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%17.6%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,151,497
2 years$609,123$597,778$586,784$576,124$565,784$529,181
3 years$402,048$390,655$379,688$369,128$358,957$323,547
4 years$298,531$287,173$276,316$265,936$256,011$222,067
5 years$236,437$225,147$214,432$204,264$194,615$162,229
6 years$195,055$183,849$173,293$163,352$153,993$123,191
7 years$165,507$154,396$144,007$134,301$125,237$96,019
8 years$143,357$132,346$122,130$112,661$103,896$76,243
9 years$126,138$115,231$105,190$95,963$87,496$61,377
10 years$112,371$101,571$91,707$82,721$74,551$49,928
11 years$101,114$90,422$80,738$71,992$64,116$40,946
12 years$91,740$81,158$71,653$63,146$55,562$33,796
13 years$83,815$73,343$64,017$55,749$48,451$28,039
14 years$77,027$66,667$57,519$49,488$42,472$23,359
15 years$71,150$60,902$51,932$44,134$37,395$19,526
16 years$66,013$55,876$47,084$39,517$33,050$16,368
17 years$61,484$51,460$42,845$35,506$29,305$13,752
18 years$57,464$47,551$39,112$31,998$26,056$11,576
19 years$53,870$44,070$35,805$28,913$23,225$9,760
20 years$50,640$40,952$32,860$26,186$20,745$8,240
21 years$47,722$38,145$30,225$23,766$18,564$6,965
22 years$45,072$35,607$27,857$21,609$16,640$5,892
23 years$42,657$33,303$25,721$19,679$14,937$4,988
24 years$40,446$31,202$23,787$17,949$13,426$4,226
25 years$38,415$29,282$22,032$16,392$12,081$3,583
26 years$36,543$27,520$20,434$14,988$10,882$3,038
27 years$34,813$25,900$18,974$13,719$9,811$2,578
28 years$33,209$24,405$17,639$12,569$8,853$2,188
29 years$31,718$23,023$16,415$11,526$7,994$1,857
30 years$30,330$21,743$15,290$10,578$7,223$1,577
31 years$29,034$20,555$14,254$9,715$6,530$1,340
32 years$27,821$19,449$13,299$8,929$5,907$1,138
33 years$26,684$18,418$12,418$8,211$5,346$967
34 years$25,616$17,456$11,602$7,554$4,840$822
35 years$24,611$16,557$10,847$6,954$4,384$698
36 years$23,665$15,715$10,147$6,405$3,972$593
37 years$22,771$14,926$9,498$5,901$3,600$504
38 years$21,927$14,185$8,894$5,439$3,264$429
39 years$21,128$13,488$8,333$5,015$2,960$364
40 years$20,371$12,833$7,811$4,626$2,685$310
41 years$19,652$12,216$7,324$4,268$2,435$263
42 years$18,970$11,634$6,870$3,939$2,210$224
43 years$18,321$11,085$6,447$3,636$2,006$190
44 years$17,703$10,566$6,051$3,357$1,821$162
45 years$17,115$10,076$5,682$3,100$1,653$138
46 years$16,553$9,612$5,337$2,864$1,501$117
47 years$16,018$9,173$5,014$2,646$1,363$100
48 years$15,506$8,757$4,711$2,445$1,237$85
49 years$15,016$8,362$4,428$2,260$1,124$72
50 years$14,548$7,988$4,163$2,089$1,021$61

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 $6,405 every year, while hoping to spend $35,396 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: 41/47/12 Blend
79$14,900,000$14,900,000$14,900,000$14,900,000
80$16,426,407$15,636,707$15,405,757$17,041,312
81$18,064,239$16,365,244$15,884,189$18,202,892
82$19,867,944$17,128,294$16,377,461$19,455,305
83$21,854,403$17,927,509$16,886,035$20,810,022
84$24,042,219$18,764,624$17,410,384$22,276,360
85$26,451,890$19,641,455$17,950,997$23,864,539
86$29,106,005$20,559,908$18,508,377$25,585,764
87$32,029,454$21,521,980$19,083,044$27,452,333
88$35,249,665$22,529,764$19,675,533$29,477,736
89$38,796,864$23,585,456$20,286,397$31,676,780
90$42,704,358$24,691,357$20,916,204$34,065,719
91$47,008,847$25,849,878$21,565,542$36,662,398
92$51,750,776$27,063,549$22,235,014$39,486,412
93$56,974,714$28,335,021$22,925,246$42,559,283
94$62,729,772$29,667,074$23,636,879$45,904,651
95$69,070,070$31,062,623$24,370,576$49,548,487
96$76,055,248$32,524,722$25,127,021$53,519,329
97$83,751,025$34,056,574$25,906,917$57,848,537
98$92,229,822$35,661,539$26,710,992$62,570,578
99$101,571,447$37,343,138$27,539,993$67,723,341
100$111,863,844$39,105,061$28,394,692$73,348,476