Can I retire at age 80 with 14,400,000?

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 $14,400,000?

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$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,132,520
2 years$588,682$577,719$567,093$556,791$546,798$530,952
3 years$388,557$377,546$366,947$356,741$346,911$331,467
4 years$288,513$277,536$267,043$257,012$247,420$232,497
5 years$228,503$217,592$207,237$197,410$188,085$173,727
6 years$188,509$177,680$167,478$157,870$148,825$135,049
7 years$159,953$149,215$139,175$129,794$121,035$107,845
8 years$138,546$127,905$118,031$108,881$100,410$87,806
9 years$121,905$111,364$101,660$92,742$84,560$72,535
10 years$108,600$98,162$88,630$79,945$72,049$60,595
11 years$97,721$87,388$78,028$69,576$61,965$51,070
12 years$88,662$78,435$69,248$61,027$53,697$43,350
13 years$81,002$70,882$61,869$53,878$46,825$37,011
14 years$74,442$64,430$55,589$47,827$41,047$31,750
15 years$68,762$58,858$50,190$42,653$36,141$27,347
16 years$63,797$54,001$45,504$38,191$31,941$23,633
17 years$59,421$49,733$41,407$34,315$28,321$20,481
18 years$55,535$45,955$37,799$30,924$25,182$17,793
19 years$52,063$42,591$34,603$27,943$22,445$15,490
20 years$48,941$39,578$31,757$25,308$20,048$13,508
21 years$46,120$36,865$29,211$22,968$17,941$11,798
22 years$43,560$34,412$26,922$20,883$16,082$10,318
23 years$41,225$32,185$24,858$19,019$14,436$9,035
24 years$39,088$30,155$22,989$17,346$12,975$7,918
25 years$37,125$28,299$21,293$15,842$11,676$6,946
26 years$35,316$26,597$19,748$14,485$10,517$6,098
27 years$33,644$25,031$18,338$13,258$9,482$5,356
28 years$32,094$23,586$17,047$12,147$8,556$4,708
29 years$30,654$22,251$15,864$11,139$7,726$4,140
30 years$29,312$21,014$14,777$10,223$6,981$3,642
31 years$28,059$19,865$13,776$9,389$6,311$3,206
32 years$26,887$18,796$12,853$8,629$5,709$2,822
33 years$25,788$17,800$12,001$7,935$5,167$2,486
34 years$24,756$16,871$11,213$7,301$4,678$2,190
35 years$23,785$16,002$10,483$6,721$4,237$1,929
36 years$22,871$15,188$9,807$6,190$3,839$1,700
37 years$22,007$14,425$9,179$5,703$3,479$1,499
38 years$21,191$13,709$8,596$5,257$3,154$1,321
39 years$20,419$13,036$8,053$4,847$2,860$1,165
40 years$19,687$12,402$7,548$4,471$2,594$1,027
41 years$18,993$11,806$7,078$4,125$2,354$906
42 years$18,333$11,244$6,639$3,807$2,136$799
43 years$17,706$10,713$6,230$3,514$1,938$705
44 years$17,109$10,212$5,848$3,245$1,759$622
45 years$16,540$9,738$5,491$2,996$1,597$548
46 years$15,998$9,289$5,157$2,768$1,450$484
47 years$15,480$8,865$4,845$2,557$1,317$427
48 years$14,985$8,463$4,553$2,363$1,196$377
49 years$14,512$8,081$4,280$2,184$1,086$332
50 years$14,059$7,720$4,024$2,018$987$293

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $14,400,000, adding $5,806 every year, while hoping to spend $45,555 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: 61/9/30 Blend
79$14,400,000$14,400,000$14,400,000$14,400,000
80$15,874,789$15,111,589$14,888,389$16,713,721
81$17,445,547$15,803,587$15,338,680$17,978,737
82$19,174,996$16,527,965$15,802,529$19,353,629
83$21,079,274$17,286,264$16,280,341$20,853,580
84$23,176,163$18,080,094$16,772,536$22,490,826
85$25,485,260$18,911,147$17,279,544$24,278,833
86$28,028,156$19,781,192$17,801,808$26,232,420
87$30,828,644$20,692,087$18,339,786$28,367,899
88$33,912,943$21,645,777$18,893,946$30,703,222
89$37,309,944$22,644,301$19,464,773$33,258,155
90$41,051,482$23,689,795$20,052,767$36,054,455
91$45,172,638$24,784,500$20,658,440$39,116,073
92$49,712,071$25,930,764$21,282,321$42,469,383
93$54,712,378$27,131,047$21,924,955$46,143,421
94$60,220,501$28,387,929$22,586,901$50,170,160
95$66,288,167$29,704,113$23,268,738$54,584,807
96$72,972,379$31,082,433$23,971,059$59,426,130
97$80,335,949$32,525,860$24,694,477$64,736,825
98$88,448,095$34,037,506$25,439,621$70,563,911
99$97,385,094$35,620,637$26,207,141$76,959,172
100$107,230,998$37,278,673$26,997,705$83,979,639