Can I retire at age 80 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,154,682
2 years$600,947$589,755$578,908$568,391$558,190$540,581
3 years$396,652$385,411$374,592$364,174$354,139$336,986
4 years$294,524$283,318$272,607$262,367$252,575$236,011
5 years$233,263$222,125$211,554$201,523$192,003$176,075
6 years$192,436$181,382$170,967$161,159$151,926$136,653
7 years$163,286$152,324$142,074$132,498$123,556$108,943
8 years$141,433$130,570$120,490$111,149$102,502$88,547
9 years$124,445$113,684$103,778$94,674$86,321$73,017
10 years$110,862$100,207$90,476$81,610$73,550$60,886
11 years$99,757$89,209$79,654$71,025$63,256$51,220
12 years$90,509$80,069$70,691$62,299$54,816$43,393
13 years$82,690$72,359$63,158$55,001$47,801$36,975
14 years$75,993$65,772$56,747$48,823$41,902$31,656
15 years$70,195$60,084$51,235$43,542$36,894$27,210
16 years$65,127$55,126$46,452$38,987$32,607$23,465
17 years$60,659$50,769$42,270$35,029$28,911$20,293
18 years$56,692$46,913$38,587$31,569$25,707$17,592
19 years$53,147$43,478$35,324$28,525$22,913$15,281
20 years$49,961$40,402$32,419$25,835$20,466$13,296
21 years$47,081$37,633$29,819$23,447$18,315$11,587
22 years$44,467$35,129$27,483$21,318$16,417$10,111
23 years$42,084$32,856$25,376$19,415$14,737$8,832
24 years$39,903$30,784$23,468$17,708$13,246$7,723
25 years$37,899$28,889$21,736$16,172$11,919$6,758
26 years$36,052$27,151$20,159$14,787$10,736$5,919
27 years$34,345$25,552$18,720$13,535$9,680$5,187
28 years$32,763$24,078$17,402$12,401$8,734$4,548
29 years$31,293$22,714$16,194$11,372$7,887$3,990
30 years$29,923$21,451$15,084$10,436$7,126$3,501
31 years$28,644$20,279$14,063$9,585$6,443$3,074
32 years$27,447$19,188$13,121$8,809$5,828$2,700
33 years$26,326$18,171$12,251$8,100$5,274$2,372
34 years$25,272$17,222$11,447$7,453$4,775$2,084
35 years$24,281$16,335$10,702$6,861$4,325$1,831
36 years$23,347$15,504$10,011$6,319$3,919$1,610
37 years$22,466$14,725$9,370$5,822$3,552$1,415
38 years$21,633$13,994$8,775$5,366$3,220$1,245
39 years$20,844$13,307$8,221$4,948$2,920$1,095
40 years$20,097$12,661$7,706$4,564$2,648$963
41 years$19,388$12,052$7,225$4,211$2,403$847
42 years$18,715$11,478$6,778$3,886$2,180$745
43 years$18,075$10,936$6,360$3,587$1,979$655
44 years$17,466$10,424$5,970$3,312$1,796$577
45 years$16,885$9,941$5,606$3,059$1,631$507
46 years$16,331$9,483$5,265$2,825$1,480$447
47 years$15,803$9,050$4,946$2,610$1,344$393
48 years$15,298$8,639$4,648$2,412$1,221$346
49 years$14,815$8,250$4,369$2,229$1,109$304
50 years$14,352$7,881$4,107$2,060$1,007$268

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $14,700,000, adding $3,499 every year, while hoping to spend $41,368 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: 77/17/6 Blend
79$14,700,000$14,700,000$14,700,000$14,700,000
80$16,203,009$15,423,909$15,196,059$17,441,434
81$17,811,701$16,135,666$15,661,112$18,966,472
82$19,583,093$16,880,911$16,140,358$20,632,309
83$21,533,736$17,661,244$16,634,228$22,457,417
84$23,681,870$18,478,338$17,143,167$24,457,598
85$26,047,592$19,333,948$17,667,635$26,650,246
86$28,653,048$20,229,913$18,208,102$29,054,511
87$31,522,642$21,168,161$18,765,056$31,691,474
88$34,683,264$22,150,714$19,338,998$34,584,346
89$38,164,547$23,179,689$19,930,444$37,758,679
90$41,999,144$24,257,306$20,539,927$41,242,611
91$46,223,036$25,385,895$21,167,995$45,067,124
92$50,875,876$26,567,893$21,815,212$49,266,332
93$56,001,354$27,805,859$22,482,161$53,877,803
94$61,647,620$29,102,474$23,169,441$58,942,907
95$67,867,730$30,460,548$23,877,670$64,507,206
96$74,720,151$31,883,027$24,607,484$70,620,876
97$82,269,311$33,373,000$25,359,540$77,339,179
98$90,586,208$34,933,704$26,134,511$84,722,977
99$99,749,079$36,568,534$26,933,096$92,839,308
100$109,844,140$38,281,047$27,756,010$101,762,008