Can I retire at age 80 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,162,025
2 years$613,211$601,790$590,722$579,991$569,581$535,495
3 years$404,746$393,277$382,236$371,606$361,366$328,358
4 years$300,535$289,100$278,170$267,721$257,729$226,052
5 years$238,024$226,658$215,871$205,635$195,922$165,663
6 years$196,364$185,083$174,456$164,448$155,026$126,213
7 years$166,618$155,433$144,974$135,202$126,078$98,711
8 years$144,319$133,234$122,949$113,418$104,594$78,657
9 years$126,984$116,005$105,896$96,607$88,083$63,552
10 years$113,125$102,252$92,323$83,276$75,051$51,892
11 years$101,793$91,029$81,280$72,475$64,546$42,722
12 years$92,356$81,703$72,133$63,570$55,935$35,402
13 years$84,377$73,836$64,446$56,123$48,776$29,490
14 years$77,544$67,114$57,905$49,820$42,757$24,670
15 years$71,628$61,310$52,281$44,430$37,646$20,710
16 years$66,456$56,251$47,400$39,783$33,272$17,435
17 years$61,897$51,805$43,132$35,744$29,501$14,713
18 years$57,849$47,870$39,374$32,213$26,231$12,441
19 years$54,232$44,366$36,045$29,107$23,380$10,537
20 years$50,980$41,227$33,081$26,362$20,884$8,936
21 years$48,042$38,401$30,428$23,925$18,689$7,588
22 years$45,375$35,846$28,044$21,754$16,752$6,450
23 years$42,943$33,526$25,894$19,811$15,037$5,486
24 years$40,717$31,412$23,947$18,069$13,516$4,670
25 years$38,672$29,478$22,180$16,502$12,162$3,978
26 years$36,788$27,705$20,571$15,088$10,955$3,390
27 years$35,046$26,074$19,102$13,811$9,877$2,890
28 years$33,432$24,569$17,757$12,654$8,912$2,465
29 years$31,931$23,178$16,525$11,604$8,048$2,103
30 years$30,534$21,889$15,392$10,649$7,272$1,795
31 years$29,228$20,693$14,350$9,780$6,574$1,532
32 years$28,007$19,579$13,389$8,989$5,947$1,308
33 years$26,863$18,542$12,501$8,266$5,382$1,117
34 years$25,788$17,574$11,680$7,605$4,873$954
35 years$24,776$16,668$10,920$7,001$4,413$815
36 years$23,823$15,821$10,216$6,448$3,999$696
37 years$22,924$15,026$9,562$5,941$3,624$594
38 years$22,074$14,280$8,954$5,476$3,286$508
39 years$21,270$13,579$8,389$5,049$2,980$434
40 years$20,507$12,919$7,863$4,657$2,703$371
41 years$19,784$12,298$7,373$4,297$2,452$317
42 years$19,097$11,712$6,916$3,965$2,225$271
43 years$18,444$11,159$6,490$3,660$2,019$231
44 years$17,822$10,637$6,092$3,380$1,833$198
45 years$17,230$10,143$5,720$3,121$1,664$169
46 years$16,665$9,676$5,372$2,883$1,511$144
47 years$16,125$9,234$5,047$2,664$1,372$123
48 years$15,610$8,815$4,743$2,461$1,246$105
49 years$15,117$8,418$4,458$2,275$1,131$90
50 years$14,645$8,041$4,191$2,103$1,028$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,000,000, adding $5,765 every year, while hoping to spend $39,842 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: 71/23/6 Blend
79$15,000,000$15,000,000$15,000,000$15,000,000
80$16,535,947$15,740,947$15,508,447$17,697,043
81$18,180,222$16,469,861$15,985,588$19,193,152
82$19,990,877$17,233,158$16,477,378$20,824,616
83$21,984,842$18,032,478$16,984,266$22,609,136
84$24,180,771$18,869,544$17,506,714$24,561,753
85$26,599,219$19,746,161$18,045,198$26,699,013
86$29,262,837$20,664,221$18,600,210$29,039,127
87$32,196,585$21,625,706$19,172,255$31,602,134
88$35,427,967$22,632,696$19,761,856$34,410,087
89$38,987,290$23,687,369$20,369,549$37,487,259
90$42,907,953$24,792,009$20,995,888$40,860,366
91$47,226,758$25,949,012$21,641,444$44,558,818
92$51,984,261$27,160,886$22,306,806$48,614,988
93$57,225,151$28,430,265$22,992,579$53,064,513
94$62,998,673$29,759,905$23,699,388$57,946,631
95$69,359,097$31,152,700$24,427,877$63,304,538
96$76,366,223$32,611,680$25,178,708$69,185,797
97$84,085,949$34,140,024$25,952,567$75,642,778
98$92,590,894$35,741,063$26,750,156$82,733,146
99$101,961,081$37,418,291$27,572,202$90,520,401
100$112,284,694$39,175,369$28,419,453$99,074,471