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%16.5%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,257,521
2 years$662,268$649,934$637,980$626,390$615,148$580,841
3 years$437,126$424,739$412,815$401,334$390,275$357,025
4 years$324,577$312,228$300,424$289,139$278,348$246,409
5 years$257,066$244,791$233,141$222,086$211,595$181,057
6 years$212,073$199,890$188,413$177,604$167,428$138,319
7 years$179,948$167,867$156,572$146,018$136,164$108,486
8 years$155,865$143,893$132,785$122,491$112,961$86,701
9 years$137,143$125,285$114,368$104,335$95,130$70,263
10 years$122,175$110,433$99,709$89,938$81,055$57,551
11 years$109,936$98,312$87,782$78,273$69,710$47,533
12 years$99,744$88,239$77,904$68,656$60,409$39,519
13 years$91,127$79,742$69,602$60,613$52,678$33,031
14 years$83,748$72,484$62,538$53,805$46,177$27,727
15 years$77,358$66,215$56,463$47,985$40,658$23,358
16 years$71,772$60,751$51,192$42,965$35,934$19,735
17 years$66,849$55,950$46,583$38,604$31,861$16,715
18 years$62,477$51,700$42,524$34,790$28,330$14,186
19 years$58,570$47,915$38,929$31,436$25,251$12,060
20 years$55,059$44,525$35,727$28,471$22,555$10,267
21 years$51,886$41,473$32,862$25,839$20,184$8,752
22 years$49,005$38,714$30,287$23,494$18,092$7,468
23 years$46,378$36,208$27,965$21,396$16,240$6,378
24 years$43,974$33,925$25,863$19,515$14,597$5,451
25 years$41,766$31,837$23,954$17,822$13,135$4,661
26 years$39,731$29,921$22,216$16,295$11,832$3,988
27 years$37,850$28,159$20,630$14,916$10,667$3,414
28 years$36,106$26,534$19,178$13,666$9,625$2,924
29 years$34,486$25,032$17,847$12,532$8,691$2,505
30 years$32,976$23,640$16,624$11,501$7,853$2,146
31 years$31,567$22,348$15,498$10,563$7,100$1,840
32 years$30,248$21,146$14,460$9,708$6,423$1,577
33 years$29,012$20,025$13,501$8,927$5,812$1,352
34 years$27,851$18,979$12,615$8,214$5,262$1,160
35 years$26,759$18,002$11,794$7,561$4,766$995
36 years$25,729$17,086$11,033$6,964$4,319$853
37 years$24,758$16,228$10,327$6,416$3,914$732
38 years$23,840$15,422$9,670$5,914$3,549$628
39 years$22,971$14,665$9,060$5,453$3,218$539
40 years$22,148$13,953$8,492$5,029$2,919$462
41 years$21,367$13,282$7,963$4,640$2,648$397
42 years$20,625$12,649$7,469$4,282$2,403$340
43 years$19,919$12,052$7,009$3,953$2,181$292
44 years$19,248$11,488$6,579$3,650$1,979$251
45 years$18,608$10,955$6,178$3,371$1,797$215
46 years$17,998$10,451$5,802$3,114$1,631$185
47 years$17,415$9,973$5,451$2,877$1,481$158
48 years$16,858$9,521$5,122$2,658$1,345$136
49 years$16,326$9,092$4,815$2,457$1,222$117
50 years$15,817$8,685$4,527$2,271$1,110$100

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 $5,655 every year, while hoping to spend $33,904 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: 52/29/19 Blend
79$16,200,000$16,200,000$16,200,000$16,200,000
80$17,858,233$16,999,633$16,748,533$18,693,337
81$19,643,699$17,796,542$17,273,535$20,065,085
82$21,610,147$18,631,362$17,814,989$21,552,305
83$23,776,000$19,505,917$18,373,409$23,169,214
84$26,161,561$20,422,116$18,949,327$24,928,132
85$28,789,202$21,381,961$19,543,291$26,842,595
86$31,683,576$22,387,553$20,155,867$28,927,481
87$34,871,849$23,441,091$20,787,637$31,199,142
88$38,383,957$24,544,885$21,439,203$33,675,551
89$42,252,889$25,701,352$22,111,184$36,376,470
90$46,514,995$26,913,030$22,804,220$39,323,627
91$51,210,334$28,182,578$23,518,971$42,540,916
92$56,383,048$29,512,784$24,256,117$46,054,613
93$62,081,780$30,906,572$25,016,358$49,893,622
94$68,360,135$32,367,007$25,800,419$54,089,733
95$75,277,181$33,897,303$26,609,046$58,677,919
96$82,898,012$35,500,829$27,443,007$63,696,658
97$91,294,358$37,181,118$28,303,096$69,188,286
98$100,545,265$38,941,875$29,190,132$75,199,386
99$110,737,839$40,786,984$30,104,959$81,781,221
100$121,968,070$42,720,518$31,048,447$88,990,207