Can I retire at age 80 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,301,451
2 years$674,532$661,969$649,794$637,990$626,540$612,160
3 years$445,221$432,604$420,460$408,766$397,502$383,470
4 years$330,588$318,010$305,987$294,493$283,502$269,926
5 years$261,826$249,324$237,459$226,199$215,514$202,434
6 years$216,000$203,592$191,902$180,893$170,529$157,961
7 years$183,280$170,976$159,471$148,722$138,686$126,635
8 years$158,751$146,558$135,244$124,759$115,053$103,519
9 years$139,683$127,605$116,486$106,267$96,891$85,869
10 years$124,437$112,478$101,555$91,603$82,556$72,039
11 years$111,972$100,132$89,407$79,722$71,001$60,980
12 years$101,592$89,873$79,347$69,927$61,528$51,993
13 years$92,815$81,219$70,891$61,735$53,654$44,593
14 years$85,299$73,826$63,696$54,802$47,032$38,433
15 years$78,790$67,441$57,509$48,873$41,411$33,260
16 years$73,101$61,876$52,140$43,761$36,599$28,883
17 years$68,087$56,986$47,446$39,319$32,451$25,155
18 years$63,634$52,657$43,312$35,434$28,854$21,963
19 years$59,655$48,802$39,650$32,018$25,718$19,217
20 years$56,078$45,349$36,389$28,998$22,972$16,846
21 years$52,846$42,241$33,470$26,318$20,558$14,791
22 years$49,912$39,431$30,848$23,929$18,427$13,005
23 years$47,237$36,879$28,483$21,793$16,541$11,448
24 years$44,789$34,553$26,342$19,876$14,867$10,088
25 years$42,540$32,426$24,398$18,152$13,378$8,898
26 years$40,467$30,475$22,628$16,597$12,051$7,855
27 years$38,551$28,681$21,012$15,192$10,865$6,938
28 years$36,775$27,026$19,533$13,919$9,804$6,133
29 years$35,124$25,496$18,177$12,764$8,852$5,424
30 years$33,587$24,078$16,932$11,714$7,999$4,799
31 years$32,151$22,762$15,785$10,759$7,232$4,248
32 years$30,808$21,537$14,727$9,887$6,541$3,762
33 years$29,549$20,396$13,751$9,092$5,920$3,332
34 years$28,367$19,331$12,848$8,366$5,360$2,953
35 years$27,254$18,335$12,012$7,701$4,855$2,617
36 years$26,206$17,403$11,237$7,092$4,399$2,320
37 years$25,216$16,529$10,518$6,535$3,987$2,057
38 years$24,281$15,708$9,849$6,023$3,614$1,825
39 years$23,397$14,937$9,228$5,554$3,277$1,618
40 years$22,558$14,211$8,649$5,123$2,973$1,436
41 years$21,763$13,528$8,110$4,726$2,697$1,274
42 years$21,007$12,883$7,608$4,362$2,447$1,130
43 years$20,288$12,275$7,139$4,026$2,221$1,003
44 years$19,604$11,701$6,701$3,718$2,016$890
45 years$18,953$11,158$6,292$3,433$1,830$790
46 years$18,331$10,644$5,910$3,171$1,662$701
47 years$17,738$10,158$5,552$2,930$1,509$623
48 years$17,171$9,697$5,217$2,707$1,370$553
49 years$16,629$9,260$4,904$2,502$1,245$491
50 years$16,110$8,846$4,610$2,313$1,130$436

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $16,500,000, adding $5,150 every year, while hoping to spend $59,129 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: 65/12/23 Blend
79$16,500,000$16,500,000$16,500,000$16,500,000
80$18,188,312$17,313,812$17,058,062$19,262,113
81$19,980,607$18,099,276$17,566,595$20,771,139
82$21,953,735$18,921,246$18,090,181$22,412,577
83$24,126,077$19,781,449$18,629,263$24,205,214
84$26,517,889$20,681,692$19,184,296$26,163,895
85$29,151,492$21,623,873$19,755,748$28,304,956
86$32,051,478$22,609,977$20,344,100$30,646,381
87$35,244,949$23,642,086$20,949,847$33,207,960
88$38,761,767$24,722,381$21,573,500$36,011,480
89$42,634,838$25,853,148$22,215,583$39,080,925
90$46,900,422$27,036,783$22,876,636$42,442,697
91$51,598,476$28,275,797$23,557,214$46,125,867
92$56,773,029$29,572,820$24,257,889$50,162,438
93$62,472,600$30,930,609$24,979,250$54,587,653
94$68,750,651$32,352,055$25,721,901$59,440,314
95$75,666,097$33,840,186$26,486,465$64,763,151
96$83,283,860$35,398,175$27,273,582$70,603,221
97$91,675,479$37,029,351$28,083,912$77,012,341
98$100,919,788$38,737,200$28,918,133$84,047,583
99$111,103,659$40,525,375$29,776,943$91,771,796
100$122,322,821$42,397,707$30,661,060$100,254,207