Can I retire at age 80 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,325,315
2 years$707,237$694,065$681,300$668,923$656,917$602,964
3 years$466,808$453,579$440,846$428,585$416,775$364,779
4 years$346,617$333,429$320,823$308,772$297,248$247,603
5 years$274,521$261,412$248,972$237,166$225,963$178,797
6 years$226,473$213,463$201,206$189,664$178,797$134,141
7 years$192,166$179,266$167,203$155,933$145,410$103,248
8 years$166,448$153,664$141,802$130,808$120,631$80,921
9 years$146,455$133,792$122,134$111,420$101,589$64,271
10 years$130,471$117,931$106,479$96,045$86,559$51,561
11 years$117,401$104,987$93,742$83,588$74,444$41,686
12 years$106,517$94,231$83,194$73,318$64,511$33,906
13 years$97,315$85,157$74,328$64,729$56,255$27,710
14 years$89,434$77,405$66,784$57,459$49,313$22,734
15 years$82,611$70,711$60,297$51,243$43,419$18,709
16 years$76,646$64,876$54,668$45,883$38,374$15,435
17 years$71,388$59,749$49,746$41,225$34,025$12,760
18 years$66,719$55,210$45,412$37,152$30,253$10,566
19 years$62,547$51,168$41,572$33,570$26,965$8,761
20 years$58,797$47,548$38,153$30,404$24,086$7,273
21 years$55,409$44,289$35,093$27,594$21,554$6,043
22 years$52,332$41,342$32,344$25,089$19,320$5,025
23 years$49,527$38,667$29,864$22,849$17,343$4,182
24 years$46,960$36,228$27,619$20,840$15,588$3,481
25 years$44,602$33,998$25,581$19,032$14,027$2,900
26 years$42,429$31,953$23,725$17,402$12,635$2,416
27 years$40,420$30,071$22,031$15,928$11,392$2,014
28 years$38,558$28,336$20,480$14,594$10,279$1,679
29 years$36,827$26,732$19,059$13,383$9,282$1,400
30 years$35,215$25,246$17,752$12,282$8,386$1,167
31 years$33,710$23,865$16,550$11,280$7,582$974
32 years$32,302$22,581$15,442$10,367$6,859$812
33 years$30,982$21,385$14,418$9,533$6,207$678
34 years$29,742$20,268$13,471$8,771$5,620$565
35 years$28,576$19,224$12,595$8,074$5,090$472
36 years$27,476$18,246$11,782$7,436$4,612$394
37 years$26,439$17,330$11,028$6,852$4,180$329
38 years$25,459$16,470$10,327$6,315$3,789$274
39 years$24,531$15,661$9,675$5,823$3,436$229
40 years$23,652$14,900$9,069$5,371$3,117$191
41 years$22,818$14,184$8,503$4,955$2,828$159
42 years$22,025$13,508$7,977$4,573$2,566$133
43 years$21,272$12,870$7,485$4,222$2,329$111
44 years$20,555$12,268$7,026$3,898$2,114$93
45 years$19,872$11,699$6,597$3,600$1,919$77
46 years$19,220$11,160$6,196$3,325$1,742$65
47 years$18,598$10,650$5,821$3,072$1,582$54
48 years$18,003$10,167$5,470$2,839$1,437$45
49 years$17,435$9,709$5,142$2,624$1,305$38
50 years$16,891$9,274$4,834$2,425$1,185$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $17,300,000, adding $6,753 every year, while hoping to spend $47,851 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: 62/21/17 Blend
79$17,300,000$17,300,000$17,300,000$17,300,000
80$19,071,566$18,154,666$17,886,516$20,171,767
81$20,965,952$18,993,331$18,434,801$21,751,754
82$23,051,963$19,871,488$18,999,850$23,469,852
83$25,349,092$20,791,019$19,582,174$25,344,349
84$27,878,821$21,753,902$20,182,299$27,390,449
85$30,664,824$22,762,205$20,800,768$29,624,878
86$33,733,182$23,818,100$21,438,141$32,066,033
87$37,112,641$24,923,861$22,094,993$34,734,156
88$40,834,872$26,081,872$22,771,917$37,651,518
89$44,934,779$27,294,634$23,469,526$40,842,621
90$49,450,821$28,564,765$24,188,449$44,334,433
91$54,425,378$29,895,012$24,929,336$48,156,628
92$59,905,154$31,288,255$25,692,856$52,341,867
93$65,941,611$32,747,511$26,479,698$56,926,099
94$72,591,460$34,275,944$27,290,572$61,948,891
95$79,917,193$35,876,869$28,126,211$67,453,800
96$87,987,676$37,553,764$28,987,368$73,488,777
97$96,878,793$39,310,273$29,874,819$80,106,608
98$106,674,171$41,150,217$30,789,366$87,365,413
99$117,465,960$43,077,602$31,731,833$95,329,181
100$129,355,708$45,096,625$32,703,070$104,068,367