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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,150,574
2 years$609,123$597,778$586,784$576,124$565,784$528,271
3 years$402,048$390,655$379,688$369,128$358,957$322,680
4 years$298,531$287,173$276,316$265,936$256,011$221,248
5 years$236,437$225,147$214,432$204,264$194,615$161,460
6 years$195,055$183,849$173,293$163,352$153,993$122,473
7 years$165,507$154,396$144,007$134,301$125,237$95,351
8 years$143,357$132,346$122,130$112,661$103,896$75,623
9 years$126,138$115,231$105,190$95,963$87,496$60,804
10 years$112,371$101,571$91,707$82,721$74,551$49,400
11 years$101,114$90,422$80,738$71,992$64,116$40,461
12 years$91,740$81,158$71,653$63,146$55,562$33,351
13 years$83,815$73,343$64,017$55,749$48,451$27,632
14 years$77,027$66,667$57,519$49,488$42,472$22,988
15 years$71,150$60,902$51,932$44,134$37,395$19,189
16 years$66,013$55,876$47,084$39,517$33,050$16,062
17 years$61,484$51,460$42,845$35,506$29,305$13,475
18 years$57,464$47,551$39,112$31,998$26,056$11,327
19 years$53,870$44,070$35,805$28,913$23,225$9,535
20 years$50,640$40,952$32,860$26,186$20,745$8,038
21 years$47,722$38,145$30,225$23,766$18,564$6,783
22 years$45,072$35,607$27,857$21,609$16,640$5,730
23 years$42,657$33,303$25,721$19,679$14,937$4,843
24 years$40,446$31,202$23,787$17,949$13,426$4,097
25 years$38,415$29,282$22,032$16,392$12,081$3,467
26 years$36,543$27,520$20,434$14,988$10,882$2,936
27 years$34,813$25,900$18,974$13,719$9,811$2,487
28 years$33,209$24,405$17,639$12,569$8,853$2,107
29 years$31,718$23,023$16,415$11,526$7,994$1,786
30 years$30,330$21,743$15,290$10,578$7,223$1,514
31 years$29,034$20,555$14,254$9,715$6,530$1,284
32 years$27,821$19,449$13,299$8,929$5,907$1,089
33 years$26,684$18,418$12,418$8,211$5,346$924
34 years$25,616$17,456$11,602$7,554$4,840$784
35 years$24,611$16,557$10,847$6,954$4,384$665
36 years$23,665$15,715$10,147$6,405$3,972$564
37 years$22,771$14,926$9,498$5,901$3,600$479
38 years$21,927$14,185$8,894$5,439$3,264$406
39 years$21,128$13,488$8,333$5,015$2,960$345
40 years$20,371$12,833$7,811$4,626$2,685$293
41 years$19,652$12,216$7,324$4,268$2,435$248
42 years$18,970$11,634$6,870$3,939$2,210$211
43 years$18,321$11,085$6,447$3,636$2,006$179
44 years$17,703$10,566$6,051$3,357$1,821$152
45 years$17,115$10,076$5,682$3,100$1,653$129
46 years$16,553$9,612$5,337$2,864$1,501$109
47 years$16,018$9,173$5,014$2,646$1,363$93
48 years$15,506$8,757$4,711$2,445$1,237$79
49 years$15,016$8,362$4,428$2,260$1,124$67
50 years$14,548$7,988$4,163$2,089$1,021$57

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 $2,146 every year, while hoping to spend $50,901 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: 58/12/30 Blend
79$14,900,000$14,900,000$14,900,000$14,900,000
80$16,422,014$15,632,314$15,401,364$17,239,116
81$18,042,901$16,344,139$15,863,151$18,512,137
82$19,827,412$17,089,137$16,338,702$19,894,079
83$21,792,184$17,868,881$16,828,425$21,400,007
84$23,955,548$18,685,017$17,332,738$23,041,977
85$26,337,703$19,539,271$17,852,073$24,833,249
86$28,960,905$20,433,453$18,386,875$26,788,415
87$31,849,683$21,369,457$18,937,600$28,923,532
88$35,031,061$22,349,271$19,504,720$31,256,270
89$38,534,819$23,374,976$20,088,719$33,806,076
90$42,393,775$24,448,754$20,690,095$36,594,354
91$46,644,089$25,572,891$21,309,362$39,644,665
92$51,325,609$26,749,786$21,947,048$42,982,942
93$56,482,244$27,981,948$22,603,697$46,637,735
94$62,162,380$29,272,011$23,279,869$50,640,477
95$68,419,338$30,622,734$23,976,139$55,025,774
96$75,311,871$32,037,010$24,693,101$59,831,726
97$82,904,727$33,517,868$25,431,364$65,100,289
98$91,269,252$35,068,486$26,191,558$70,877,658
99$100,484,067$36,692,193$26,974,327$77,214,707
100$110,635,813$38,392,482$27,780,338$84,167,456