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

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,336,338
2 years$690,884$678,017$665,547$653,456$641,728$630,348
3 years$456,014$443,092$430,653$418,676$407,139$396,023
4 years$338,602$325,719$313,405$301,632$290,375$279,608
5 years$268,174$255,368$243,215$231,683$220,738$210,353
6 years$221,236$208,527$196,554$185,278$174,663$164,671
7 years$187,723$175,121$163,337$152,328$142,048$132,455
8 years$162,599$150,111$138,523$127,784$117,842$108,648
9 years$143,069$130,698$119,310$108,843$99,240$90,442
10 years$127,454$115,204$104,017$93,824$84,558$76,150
11 years$114,686$102,560$91,575$81,655$72,722$64,699
12 years$104,054$92,052$81,270$71,622$63,020$55,374
13 years$95,065$83,188$72,610$63,232$54,954$47,677
14 years$87,366$75,616$65,240$56,130$48,173$41,254
15 years$80,700$69,076$58,903$50,058$42,415$35,846
16 years$74,873$63,376$53,404$44,822$37,487$31,257
17 years$69,737$58,367$48,596$40,272$33,238$27,337
18 years$65,177$53,934$44,362$36,293$29,554$23,970
19 years$61,101$49,985$40,611$32,794$26,342$21,065
20 years$57,438$46,449$37,271$29,701$23,529$18,547
21 years$54,127$43,265$34,282$26,956$21,056$16,357
22 years$51,122$40,386$31,596$24,509$18,874$14,446
23 years$48,382$37,773$29,173$22,321$16,942$12,775
24 years$45,874$35,391$26,980$20,358$15,228$11,310
25 years$43,571$33,212$24,989$18,592$13,703$10,022
26 years$41,448$31,214$23,176$17,000$12,343$8,889
27 years$39,485$29,376$21,521$15,560$11,128$7,890
28 years$37,666$27,681$20,007$14,256$10,041$7,008
29 years$35,976$26,114$18,618$13,073$9,067$6,228
30 years$34,401$24,662$17,342$11,998$8,193$5,537
31 years$32,931$23,314$16,167$11,019$7,407$4,926
32 years$31,555$22,059$15,084$10,127$6,700$4,384
33 years$30,265$20,891$14,084$9,313$6,064$3,903
34 years$29,054$19,800$13,160$8,568$5,490$3,475
35 years$27,915$18,780$12,303$7,888$4,972$3,096
36 years$26,841$17,825$11,510$7,264$4,505$2,758
37 years$25,828$16,929$10,773$6,693$4,083$2,458
38 years$24,870$16,089$10,088$6,169$3,702$2,191
39 years$23,964$15,299$9,452$5,688$3,357$1,954
40 years$23,105$14,556$8,859$5,247$3,045$1,742
41 years$22,290$13,856$8,307$4,841$2,762$1,554
42 years$21,516$13,196$7,792$4,467$2,507$1,386
43 years$20,780$12,573$7,312$4,124$2,275$1,236
44 years$20,080$11,984$6,863$3,808$2,065$1,103
45 years$19,412$11,428$6,445$3,517$1,875$984
46 years$18,775$10,902$6,053$3,248$1,702$878
47 years$18,168$10,404$5,687$3,001$1,545$783
48 years$17,587$9,932$5,344$2,773$1,404$699
49 years$17,032$9,484$5,023$2,563$1,275$624
50 years$16,500$9,060$4,722$2,369$1,158$557

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 $2,278 every year, while hoping to spend $20,339 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: 53/19/28 Blend
79$16,900,000$16,900,000$16,900,000$16,900,000
80$18,626,150$17,730,450$17,468,500$19,467,508
81$20,504,376$18,577,601$18,032,054$20,898,178
82$22,573,501$19,465,582$18,613,806$22,452,051
83$24,852,972$20,396,370$19,214,343$24,142,749
84$27,364,225$21,372,041$19,834,272$25,983,380
85$30,130,877$22,394,772$20,474,222$27,988,355
86$33,178,956$23,466,846$21,134,838$30,173,516
87$36,537,143$24,590,654$21,816,788$32,556,286
88$40,237,044$25,768,709$22,520,763$35,155,824
89$44,313,488$27,003,641$23,247,474$37,993,203
90$48,804,855$28,298,211$23,997,656$41,091,603
91$53,753,441$29,655,314$24,772,068$44,476,523
92$59,205,853$31,077,986$25,571,494$48,176,017
93$65,213,452$32,569,409$26,396,741$52,220,951
94$71,832,838$34,132,923$27,248,645$56,645,289
95$79,126,380$35,772,030$28,128,067$61,486,407
96$87,162,812$37,490,400$29,035,898$66,785,439
97$96,017,874$39,291,885$29,973,056$72,587,654
98$105,775,032$41,180,523$30,940,489$78,942,881
99$116,526,266$43,160,549$31,939,176$85,905,970
100$128,372,935$45,236,405$32,970,128$93,537,298