Can I retire at age 80 with 16,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,274,593
2 years$670,444$657,958$645,856$634,123$622,742$589,543
3 years$442,523$429,982$417,912$406,289$395,093$362,900
4 years$328,585$316,083$304,133$292,708$281,784$250,843
5 years$260,239$247,813$236,019$224,828$214,208$184,606
6 years$214,691$202,358$190,739$179,797$169,495$141,262
7 years$182,169$169,940$158,505$147,821$137,845$110,983
8 years$157,789$145,670$134,425$124,003$114,356$88,852
9 years$138,836$126,832$115,780$105,623$96,304$72,137
10 years$123,683$111,796$100,940$91,048$82,056$59,197
11 years$111,293$99,525$88,866$79,239$70,571$48,986
12 years$100,976$89,329$78,866$69,503$61,155$40,807
13 years$92,252$80,727$70,462$61,361$53,328$34,176
14 years$84,782$73,379$63,310$54,470$46,747$28,748
15 years$78,313$67,033$57,160$48,577$41,160$24,269
16 years$72,658$61,501$51,824$43,496$36,377$20,549
17 years$67,674$56,640$47,158$39,081$32,255$17,442
18 years$63,249$52,338$43,049$35,219$28,679$14,836
19 years$59,294$48,506$39,409$31,824$25,563$12,641
20 years$55,738$45,075$36,168$28,823$22,833$10,786
21 years$52,526$41,985$33,268$26,158$20,433$9,216
22 years$49,610$39,192$30,661$23,784$18,315$7,882
23 years$46,951$36,655$28,310$21,660$16,441$6,747
24 years$44,517$34,343$26,182$19,756$14,777$5,780
25 years$42,282$32,230$24,250$18,042$13,297$4,955
26 years$40,222$30,291$22,491$16,497$11,978$4,250
27 years$38,317$28,507$20,885$15,100$10,799$3,647
28 years$36,552$26,862$19,415$13,835$9,744$3,131
29 years$34,912$25,341$18,067$12,687$8,799$2,689
30 years$33,383$23,932$16,829$11,643$7,950$2,310
31 years$31,956$22,624$15,689$10,693$7,188$1,984
32 years$30,621$21,407$14,638$9,827$6,502$1,706
33 years$29,370$20,273$13,668$9,037$5,884$1,466
34 years$28,195$19,214$12,770$8,315$5,327$1,260
35 years$27,089$18,224$11,939$7,654$4,825$1,084
36 years$26,047$17,297$11,169$7,049$4,372$932
37 years$25,064$16,428$10,454$6,495$3,962$802
38 years$24,134$15,613$9,790$5,987$3,592$689
39 years$23,255$14,846$9,172$5,520$3,258$593
40 years$22,421$14,125$8,597$5,091$2,955$510
41 years$21,631$13,446$8,061$4,698$2,681$439
42 years$20,880$12,805$7,562$4,335$2,432$378
43 years$20,165$12,201$7,096$4,002$2,208$325
44 years$19,486$11,630$6,660$3,695$2,004$280
45 years$18,838$11,090$6,254$3,413$1,819$241
46 years$18,220$10,580$5,874$3,152$1,652$207
47 years$17,630$10,096$5,518$2,912$1,500$178
48 years$17,067$9,638$5,186$2,691$1,362$153
49 years$16,528$9,204$4,874$2,487$1,237$132
50 years$16,012$8,792$4,582$2,299$1,124$113

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $16,400,000, adding $5,013 every year, while hoping to spend $51,854 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: 82/9/9 Blend
79$16,400,000$16,400,000$16,400,000$16,400,000
80$18,077,971$17,208,771$16,954,571$19,537,216
81$19,866,752$17,996,828$17,467,377$21,281,224
82$21,836,250$18,821,763$17,995,624$23,188,117
83$24,004,845$19,685,326$18,539,774$25,280,053
84$26,392,787$20,589,355$19,100,305$27,575,548
85$29,022,392$21,535,774$19,677,706$30,094,996
86$31,918,249$22,526,601$20,272,482$32,860,855
87$35,107,454$23,563,948$20,885,154$35,897,857
88$38,619,865$24,650,031$21,516,257$39,233,241
89$42,488,382$25,787,174$22,166,342$42,897,010
90$46,749,261$26,977,809$22,835,978$46,922,207
91$51,442,451$28,224,488$23,525,750$51,345,230
92$56,611,978$29,529,884$24,236,259$56,206,167
93$62,306,351$30,896,800$24,968,125$61,549,178
94$68,579,030$32,328,174$25,721,988$67,422,907
95$75,488,920$33,827,084$26,498,504$73,880,937
96$83,100,936$35,396,757$27,298,350$80,982,294
97$91,486,611$37,040,578$28,122,224$88,792,003
98$100,724,770$38,762,090$28,970,843$97,381,695
99$110,902,276$40,565,013$29,844,946$106,830,284
100$122,114,851$42,453,241$30,745,295$117,224,705