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%16.3%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,328,458
2 years$699,060$686,041$673,423$661,189$649,323$614,174
3 years$461,411$448,335$435,749$423,630$411,957$377,879
4 years$342,609$329,574$317,114$305,202$293,811$261,065
5 years$271,347$258,390$246,093$234,424$223,351$192,028
6 years$223,855$210,995$198,880$187,471$176,730$146,861
7 years$189,945$177,193$165,270$154,130$143,729$115,316
8 years$164,524$151,887$140,162$129,296$119,237$92,267
9 years$144,762$132,245$120,722$110,132$100,415$74,865
10 years$128,962$116,568$105,248$94,934$85,558$61,397
11 years$116,044$103,773$92,659$82,621$73,583$50,774
12 years$105,286$93,141$82,232$72,470$63,765$42,269
13 years$96,190$84,173$73,469$63,980$55,605$35,377
14 years$88,400$76,511$66,012$56,794$48,743$29,738
15 years$81,655$69,894$59,600$50,651$42,917$25,087
16 years$75,759$64,126$54,036$45,352$37,930$21,226
17 years$70,563$59,058$49,171$40,749$33,631$18,004
18 years$65,948$54,572$44,887$36,723$29,904$15,302
19 years$61,824$50,577$41,092$33,182$26,654$13,029
20 years$58,117$46,998$37,712$30,053$23,808$11,109
21 years$54,768$43,777$34,688$27,275$21,305$9,484
22 years$51,727$40,864$31,970$24,799$19,097$8,105
23 years$48,955$38,220$29,519$22,585$17,143$6,932
24 years$46,417$35,809$27,300$20,599$15,408$5,934
25 years$44,086$33,605$25,285$18,812$13,865$5,083
26 years$41,938$31,584$23,451$17,201$12,489$4,356
27 years$39,953$29,724$21,776$15,744$11,260$3,735
28 years$38,112$28,009$20,244$14,425$10,160$3,204
29 years$36,402$26,423$18,838$13,228$9,174$2,749
30 years$34,808$24,954$17,547$12,140$8,290$2,360
31 years$33,320$23,589$16,359$11,150$7,495$2,026
32 years$31,928$22,320$15,263$10,247$6,779$1,740
33 years$30,624$21,138$14,251$9,423$6,135$1,494
34 years$29,398$20,034$13,315$8,670$5,555$1,283
35 years$28,245$19,002$12,449$7,981$5,031$1,103
36 years$27,159$18,035$11,646$7,350$4,559$947
37 years$26,133$17,130$10,900$6,772$4,132$814
38 years$25,164$16,279$10,208$6,242$3,746$700
39 years$24,247$15,480$9,563$5,756$3,397$601
40 years$23,378$14,728$8,964$5,309$3,081$517
41 years$22,554$14,020$8,405$4,898$2,795$444
42 years$21,771$13,352$7,884$4,520$2,536$382
43 years$21,026$12,722$7,398$4,173$2,302$328
44 years$20,317$12,126$6,945$3,853$2,089$282
45 years$19,642$11,564$6,521$3,558$1,897$243
46 years$18,998$11,031$6,125$3,287$1,722$209
47 years$18,383$10,527$5,754$3,037$1,564$179
48 years$17,795$10,049$5,407$2,806$1,420$154
49 years$17,233$9,597$5,082$2,593$1,290$133
50 years$16,696$9,167$4,778$2,397$1,172$114

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 $3,473 every year, while hoping to spend $41,186 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: 46/28/26 Blend
79$17,100,000$17,100,000$17,100,000$17,100,000
80$18,847,782$17,941,482$17,676,432$19,573,676
81$20,726,435$18,776,793$18,224,771$20,921,981
82$22,795,329$19,651,654$18,790,099$22,379,714
83$25,073,827$20,567,960$19,372,942$23,960,582
84$27,583,263$21,527,695$19,973,841$25,676,128
85$30,347,146$22,532,943$20,593,355$27,539,032
86$33,391,382$23,585,885$21,232,060$29,563,221
87$36,744,519$24,688,809$21,890,550$31,763,999
88$40,438,013$25,844,114$22,569,436$34,158,180
89$44,506,529$27,054,313$23,269,351$36,764,245
90$48,988,264$28,322,044$23,990,943$39,602,505
91$53,925,311$29,650,068$24,734,884$42,695,291
92$59,364,054$31,041,283$25,501,864$46,067,153
93$65,355,608$32,498,726$26,292,597$49,745,084
94$71,956,298$34,025,581$27,107,816$53,758,770
95$79,228,192$35,625,186$27,948,280$58,140,858
96$87,239,688$37,301,041$28,814,768$62,927,260
97$96,066,159$39,056,815$29,708,085$68,157,476
98$105,790,662$40,896,354$30,629,061$73,874,964
99$116,504,727$42,823,692$31,578,552$80,127,534
100$128,309,213$44,843,057$32,557,437$86,967,796