Can I retire at age 80 with 13,900,000?

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 $13,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,147,849$1,137,625$1,127,649$1,117,913$1,108,406$1,096,374
2 years$568,242$557,659$547,403$537,458$527,812$515,698
3 years$375,065$364,436$354,206$344,355$334,866$323,045
4 years$278,495$267,899$257,771$248,088$238,829$227,393
5 years$220,569$210,036$200,041$190,555$181,554$170,535
6 years$181,964$171,510$161,663$152,389$143,658$133,070
7 years$154,399$144,034$134,343$125,287$116,832$106,680
8 years$133,736$123,464$113,933$105,100$96,923$87,207
9 years$117,672$107,498$98,131$89,522$81,624$72,338
10 years$104,829$94,754$85,552$77,169$69,547$60,688
11 years$94,328$84,354$75,319$67,160$59,813$51,371
12 years$85,583$75,711$66,844$58,908$51,833$43,800
13 years$78,190$68,421$59,720$52,007$45,199$37,566
14 years$71,858$62,193$53,659$46,166$39,621$32,377
15 years$66,375$56,814$48,447$41,172$34,886$28,019
16 years$61,582$52,126$43,924$36,865$30,832$24,332
17 years$57,358$48,006$39,969$33,123$27,338$21,191
18 years$53,607$44,360$36,487$29,851$24,308$18,502
19 years$50,255$41,112$33,402$26,973$21,666$16,189
20 years$47,242$38,203$30,655$24,429$19,352$14,192
21 years$44,519$35,585$28,196$22,171$17,318$12,460
22 years$42,047$33,217$25,987$20,158$15,523$10,955
23 years$39,794$31,067$23,995$18,359$13,935$9,644
24 years$37,731$29,108$22,191$16,744$12,525$8,498
25 years$35,836$27,317$20,553$15,292$11,270$7,496
26 years$34,090$25,673$19,062$13,982$10,152$6,617
27 years$32,476$24,161$17,701$12,798$9,153$5,845
28 years$30,980$22,767$16,455$11,726$8,259$5,167
29 years$29,590$21,478$15,313$10,753$7,457$4,569
30 years$28,294$20,284$14,264$9,868$6,738$4,043
31 years$27,085$19,175$13,297$9,063$6,092$3,579
32 years$25,954$18,144$12,407$8,329$5,511$3,169
33 years$24,893$17,182$11,584$7,660$4,987$2,807
34 years$23,897$16,285$10,824$7,047$4,515$2,488
35 years$22,960$15,446$10,119$6,488$4,090$2,205
36 years$22,076$14,660$9,466$5,975$3,705$1,955
37 years$21,243$13,924$8,860$5,505$3,358$1,733
38 years$20,455$13,233$8,297$5,074$3,045$1,537
39 years$19,710$12,583$7,774$4,679$2,761$1,363
40 years$19,003$11,972$7,286$4,315$2,504$1,209
41 years$18,333$11,396$6,832$3,981$2,272$1,073
42 years$17,697$10,853$6,409$3,674$2,062$952
43 years$17,091$10,341$6,014$3,392$1,871$845
44 years$16,515$9,857$5,645$3,132$1,698$750
45 years$15,966$9,400$5,301$2,892$1,542$666
46 years$15,442$8,967$4,978$2,672$1,400$591
47 years$14,943$8,557$4,677$2,468$1,271$524
48 years$14,465$8,169$4,395$2,281$1,154$466
49 years$14,008$7,801$4,131$2,108$1,048$413
50 years$13,571$7,452$3,884$1,948$952$367

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $13,900,000, adding $6,096 every year, while hoping to spend $57,473 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: 58/19/23 Blend
79$13,900,000$13,900,000$13,900,000$13,900,000
80$15,324,088$14,587,388$14,371,938$16,117,759
81$16,825,994$15,241,019$14,792,247$17,313,039
82$18,479,169$15,924,752$15,224,710$18,608,902
83$20,298,980$16,640,001$15,669,674$20,020,531
84$22,302,362$17,388,247$16,127,495$21,559,128
85$24,507,975$18,171,044$16,598,538$23,237,017
86$26,936,381$18,990,017$17,083,181$25,067,754
87$29,610,234$19,846,870$17,581,810$27,066,252
88$32,554,500$20,743,389$18,094,823$29,248,916
89$35,796,688$21,681,444$18,622,628$31,633,801
90$39,367,110$22,662,995$19,165,646$34,240,771
91$43,299,169$23,690,095$19,724,309$37,091,689
92$47,629,671$24,764,897$20,299,060$40,210,612
93$52,399,175$25,889,654$20,890,357$43,624,025
94$57,652,374$27,066,730$21,498,666$47,361,073
95$63,438,516$28,298,600$22,124,472$51,453,845
96$69,811,871$29,587,858$22,768,268$55,937,660
97$76,832,242$30,937,222$23,430,564$60,851,407
98$84,565,526$32,349,542$24,111,884$66,237,896
99$93,084,341$33,827,801$24,812,764$72,144,265
100$102,468,709$35,375,129$25,533,757$78,622,416