Can I retire at age 80 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,143,264
2 years$609,123$597,778$586,784$576,124$565,784$521,087
3 years$402,048$390,655$379,688$369,128$358,957$315,851
4 years$298,531$287,173$276,316$265,936$256,011$214,825
5 years$236,437$225,147$214,432$204,264$194,615$155,456
6 years$195,055$183,849$173,293$163,352$153,993$116,886
7 years$165,507$154,396$144,007$134,301$125,237$90,173
8 years$143,357$132,346$122,130$112,661$103,896$70,842
9 years$126,138$115,231$105,190$95,963$87,496$56,405
10 years$112,371$101,571$91,707$82,721$74,551$45,366
11 years$101,114$90,422$80,738$71,992$64,116$36,773
12 years$91,740$81,158$71,653$63,146$55,562$29,990
13 years$83,815$73,343$64,017$55,749$48,451$24,577
14 years$77,027$66,667$57,519$49,488$42,472$20,220
15 years$71,150$60,902$51,932$44,134$37,395$16,687
16 years$66,013$55,876$47,084$39,517$33,050$13,807
17 years$61,484$51,460$42,845$35,506$29,305$11,448
18 years$57,464$47,551$39,112$31,998$26,056$9,508
19 years$53,870$44,070$35,805$28,913$23,225$7,908
20 years$50,640$40,952$32,860$26,186$20,745$6,585
21 years$47,722$38,145$30,225$23,766$18,564$5,489
22 years$45,072$35,607$27,857$21,609$16,640$4,579
23 years$42,657$33,303$25,721$19,679$14,937$3,822
24 years$40,446$31,202$23,787$17,949$13,426$3,192
25 years$38,415$29,282$22,032$16,392$12,081$2,667
26 years$36,543$27,520$20,434$14,988$10,882$2,229
27 years$34,813$25,900$18,974$13,719$9,811$1,864
28 years$33,209$24,405$17,639$12,569$8,853$1,559
29 years$31,718$23,023$16,415$11,526$7,994$1,304
30 years$30,330$21,743$15,290$10,578$7,223$1,091
31 years$29,034$20,555$14,254$9,715$6,530$913
32 years$27,821$19,449$13,299$8,929$5,907$764
33 years$26,684$18,418$12,418$8,211$5,346$640
34 years$25,616$17,456$11,602$7,554$4,840$536
35 years$24,611$16,557$10,847$6,954$4,384$448
36 years$23,665$15,715$10,147$6,405$3,972$375
37 years$22,771$14,926$9,498$5,901$3,600$314
38 years$21,927$14,185$8,894$5,439$3,264$263
39 years$21,128$13,488$8,333$5,015$2,960$220
40 years$20,371$12,833$7,811$4,626$2,685$185
41 years$19,652$12,216$7,324$4,268$2,435$155
42 years$18,970$11,634$6,870$3,939$2,210$129
43 years$18,321$11,085$6,447$3,636$2,006$108
44 years$17,703$10,566$6,051$3,357$1,821$91
45 years$17,115$10,076$5,682$3,100$1,653$76
46 years$16,553$9,612$5,337$2,864$1,501$64
47 years$16,018$9,173$5,014$2,646$1,363$53
48 years$15,506$8,757$4,711$2,445$1,237$45
49 years$15,016$8,362$4,428$2,260$1,124$37
50 years$14,548$7,988$4,163$2,089$1,021$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $14,900,000, adding $5,110 every year, while hoping to spend $40,621 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: 53/40/7 Blend
79$14,900,000$14,900,000$14,900,000$14,900,000
80$16,425,071$15,635,371$15,404,421$17,267,861
81$18,057,208$16,358,284$15,877,249$18,562,353
82$19,854,461$17,115,258$16,364,555$19,965,041
83$21,833,630$17,907,919$16,866,781$21,490,035
84$24,013,225$18,737,972$17,384,383$23,148,896
85$26,413,645$19,607,204$17,917,831$24,954,321
86$29,057,367$20,517,487$18,467,608$26,920,258
87$31,969,158$21,470,784$19,034,213$29,062,035
88$35,176,313$22,469,152$19,618,159$31,396,491
89$38,708,905$23,514,749$20,219,976$33,942,136
90$42,600,077$24,609,836$20,840,209$36,719,316
91$46,886,349$25,756,781$21,479,420$39,750,395
92$51,607,964$26,958,071$22,138,188$43,059,962
93$56,809,269$28,216,309$22,817,110$46,675,055
94$62,539,131$29,534,225$23,516,800$50,625,405
95$68,851,402$30,914,682$24,237,893$54,943,712
96$75,805,423$32,360,679$24,981,040$59,665,941
97$83,466,586$33,875,363$25,746,915$64,831,653
98$91,906,952$35,462,029$26,536,210$70,484,370
99$101,205,929$37,124,136$27,349,641$76,671,973
100$111,451,021$38,865,307$28,187,942$83,447,145