Can I retire at age 80 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,150,886
2 years$600,947$589,755$578,908$568,391$558,190$536,794
3 years$396,652$385,411$374,592$364,174$354,139$333,326
4 years$294,524$283,318$272,607$262,367$252,575$232,506
5 years$233,263$222,125$211,554$201,523$192,003$172,735
6 years$192,436$181,382$170,967$161,159$151,926$133,480
7 years$163,286$152,324$142,074$132,498$123,556$105,938
8 years$141,433$130,570$120,490$111,149$102,502$85,707
9 years$124,445$113,684$103,778$94,674$86,321$70,340
10 years$110,862$100,207$90,476$81,610$73,550$58,368
11 years$99,757$89,209$79,654$71,025$63,256$48,855
12 years$90,509$80,069$70,691$62,299$54,816$41,177
13 years$82,690$72,359$63,158$55,001$47,801$34,903
14 years$75,993$65,772$56,747$48,823$41,902$29,721
15 years$70,195$60,084$51,235$43,542$36,894$25,407
16 years$65,127$55,126$46,452$38,987$32,607$21,788
17 years$60,659$50,769$42,270$35,029$28,911$18,736
18 years$56,692$46,913$38,587$31,569$25,707$16,147
19 years$53,147$43,478$35,324$28,525$22,913$13,944
20 years$49,961$40,402$32,419$25,835$20,466$12,061
21 years$47,081$37,633$29,819$23,447$18,315$10,447
22 years$44,467$35,129$27,483$21,318$16,417$9,060
23 years$42,084$32,856$25,376$19,415$14,737$7,866
24 years$39,903$30,784$23,468$17,708$13,246$6,835
25 years$37,899$28,889$21,736$16,172$11,919$5,944
26 years$36,052$27,151$20,159$14,787$10,736$5,172
27 years$34,345$25,552$18,720$13,535$9,680$4,503
28 years$32,763$24,078$17,402$12,401$8,734$3,923
29 years$31,293$22,714$16,194$11,372$7,887$3,419
30 years$29,923$21,451$15,084$10,436$7,126$2,981
31 years$28,644$20,279$14,063$9,585$6,443$2,600
32 years$27,447$19,188$13,121$8,809$5,828$2,268
33 years$26,326$18,171$12,251$8,100$5,274$1,979
34 years$25,272$17,222$11,447$7,453$4,775$1,727
35 years$24,281$16,335$10,702$6,861$4,325$1,508
36 years$23,347$15,504$10,011$6,319$3,919$1,317
37 years$22,466$14,725$9,370$5,822$3,552$1,150
38 years$21,633$13,994$8,775$5,366$3,220$1,004
39 years$20,844$13,307$8,221$4,948$2,920$877
40 years$20,097$12,661$7,706$4,564$2,648$766
41 years$19,388$12,052$7,225$4,211$2,403$669
42 years$18,715$11,478$6,778$3,886$2,180$585
43 years$18,075$10,936$6,360$3,587$1,979$511
44 years$17,466$10,424$5,970$3,312$1,796$446
45 years$16,885$9,941$5,606$3,059$1,631$390
46 years$16,331$9,483$5,265$2,825$1,480$341
47 years$15,803$9,050$4,946$2,610$1,344$298
48 years$15,298$8,639$4,648$2,412$1,221$260
49 years$14,815$8,250$4,369$2,229$1,109$228
50 years$14,352$7,881$4,107$2,060$1,007$199

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $14,700,000, adding $5,698 every year, while hoping to spend $22,807 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: 52/34/14 Blend
79$14,700,000$14,700,000$14,700,000$14,700,000
80$16,205,277$15,426,177$15,198,327$16,986,781
81$17,833,949$16,157,794$15,683,205$18,253,413
82$19,627,981$16,924,495$16,183,561$19,627,370
83$21,604,216$17,727,976$16,699,891$21,121,168
84$23,781,213$18,570,014$17,232,705$22,746,149
85$26,179,426$19,452,473$17,782,529$24,514,775
86$28,821,390$20,377,307$18,349,907$26,440,736
87$31,731,942$21,346,566$18,935,399$28,539,076
88$34,938,450$22,362,397$19,539,585$30,826,327
89$38,471,072$23,427,055$20,163,061$33,320,663
90$42,363,042$24,542,901$20,806,444$36,042,059
91$46,650,982$25,712,413$21,470,370$39,012,477
92$51,375,250$26,938,188$22,155,495$42,256,065
93$56,580,317$28,222,952$22,862,496$45,799,377
94$62,315,193$29,569,560$23,592,073$49,671,616
95$68,633,882$30,981,007$24,344,947$53,904,903
96$75,595,897$32,460,436$25,121,862$58,534,569
97$83,266,821$34,011,140$25,923,586$63,599,481
98$91,718,923$35,636,572$26,750,913$69,142,399
99$101,031,845$37,340,356$27,604,660$75,210,373
100$111,293,349$39,126,289$28,485,672$81,855,169