651$27,109$21,028$16,193$10,972
23 years$41,511$32,408$25,030$19,151$14,536$9,636
24 years$39,360$30,365$23,149$17,467$13,065$8,472
25 years$37,383$28,496$21,441$15,952$11,757$7,455
26 years$35,562$26,781$19,885$14,585$10,590$6,565
27 years$33,878$25,204$18,465$13,350$9,548$5,786
28 years$32,317$23,750$17,166$12,232$8,615$5,102
29 years$30,867$22,405$15,974$11,217$7,779$4,501
30 years$29,516$21,160$14,879$10,294$7,029$3,973
31 years$28,254$20,003$13,871$9,454$6,355$3,508
32 years$27,074$18,927$12,942$8,689$5,749$3,099
33 years$25,967$17,924$12,084$7,990$5,202$2,738
34 years$24,928$16,988$11,291$7,352$4,710$2,420
35 years$23,951$16,113$10,556$6,768$4,266$2,140
36 years$23,029$15,293$9,875$6,233$3,865$1,892
37 years$22,160$14,525$9,243$5,743$3,503$1,673
38 years$21,338$13,804$8,656$5,293$3,176$1,480
39 years$20,561$13,126$8,109$4,881$2,880$1,310
40 years$19,824$12,489$7,601$4,502$2,612$1,159
41 years$19,125$11,888$7,127$4,153$2,370$1,025
42 years$18,461$11,322$6,686$3,833$2,151$908
43 years$17,829$10,787$6,273$3,538$1,952$803
44 years$17,228$10,282$5,889$3,267$1,772$711
45 years$16,655$9,805$5,529$3,017$1,608$629
46 years$16,109$9,354$5,193$2,787$1,460$557
47 years$15,588$8,926$4,879$2,575$1,326$493
48 years$15,089$8,521$4,585$2,379$1,204$437
49 years$14,613$8,138$4,310$2,199$1,094$387
50 years$14,157$7,773$4,052$2,032$993$343

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $14,500,000, adding $3,792 every year, while hoping to spend $47,135 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: 50/33/17 Blend