Can I retire at age 80 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,232,214
2 years$641,827$629,874$618,289$607,057$596,162$576,340
3 years$423,635$411,630$400,074$388,947$378,230$358,928
4 years$314,560$302,591$291,151$280,215$269,757$251,124
5 years$249,132$237,235$225,945$215,232$205,065$187,154
6 years$205,527$193,720$182,598$172,122$162,261$145,094
7 years$174,394$162,686$151,739$141,511$131,961$115,544
8 years$151,054$139,452$128,687$118,710$109,475$93,803
9 years$132,910$121,418$110,838$101,115$92,194$77,260
10 years$118,404$107,024$96,631$87,162$78,553$64,346
11 years$106,543$95,277$85,073$75,857$67,559$54,062
12 years$96,666$85,516$75,500$66,537$58,545$45,743
13 years$88,315$77,281$67,454$58,742$51,052$38,926
14 years$81,163$70,247$60,608$52,145$44,752$33,282
15 years$74,970$64,171$54,721$46,504$39,403$28,568
16 years$69,557$58,876$49,612$41,639$34,825$24,602
17 years$64,785$54,223$45,145$37,412$30,878$21,246
18 years$60,549$50,104$41,212$33,716$27,455$18,391
19 years$56,763$46,436$37,727$30,465$24,472$15,952
20 years$53,359$43,151$34,624$27,592$21,858$13,860
21 years$50,284$40,193$31,848$25,042$19,561$12,060
22 years$47,492$37,519$29,353$22,769$17,533$10,507
23 years$44,947$35,091$27,102$20,736$15,739$9,164
24 years$42,617$32,878$25,065$18,912$14,147$8,001
25 years$40,477$30,854$23,215$17,272$12,730$6,990
26 years$38,505$28,998$21,531$15,792$11,467$6,112
27 years$36,682$27,290$19,993$14,455$10,338$5,348
28 years$34,992$25,716$18,586$13,244$9,328$4,681
29 years$33,421$24,260$17,296$12,145$8,423$4,100
30 years$31,958$22,911$16,111$11,146$7,611$3,592
31 years$30,592$21,658$15,019$10,237$6,881$3,149
32 years$29,314$20,493$14,013$9,408$6,224$2,761
33 years$28,116$19,407$13,084$8,651$5,633$2,421
34 years$26,991$18,394$12,225$7,960$5,100$2,124
35 years$25,933$17,446$11,430$7,328$4,619$1,863
36 years$24,935$16,559$10,692$6,749$4,185$1,635
37 years$23,994$15,727$10,008$6,218$3,793$1,435
38 years$23,104$14,946$9,372$5,731$3,439$1,260
39 years$22,262$14,213$8,780$5,284$3,119$1,106
40 years$21,464$13,522$8,230$4,874$2,829$971
41 years$20,707$12,872$7,717$4,497$2,566$853
42 years$19,988$12,259$7,239$4,150$2,329$749
43 years$19,305$11,680$6,793$3,831$2,113$658
44 years$18,654$11,133$6,376$3,537$1,918$578
45 years$18,034$10,617$5,987$3,267$1,741$508
46 years$17,442$10,128$5,623$3,018$1,581$446
47 years$16,878$9,665$5,283$2,788$1,436$392
48 years$16,338$9,227$4,964$2,576$1,304$344
49 years$15,822$8,811$4,666$2,381$1,184$302
50 years$15,329$8,417$4,387$2,201$1,076$266

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,700,000, adding $5,761 every year, while hoping to spend $21,340 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: 65/8/27 Blend
79$15,700,000$15,700,000$15,700,000$15,700,000
80$17,307,342$16,475,242$16,231,892$18,308,809
81$19,049,986$17,259,824$16,752,955$19,770,577
82$20,969,664$18,082,134$17,290,758$21,364,779
83$23,084,411$18,944,000$17,845,840$23,106,851
84$25,414,101$19,847,337$18,418,756$25,011,346
85$27,980,635$20,794,152$19,010,080$27,094,279
86$30,808,145$21,786,551$19,620,404$29,373,279
87$33,923,227$22,826,742$20,250,338$31,867,751
88$37,355,185$23,917,042$20,900,513$34,599,057
89$41,136,314$25,059,877$21,571,581$37,590,715
90$45,302,202$26,257,795$22,264,212$40,868,618
91$49,892,065$27,513,465$22,979,102$44,461,274
92$54,949,118$28,829,688$23,716,965$48,400,073
93$60,520,985$30,209,400$24,478,540$52,719,580
94$66,660,145$31,655,680$25,264,590$57,457,858
95$73,424,429$33,171,757$26,075,903$62,656,821
96$80,877,565$34,761,018$26,913,290$68,362,630
97$89,089,783$36,427,013$27,777,592$74,626,121
98$98,138,472$38,173,468$28,669,672$81,503,283
99$108,108,915$40,004,287$29,590,425$89,055,781
100$119,095,094$41,923,567$30,540,774$97,351,536