Can I retire at age 80 with 15,800,000?

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:
Modify Bond Returns:
Modify Cash Returns:
Modify Inflation:
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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,219,096
2 years$645,915$633,886$622,227$610,924$599,959$559,218
3 years$426,333$414,251$402,622$391,425$380,639$341,254
4 years$316,563$304,519$293,006$281,999$271,475$233,748
5 years$250,719$238,746$227,385$216,603$206,371$170,403
6 years$206,836$194,954$183,761$173,219$163,294$129,115
7 years$175,504$163,722$152,706$142,413$132,802$100,407
8 years$152,016$140,340$129,507$119,467$110,172$79,539
9 years$133,757$122,191$111,544$101,759$92,781$63,874
10 years$119,158$107,706$97,247$87,717$79,054$51,829
11 years$107,222$95,884$85,614$76,340$67,989$42,396
12 years$97,282$86,060$75,981$66,961$58,918$34,900
13 years$88,877$77,773$67,884$59,116$51,377$28,876
14 years$81,680$70,694$60,994$52,477$45,037$23,989
15 years$75,448$64,580$55,069$46,800$39,654$19,997
16 years$70,000$59,251$49,928$41,904$35,047$16,714
17 years$65,198$54,568$45,433$37,651$31,075$14,002
18 years$60,935$50,423$41,474$33,931$27,630$11,751
19 years$57,124$46,732$37,968$30,659$24,627$9,878
20 years$53,699$43,425$34,845$27,768$21,998$8,314
21 years$50,604$40,449$32,051$25,201$19,685$7,005
22 years$47,795$37,758$29,540$22,914$17,645$5,908
23 years$45,233$35,314$27,275$20,868$15,839$4,986
24 years$42,889$33,087$25,224$19,033$14,237$4,211
25 years$40,735$31,051$23,363$17,382$12,811$3,558
26 years$38,750$29,182$21,668$15,893$11,540$3,008
27 years$36,915$27,464$20,120$14,547$10,404$2,544
28 years$35,215$25,879$18,705$13,328$9,388$2,152
29 years$33,634$24,414$17,406$12,222$8,477$1,821
30 years$32,162$23,057$16,213$11,217$7,659$1,541
31 years$30,787$21,796$15,115$10,302$6,925$1,305
32 years$29,501$20,624$14,103$9,468$6,264$1,105
33 years$28,295$19,531$13,168$8,707$5,669$936
34 years$27,163$18,511$12,303$8,011$5,133$792
35 years$26,098$17,557$11,503$7,374$4,649$671
36 years$25,094$16,664$10,760$6,792$4,212$568
37 years$24,147$15,827$10,072$6,258$3,817$482
38 years$23,251$15,042$9,432$5,768$3,461$408
39 years$22,404$14,303$8,836$5,318$3,138$346
40 years$21,601$13,608$8,282$4,905$2,847$293
41 years$20,839$12,954$7,766$4,526$2,583$248
42 years$20,116$12,337$7,285$4,177$2,343$210
43 years$19,428$11,754$6,836$3,856$2,127$178
44 years$18,773$11,204$6,417$3,560$1,930$151
45 years$18,149$10,684$6,025$3,288$1,753$128
46 years$17,553$10,192$5,659$3,037$1,591$108
47 years$16,985$9,727$5,316$2,806$1,445$92
48 years$16,442$9,285$4,996$2,593$1,312$78
49 years$15,923$8,867$4,696$2,396$1,192$66
50 years$15,426$8,470$4,415$2,215$1,082$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $15,800,000, adding $5,153 every year, while hoping to spend $56,017 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: 34/39/27 Blend