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%14.3%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,167,023
2 years$609,123$597,778$586,784$576,124$565,784$544,575
3 years$402,048$390,655$379,688$369,128$358,957$338,322
4 years$298,531$287,173$276,316$265,936$256,011$236,110
5 years$236,437$225,147$214,432$204,264$194,615$175,505
6 years$195,055$183,849$173,293$163,352$153,993$135,694
7 years$165,507$154,396$144,007$134,301$125,237$107,756
8 years$143,357$132,346$122,130$112,661$103,896$87,228
9 years$126,138$115,231$105,190$95,963$87,496$71,631
10 years$112,371$101,571$91,707$82,721$74,551$59,475
11 years$101,114$90,422$80,738$71,992$64,116$49,813
12 years$91,740$81,158$71,653$63,146$55,562$42,012
13 years$83,815$73,343$64,017$55,749$48,451$35,634
14 years$77,027$66,667$57,519$49,488$42,472$30,365
15 years$71,150$60,902$51,932$44,134$37,395$25,974
16 years$66,013$55,876$47,084$39,517$33,050$22,291
17 years$61,484$51,460$42,845$35,506$29,305$19,181
18 years$57,464$47,551$39,112$31,998$26,056$16,544
19 years$53,870$44,070$35,805$28,913$23,225$14,297
20 years$50,640$40,952$32,860$26,186$20,745$12,375
21 years$47,722$38,145$30,225$23,766$18,564$10,728
22 years$45,072$35,607$27,857$21,609$16,640$9,311
23 years$42,657$33,303$25,721$19,679$14,937$8,089
24 years$40,446$31,202$23,787$17,949$13,426$7,035
25 years$38,415$29,282$22,032$16,392$12,081$6,122
26 years$36,543$27,520$20,434$14,988$10,882$5,332
27 years$34,813$25,900$18,974$13,719$9,811$4,646
28 years$33,209$24,405$17,639$12,569$8,853$4,051
29 years$31,718$23,023$16,415$11,526$7,994$3,533
30 years$30,330$21,743$15,290$10,578$7,223$3,083
31 years$29,034$20,555$14,254$9,715$6,530$2,691
32 years$27,821$19,449$13,299$8,929$5,907$2,350
33 years$26,684$18,418$12,418$8,211$5,346$2,052
34 years$25,616$17,456$11,602$7,554$4,840$1,793
35 years$24,611$16,557$10,847$6,954$4,384$1,566
36 years$23,665$15,715$10,147$6,405$3,972$1,369
37 years$22,771$14,926$9,498$5,901$3,600$1,196
38 years$21,927$14,185$8,894$5,439$3,264$1,046
39 years$21,128$13,488$8,333$5,015$2,960$914
40 years$20,371$12,833$7,811$4,626$2,685$799
41 years$19,652$12,216$7,324$4,268$2,435$699
42 years$18,970$11,634$6,870$3,939$2,210$611
43 years$18,321$11,085$6,447$3,636$2,006$534
44 years$17,703$10,566$6,051$3,357$1,821$467
45 years$17,115$10,076$5,682$3,100$1,653$409
46 years$16,553$9,612$5,337$2,864$1,501$357
47 years$16,018$9,173$5,014$2,646$1,363$313
48 years$15,506$8,757$4,711$2,445$1,237$273
49 years$15,016$8,362$4,428$2,260$1,124$239
50 years$14,548$7,988$4,163$2,089$1,021$209

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 $4,377 every year, while hoping to spend $42,625 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: 50/25/25 Blend
79$14,900,000$14,900,000$14,900,000$14,900,000
80$16,424,315$15,634,615$15,403,665$17,129,574
81$18,054,242$16,355,358$15,874,335$18,341,860
82$19,848,994$17,109,990$16,359,344$19,654,087
83$21,825,336$17,900,124$16,859,127$21,079,501
84$24,001,746$18,727,455$17,374,133$22,628,844
85$26,398,581$19,593,758$17,904,824$24,313,917
86$29,038,276$20,500,892$18,451,675$26,147,694
87$31,945,552$21,450,807$19,015,178$28,144,432
88$35,147,649$22,445,548$19,595,837$30,319,810
89$38,674,585$23,487,255$20,194,173$32,691,062
90$42,559,437$24,578,176$20,810,723$35,277,141
91$46,838,656$25,720,663$21,446,039$38,098,893
92$51,552,408$26,917,183$22,100,689$41,179,243
93$56,744,952$28,170,324$22,775,261$44,543,407
94$62,465,063$29,482,796$23,470,358$48,219,128
95$68,766,488$30,857,441$24,186,604$52,236,927
96$75,708,452$32,297,239$24,924,637$56,630,384
97$83,356,222$33,805,311$25,685,121$61,436,450
98$91,781,718$35,384,933$26,468,734$66,695,788
99$101,064,194$37,039,535$27,276,177$72,453,148
100$111,290,986$38,772,717$28,108,173$78,757,783