Can I retire at age 80 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,280,869
2 years$682,708$669,993$657,671$645,723$634,134$583,540
3 years$450,618$437,848$425,556$413,721$402,321$353,536
4 years$334,595$321,865$309,696$298,063$286,938$240,335
5 years$265,000$252,346$240,337$228,941$218,126$173,824
6 years$218,618$206,059$194,228$183,086$172,596$130,625
7 years$185,501$173,048$161,404$150,525$140,367$100,715
8 years$160,675$148,334$136,884$126,272$116,448$79,077
9 years$141,376$129,152$117,898$107,555$98,066$62,922
10 years$125,946$113,841$102,786$92,714$83,557$50,576
11 years$113,329$101,346$90,491$80,689$71,862$40,969
12 years$102,823$90,963$80,309$70,775$62,274$33,390
13 years$93,940$82,204$71,750$62,484$54,304$27,345
14 years$86,333$74,721$64,468$55,466$47,603$22,481
15 years$79,745$68,259$58,206$49,466$41,913$18,540
16 years$73,987$62,626$52,772$44,291$37,043$15,329
17 years$68,912$57,676$48,021$39,795$32,845$12,701
18 years$64,405$53,296$43,837$35,864$29,204$10,541
19 years$60,378$49,394$40,130$32,406$26,030$8,760
20 years$56,758$45,899$36,830$29,350$23,251$7,289
21 years$53,487$42,753$33,876$26,637$20,807$6,071
22 years$50,517$39,909$31,222$24,219$18,650$5,060
23 years$47,810$37,326$28,828$22,057$16,742$4,220
24 years$45,332$34,972$26,661$20,117$15,048$3,522
25 years$43,055$32,819$24,694$18,372$13,541$2,941
26 years$40,957$30,845$22,902$16,798$12,197$2,456
27 years$39,018$29,029$21,267$15,376$10,997$2,052
28 years$37,221$27,353$19,770$14,088$9,922$1,715
29 years$35,550$25,805$18,398$12,919$8,960$1,433
30 years$33,994$24,370$17,137$11,856$8,096$1,198
31 years$32,541$23,038$15,976$10,889$7,319$1,002
32 years$31,182$21,798$14,906$10,007$6,621$838
33 years$29,907$20,643$13,918$9,202$5,992$701
34 years$28,710$19,565$13,004$8,467$5,425$586
35 years$27,584$18,557$12,158$7,794$4,914$490
36 years$26,523$17,614$11,373$7,178$4,452$410
37 years$25,522$16,729$10,645$6,614$4,035$343
38 years$24,576$15,898$9,969$6,096$3,658$287
39 years$23,680$15,118$9,340$5,621$3,317$240
40 years$22,832$14,383$8,754$5,185$3,009$201
41 years$22,026$13,692$8,209$4,783$2,730$168
42 years$21,262$13,039$7,700$4,415$2,477$141
43 years$20,534$12,424$7,225$4,075$2,248$118
44 years$19,842$11,843$6,782$3,763$2,040$99
45 years$19,182$11,293$6,368$3,475$1,852$82
46 years$18,553$10,773$5,981$3,210$1,682$69
47 years$17,953$10,281$5,619$2,966$1,527$58
48 years$17,379$9,814$5,281$2,740$1,387$48
49 years$16,830$9,372$4,963$2,533$1,260$40
50 years$16,305$8,953$4,666$2,341$1,144$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $16,700,000, adding $4,253 every year, while hoping to spend $34,898 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: 76/19/5 Blend
79$16,700,000$16,700,000$16,700,000$16,700,000
80$18,407,787$17,522,687$17,263,837$19,801,057
81$20,248,250$18,344,167$17,805,044$21,537,852
82$22,275,271$19,204,731$18,363,212$23,435,988
83$24,507,841$20,106,255$18,938,873$25,515,348
84$26,966,889$21,050,710$19,532,573$27,793,878
85$29,675,476$22,040,159$20,144,879$30,291,336
86$32,659,015$23,076,768$20,776,373$33,029,466
87$35,945,509$24,162,804$21,427,656$36,032,204
88$39,565,817$25,300,647$22,099,348$39,325,902
89$43,553,943$26,492,791$22,792,089$42,939,569
90$47,947,359$27,741,851$23,506,537$46,905,145
91$52,787,356$29,050,569$24,243,373$51,257,793
92$58,119,439$30,421,820$25,003,299$56,036,233
93$63,993,749$31,858,616$25,787,037$61,283,099
94$70,465,542$33,364,118$26,595,332$67,045,335
95$77,595,707$34,941,640$27,428,956$73,374,639
96$85,451,343$36,594,654$28,288,700$80,327,941
97$94,106,391$38,326,804$29,175,383$87,967,936
98$103,642,334$40,141,908$30,089,849$96,363,672
99$114,148,961$42,043,970$31,032,968$105,591,193
100$125,725,220$44,037,190$32,005,637$115,734,254