Can I retire at age 80 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,214,785
2 years$641,827$629,874$618,289$607,057$596,162$559,036
3 years$423,635$411,630$400,074$388,947$378,230$342,296
4 years$314,560$302,591$291,151$280,215$269,757$235,291
5 years$249,132$237,235$225,945$215,232$205,065$172,162
6 years$205,527$193,720$182,598$172,122$162,261$130,949
7 years$174,394$162,686$151,739$141,511$131,961$102,240
8 years$151,054$139,452$128,687$118,710$109,475$81,326
9 years$132,910$121,418$110,838$101,115$92,194$65,588
10 years$118,404$107,024$96,631$87,162$78,553$53,455
11 years$106,543$95,277$85,073$75,857$67,559$43,923
12 years$96,666$85,516$75,500$66,537$58,545$36,325
13 years$88,315$77,281$67,454$58,742$51,052$30,198
14 years$81,163$70,247$60,608$52,145$44,752$25,210
15 years$74,970$64,171$54,721$46,504$39,403$21,118
16 years$69,557$58,876$49,612$41,639$34,825$17,741
17 years$64,785$54,223$45,145$37,412$30,878$14,938
18 years$60,549$50,104$41,212$33,716$27,455$12,603
19 years$56,763$46,436$37,727$30,465$24,472$10,650
20 years$53,359$43,151$34,624$27,592$21,858$9,012
21 years$50,284$40,193$31,848$25,042$19,561$7,635
22 years$47,492$37,519$29,353$22,769$17,533$6,474
23 years$44,947$35,091$27,102$20,736$15,739$5,494
24 years$42,617$32,878$25,065$18,912$14,147$4,666
25 years$40,477$30,854$23,215$17,272$12,730$3,965
26 years$38,505$28,998$21,531$15,792$11,467$3,371
27 years$36,682$27,290$19,993$14,455$10,338$2,867
28 years$34,992$25,716$18,586$13,244$9,328$2,439
29 years$33,421$24,260$17,296$12,145$8,423$2,076
30 years$31,958$22,911$16,111$11,146$7,611$1,767
31 years$30,592$21,658$15,019$10,237$6,881$1,505
32 years$29,314$20,493$14,013$9,408$6,224$1,281
33 years$28,116$19,407$13,084$8,651$5,633$1,091
34 years$26,991$18,394$12,225$7,960$5,100$930
35 years$25,933$17,446$11,430$7,328$4,619$792
36 years$24,935$16,559$10,692$6,749$4,185$675
37 years$23,994$15,727$10,008$6,218$3,793$575
38 years$23,104$14,946$9,372$5,731$3,439$490
39 years$22,262$14,213$8,780$5,284$3,119$418
40 years$21,464$13,522$8,230$4,874$2,829$356
41 years$20,707$12,872$7,717$4,497$2,566$303
42 years$19,988$12,259$7,239$4,150$2,329$259
43 years$19,305$11,680$6,793$3,831$2,113$220
44 years$18,654$11,133$6,376$3,537$1,918$188
45 years$18,034$10,617$5,987$3,267$1,741$160
46 years$17,442$10,128$5,623$3,018$1,581$136
47 years$16,878$9,665$5,283$2,788$1,436$116
48 years$16,338$9,227$4,964$2,576$1,304$99
49 years$15,822$8,811$4,666$2,381$1,184$85
50 years$15,329$8,417$4,387$2,201$1,076$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,700,000, adding $4,624 every year, while hoping to spend $34,041 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: 82/8/10 Blend
79$15,700,000$15,700,000$15,700,000$15,700,000
80$17,306,170$16,474,070$16,230,720$18,698,062
81$19,035,180$17,245,080$16,738,229$20,381,345
82$20,939,408$18,052,728$17,261,600$22,224,054
83$23,036,690$18,898,775$17,801,326$24,246,130
84$25,346,681$19,785,064$18,357,920$26,465,543
85$27,891,040$20,713,529$18,931,907$28,902,079
86$30,693,631$21,686,197$19,523,831$31,577,531
87$33,780,754$22,705,193$20,134,252$34,515,902
88$37,181,390$23,772,747$20,763,748$37,743,625
89$40,927,473$24,891,192$21,412,915$41,289,815
90$45,054,194$26,062,980$22,082,367$45,186,543
91$49,600,332$27,290,676$22,772,736$49,469,130
92$54,608,621$28,576,974$23,484,678$54,176,487
93$60,126,151$29,924,696$24,218,865$59,351,472
94$66,204,813$31,336,801$24,975,992$65,041,298
95$72,901,791$32,816,392$25,756,775$71,297,972
96$80,280,100$34,366,721$26,561,953$78,178,786
97$88,409,180$35,991,200$27,392,288$85,746,854
98$97,365,551$37,693,404$28,248,565$94,071,705
99$107,233,540$39,477,083$29,131,594$103,229,938
100$118,106,070$41,346,169$30,042,211$113,305,938