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

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,228,717
2 years$633,651$621,850$610,413$599,324$588,568$581,229
3 years$418,238$406,386$394,978$383,993$373,411$366,235
4 years$310,552$298,737$287,443$276,645$266,320$259,362
5 years$245,958$234,213$223,067$212,490$202,452$195,732
6 years$202,909$191,253$180,271$169,930$160,194$153,721
7 years$172,172$160,614$149,806$139,709$130,280$124,058
8 years$149,130$137,676$127,048$117,198$108,080$102,108
9 years$131,217$119,871$109,426$99,827$91,019$85,296
10 years$116,896$105,661$95,400$86,052$77,553$72,076
11 years$105,186$94,064$83,989$74,891$66,698$61,464
12 years$95,434$84,426$74,538$65,689$57,799$52,803
13 years$87,190$76,297$66,595$57,994$50,402$45,639
14 years$80,129$69,352$59,836$51,480$44,182$39,646
15 years$74,015$63,354$54,024$45,911$38,901$34,587
16 years$68,671$58,126$48,980$41,109$34,381$30,283
17 years$63,960$53,532$44,570$36,936$30,485$26,595
18 years$59,778$49,466$40,687$33,287$27,106$23,419
19 years$56,040$45,845$37,247$30,077$24,160$20,669
20 years$52,680$42,601$34,183$27,241$21,580$18,278
21 years$49,644$39,681$31,442$24,723$19,312$16,191
22 years$46,887$37,041$28,979$22,479$17,310$14,364
23 years$44,374$34,644$26,757$20,472$15,539$12,760
24 years$42,074$32,459$24,745$18,671$13,966$11,349
25 years$39,961$30,461$22,919$17,052$12,568$10,104
26 years$38,014$28,628$21,256$15,591$11,320$9,003
27 years$36,214$26,943$19,738$14,271$10,206$8,029
28 years$34,546$25,388$18,349$13,075$9,209$7,165
29 years$32,996$23,951$17,076$11,990$8,316$6,399
30 years$31,551$22,619$15,905$11,004$7,514$5,717
31 years$30,203$21,382$14,828$10,106$6,793$5,111
32 years$28,941$20,232$13,835$9,288$6,145$4,571
33 years$27,758$19,160$12,918$8,541$5,561$4,089
34 years$26,647$18,159$12,070$7,859$5,035$3,660
35 years$25,602$17,224$11,284$7,234$4,560$3,277
36 years$24,618$16,348$10,556$6,663$4,132$2,934
37 years$23,688$15,527$9,880$6,139$3,745$2,628
38 years$22,810$14,756$9,252$5,658$3,395$2,355
39 years$21,979$14,031$8,669$5,217$3,079$2,110
40 years$21,191$13,350$8,125$4,812$2,793$1,891
41 years$20,444$12,708$7,619$4,440$2,534$1,695
42 years$19,734$12,102$7,147$4,097$2,299$1,520
43 years$19,059$11,531$6,706$3,782$2,086$1,363
44 years$18,416$10,992$6,295$3,492$1,894$1,222
45 years$17,804$10,482$5,911$3,225$1,719$1,096
46 years$17,220$9,999$5,551$2,979$1,561$983
47 years$16,663$9,542$5,216$2,752$1,417$882
48 years$16,130$9,109$4,901$2,543$1,287$791
49 years$15,621$8,699$4,607$2,351$1,169$710
50 years$15,133$8,309$4,331$2,173$1,062$637

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 $4,861 every year, while hoping to spend $32,525 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: 63/7/30 Blend
79$15,500,000$15,500,000$15,500,000$15,500,000
80$17,086,014$16,264,514$16,024,264$18,024,373
81$18,794,181$17,026,869$16,526,471$19,425,054
82$20,675,491$17,825,489$17,044,411$20,950,487
83$22,747,570$18,662,117$17,578,578$22,616,188
84$25,029,842$19,538,580$18,129,479$24,435,934
85$27,543,709$20,456,793$18,697,640$26,424,886
86$30,312,756$21,418,765$19,283,600$28,599,735
87$33,362,973$22,426,600$19,887,916$30,978,852
88$36,722,999$23,482,507$20,511,164$33,582,458
89$40,424,393$24,588,798$21,153,936$36,432,820
90$44,501,932$25,747,900$21,816,844$39,554,449
91$48,993,939$26,962,358$22,500,519$42,974,333
92$53,942,645$28,234,837$23,205,610$46,722,188
93$59,394,585$29,568,134$23,932,788$50,830,737
94$65,401,042$30,965,182$24,682,746$55,336,012
95$72,018,525$32,429,053$25,456,195$60,277,693
96$79,309,310$33,962,971$26,253,872$65,699,479
97$87,342,018$35,570,315$27,076,536$71,649,496
98$96,192,272$37,254,629$27,924,968$78,180,749
99$105,943,405$39,019,627$28,799,976$85,351,614
100$116,687,249$40,869,205$29,702,391$93,226,391