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%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,346,539
2 years$699,060$686,041$673,423$661,189$649,323$632,178
3 years$461,411$448,335$435,749$423,630$411,957$395,239
4 years$342,609$329,574$317,114$305,202$293,811$277,648
5 years$271,347$258,390$246,093$234,424$223,351$207,791
6 years$223,855$210,995$198,880$187,471$176,730$161,791
7 years$189,945$177,193$165,270$154,130$143,729$129,417
8 years$164,524$151,887$140,162$129,296$119,237$105,551
9 years$144,762$132,245$120,722$110,132$100,415$87,348
10 years$128,962$116,568$105,248$94,934$85,558$73,103
11 years$116,044$103,773$92,659$82,621$73,583$61,727
12 years$105,286$93,141$82,232$72,470$63,765$52,496
13 years$96,190$84,173$73,469$63,980$55,605$44,908
14 years$88,400$76,511$66,012$56,794$48,743$38,602
15 years$81,655$69,894$59,600$50,651$42,917$33,316
16 years$75,759$64,126$54,036$45,352$37,930$28,851
17 years$70,563$59,058$49,171$40,749$33,631$25,057
18 years$65,948$54,572$44,887$36,723$29,904$21,815
19 years$61,824$50,577$41,092$33,182$26,654$19,033
20 years$58,117$46,998$37,712$30,053$23,808$16,635
21 years$54,768$43,777$34,688$27,275$21,305$14,562
22 years$51,727$40,864$31,970$24,799$19,097$12,764
23 years$48,955$38,220$29,519$22,585$17,143$11,202
24 years$46,417$35,809$27,300$20,599$15,408$9,841
25 years$44,086$33,605$25,285$18,812$13,865$8,653
26 years$41,938$31,584$23,451$17,201$12,489$7,614
27 years$39,953$29,724$21,776$15,744$11,260$6,705
28 years$38,112$28,009$20,244$14,425$10,160$5,907
29 years$36,402$26,423$18,838$13,228$9,174$5,207
30 years$34,808$24,954$17,547$12,140$8,290$4,593
31 years$33,320$23,589$16,359$11,150$7,495$4,052
32 years$31,928$22,320$15,263$10,247$6,779$3,576
33 years$30,624$21,138$14,251$9,423$6,135$3,157
34 years$29,398$20,034$13,315$8,670$5,555$2,788
35 years$28,245$19,002$12,449$7,981$5,031$2,463
36 years$27,159$18,035$11,646$7,350$4,559$2,176
37 years$26,133$17,130$10,900$6,772$4,132$1,923
38 years$25,164$16,279$10,208$6,242$3,746$1,700
39 years$24,247$15,480$9,563$5,756$3,397$1,503
40 years$23,378$14,728$8,964$5,309$3,081$1,328
41 years$22,554$14,020$8,405$4,898$2,795$1,174
42 years$21,771$13,352$7,884$4,520$2,536$1,039
43 years$21,026$12,722$7,398$4,173$2,302$918
44 years$20,317$12,126$6,945$3,853$2,089$812
45 years$19,642$11,564$6,521$3,558$1,897$718
46 years$18,998$11,031$6,125$3,287$1,722$636
47 years$18,383$10,527$5,754$3,037$1,564$562
48 years$17,795$10,049$5,407$2,806$1,420$497
49 years$17,233$9,597$5,082$2,593$1,290$440
50 years$16,696$9,167$4,778$2,397$1,172$389

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 $5,912 every year, while hoping to spend $57,578 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: 44/30/26 Blend
79$17,100,000$17,100,000$17,100,000$17,100,000
80$18,850,298$17,943,998$17,678,948$19,537,203
81$20,711,766$18,761,992$18,209,930$20,844,494
82$22,761,174$19,618,137$18,756,771$22,254,713
83$25,017,631$20,514,243$19,319,940$23,782,293
84$27,502,193$21,452,204$19,899,922$25,438,172
85$30,238,063$22,434,008$20,497,215$27,234,357
86$33,250,806$23,461,736$21,112,333$29,184,040
87$36,568,596$24,537,569$21,745,804$31,301,708
88$40,222,476$25,663,793$22,398,172$33,603,281
89$44,246,655$26,842,805$23,069,996$36,106,249
90$48,678,826$28,077,115$23,761,853$38,829,835
91$53,560,528$29,369,355$24,474,337$41,795,168
92$58,937,531$30,722,283$25,208,057$45,025,474
93$64,860,275$32,138,790$25,963,642$48,546,288
94$71,384,339$33,621,907$26,741,740$52,385,686
95$78,570,969$35,174,808$27,543,016$56,574,546
96$86,487,656$36,800,822$28,368,156$61,146,822
97$95,208,773$38,503,438$29,217,865$66,139,866
98$104,816,274$40,286,312$30,092,869$71,594,760
99$115,400,471$42,153,278$30,993,917$77,556,704
100$127,060,883$44,108,353$31,921,777$84,075,422