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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,162,536
2 years$605,035$593,767$582,846$572,257$561,987$544,259
3 years$399,350$388,033$377,140$366,651$356,548$339,279
4 years$296,528$285,245$274,461$264,151$254,293$237,616
5 years$234,850$223,636$212,993$202,894$193,309$177,273
6 years$193,746$182,615$172,130$162,256$152,959$137,582
7 years$164,396$153,360$143,041$133,399$124,397$109,684
8 years$142,395$131,458$121,310$111,905$103,199$89,149
9 years$125,291$114,458$104,484$95,319$86,909$73,514
10 years$111,617$100,889$91,092$82,165$74,050$61,301
11 years$100,435$89,816$80,196$71,509$63,686$51,568
12 years$91,125$80,614$71,172$62,723$55,189$43,688
13 years$83,252$72,851$63,587$55,375$48,126$37,227
14 years$76,510$66,220$57,133$49,155$42,187$31,872
15 years$70,673$60,493$51,584$43,838$37,144$27,395
16 years$65,570$55,501$46,768$39,252$32,828$23,625
17 years$61,072$51,114$42,557$35,268$29,108$20,431
18 years$57,078$47,232$38,849$31,783$25,881$17,711
19 years$53,509$43,774$35,565$28,719$23,069$15,385
20 years$50,301$40,677$32,639$26,011$20,605$13,387
21 years$47,402$37,889$30,022$23,606$18,439$11,666
22 years$44,770$35,368$27,670$21,463$16,528$10,179
23 years$42,370$33,079$25,548$19,547$14,837$8,892
24 years$40,174$30,993$23,628$17,828$13,336$7,775
25 years$38,157$29,085$21,884$16,282$12,000$6,804
26 years$36,298$27,336$20,296$14,887$10,809$5,959
27 years$34,579$25,726$18,847$13,627$9,745$5,222
28 years$32,986$24,241$17,521$12,485$8,793$4,579
29 years$31,506$22,869$16,305$11,449$7,940$4,017
30 years$30,126$21,597$15,187$10,507$7,175$3,525
31 years$28,839$20,417$14,158$9,650$6,486$3,095
32 years$27,634$19,318$13,210$8,869$5,867$2,718
33 years$26,505$18,295$12,334$8,155$5,310$2,388
34 years$25,444$17,339$11,524$7,504$4,808$2,098
35 years$24,446$16,446$10,775$6,908$4,354$1,844
36 years$23,506$15,610$10,079$6,362$3,945$1,621
37 years$22,618$14,826$9,434$5,861$3,576$1,425
38 years$21,780$14,090$8,835$5,403$3,242$1,253
39 years$20,986$13,398$8,277$4,982$2,940$1,102
40 years$20,234$12,747$7,758$4,595$2,666$969
41 years$19,520$12,134$7,275$4,239$2,419$853
42 years$18,843$11,556$6,824$3,912$2,195$750
43 years$18,198$11,010$6,403$3,612$1,992$660
44 years$17,585$10,495$6,011$3,335$1,808$581
45 years$17,000$10,008$5,644$3,080$1,642$511
46 years$16,442$9,547$5,301$2,845$1,491$450
47 years$15,910$9,111$4,980$2,628$1,353$396
48 years$15,402$8,698$4,680$2,429$1,229$348
49 years$14,915$8,306$4,399$2,244$1,116$306
50 years$14,450$7,934$4,135$2,075$1,014$270

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 $6,707 every year, while hoping to spend $49,280 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: 51/27/22 Blend
79$14,800,000$14,800,000$14,800,000$14,800,000
80$16,316,518$15,532,118$15,302,718$17,048,248
81$17,928,370$16,240,759$15,762,926$18,263,796
82$19,702,978$16,982,471$16,236,899$19,579,124
83$21,656,893$17,758,823$16,725,046$21,008,263
84$23,808,350$18,571,459$17,227,789$22,562,024
85$26,177,443$19,422,101$17,745,561$24,252,287
86$28,786,313$20,312,556$18,278,808$26,092,108
87$31,659,359$21,244,713$18,827,991$28,095,840
88$34,823,467$22,220,557$19,393,582$30,279,263
89$38,308,262$23,242,166$19,976,068$32,659,726
90$42,146,389$24,311,716$20,575,950$35,256,308
91$46,373,821$25,431,491$21,193,745$38,089,990
92$51,030,199$26,603,882$21,829,984$41,183,850
93$56,159,205$27,831,398$22,485,214$44,563,271
94$61,808,973$29,116,665$23,159,998$48,256,179
95$68,032,546$30,462,439$23,854,915$52,293,298
96$74,888,373$31,871,606$24,570,562$56,708,430
97$82,440,864$33,347,192$25,307,553$61,538,772
98$90,760,997$34,892,369$26,066,521$66,825,257
99$99,926,985$36,510,462$26,848,115$72,612,932
100$110,025,017$38,204,954$27,653,007$78,951,377