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%15.1%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,288,115
2 years$674,532$661,969$649,794$637,990$626,540$598,845
3 years$445,221$432,604$420,460$408,766$397,502$370,595
4 years$330,588$318,010$305,987$294,493$283,502$257,590
5 years$261,826$249,324$237,459$226,199$215,514$190,670
6 years$216,000$203,592$191,902$180,893$170,529$146,779
7 years$183,280$170,976$159,471$148,722$138,686$116,036
8 years$158,751$146,558$135,244$124,759$115,053$93,496
9 years$139,683$127,605$116,486$106,267$96,891$76,411
10 years$124,437$112,478$101,555$91,603$82,556$63,133
11 years$111,972$100,132$89,407$79,722$71,001$52,610
12 years$101,592$89,873$79,347$69,927$61,528$44,142
13 years$92,815$81,219$70,891$61,735$53,654$37,242
14 years$85,299$73,826$63,696$54,802$47,032$31,564
15 years$78,790$67,441$57,509$48,873$41,411$26,851
16 years$73,101$61,876$52,140$43,761$36,599$22,914
17 years$68,087$56,986$47,446$39,319$32,451$19,605
18 years$63,634$52,657$43,312$35,434$28,854$16,810
19 years$59,655$48,802$39,650$32,018$25,718$14,441
20 years$56,078$45,349$36,389$28,998$22,972$12,426
21 years$52,846$42,241$33,470$26,318$20,558$10,706
22 years$49,912$39,431$30,848$23,929$18,427$9,235
23 years$47,237$36,879$28,483$21,793$16,541$7,973
24 years$44,789$34,553$26,342$19,876$14,867$6,890
25 years$42,540$32,426$24,398$18,152$13,378$5,959
26 years$40,467$30,475$22,628$16,597$12,051$5,156
27 years$38,551$28,681$21,012$15,192$10,865$4,464
28 years$36,775$27,026$19,533$13,919$9,804$3,867
29 years$35,124$25,496$18,177$12,764$8,852$3,351
30 years$33,587$24,078$16,932$11,714$7,999$2,905
31 years$32,151$22,762$15,785$10,759$7,232$2,519
32 years$30,808$21,537$14,727$9,887$6,541$2,185
33 years$29,549$20,396$13,751$9,092$5,920$1,895
34 years$28,367$19,331$12,848$8,366$5,360$1,644
35 years$27,254$18,335$12,012$7,701$4,855$1,427
36 years$26,206$17,403$11,237$7,092$4,399$1,239
37 years$25,216$16,529$10,518$6,535$3,987$1,075
38 years$24,281$15,708$9,849$6,023$3,614$934
39 years$23,397$14,937$9,228$5,554$3,277$811
40 years$22,558$14,211$8,649$5,123$2,973$704
41 years$21,763$13,528$8,110$4,726$2,697$611
42 years$21,007$12,883$7,608$4,362$2,447$531
43 years$20,288$12,275$7,139$4,026$2,221$461
44 years$19,604$11,701$6,701$3,718$2,016$400
45 years$18,953$11,158$6,292$3,433$1,830$348
46 years$18,331$10,644$5,910$3,171$1,662$302
47 years$17,738$10,158$5,552$2,930$1,509$262
48 years$17,171$9,697$5,217$2,707$1,370$228
49 years$16,629$9,260$4,904$2,502$1,245$198
50 years$16,110$8,846$4,610$2,313$1,130$172

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 $4,417 every year, while hoping to spend $26,725 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: 50/37/13 Blend
79$16,500,000$16,500,000$16,500,000$16,500,000
80$18,187,556$17,313,056$17,057,306$19,032,459
81$20,014,252$18,132,961$17,600,291$20,432,575
82$22,026,374$18,992,145$18,160,570$21,950,072
83$24,242,810$19,892,505$18,738,694$23,598,527
84$26,684,369$20,836,030$19,335,232$25,390,254
85$29,373,983$21,824,805$19,950,772$27,338,778
86$32,336,925$22,861,015$20,585,917$29,458,952
87$35,601,040$23,946,954$21,241,295$31,767,095
88$39,197,016$25,085,025$21,917,548$34,281,135
89$43,158,669$26,277,749$22,615,344$37,020,772
90$47,523,263$27,527,768$23,335,367$40,007,656
91$52,331,861$28,837,854$24,078,327$43,265,585
92$57,629,715$30,210,912$24,844,955$46,820,717
93$63,466,690$31,649,991$25,636,005$50,701,814
94$69,897,737$33,158,285$26,452,256$54,940,498
95$76,983,410$34,739,145$27,294,510$59,571,543
96$84,790,439$36,396,084$28,163,598$64,633,191
97$93,392,359$38,132,787$29,060,373$70,167,507
98$102,870,203$39,953,118$29,985,719$76,220,757
99$113,313,270$41,861,127$30,940,547$82,843,840
100$124,819,964$43,861,063$31,925,796$90,092,752