Can I retire at age 80 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,245,976
2 years$662,268$649,934$637,980$626,390$615,148$569,459
3 years$437,126$424,739$412,815$401,334$390,275$346,168
4 years$324,577$312,228$300,424$289,139$278,348$236,158
5 years$257,066$244,791$233,141$222,086$211,595$171,435
6 years$212,073$199,890$188,413$177,604$167,428$129,327
7 years$179,948$167,867$156,572$146,018$136,164$100,114
8 years$155,865$143,893$132,785$122,491$112,961$78,933
9 years$137,143$125,285$114,368$104,335$95,130$63,078
10 years$122,175$110,433$99,709$89,938$81,055$50,926
11 years$109,936$98,312$87,782$78,273$69,710$41,441
12 years$99,744$88,239$77,904$68,656$60,409$33,933
13 years$91,127$79,742$69,602$60,613$52,678$27,923
14 years$83,748$72,484$62,538$53,805$46,177$23,069
15 years$77,358$66,215$56,463$47,985$40,658$19,120
16 years$71,772$60,751$51,192$42,965$35,934$15,889
17 years$66,849$55,950$46,583$38,604$31,861$13,233
18 years$62,477$51,700$42,524$34,790$28,330$11,040
19 years$58,570$47,915$38,929$31,436$25,251$9,224
20 years$55,059$44,525$35,727$28,471$22,555$7,716
21 years$51,886$41,473$32,862$25,839$20,184$6,462
22 years$49,005$38,714$30,287$23,494$18,092$5,415
23 years$46,378$36,208$27,965$21,396$16,240$4,542
24 years$43,974$33,925$25,863$19,515$14,597$3,811
25 years$41,766$31,837$23,954$17,822$13,135$3,200
26 years$39,731$29,921$22,216$16,295$11,832$2,688
27 years$37,850$28,159$20,630$14,916$10,667$2,258
28 years$36,106$26,534$19,178$13,666$9,625$1,898
29 years$34,486$25,032$17,847$12,532$8,691$1,596
30 years$32,976$23,640$16,624$11,501$7,853$1,342
31 years$31,567$22,348$15,498$10,563$7,100$1,128
32 years$30,248$21,146$14,460$9,708$6,423$949
33 years$29,012$20,025$13,501$8,927$5,812$798
34 years$27,851$18,979$12,615$8,214$5,262$672
35 years$26,759$18,002$11,794$7,561$4,766$565
36 years$25,729$17,086$11,033$6,964$4,319$476
37 years$24,758$16,228$10,327$6,416$3,914$400
38 years$23,840$15,422$9,670$5,914$3,549$337
39 years$22,971$14,665$9,060$5,453$3,218$283
40 years$22,148$13,953$8,492$5,029$2,919$238
41 years$21,367$13,282$7,963$4,640$2,648$201
42 years$20,625$12,649$7,469$4,282$2,403$169
43 years$19,919$12,052$7,009$3,953$2,181$142
44 years$19,248$11,488$6,579$3,650$1,979$120
45 years$18,608$10,955$6,178$3,371$1,797$101
46 years$17,998$10,451$5,802$3,114$1,631$85
47 years$17,415$9,973$5,451$2,877$1,481$71
48 years$16,858$9,521$5,122$2,658$1,345$60
49 years$16,326$9,092$4,815$2,457$1,222$51
50 years$15,817$8,685$4,527$2,271$1,110$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $16,200,000, adding $6,981 every year, while hoping to spend $40,040 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: 66/17/17 Blend
79$16,200,000$16,200,000$16,200,000$16,200,000
80$17,859,601$17,001,001$16,749,901$18,963,722
81$19,638,678$17,791,448$17,268,420$20,493,793
82$21,597,879$18,619,284$17,802,968$22,160,413
83$23,755,534$19,486,301$18,354,039$23,981,267
84$26,131,842$20,394,373$18,922,143$25,971,469
85$28,749,061$21,345,468$19,507,806$28,147,652
86$31,631,717$22,341,648$20,111,569$30,528,115
87$34,806,837$23,385,073$20,733,991$33,133,001
88$38,304,202$24,478,010$21,375,648$35,984,476
89$42,156,631$25,622,833$22,037,133$39,106,936
90$46,400,289$26,822,033$22,719,058$42,527,237
91$51,075,025$28,078,220$23,422,053$46,274,939
92$56,224,755$29,394,129$24,146,769$50,382,585
93$61,897,869$30,772,631$24,893,875$54,885,999
94$68,147,694$32,216,732$25,664,062$59,824,624
95$75,032,992$33,729,586$26,458,042$65,241,889
96$82,618,520$35,314,498$27,276,549$71,185,608
97$90,975,634$36,974,934$28,120,339$77,708,433
98$100,182,970$38,714,527$28,990,191$84,868,343
99$110,327,181$40,537,086$29,886,910$92,729,181
100$121,503,756$42,446,606$30,811,324$101,361,258