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%12.8%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,300,370
2 years$674,532$661,969$649,794$637,990$626,540$611,076
3 years$445,221$432,604$420,460$408,766$397,502$382,419
4 years$330,588$318,010$305,987$294,493$283,502$268,914
5 years$261,826$249,324$237,459$226,199$215,514$201,464
6 years$216,000$203,592$191,902$180,893$170,529$157,035
7 years$183,280$170,976$159,471$148,722$138,686$125,752
8 years$158,751$146,558$135,244$124,759$115,053$102,680
9 years$139,683$127,605$116,486$106,267$96,891$85,073
10 years$124,437$112,478$101,555$91,603$82,556$71,285
11 years$111,972$100,132$89,407$79,722$71,001$60,267
12 years$101,592$89,873$79,347$69,927$61,528$51,320
13 years$92,815$81,219$70,891$61,735$53,654$43,958
14 years$85,299$73,826$63,696$54,802$47,032$37,836
15 years$78,790$67,441$57,509$48,873$41,411$32,699
16 years$73,101$61,876$52,140$43,761$36,599$28,356
17 years$68,087$56,986$47,446$39,319$32,451$24,662
18 years$63,634$52,657$43,312$35,434$28,854$21,502
19 years$59,655$48,802$39,650$32,018$25,718$18,787
20 years$56,078$45,349$36,389$28,998$22,972$16,444
21 years$52,846$42,241$33,470$26,318$20,558$14,417
22 years$49,912$39,431$30,848$23,929$18,427$12,656
23 years$47,237$36,879$28,483$21,793$16,541$11,124
24 years$44,789$34,553$26,342$19,876$14,867$9,788
25 years$42,540$32,426$24,398$18,152$13,378$8,619
26 years$40,467$30,475$22,628$16,597$12,051$7,597
27 years$38,551$28,681$21,012$15,192$10,865$6,700
28 years$36,775$27,026$19,533$13,919$9,804$5,913
29 years$35,124$25,496$18,177$12,764$8,852$5,221
30 years$33,587$24,078$16,932$11,714$7,999$4,612
31 years$32,151$22,762$15,785$10,759$7,232$4,076
32 years$30,808$21,537$14,727$9,887$6,541$3,603
33 years$29,549$20,396$13,751$9,092$5,920$3,186
34 years$28,367$19,331$12,848$8,366$5,360$2,819
35 years$27,254$18,335$12,012$7,701$4,855$2,494
36 years$26,206$17,403$11,237$7,092$4,399$2,207
37 years$25,216$16,529$10,518$6,535$3,987$1,954
38 years$24,281$15,708$9,849$6,023$3,614$1,730
39 years$23,397$14,937$9,228$5,554$3,277$1,532
40 years$22,558$14,211$8,649$5,123$2,973$1,357
41 years$21,763$13,528$8,110$4,726$2,697$1,202
42 years$21,007$12,883$7,608$4,362$2,447$1,064
43 years$20,288$12,275$7,139$4,026$2,221$943
44 years$19,604$11,701$6,701$3,718$2,016$835
45 years$18,953$11,158$6,292$3,433$1,830$740
46 years$18,331$10,644$5,910$3,171$1,662$656
47 years$17,738$10,158$5,552$2,930$1,509$581
48 years$17,171$9,697$5,217$2,707$1,370$515
49 years$16,629$9,260$4,904$2,502$1,245$456
50 years$16,110$8,846$4,610$2,313$1,130$404

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 $4,644 every year, while hoping to spend $40,438 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: 38/47/15 Blend
79$16,500,000$16,500,000$16,500,000$16,500,000
80$18,187,790$17,313,290$17,057,540$18,796,316
81$19,999,919$18,118,616$17,585,942$20,037,323
82$21,995,530$18,962,047$18,130,690$21,373,382
83$24,193,295$19,845,408$18,692,289$22,816,397
84$26,613,790$20,770,612$19,271,260$24,376,008
85$29,279,688$21,739,664$19,868,139$26,062,781
86$32,215,973$22,754,664$20,483,478$27,888,301
87$35,450,177$23,817,817$21,117,849$29,865,272
88$39,012,637$24,931,432$21,771,839$32,007,627
89$42,936,784$26,097,931$22,446,054$34,330,654
90$47,259,457$27,319,850$23,141,118$36,851,128
91$52,021,251$28,599,852$23,857,675$39,587,461
92$57,266,900$29,940,726$24,596,388$42,559,862
93$63,045,699$31,345,397$25,357,942$45,790,524
94$69,411,969$32,816,930$26,143,042$49,303,814
95$76,425,570$34,358,540$26,952,414$53,126,498
96$84,152,466$35,973,596$27,786,808$57,287,976
97$92,665,347$37,665,632$28,646,996$61,820,550
98$102,044,317$39,438,352$29,533,774$66,759,713
99$112,377,644$41,295,639$30,447,963$72,144,471
100$123,762,603$43,241,564$31,390,408$78,017,696