Can I retire at age 80 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,345,424
2 years$699,060$686,041$673,423$661,189$649,323$631,062
3 years$461,411$448,335$435,749$423,630$411,957$394,157
4 years$342,609$329,574$317,114$305,202$293,811$276,609
5 years$271,347$258,390$246,093$234,424$223,351$206,796
6 years$223,855$210,995$198,880$187,471$176,730$160,843
7 years$189,945$177,193$165,270$154,130$143,729$128,515
8 years$164,524$151,887$140,162$129,296$119,237$104,695
9 years$144,762$132,245$120,722$110,132$100,415$86,538
10 years$128,962$116,568$105,248$94,934$85,558$72,337
11 years$116,044$103,773$92,659$82,621$73,583$61,004
12 years$105,286$93,141$82,232$72,470$63,765$51,815
13 years$96,190$84,173$73,469$63,980$55,605$44,267
14 years$88,400$76,511$66,012$56,794$48,743$38,001
15 years$81,655$69,894$59,600$50,651$42,917$32,752
16 years$75,759$64,126$54,036$45,352$37,930$28,324
17 years$70,563$59,058$49,171$40,749$33,631$24,564
18 years$65,948$54,572$44,887$36,723$29,904$21,356
19 years$61,824$50,577$41,092$33,182$26,654$18,604
20 years$58,117$46,998$37,712$30,053$23,808$16,237
21 years$54,768$43,777$34,688$27,275$21,305$14,192
22 years$51,727$40,864$31,970$24,799$19,097$12,421
23 years$48,955$38,220$29,519$22,585$17,143$10,884
24 years$46,417$35,809$27,300$20,599$15,408$9,547
25 years$44,086$33,605$25,285$18,812$13,865$8,381
26 years$41,938$31,584$23,451$17,201$12,489$7,363
27 years$39,953$29,724$21,776$15,744$11,260$6,473
28 years$38,112$28,009$20,244$14,425$10,160$5,694
29 years$36,402$26,423$18,838$13,228$9,174$5,012
30 years$34,808$24,954$17,547$12,140$8,290$4,413
31 years$33,320$23,589$16,359$11,150$7,495$3,887
32 years$31,928$22,320$15,263$10,247$6,779$3,425
33 years$30,624$21,138$14,251$9,423$6,135$3,019
34 years$29,398$20,034$13,315$8,670$5,555$2,661
35 years$28,245$19,002$12,449$7,981$5,031$2,347
36 years$27,159$18,035$11,646$7,350$4,559$2,070
37 years$26,133$17,130$10,900$6,772$4,132$1,826
38 years$25,164$16,279$10,208$6,242$3,746$1,611
39 years$24,247$15,480$9,563$5,756$3,397$1,422
40 years$23,378$14,728$8,964$5,309$3,081$1,255
41 years$22,554$14,020$8,405$4,898$2,795$1,108
42 years$21,771$13,352$7,884$4,520$2,536$978
43 years$21,026$12,722$7,398$4,173$2,302$863
44 years$20,317$12,126$6,945$3,853$2,089$762
45 years$19,642$11,564$6,521$3,558$1,897$673
46 years$18,998$11,031$6,125$3,287$1,722$594
47 years$18,383$10,527$5,754$3,037$1,564$525
48 years$17,795$10,049$5,407$2,806$1,420$463
49 years$17,233$9,597$5,082$2,593$1,290$409
50 years$16,696$9,167$4,778$2,397$1,172$361

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $17,100,000, adding $5,631 every year, while hoping to spend $22,609 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: 41/43/16 Blend
79$17,100,000$17,100,000$17,100,000$17,100,000
80$18,850,008$17,943,708$17,678,658$19,533,626
81$20,748,653$18,798,894$18,246,838$20,873,213
82$22,840,203$19,695,227$18,833,293$22,319,553
83$25,144,308$20,634,697$19,438,613$23,884,510
84$27,682,626$21,619,396$20,063,405$25,578,912
85$30,479,021$22,651,514$20,708,296$27,414,632
86$33,559,790$23,733,347$21,373,933$29,404,696
87$36,953,913$24,867,305$22,060,984$31,563,394
88$40,693,323$26,055,914$22,770,139$33,906,409
89$44,813,212$27,301,824$23,502,108$36,450,952
90$49,352,359$28,607,812$24,257,628$39,215,920
91$54,353,496$29,976,792$25,037,456$42,222,061
92$59,863,717$31,411,819$25,842,374$45,492,158
93$65,934,914$32,916,096$26,673,192$49,051,237
94$72,624,274$34,492,983$27,530,742$52,926,790
95$79,994,814$36,146,004$28,415,887$57,149,021
96$88,115,980$37,878,853$29,329,513$61,751,119
97$97,064,298$39,695,405$30,272,540$66,769,561
98$106,924,100$41,599,723$31,245,914$72,244,440
99$117,788,318$43,596,069$32,250,612$78,219,827
100$129,759,362$45,688,912$33,287,643$84,744,177