Can I retire at age 80 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,268,363
2 years$666,356$653,946$641,918$630,257$618,945$587,477
3 years$439,824$427,361$415,363$403,811$392,684$362,153
4 years$326,581$314,155$302,278$290,923$280,066$250,707
5 years$258,653$246,302$234,580$223,457$212,901$184,797
6 years$213,382$201,124$189,576$178,700$168,462$141,640
7 years$181,058$168,903$157,538$146,919$137,004$111,468
8 years$156,827$144,781$133,605$123,247$113,658$89,398
9 years$137,990$126,058$115,074$104,979$95,717$72,712
10 years$122,929$111,114$100,324$90,493$81,556$59,780
11 years$110,615$98,918$88,324$78,756$70,140$49,563
12 years$100,360$88,784$78,385$69,080$60,782$41,369
13 years$91,690$80,235$70,032$60,987$53,003$34,717
14 years$84,265$72,931$62,924$54,137$46,462$29,263
15 years$77,835$66,624$56,812$48,281$40,909$24,756
16 years$72,215$61,126$51,508$43,230$36,156$21,006
17 years$67,261$56,295$46,870$38,842$32,058$17,869
18 years$62,863$52,019$42,787$35,005$28,505$15,232
19 years$58,932$48,211$39,169$31,630$25,407$13,008
20 years$55,399$44,800$35,948$28,647$22,694$11,125
21 years$52,206$41,729$33,065$25,999$20,308$9,527
22 years$49,307$38,953$30,474$23,639$18,204$8,167
23 years$46,665$36,432$28,138$21,528$16,341$7,007
24 years$44,246$34,134$26,023$19,635$14,687$6,017
25 years$42,024$32,033$24,102$17,932$13,216$5,171
26 years$39,976$30,106$22,353$16,396$11,905$4,446
27 years$38,084$28,333$20,757$15,008$10,733$3,824
28 years$36,329$26,698$19,296$13,750$9,685$3,291
29 years$34,699$25,187$17,957$12,609$8,745$2,833
30 years$33,180$23,786$16,726$11,572$7,902$2,440
31 years$31,762$22,486$15,593$10,628$7,144$2,102
32 years$30,435$21,276$14,549$9,768$6,462$1,811
33 years$29,191$20,149$13,584$8,982$5,848$1,560
34 years$28,023$19,097$12,692$8,264$5,295$1,345
35 years$26,924$18,113$11,867$7,608$4,796$1,159
36 years$25,888$17,192$11,101$7,007$4,345$1,000
37 years$24,911$16,328$10,390$6,456$3,938$862
38 years$23,987$15,518$9,730$5,950$3,570$743
39 years$23,113$14,756$9,116$5,486$3,238$641
40 years$22,285$14,039$8,544$5,060$2,937$553
41 years$21,499$13,364$8,012$4,669$2,664$477
42 years$20,752$12,727$7,515$4,309$2,418$411
43 years$20,042$12,126$7,052$3,978$2,194$355
44 years$19,367$11,559$6,620$3,673$1,992$306
45 years$18,723$11,023$6,216$3,392$1,808$264
46 years$18,109$10,515$5,838$3,133$1,642$228
47 years$17,523$10,035$5,485$2,895$1,491$196
48 years$16,963$9,579$5,154$2,675$1,354$169
49 years$16,427$9,148$4,845$2,472$1,229$146
50 years$15,914$8,738$4,555$2,285$1,117$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $16,300,000, adding $2,320 every year, while hoping to spend $33,406 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: 32/47/21 Blend
79$16,300,000$16,300,000$16,300,000$16,300,000
80$17,964,993$17,101,093$16,848,443$18,423,079
81$19,761,879$17,903,503$17,377,322$19,569,509
82$21,740,927$18,744,111$17,922,799$20,800,303
83$23,920,683$19,624,754$18,485,395$22,125,331
84$26,321,583$20,547,358$19,065,646$23,552,866
85$28,966,147$21,513,940$19,664,107$25,091,962
86$31,879,188$22,526,617$20,281,348$26,752,540
87$35,088,052$23,587,608$20,917,960$28,545,463
88$38,622,871$24,699,239$21,574,550$30,482,637
89$42,516,851$25,863,949$22,251,745$32,577,109
90$46,806,582$27,084,295$22,950,190$34,843,184
91$51,532,385$28,362,957$23,670,553$37,296,547
92$56,738,693$29,702,747$24,413,522$39,954,402
93$62,474,471$31,106,612$25,179,806$42,835,623
94$68,793,673$32,577,642$25,970,135$45,960,919
95$75,755,758$34,119,077$26,785,265$49,353,019
96$83,426,247$35,734,314$27,625,973$53,036,872
97$91,877,343$37,426,914$28,493,063$57,039,870
98$101,188,612$39,200,613$29,387,360$61,392,092
99$111,447,734$41,059,326$30,309,720$66,126,574
100$122,751,329$43,007,160$31,261,022$71,279,602