Can I retire at age 80 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,270,486
2 years$654,092$641,910$630,104$618,657$607,554$602,126
3 years$431,730$419,495$407,719$396,379$385,457$380,146
4 years$320,570$308,373$296,715$285,569$274,911$269,758
5 years$253,892$241,768$230,263$219,344$208,983$204,002
6 years$209,455$197,422$186,087$175,411$165,361$160,560
7 years$177,726$165,795$154,639$144,215$134,483$129,863
8 years$153,940$142,117$131,146$120,979$111,567$107,129
9 years$135,450$123,738$112,956$103,047$93,955$89,698
10 years$120,667$109,069$98,478$88,828$80,054$75,977
11 years$108,579$97,098$86,698$77,307$68,850$64,949
12 years$98,513$87,150$76,942$67,808$59,664$55,936
13 years$90,002$78,758$68,743$59,865$52,028$48,470
14 years$82,714$71,589$61,766$53,141$45,607$42,216
15 years$76,403$65,398$55,766$47,392$40,156$36,927
16 years$70,886$60,001$50,560$42,435$35,490$32,419
17 years$66,023$55,259$46,008$38,127$31,468$28,550
18 years$61,706$51,062$41,999$34,360$27,980$25,210
19 years$57,847$47,323$38,448$31,048$24,939$22,313
20 years$54,379$43,975$35,286$28,120$22,276$19,789
21 years$51,245$40,961$32,456$25,520$19,935$17,581
22 years$48,400$38,236$29,913$23,204$17,869$15,644
23 years$45,806$35,761$27,620$21,132$16,040$13,939
24 years$43,431$33,506$25,544$19,274$14,417$12,435
25 years$41,250$31,444$23,659$17,602$12,973$11,104
26 years$39,241$29,552$21,942$16,094$11,686$9,926
27 years$37,383$27,812$20,375$14,731$10,536$8,880
28 years$35,661$26,207$18,941$13,497$9,506$7,950
29 years$34,060$24,723$17,627$12,377$8,584$7,122
30 years$32,569$23,348$16,418$11,359$7,756$6,384
31 years$31,177$22,072$15,306$10,433$7,012$5,725
32 years$29,875$20,885$14,281$9,588$6,343$5,137
33 years$28,654$19,778$13,334$8,817$5,741$4,611
34 years$27,507$18,745$12,459$8,112$5,197$4,141
35 years$26,428$17,779$11,648$7,468$4,708$3,719
36 years$25,412$16,875$10,897$6,878$4,265$3,342
37 years$24,452$16,028$10,199$6,337$3,866$3,004
38 years$23,546$15,232$9,551$5,841$3,505$2,700
39 years$22,688$14,484$8,948$5,385$3,178$2,428
40 years$21,875$13,780$8,387$4,967$2,883$2,184
41 years$21,103$13,118$7,864$4,583$2,615$1,964
42 years$20,370$12,493$7,377$4,230$2,373$1,767
43 years$19,674$11,903$6,922$3,904$2,154$1,590
44 years$19,010$11,346$6,498$3,605$1,955$1,431
45 years$18,378$10,820$6,101$3,329$1,775$1,288
46 years$17,776$10,322$5,731$3,075$1,611$1,159
47 years$17,200$9,850$5,384$2,841$1,463$1,043
48 years$16,650$9,403$5,059$2,625$1,329$939
49 years$16,125$8,979$4,755$2,426$1,207$846
50 years$15,622$8,577$4,471$2,243$1,096$761

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $16,000,000, adding $2,818 every year, while hoping to spend $42,245 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: 69/14/17 Blend