Can I retire at age 80 with 15,300,000?

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 $15,300,000?

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$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,185,265
2 years$625,475$613,826$602,537$591,591$580,973$546,205
3 years$412,841$401,142$389,881$379,038$368,593$334,925
4 years$306,545$294,882$283,734$273,075$262,884$230,573
5 years$242,784$231,191$220,189$209,748$199,840$168,976
6 years$200,291$188,785$177,945$167,737$158,127$128,737
7 years$169,950$158,541$147,873$137,906$128,599$100,685
8 years$147,205$135,899$125,408$115,686$106,686$80,230
9 years$129,524$118,325$108,014$98,539$89,845$64,823
10 years$115,387$104,297$94,169$84,941$76,552$52,930
11 years$103,829$92,850$82,905$73,924$65,837$43,576
12 years$94,203$83,337$73,576$64,842$57,053$36,110
13 years$86,065$75,312$65,735$57,245$49,752$30,080
14 years$79,095$68,457$59,064$50,816$43,612$25,163
15 years$73,060$62,537$53,326$45,319$38,399$21,124
16 years$67,785$57,376$48,348$40,578$33,937$17,784
17 years$63,135$52,841$43,995$36,459$30,091$15,007
18 years$59,006$48,828$40,162$32,857$26,756$12,689
19 years$55,316$45,253$36,766$29,689$23,848$10,747
20 years$52,000$42,051$33,742$26,889$21,302$9,115
21 years$49,003$39,169$31,036$24,404$19,062$7,740
22 years$46,282$36,563$28,605$22,189$17,087$6,579
23 years$43,802$34,197$26,411$20,208$15,338$5,596
24 years$41,531$32,040$24,426$18,431$13,786$4,764
25 years$39,446$30,068$22,623$16,832$12,405$4,058
26 years$37,524$28,259$20,982$15,390$11,174$3,458
27 years$35,747$26,595$19,484$14,087$10,075$2,948
28 years$34,100$25,060$18,113$12,907$9,091$2,514
29 years$32,570$23,642$16,855$11,836$8,209$2,145
30 years$31,144$22,327$15,700$10,862$7,417$1,831
31 years$29,813$21,106$14,637$9,976$6,706$1,563
32 years$28,568$19,971$13,656$9,168$6,066$1,334
33 years$27,400$18,913$12,751$8,431$5,489$1,139
34 years$26,304$17,925$11,914$7,757$4,970$973
35 years$25,272$17,002$11,139$7,141$4,502$831
36 years$24,300$16,137$10,420$6,577$4,079$710
37 years$23,383$15,326$9,753$6,060$3,697$606
38 years$22,516$14,566$9,133$5,585$3,351$518
39 years$21,695$13,850$8,557$5,150$3,039$443
40 years$20,918$13,178$8,020$4,750$2,757$378
41 years$20,180$12,544$7,520$4,382$2,501$323
42 years$19,479$11,946$7,054$4,044$2,269$276
43 years$18,813$11,382$6,620$3,734$2,059$236
44 years$18,179$10,850$6,214$3,447$1,869$202
45 years$17,574$10,346$5,834$3,184$1,697$172
46 years$16,998$9,870$5,480$2,941$1,541$147
47 years$16,448$9,419$5,148$2,717$1,399$126
48 years$15,922$8,992$4,838$2,511$1,271$108
49 years$15,419$8,587$4,547$2,320$1,154$92
50 years$14,938$8,202$4,275$2,145$1,048$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,300,000, adding $5,826 every year, while hoping to spend $33,303 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: 32/43/25 Blend
79$15,300,000$15,300,000$15,300,000$15,300,000
80$16,866,610$16,055,710$15,818,560$17,276,837
81$18,551,570$16,807,005$16,313,047$18,340,245
82$20,407,279$17,593,998$16,822,984$19,481,455
83$22,451,120$18,418,402$17,348,852$20,710,002
84$24,702,245$19,282,015$17,891,150$22,033,578
85$27,181,760$20,186,719$18,450,389$23,460,609
86$29,912,922$21,134,491$19,027,099$25,000,323
87$32,921,358$22,127,399$19,621,825$26,662,833
88$36,235,311$23,167,616$20,235,131$28,459,222
89$39,885,900$24,257,417$20,867,595$30,401,641
90$43,907,419$25,399,187$21,519,817$32,503,415
91$48,337,657$26,595,429$22,192,412$34,779,156
92$53,218,258$27,848,764$22,886,017$37,244,898
93$58,595,110$29,161,943$23,601,288$39,918,232
94$64,518,781$30,537,848$24,338,901$42,818,466
95$71,044,996$31,979,503$25,099,554$45,966,795
96$78,235,162$33,490,075$25,883,966$49,386,488
97$86,156,948$35,072,887$26,692,877$53,103,099
98$94,884,922$36,731,425$27,527,055$57,144,693
99$104,501,259$38,469,339$28,387,286$61,542,098
100$115,096,511$40,290,461$29,274,384$66,329,187