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%17.3%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,261,210
2 years$666,356$653,946$641,918$630,257$618,945$580,400
3 years$439,824$427,361$415,363$403,811$392,684$355,378
4 years$326,581$314,155$302,278$290,923$280,066$244,284
5 years$258,653$246,302$234,580$223,457$212,901$178,741
6 years$213,382$201,124$189,576$178,700$168,462$135,953
7 years$181,058$168,903$157,538$146,919$137,004$106,148
8 years$156,827$144,781$133,605$123,247$113,658$84,434
9 years$137,990$126,058$115,074$104,979$95,717$68,095
10 years$122,929$111,114$100,324$90,493$81,556$55,498
11 years$110,615$98,918$88,324$78,756$70,140$45,602
12 years$100,360$88,784$78,385$69,080$60,782$37,714
13 years$91,690$80,235$70,032$60,987$53,003$31,352
14 years$84,265$72,931$62,924$54,137$46,462$26,174
15 years$77,835$66,624$56,812$48,281$40,909$21,925
16 years$72,215$61,126$51,508$43,230$36,156$18,419
17 years$67,261$56,295$46,870$38,842$32,058$15,509
18 years$62,863$52,019$42,787$35,005$28,505$13,085
19 years$58,932$48,211$39,169$31,630$25,407$11,057
20 years$55,399$44,800$35,948$28,647$22,694$9,356
21 years$52,206$41,729$33,065$25,999$20,308$7,926
22 years$49,307$38,953$30,474$23,639$18,204$6,721
23 years$46,665$36,432$28,138$21,528$16,341$5,704
24 years$44,246$34,134$26,023$19,635$14,687$4,844
25 years$42,024$32,033$24,102$17,932$13,216$4,116
26 years$39,976$30,106$22,353$16,396$11,905$3,499
27 years$38,084$28,333$20,757$15,008$10,733$2,976
28 years$36,329$26,698$19,296$13,750$9,685$2,532
29 years$34,699$25,187$17,957$12,609$8,745$2,155
30 years$33,180$23,786$16,726$11,572$7,902$1,835
31 years$31,762$22,486$15,593$10,628$7,144$1,562
32 years$30,435$21,276$14,549$9,768$6,462$1,330
33 years$29,191$20,149$13,584$8,982$5,848$1,133
34 years$28,023$19,097$12,692$8,264$5,295$965
35 years$26,924$18,113$11,867$7,608$4,796$822
36 years$25,888$17,192$11,101$7,007$4,345$701
37 years$24,911$16,328$10,390$6,456$3,938$597
38 years$23,987$15,518$9,730$5,950$3,570$509
39 years$23,113$14,756$9,116$5,486$3,238$434
40 years$22,285$14,039$8,544$5,060$2,937$370
41 years$21,499$13,364$8,012$4,669$2,664$315
42 years$20,752$12,727$7,515$4,309$2,418$268
43 years$20,042$12,126$7,052$3,978$2,194$229
44 years$19,367$11,559$6,620$3,673$1,992$195
45 years$18,723$11,023$6,216$3,392$1,808$166
46 years$18,109$10,515$5,838$3,133$1,642$142
47 years$17,523$10,035$5,485$2,895$1,491$121
48 years$16,963$9,579$5,154$2,675$1,354$103
49 years$16,427$9,148$4,845$2,472$1,229$88
50 years$15,914$8,738$4,555$2,285$1,117$75

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 $2,323 every year, while hoping to spend $44,869 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: 62/21/17 Blend
79$16,300,000$16,300,000$16,300,000$16,300,000
80$17,964,996$17,101,096$16,848,446$19,001,602
81$19,749,686$17,891,310$17,365,129$20,489,800
82$21,714,909$18,718,740$17,897,617$22,108,469
83$23,879,035$19,585,163$18,446,391$23,874,490
84$26,262,301$20,492,440$19,011,950$25,802,190
85$28,887,010$21,442,524$19,594,805$27,907,325
86$31,777,737$22,437,460$20,195,483$30,207,231
87$34,961,562$23,479,391$20,814,527$32,720,976
88$38,468,325$24,570,565$21,452,498$35,469,544
89$42,330,910$25,713,339$22,109,972$38,476,022
90$46,585,552$26,910,181$22,787,545$41,765,814
91$51,272,179$28,163,680$23,485,828$45,366,881
92$56,434,791$29,476,551$24,205,454$49,309,993
93$62,121,874$30,851,636$24,947,071$53,629,019
94$68,386,858$32,291,920$25,711,351$58,361,240
95$75,288,620$33,800,526$26,498,983$63,547,692
96$82,892,040$35,380,732$27,310,680$69,233,551
97$91,268,614$37,035,974$28,147,174$75,468,553
98$100,497,129$38,769,853$29,009,220$82,307,452
99$110,664,404$40,586,144$29,897,598$89,810,538
100$121,866,114$42,488,806$30,813,107$98,044,190