Can I retire at age 80 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,141,185
2 years$596,859$585,743$574,970$564,524$554,393$531,278
3 years$393,953$382,789$372,043$361,696$351,729$329,260
4 years$292,520$281,391$270,752$260,582$250,856$229,206
5 years$231,677$220,614$210,115$200,152$190,697$169,927
6 years$191,127$180,148$169,804$160,063$150,892$131,025
7 years$162,175$151,288$141,108$131,597$122,716$103,756
8 years$140,471$129,682$119,671$110,393$101,804$83,748
9 years$123,598$112,911$103,072$94,030$85,734$68,568
10 years$110,108$99,526$89,861$81,055$73,050$56,757
11 years$99,078$88,602$79,112$70,542$62,825$47,387
12 years$89,893$79,524$70,210$61,875$54,443$39,837
13 years$82,127$71,867$62,728$54,626$47,475$33,677
14 years$75,476$65,325$56,361$48,491$41,617$28,600
15 years$69,718$59,675$50,887$43,246$36,643$24,381
16 years$64,684$54,751$46,136$38,722$32,385$20,850
17 years$60,246$50,424$41,982$34,791$28,715$17,877
18 years$56,307$46,594$38,324$31,354$25,532$15,363
19 years$52,786$43,183$35,084$28,331$22,757$13,227
20 years$49,621$40,127$32,198$25,659$20,327$11,407
21 years$46,761$37,377$29,616$23,287$18,190$9,850
22 years$44,165$34,890$27,296$21,173$16,305$8,516
23 years$41,798$32,632$25,203$19,283$14,636$7,371
24 years$39,631$30,574$23,309$17,587$13,155$6,384
25 years$37,641$28,692$21,588$16,062$11,838$5,534
26 years$35,807$26,966$20,022$14,686$10,663$4,801
27 years$34,112$25,378$18,592$13,442$9,614$4,166
28 years$32,540$23,914$17,284$12,316$8,675$3,618
29 years$31,080$22,560$16,084$11,294$7,833$3,143
30 years$29,719$21,305$14,982$10,365$7,078$2,731
31 years$28,449$20,141$13,967$9,520$6,399$2,374
32 years$27,261$19,057$13,032$8,749$5,788$2,064
33 years$26,146$18,047$12,168$8,045$5,238$1,795
34 years$25,100$17,105$11,369$7,402$4,743$1,562
35 years$24,116$16,224$10,629$6,814$4,296$1,359
36 years$23,188$15,399$9,943$6,276$3,892$1,182
37 years$22,313$14,625$9,307$5,782$3,528$1,029
38 years$21,485$13,899$8,715$5,330$3,198$896
39 years$20,702$13,217$8,165$4,914$2,900$780
40 years$19,961$12,575$7,653$4,533$2,630$679
41 years$19,257$11,970$7,176$4,182$2,386$591
42 years$18,588$11,400$6,732$3,859$2,165$514
43 years$17,952$10,862$6,317$3,563$1,965$448
44 years$17,347$10,353$5,929$3,290$1,784$390
45 years$16,770$9,873$5,567$3,038$1,619$340
46 years$16,220$9,418$5,229$2,806$1,470$296
47 years$15,695$8,988$4,913$2,593$1,335$258
48 years$15,193$8,580$4,617$2,396$1,213$224
49 years$14,714$8,194$4,339$2,214$1,101$195
50 years$14,255$7,827$4,080$2,046$1,000$170

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $14,600,000, adding $3,038 every year, while hoping to spend $46,346 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: 74/6/20 Blend
79$14,600,000$14,600,000$14,600,000$14,600,000
80$16,092,334$15,318,534$15,092,234$17,206,423
81$17,684,440$16,019,830$15,548,512$18,647,670
82$19,437,388$16,753,937$16,018,522$20,220,652
83$21,367,534$17,522,412$16,502,675$21,943,226
84$23,492,902$18,326,890$17,001,394$23,830,281
85$25,833,353$19,169,083$17,515,116$25,898,212
86$28,410,772$20,050,785$18,044,289$28,165,069
87$31,249,274$20,973,876$18,589,376$30,650,733
88$34,375,431$21,940,328$19,150,852$33,377,097
89$37,818,527$22,952,206$19,729,207$36,368,271
90$41,610,828$24,011,675$20,324,947$39,650,808
91$45,787,890$25,121,004$20,938,590$43,253,955
92$50,388,894$26,282,573$21,570,672$47,209,923
93$55,457,016$27,498,874$22,221,744$51,554,191
94$61,039,833$28,772,520$22,892,374$56,325,841
95$67,189,772$30,106,249$23,583,144$61,567,918
96$73,964,607$31,502,934$24,294,658$67,327,842
97$81,428,002$32,965,583$25,027,534$73,657,847
98$89,650,112$34,497,350$25,782,410$80,615,472
99$98,708,245$36,101,542$26,559,943$88,264,107
100$108,687,594$37,781,625$27,360,808$96,673,580