Can I retire at age 80 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,211,036
2 years$633,651$621,850$610,413$599,324$588,568$563,535
3 years$418,238$406,386$394,978$383,993$373,411$349,082
4 years$310,552$298,737$287,443$276,645$266,320$242,882
5 years$245,958$234,213$223,067$212,490$202,452$179,972
6 years$202,909$191,253$180,271$169,930$160,194$138,695
7 years$172,172$160,614$149,806$139,709$130,280$109,768
8 years$149,130$137,676$127,048$117,198$108,080$88,548
9 years$131,217$119,871$109,426$99,827$91,019$72,455
10 years$116,896$105,661$95,400$86,052$77,553$59,938
11 years$105,186$94,064$83,989$74,891$66,698$50,011
12 years$95,434$84,426$74,538$65,689$57,799$42,016
13 years$87,190$76,297$66,595$57,994$50,402$35,495
14 years$80,129$69,352$59,836$51,480$44,182$30,124
15 years$74,015$63,354$54,024$45,911$38,901$25,662
16 years$68,671$58,126$48,980$41,109$34,381$21,930
17 years$63,960$53,532$44,570$36,936$30,485$18,790
18 years$59,778$49,466$40,687$33,287$27,106$16,135
19 years$56,040$45,845$37,247$30,077$24,160$13,882
20 years$52,680$42,601$34,183$27,241$21,580$11,962
21 years$49,644$39,681$31,442$24,723$19,312$10,322
22 years$46,887$37,041$28,979$22,479$17,310$8,918
23 years$44,374$34,644$26,757$20,472$15,539$7,712
24 years$42,074$32,459$24,745$18,671$13,966$6,675
25 years$39,961$30,461$22,919$17,052$12,568$5,781
26 years$38,014$28,628$21,256$15,591$11,320$5,011
27 years$36,214$26,943$19,738$14,271$10,206$4,345
28 years$34,546$25,388$18,349$13,075$9,209$3,770
29 years$32,996$23,951$17,076$11,990$8,316$3,272
30 years$31,551$22,619$15,905$11,004$7,514$2,841
31 years$30,203$21,382$14,828$10,106$6,793$2,468
32 years$28,941$20,232$13,835$9,288$6,145$2,144
33 years$27,758$19,160$12,918$8,541$5,561$1,863
34 years$26,647$18,159$12,070$7,859$5,035$1,619
35 years$25,602$17,224$11,284$7,234$4,560$1,408
36 years$24,618$16,348$10,556$6,663$4,132$1,224
37 years$23,688$15,527$9,880$6,139$3,745$1,064
38 years$22,810$14,756$9,252$5,658$3,395$926
39 years$21,979$14,031$8,669$5,217$3,079$805
40 years$21,191$13,350$8,125$4,812$2,793$700
41 years$20,444$12,708$7,619$4,440$2,534$609
42 years$19,734$12,102$7,147$4,097$2,299$530
43 years$19,059$11,531$6,706$3,782$2,086$461
44 years$18,416$10,992$6,295$3,492$1,894$401
45 years$17,804$10,482$5,911$3,225$1,719$349
46 years$17,220$9,999$5,551$2,979$1,561$304
47 years$16,663$9,542$5,216$2,752$1,417$264
48 years$16,130$9,109$4,901$2,543$1,287$230
49 years$15,621$8,699$4,607$2,351$1,169$200
50 years$15,133$8,309$4,331$2,173$1,062$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,500,000, adding $2,333 every year, while hoping to spend $55,688 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: 53/18/29 Blend
79$15,500,000$15,500,000$15,500,000$15,500,000
80$17,083,406$16,261,906$16,021,656$17,850,064
81$18,766,662$16,999,488$16,499,130$19,120,038
82$20,619,744$17,771,345$16,990,733$20,495,567
83$22,659,915$18,579,098$17,496,880$21,991,509
84$24,906,197$19,424,445$18,017,996$23,619,421
85$27,379,551$20,309,165$18,554,521$25,392,015
86$30,103,075$21,235,123$19,106,907$27,323,268
87$33,102,219$22,204,275$19,675,619$29,428,552
88$36,405,027$23,218,666$20,261,134$31,724,778
89$40,042,403$24,280,443$20,863,945$34,230,549
90$44,048,398$25,391,856$21,484,558$36,966,328
91$48,460,539$26,555,260$22,123,494$39,954,635
92$53,320,172$27,773,127$22,781,289$43,220,246
93$58,672,863$29,048,043$23,458,496$46,790,428
94$64,568,820$30,382,722$24,155,681$50,695,188
95$71,063,372$31,780,008$24,873,428$54,967,553
96$78,217,486$33,242,879$25,612,338$59,643,877
97$86,098,349$34,774,459$26,373,030$64,764,173
98$94,779,993$36,378,020$27,156,140$70,372,491
99$104,344,003$38,056,994$27,962,322$76,517,325
100$114,880,281$39,814,976$28,792,249$83,252,063