Can I retire at age 80 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,231,746
2 years$650,004$637,898$626,165$614,790$603,756$567,625
3 years$429,031$416,873$405,171$393,902$383,048$348,059
4 years$318,567$306,446$294,860$283,784$273,193$239,615
5 years$252,305$240,257$228,824$217,973$207,677$175,602
6 years$208,146$196,188$184,924$174,315$164,328$133,786
7 years$176,615$164,759$153,672$143,314$133,642$104,633
8 years$152,978$141,229$130,326$120,223$110,869$83,377
9 years$134,604$122,965$112,250$102,403$93,368$67,365
10 years$119,912$108,387$97,862$88,272$79,554$55,006
11 years$107,900$96,491$86,156$76,823$68,419$45,285
12 years$97,897$86,605$76,461$67,384$59,291$37,526
13 years$89,440$78,266$68,313$59,490$51,703$31,259
14 years$82,197$71,141$61,380$52,809$45,322$26,150
15 years$75,925$64,989$55,418$47,096$39,905$21,952
16 years$70,443$59,626$50,244$42,170$35,268$18,481
17 years$65,611$54,913$45,720$37,889$31,271$15,596
18 years$61,320$50,742$41,737$34,146$27,805$13,187
19 years$57,486$47,028$38,208$30,854$24,783$11,169
20 years$54,039$43,700$35,065$27,944$22,137$9,473
21 years$50,925$40,705$32,253$25,361$19,810$8,043
22 years$48,097$37,997$29,726$23,059$17,757$6,836
23 years$45,519$35,538$27,447$21,000$15,940$5,816
24 years$43,160$33,296$25,384$19,153$14,327$4,951
25 years$40,993$31,247$23,511$17,492$12,892$4,217
26 years$38,995$29,367$21,805$15,994$11,613$3,594
27 years$37,149$27,638$20,248$14,639$10,470$3,064
28 years$35,438$26,043$18,823$13,413$9,447$2,613
29 years$33,847$24,569$17,516$12,300$8,530$2,229
30 years$32,366$23,203$16,316$11,288$7,708$1,902
31 years$30,982$21,934$15,211$10,367$6,969$1,624
32 years$29,688$20,754$14,192$9,528$6,304$1,386
33 years$28,475$19,654$13,251$8,762$5,705$1,184
34 years$27,335$18,628$12,381$8,061$5,165$1,011
35 years$26,263$17,668$11,575$7,421$4,678$863
36 years$25,253$16,770$10,829$6,835$4,239$738
37 years$24,300$15,927$10,135$6,297$3,842$630
38 years$23,399$15,137$9,491$5,804$3,483$538
39 years$22,546$14,394$8,892$5,352$3,158$460
40 years$21,738$13,694$8,335$4,936$2,865$393
41 years$20,971$13,036$7,815$4,554$2,599$336
42 years$20,243$12,415$7,331$4,203$2,358$287
43 years$19,551$11,829$6,879$3,880$2,140$245
44 years$18,891$11,275$6,457$3,582$1,943$210
45 years$18,263$10,752$6,063$3,309$1,764$179
46 years$17,664$10,257$5,695$3,056$1,601$153
47 years$17,093$9,788$5,350$2,823$1,454$131
48 years$16,546$9,344$5,028$2,609$1,320$112
49 years$16,024$8,923$4,726$2,411$1,199$96
50 years$15,524$8,524$4,443$2,229$1,089$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,900,000, adding $3,424 every year, while hoping to spend $31,714 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: 64/23/13 Blend
79$15,900,000$15,900,000$15,900,000$15,900,000
80$17,525,332$16,682,632$16,436,182$18,593,282
81$19,279,172$17,466,337$16,953,050$20,091,775
82$21,210,841$18,287,382$17,486,171$21,723,949
83$23,338,445$19,147,560$18,036,055$23,506,009
84$25,681,932$20,048,757$18,603,229$25,452,550
85$28,263,289$20,992,946$19,188,237$27,579,627
86$31,106,741$21,982,197$19,791,640$29,904,901
87$34,238,984$23,018,680$20,414,015$32,447,801
88$37,689,435$24,104,670$21,055,959$35,229,704
89$41,490,511$25,242,553$21,718,088$38,274,131
90$45,677,936$26,434,830$22,401,036$41,606,966
91$50,291,072$27,684,124$23,105,458$45,256,692
92$55,373,299$28,993,183$23,832,028$49,254,658
93$60,972,418$30,364,891$24,581,443$53,635,365
94$67,141,104$31,802,271$25,354,422$58,436,791
95$73,937,407$33,308,492$26,151,704$63,700,741
96$81,425,291$34,886,877$26,974,055$69,473,232
97$89,675,246$36,540,910$27,822,262$75,804,927
98$98,764,952$38,274,245$28,697,138$82,751,602
99$108,780,006$40,090,712$29,599,522$90,374,664
100$119,814,739$41,994,329$30,530,277$98,741,727