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%13.3%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,203,302
2 years$625,475$613,826$602,537$591,591$580,973$564,136
3 years$412,841$401,142$389,881$379,038$368,593$352,184
4 years$306,545$294,882$283,734$273,075$262,884$247,028
5 years$242,784$231,191$220,189$209,748$199,840$184,585
6 years$200,291$188,785$177,945$167,737$158,127$143,490
7 years$169,950$158,541$147,873$137,906$128,599$114,586
8 years$147,205$135,899$125,408$115,686$106,686$93,294
9 years$129,524$118,325$108,014$98,539$89,845$77,068
10 years$115,387$104,297$94,169$84,941$76,552$64,382
11 years$103,829$92,850$82,905$73,924$65,837$54,262
12 years$94,203$83,337$73,576$64,842$57,053$46,059
13 years$86,065$75,312$65,735$57,245$49,752$39,324
14 years$79,095$68,457$59,064$50,816$43,612$33,735
15 years$73,060$62,537$53,326$45,319$38,399$29,056
16 years$67,785$57,376$48,348$40,578$33,937$25,110
17 years$63,135$52,841$43,995$36,459$30,091$21,761
18 years$59,006$48,828$40,162$32,857$26,756$18,905
19 years$55,316$45,253$36,766$29,689$23,848$16,458
20 years$52,000$42,051$33,742$26,889$21,302$14,352
21 years$49,003$39,169$31,036$24,404$19,062$12,536
22 years$46,282$36,563$28,605$22,189$17,087$10,963
23 years$43,802$34,197$26,411$20,208$15,338$9,599
24 years$41,531$32,040$24,426$18,431$13,786$8,413
25 years$39,446$30,068$22,623$16,832$12,405$7,380
26 years$37,524$28,259$20,982$15,390$11,174$6,479
27 years$35,747$26,595$19,484$14,087$10,075$5,691
28 years$34,100$25,060$18,113$12,907$9,091$5,002
29 years$32,570$23,642$16,855$11,836$8,209$4,399
30 years$31,144$22,327$15,700$10,862$7,417$3,870
31 years$29,813$21,106$14,637$9,976$6,706$3,406
32 years$28,568$19,971$13,656$9,168$6,066$2,999
33 years$27,400$18,913$12,751$8,431$5,489$2,641
34 years$26,304$17,925$11,914$7,757$4,970$2,326
35 years$25,272$17,002$11,139$7,141$4,502$2,050
36 years$24,300$16,137$10,420$6,577$4,079$1,806
37 years$23,383$15,326$9,753$6,060$3,697$1,592
38 years$22,516$14,566$9,133$5,585$3,351$1,404
39 years$21,695$13,850$8,557$5,150$3,039$1,238
40 years$20,918$13,178$8,020$4,750$2,757$1,091
41 years$20,180$12,544$7,520$4,382$2,501$963
42 years$19,479$11,946$7,054$4,044$2,269$849
43 years$18,813$11,382$6,620$3,734$2,059$749
44 years$18,179$10,850$6,214$3,447$1,869$661
45 years$17,574$10,346$5,834$3,184$1,697$583
46 years$16,998$9,870$5,480$2,941$1,541$514
47 years$16,448$9,419$5,148$2,717$1,399$454
48 years$15,922$8,992$4,838$2,511$1,271$400
49 years$15,419$8,587$4,547$2,320$1,154$353
50 years$14,938$8,202$4,275$2,145$1,048$312

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 $5,683 every year, while hoping to spend $37,559 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: 48/29/23 Blend
79$15,300,000$15,300,000$15,300,000$15,300,000
80$16,866,462$16,055,562$15,818,412$17,565,646
81$18,546,879$16,802,322$16,308,366$18,801,404
82$20,397,439$17,584,415$16,813,475$20,138,353
83$22,435,458$18,403,531$17,334,207$21,589,439
84$24,680,016$19,261,445$17,871,044$23,165,410
85$27,152,136$20,160,015$18,424,483$24,878,070
86$29,874,989$21,101,190$18,995,037$26,740,390
87$32,874,102$22,087,013$19,583,235$28,766,619
88$36,177,608$23,119,624$20,189,622$30,972,421
89$39,816,508$24,201,270$20,814,758$33,375,010
90$43,824,962$25,334,302$21,459,223$35,993,309
91$48,240,615$26,521,190$22,123,613$38,848,123
92$53,104,948$27,764,518$22,808,544$41,962,326
93$58,463,672$29,066,999$23,514,650$45,361,075
94$64,367,159$30,431,475$24,242,584$49,072,033
95$70,870,918$31,860,926$24,993,019$53,125,631
96$78,036,118$33,358,477$25,766,651$57,555,339
97$85,930,163$34,927,404$26,564,195$62,397,979
98$94,627,333$36,571,140$27,386,389$67,694,061
99$104,209,482$38,293,287$28,233,994$73,488,160
100$114,766,810$40,097,619$29,107,794$79,829,322