Can I retire at age 80 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,163,978
2 years$605,035$593,767$582,846$572,257$561,987$545,700
3 years$399,350$388,033$377,140$366,651$356,548$340,674
4 years$296,528$285,245$274,461$264,151$254,293$238,956
5 years$234,850$223,636$212,993$202,894$193,309$178,553
6 years$193,746$182,615$172,130$162,256$152,959$138,800
7 years$164,396$153,360$143,041$133,399$124,397$110,841
8 years$142,395$131,458$121,310$111,905$103,199$90,245
9 years$125,291$114,458$104,484$95,319$86,909$74,550
10 years$111,617$100,889$91,092$82,165$74,050$62,278
11 years$100,435$89,816$80,196$71,509$63,686$52,489
12 years$91,125$80,614$71,172$62,723$55,189$44,554
13 years$83,252$72,851$63,587$55,375$48,126$38,039
14 years$76,510$66,220$57,133$49,155$42,187$32,632
15 years$70,673$60,493$51,584$43,838$37,144$28,106
16 years$65,570$55,501$46,768$39,252$32,828$24,289
17 years$61,072$51,114$42,557$35,268$29,108$21,050
18 years$57,078$47,232$38,849$31,783$25,881$18,287
19 years$53,509$43,774$35,565$28,719$23,069$15,920
20 years$50,301$40,677$32,639$26,011$20,605$13,883
21 years$47,402$37,889$30,022$23,606$18,439$12,126
22 years$44,770$35,368$27,670$21,463$16,528$10,605
23 years$42,370$33,079$25,548$19,547$14,837$9,286
24 years$40,174$30,993$23,628$17,828$13,336$8,138
25 years$38,157$29,085$21,884$16,282$12,000$7,139
26 years$36,298$27,336$20,296$14,887$10,809$6,267
27 years$34,579$25,726$18,847$13,627$9,745$5,505
28 years$32,986$24,241$17,521$12,485$8,793$4,839
29 years$31,506$22,869$16,305$11,449$7,940$4,255
30 years$30,126$21,597$15,187$10,507$7,175$3,743
31 years$28,839$20,417$14,158$9,650$6,486$3,295
32 years$27,634$19,318$13,210$8,869$5,867$2,901
33 years$26,505$18,295$12,334$8,155$5,310$2,555
34 years$25,444$17,339$11,524$7,504$4,808$2,250
35 years$24,446$16,446$10,775$6,908$4,354$1,983
36 years$23,506$15,610$10,079$6,362$3,945$1,747
37 years$22,618$14,826$9,434$5,861$3,576$1,540
38 years$21,780$14,090$8,835$5,403$3,242$1,358
39 years$20,986$13,398$8,277$4,982$2,940$1,197
40 years$20,234$12,747$7,758$4,595$2,666$1,056
41 years$19,520$12,134$7,275$4,239$2,419$931
42 years$18,843$11,556$6,824$3,912$2,195$821
43 years$18,198$11,010$6,403$3,612$1,992$724
44 years$17,585$10,495$6,011$3,335$1,808$639
45 years$17,000$10,008$5,644$3,080$1,642$564
46 years$16,442$9,547$5,301$2,845$1,491$497
47 years$15,910$9,111$4,980$2,628$1,353$439
48 years$15,402$8,698$4,680$2,429$1,229$387
49 years$14,915$8,306$4,399$2,244$1,116$342
50 years$14,450$7,934$4,135$2,075$1,014$301

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $14,800,000, adding $4,838 every year, while hoping to spend $33,039 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: 77/7/16 Blend
79$14,800,000$14,800,000$14,800,000$14,800,000
80$16,314,590$15,530,190$15,300,790$17,513,667
81$17,943,525$16,256,016$15,778,214$19,031,634
82$19,737,504$17,016,301$16,270,523$20,691,229
83$21,713,327$17,812,697$16,778,183$22,510,320
84$23,889,505$18,646,938$17,301,671$24,504,819
85$26,286,439$19,520,842$17,841,481$26,692,253
86$28,926,606$20,436,313$18,398,121$29,091,919
87$31,834,777$21,395,349$18,972,115$31,725,068
88$35,038,247$22,400,045$19,564,004$34,615,107
89$38,567,096$23,452,594$20,174,345$37,787,812
90$42,454,468$24,555,300$20,803,714$41,271,570
91$46,736,888$25,710,574$21,452,703$45,097,652
92$51,454,605$26,920,947$22,121,923$49,300,495
93$56,651,972$28,189,070$22,812,005$53,918,035
94$62,377,863$29,517,725$23,523,597$58,992,055
95$68,686,138$30,909,826$24,257,371$64,568,582
96$75,636,148$32,368,432$25,014,017$70,698,317
97$83,293,296$33,896,745$25,794,247$77,437,110
98$91,729,654$35,498,128$26,598,796$84,846,486
99$101,024,644$37,176,101$27,428,421$92,994,221
100$111,265,788$38,934,361$28,283,903$101,954,982