Can I retire at age 80 with 15,800,000?

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 $15,800,000?

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$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,242,626
2 years$645,915$633,886$622,227$610,924$599,959$582,572
3 years$426,333$414,251$402,622$391,425$380,639$363,693
4 years$316,563$304,519$293,006$281,999$271,475$255,101
5 years$250,719$238,746$227,385$216,603$206,371$190,617
6 years$206,836$194,954$183,761$173,219$163,294$148,179
7 years$175,504$163,722$152,706$142,413$132,802$118,330
8 years$152,016$140,340$129,507$119,467$110,172$96,342
9 years$133,757$122,191$111,544$101,759$92,781$79,587
10 years$119,158$107,706$97,247$87,717$79,054$66,486
11 years$107,222$95,884$85,614$76,340$67,989$56,035
12 years$97,282$86,060$75,981$66,961$58,918$47,564
13 years$88,877$77,773$67,884$59,116$51,377$40,609
14 years$81,680$70,694$60,994$52,477$45,037$34,837
15 years$75,448$64,580$55,069$46,800$39,654$30,005
16 years$70,000$59,251$49,928$41,904$35,047$25,930
17 years$65,198$54,568$45,433$37,651$31,075$22,473
18 years$60,935$50,423$41,474$33,931$27,630$19,523
19 years$57,124$46,732$37,968$30,659$24,627$16,996
20 years$53,699$43,425$34,845$27,768$21,998$14,822
21 years$50,604$40,449$32,051$25,201$19,685$12,945
22 years$47,795$37,758$29,540$22,914$17,645$11,322
23 years$45,233$35,314$27,275$20,868$15,839$9,913
24 years$42,889$33,087$25,224$19,033$14,237$8,688
25 years$40,735$31,051$23,363$17,382$12,811$7,621
26 years$38,750$29,182$21,668$15,893$11,540$6,690
27 years$36,915$27,464$20,120$14,547$10,404$5,877
28 years$35,215$25,879$18,705$13,328$9,388$5,166
29 years$33,634$24,414$17,406$12,222$8,477$4,543
30 years$32,162$23,057$16,213$11,217$7,659$3,996
31 years$30,787$21,796$15,115$10,302$6,925$3,517
32 years$29,501$20,624$14,103$9,468$6,264$3,097
33 years$28,295$19,531$13,168$8,707$5,669$2,727
34 years$27,163$18,511$12,303$8,011$5,133$2,402
35 years$26,098$17,557$11,503$7,374$4,649$2,117
36 years$25,094$16,664$10,760$6,792$4,212$1,865
37 years$24,147$15,827$10,072$6,258$3,817$1,644
38 years$23,251$15,042$9,432$5,768$3,461$1,450
39 years$22,404$14,303$8,836$5,318$3,138$1,278
40 years$21,601$13,608$8,282$4,905$2,847$1,127
41 years$20,839$12,954$7,766$4,526$2,583$994
42 years$20,116$12,337$7,285$4,177$2,343$877
43 years$19,428$11,754$6,836$3,856$2,127$773
44 years$18,773$11,204$6,417$3,560$1,930$682
45 years$18,149$10,684$6,025$3,288$1,753$602
46 years$17,553$10,192$5,659$3,037$1,591$531
47 years$16,985$9,727$5,316$2,806$1,445$468
48 years$16,442$9,285$4,996$2,593$1,312$413
49 years$15,923$8,867$4,696$2,396$1,192$365
50 years$15,426$8,470$4,415$2,215$1,082$322

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,800,000, adding $2,638 every year, while hoping to spend $53,446 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: 65/8/27 Blend
79$15,800,000$15,800,000$15,800,000$15,800,000
80$17,414,321$16,576,921$16,332,021$18,422,167
81$19,133,716$17,332,324$16,822,278$19,858,689
82$21,026,697$18,122,951$17,327,167$21,422,010
83$23,110,915$18,950,470$17,847,122$23,129,618
84$25,405,818$19,816,632$18,382,589$24,995,716
85$27,932,834$20,723,270$18,934,029$27,035,935
86$30,715,578$21,672,305$19,501,914$29,267,484
87$33,780,071$22,665,752$20,086,731$31,709,306
88$37,154,984$23,705,719$20,688,983$34,382,256
89$40,871,912$24,794,420$21,309,184$37,309,296
90$44,965,672$25,934,171$21,947,866$40,515,707
91$49,474,626$27,127,401$22,605,576$44,029,326
92$54,441,052$28,376,658$23,282,876$47,880,805
93$59,911,534$29,684,608$23,980,347$52,103,900
94$65,937,405$31,054,049$24,698,584$56,735,781
95$72,575,235$32,487,912$25,438,201$61,817,388
96$79,887,358$33,989,269$26,199,830$67,393,803
97$87,942,466$35,561,340$26,984,121$73,514,684
98$96,816,252$37,207,501$27,791,744$80,234,719
99$106,592,129$38,931,288$28,623,387$87,614,146
100$117,362,016$40,736,410$29,479,760$95,719,317