Can I retire at age 80 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,116,822
2 years$584,594$573,707$563,155$552,924$543,001$519,452
3 years$385,858$374,924$364,399$354,264$344,502$321,619
4 years$286,510$275,609$265,189$255,227$245,702$223,661
5 years$226,916$216,081$205,797$196,039$186,779$165,642
6 years$187,200$176,446$166,315$156,774$147,792$127,582
7 years$158,843$148,179$138,208$128,893$120,194$100,916
8 years$137,584$127,017$117,212$108,125$99,713$81,361
9 years$121,058$110,591$100,954$92,098$83,972$66,534
10 years$107,846$97,481$88,014$79,390$71,549$55,006
11 years$97,042$86,781$77,486$69,093$61,534$45,867
12 years$88,046$77,890$68,767$60,604$53,324$38,509
13 years$80,440$70,390$61,439$53,504$46,500$32,511
14 years$73,925$63,982$55,203$47,495$40,761$27,573
15 years$68,285$58,449$49,841$42,357$35,890$23,472
16 years$63,354$53,626$45,188$37,926$31,719$20,044
17 years$59,008$49,388$41,120$34,076$28,125$17,162
18 years$55,150$45,636$37,537$30,710$25,007$14,727
19 years$51,701$42,295$34,363$27,749$22,289$12,661
20 years$48,601$39,303$31,537$25,132$19,909$10,902
21 years$45,800$36,609$29,008$22,809$17,817$9,400
22 years$43,257$34,173$26,735$20,738$15,970$8,115
23 years$40,939$31,961$24,685$18,887$14,336$7,012
24 years$38,817$29,946$22,830$17,226$12,885$6,064
25 years$36,868$28,103$21,145$15,732$11,595$5,248
26 years$35,071$26,412$19,611$14,384$10,444$4,545
27 years$33,411$24,857$18,210$13,166$9,416$3,938
28 years$31,872$23,422$16,929$12,063$8,496$3,414
29 years$30,441$22,096$15,754$11,062$7,672$2,961
30 years$29,109$20,868$14,674$10,152$6,932$2,569
31 years$27,864$19,727$13,680$9,324$6,267$2,229
32 years$26,700$18,666$12,764$8,569$5,669$1,935
33 years$25,609$17,677$11,918$7,880$5,131$1,680
34 years$24,584$16,753$11,135$7,250$4,645$1,459
35 years$23,620$15,890$10,411$6,674$4,207$1,267
36 years$22,712$15,082$9,739$6,147$3,812$1,101
37 years$21,854$14,325$9,115$5,663$3,455$957
38 years$21,044$13,614$8,536$5,220$3,132$831
39 years$20,277$12,945$7,997$4,813$2,840$722
40 years$19,550$12,316$7,496$4,440$2,576$628
41 years$18,861$11,724$7,029$4,096$2,337$546
42 years$18,206$11,165$6,593$3,780$2,121$474
43 years$17,583$10,638$6,187$3,490$1,925$412
44 years$16,990$10,141$5,808$3,222$1,747$358
45 years$16,426$9,670$5,453$2,976$1,586$312
46 years$15,887$9,225$5,122$2,749$1,440$271
47 years$15,373$8,803$4,812$2,539$1,308$235
48 years$14,881$8,404$4,522$2,346$1,188$205
49 years$14,411$8,025$4,250$2,169$1,079$178
50 years$13,962$7,666$3,996$2,004$980$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $14,300,000, adding $3,924 every year, while hoping to spend $48,618 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: 61/33/6 Blend
79$14,300,000$14,300,000$14,300,000$14,300,000
80$15,762,648$15,004,748$14,783,098$16,706,535
81$17,318,708$15,688,251$15,226,602$18,021,145
82$19,031,858$16,403,617$15,683,335$19,448,849
83$20,918,068$17,152,354$16,153,687$21,005,290
84$22,994,938$17,936,047$16,638,062$22,702,869
85$25,281,860$18,756,351$17,136,876$24,555,224
86$27,800,204$19,615,006$17,650,555$26,577,347
87$30,573,515$20,513,833$18,179,540$28,785,725
88$33,627,742$21,454,739$18,724,282$31,198,488
89$36,991,476$22,439,725$19,285,250$33,835,578
90$40,696,221$23,470,886$19,862,921$36,718,929
91$44,776,697$24,550,421$20,457,790$39,872,670
92$49,271,160$25,680,631$21,070,365$43,323,346
93$54,221,765$26,863,929$21,701,170$47,100,165
94$59,674,968$28,102,845$22,350,742$51,235,263
95$65,681,960$29,400,029$23,019,636$55,764,003
96$72,299,149$30,758,259$23,708,423$60,725,302
97$79,588,696$32,180,448$24,417,690$66,161,991
98$87,619,101$33,669,648$25,148,040$72,121,211
99$96,465,847$35,229,058$25,900,097$78,654,848
100$106,212,112$36,862,032$26,674,500$85,820,019