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

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,282,884
2 years$674,532$661,969$649,794$637,990$626,540$593,653
3 years$445,221$432,604$420,460$408,766$397,502$365,607
4 years$330,588$318,010$305,987$294,493$283,502$252,842
5 years$261,826$249,324$237,459$226,199$215,514$186,175
6 years$216,000$203,592$191,902$180,893$170,529$142,540
7 years$183,280$170,976$159,471$148,722$138,686$112,050
8 years$158,751$146,558$135,244$124,759$115,053$89,759
9 years$139,683$127,605$116,486$106,267$96,891$72,918
10 years$124,437$112,478$101,555$91,603$82,556$59,875
11 years$111,972$100,132$89,407$79,722$71,001$49,579
12 years$101,592$89,873$79,347$69,927$61,528$41,328
13 years$92,815$81,219$70,891$61,735$53,654$34,636
14 years$85,299$73,826$63,696$54,802$47,032$29,155
15 years$78,790$67,441$57,509$48,873$41,411$24,629
16 years$73,101$61,876$52,140$43,761$36,599$20,869
17 years$68,087$56,986$47,446$39,319$32,451$17,727
18 years$63,634$52,657$43,312$35,434$28,854$15,089
19 years$59,655$48,802$39,650$32,018$25,718$12,866
20 years$56,078$45,349$36,389$28,998$22,972$10,987
21 years$52,846$42,241$33,470$26,318$20,558$9,394
22 years$49,912$39,431$30,848$23,929$18,427$8,041
23 years$47,237$36,879$28,483$21,793$16,541$6,888
24 years$44,789$34,553$26,342$19,876$14,867$5,906
25 years$42,540$32,426$24,398$18,152$13,378$5,067
26 years$40,467$30,475$22,628$16,597$12,051$4,349
27 years$38,551$28,681$21,012$15,192$10,865$3,735
28 years$36,775$27,026$19,533$13,919$9,804$3,209
29 years$35,124$25,496$18,177$12,764$8,852$2,758
30 years$33,587$24,078$16,932$11,714$7,999$2,371
31 years$32,151$22,762$15,785$10,759$7,232$2,039
32 years$30,808$21,537$14,727$9,887$6,541$1,754
33 years$29,549$20,396$13,751$9,092$5,920$1,509
34 years$28,367$19,331$12,848$8,366$5,360$1,298
35 years$27,254$18,335$12,012$7,701$4,855$1,117
36 years$26,206$17,403$11,237$7,092$4,399$962
37 years$25,216$16,529$10,518$6,535$3,987$828
38 years$24,281$15,708$9,849$6,023$3,614$713
39 years$23,397$14,937$9,228$5,554$3,277$614
40 years$22,558$14,211$8,649$5,123$2,973$528
41 years$21,763$13,528$8,110$4,726$2,697$455
42 years$21,007$12,883$7,608$4,362$2,447$392
43 years$20,288$12,275$7,139$4,026$2,221$337
44 years$19,604$11,701$6,701$3,718$2,016$290
45 years$18,953$11,158$6,292$3,433$1,830$250
46 years$18,331$10,644$5,910$3,171$1,662$215
47 years$17,738$10,158$5,552$2,930$1,509$185
48 years$17,171$9,697$5,217$2,707$1,370$160
49 years$16,629$9,260$4,904$2,502$1,245$138
50 years$16,110$8,846$4,610$2,313$1,130$118

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 $4,621 every year, while hoping to spend $47,737 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: 60/33/7 Blend
79$16,500,000$16,500,000$16,500,000$16,500,000
80$18,187,767$17,313,267$17,057,517$19,252,731
81$19,992,127$18,110,825$17,578,152$20,763,959
82$21,978,932$18,945,864$18,114,628$22,405,639
83$24,166,741$19,820,169$18,667,426$24,195,000
84$26,576,004$20,735,613$19,237,040$26,146,248
85$29,229,256$21,694,157$19,823,981$28,275,000
86$32,151,329$22,697,859$20,428,772$30,598,424
87$35,369,585$23,748,875$21,051,956$33,135,398
88$38,914,175$24,849,462$21,694,090$35,906,680
89$42,818,326$26,001,991$22,355,747$38,935,102
90$47,118,650$27,208,943$23,037,519$42,245,773
91$51,855,492$28,472,921$23,740,015$45,866,315
92$57,073,309$29,796,652$24,463,864$49,827,112
93$62,821,094$31,182,995$25,209,710$54,161,596
94$69,152,832$32,634,948$25,978,222$58,906,546
95$76,128,012$34,155,652$26,770,084$64,102,436
96$83,812,191$35,748,400$27,586,003$69,793,801
97$92,277,609$37,416,646$28,426,708$76,029,656
98$101,603,871$39,164,008$29,292,949$82,863,942
99$111,878,701$40,994,279$30,185,498$90,356,033
100$123,198,768$42,911,438$31,105,152$98,571,279