Can I retire at age 80 with 17,000,000?

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 $17,000,000?

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$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,344,246
2 years$694,972$682,029$669,485$657,323$645,526$634,078
3 years$458,713$445,714$433,201$421,153$409,548$398,366
4 years$340,606$327,647$315,260$303,417$292,093$281,262
5 years$269,760$256,879$244,654$233,053$222,044$211,597
6 years$222,546$209,761$197,717$186,375$175,696$165,646
7 years$188,834$176,157$164,304$153,229$142,888$133,239
8 years$163,562$150,999$139,343$128,540$118,539$109,291
9 years$143,916$131,472$120,016$109,487$99,827$90,977
10 years$128,208$115,886$104,632$94,379$85,058$76,601
11 years$115,365$103,166$92,117$82,138$73,153$65,082
12 years$104,670$92,597$81,751$72,046$63,393$55,701
13 years$95,628$83,680$73,039$63,606$55,280$47,959
14 years$87,883$76,063$65,626$56,462$48,458$41,499
15 years$81,178$69,485$59,252$50,355$42,666$36,058
16 years$75,316$63,751$53,720$45,087$37,708$31,442
17 years$70,150$58,712$48,883$40,510$33,435$27,499
18 years$65,562$54,253$44,624$36,508$29,729$24,112
19 years$61,463$50,281$40,851$32,988$26,498$21,189
20 years$57,778$46,724$37,491$29,877$23,668$18,656
21 years$54,448$43,521$34,485$27,115$21,180$16,454
22 years$51,425$40,625$31,783$24,654$18,985$14,532
23 years$48,669$37,996$29,346$22,453$17,042$12,851
24 years$46,146$35,600$27,140$20,478$15,318$11,377
25 years$43,829$33,409$25,137$18,702$13,784$10,082
26 years$41,693$31,399$23,313$17,100$12,416$8,942
27 years$39,719$29,550$21,649$15,652$11,194$7,937
28 years$37,889$27,845$20,125$14,341$10,101$7,049
29 years$36,189$26,268$18,728$13,151$9,121$6,264
30 years$34,605$24,808$17,445$12,069$8,241$5,570
31 years$33,126$23,452$16,263$11,085$7,451$4,955
32 years$31,742$22,190$15,174$10,187$6,740$4,410
33 years$30,445$21,014$14,168$9,368$6,099$3,926
34 years$29,226$19,917$13,238$8,619$5,522$3,496
35 years$28,080$18,891$12,376$7,934$5,002$3,114
36 years$27,000$17,930$11,578$7,307$4,532$2,775
37 years$25,981$17,029$10,836$6,733$4,107$2,473
38 years$25,017$16,184$10,148$6,206$3,724$2,204
39 years$24,106$15,389$9,507$5,722$3,377$1,965
40 years$23,242$14,642$8,911$5,278$3,063$1,752
41 years$22,422$13,938$8,356$4,869$2,779$1,563
42 years$21,643$13,274$7,838$4,494$2,521$1,394
43 years$20,903$12,647$7,355$4,148$2,288$1,243
44 years$20,198$12,055$6,904$3,830$2,077$1,109
45 years$19,527$11,496$6,483$3,537$1,886$990
46 years$18,886$10,967$6,089$3,268$1,712$883
47 years$18,275$10,465$5,720$3,019$1,555$788
48 years$17,691$9,991$5,375$2,790$1,412$703
49 years$17,132$9,541$5,053$2,578$1,282$628
50 years$16,598$9,114$4,750$2,383$1,165$560

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $17,000,000, adding $3,037 every year, while hoping to spend $39,980 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: 46/46/8 Blend
79$17,000,000$17,000,000$17,000,000$17,000,000
80$18,737,133$17,836,133$17,572,633$19,557,554
81$20,605,782$18,667,565$18,118,777$20,954,459
82$22,663,693$19,538,397$18,681,878$22,464,521
83$24,930,129$20,450,518$19,262,461$24,101,659
84$27,426,316$21,405,907$19,861,067$25,877,636
85$30,175,644$22,406,640$20,478,256$27,805,353
86$33,203,886$23,454,891$21,114,603$29,898,976
87$36,539,443$24,552,942$21,770,704$32,174,050
88$40,213,614$25,703,184$22,447,170$34,647,644
89$44,260,885$26,908,123$23,144,633$37,338,505
90$48,719,261$28,170,386$23,863,743$40,267,217
91$53,630,619$29,492,729$24,605,173$43,456,395
92$59,041,109$30,878,039$25,369,613$46,930,884
93$65,001,584$32,329,345$26,157,777$50,717,983
94$71,568,084$33,849,821$26,970,400$54,847,691
95$78,802,361$35,442,795$27,808,241$59,352,981
96$86,772,466$37,111,755$28,672,081$64,270,099
97$95,553,387$38,860,362$29,562,726$69,638,889
98$105,227,762$40,692,449$30,481,007$75,503,160
99$115,886,653$42,612,038$31,427,780$81,911,087
100$127,630,409$44,623,345$32,403,928$88,915,645