Can I retire at age 80 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,333,556
2 years$690,884$678,017$665,547$653,456$641,728$627,556
3 years$456,014$443,092$430,653$418,676$407,139$393,307
4 years$338,602$325,719$313,405$301,632$290,375$276,990
5 years$268,174$255,368$243,215$231,683$220,738$207,840
6 years$221,236$208,527$196,554$185,278$174,663$162,267
7 years$187,723$175,121$163,337$152,328$142,048$130,159
8 years$162,599$150,111$138,523$127,784$117,842$106,461
9 years$143,069$130,698$119,310$108,843$99,240$88,361
10 years$127,454$115,204$104,017$93,824$84,558$74,175
11 years$114,686$102,560$91,575$81,655$72,722$62,827
12 years$104,054$92,052$81,270$71,622$63,020$53,601
13 years$95,065$83,188$72,610$63,232$54,954$46,002
14 years$87,366$75,616$65,240$56,130$48,173$39,674
15 years$80,700$69,076$58,903$50,058$42,415$34,357
16 years$74,873$63,376$53,404$44,822$37,487$29,856
17 years$69,737$58,367$48,596$40,272$33,238$26,021
18 years$65,177$53,934$44,362$36,293$29,554$22,735
19 years$61,101$49,985$40,611$32,794$26,342$19,908
20 years$57,438$46,449$37,271$29,701$23,529$17,464
21 years$54,127$43,265$34,282$26,956$21,056$15,345
22 years$51,122$40,386$31,596$24,509$18,874$13,502
23 years$48,382$37,773$29,173$22,321$16,942$11,895
24 years$45,874$35,391$26,980$20,358$15,228$10,490
25 years$43,571$33,212$24,989$18,592$13,703$9,259
26 years$41,448$31,214$23,176$17,000$12,343$8,180
27 years$39,485$29,376$21,521$15,560$11,128$7,232
28 years$37,666$27,681$20,007$14,256$10,041$6,397
29 years$35,976$26,114$18,618$13,073$9,067$5,662
30 years$34,401$24,662$17,342$11,998$8,193$5,014
31 years$32,931$23,314$16,167$11,019$7,407$4,442
32 years$31,555$22,059$15,084$10,127$6,700$3,937
33 years$30,265$20,891$14,084$9,313$6,064$3,491
34 years$29,054$19,800$13,160$8,568$5,490$3,095
35 years$27,915$18,780$12,303$7,888$4,972$2,746
36 years$26,841$17,825$11,510$7,264$4,505$2,436
37 years$25,828$16,929$10,773$6,693$4,083$2,162
38 years$24,870$16,089$10,088$6,169$3,702$1,919
39 years$23,964$15,299$9,452$5,688$3,357$1,704
40 years$23,105$14,556$8,859$5,247$3,045$1,513
41 years$22,290$13,856$8,307$4,841$2,762$1,343
42 years$21,516$13,196$7,792$4,467$2,507$1,193
43 years$20,780$12,573$7,312$4,124$2,275$1,060
44 years$20,080$11,984$6,863$3,808$2,065$941
45 years$19,412$11,428$6,445$3,517$1,875$836
46 years$18,775$10,902$6,053$3,248$1,702$743
47 years$18,168$10,404$5,687$3,001$1,545$660
48 years$17,587$9,932$5,344$2,773$1,404$586
49 years$17,032$9,484$5,023$2,563$1,275$521
50 years$16,500$9,060$4,722$2,369$1,158$463

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $16,900,000, adding $4,411 every year, while hoping to spend $36,393 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: 73/7/20 Blend
79$16,900,000$16,900,000$16,900,000$16,900,000
80$18,628,350$17,732,650$17,470,700$19,898,680
81$20,489,720$18,562,828$18,017,247$21,573,669
82$22,539,730$19,432,465$18,580,883$23,403,284
83$24,797,582$20,343,456$19,162,142$25,406,783
84$27,284,438$21,297,788$19,761,577$27,601,448
85$30,023,614$22,297,543$20,379,753$30,006,309
86$33,040,806$23,344,906$21,017,258$32,642,315
87$36,364,327$24,442,165$21,674,695$35,532,539
88$40,025,378$25,591,720$22,352,686$38,702,385
89$44,058,340$26,796,088$23,051,875$42,179,829
90$48,501,101$28,057,907$23,772,924$45,995,682
91$53,395,412$29,379,943$24,516,515$50,183,872
92$58,787,279$30,765,095$25,283,353$54,781,772
93$64,727,401$32,216,404$26,074,165$59,830,537
94$71,271,645$33,737,057$26,889,699$65,375,503
95$78,481,577$35,330,397$27,730,728$71,466,599
96$86,425,039$36,999,928$28,598,049$78,158,824
97$95,176,792$38,749,323$29,492,482$85,512,761
98$104,819,221$40,582,436$30,414,876$93,595,143
99$115,443,110$42,503,304$31,366,103$102,479,480
100$127,148,505$44,516,163$32,347,065$112,246,751