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

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,363,419
2 years$707,237$694,065$681,300$668,923$656,917$640,704
3 years$466,808$453,579$440,846$428,585$416,775$400,960
4 years$346,617$333,429$320,823$308,772$297,248$281,952
5 years$274,521$261,412$248,972$237,166$225,963$211,232
6 years$226,473$213,463$201,206$189,664$178,797$164,649
7 years$192,166$179,266$167,203$155,933$145,410$131,849
8 years$166,448$153,664$141,802$130,808$120,631$107,658
9 years$146,455$133,792$122,134$111,420$101,589$89,198
10 years$130,471$117,931$106,479$96,045$86,559$74,741
11 years$117,401$104,987$93,742$83,588$74,444$63,189
12 years$106,517$94,231$83,194$73,318$64,511$53,808
13 years$97,315$85,157$74,328$64,729$56,255$46,089
14 years$89,434$77,405$66,784$57,459$49,313$39,671
15 years$82,611$70,711$60,297$51,243$43,419$34,285
16 years$76,646$64,876$54,668$45,883$38,374$29,731
17 years$71,388$59,749$49,746$41,225$34,025$25,858
18 years$66,719$55,210$45,412$37,152$30,253$22,544
19 years$62,547$51,168$41,572$33,570$26,965$19,697
20 years$58,797$47,548$38,153$30,404$24,086$17,241
21 years$55,409$44,289$35,093$27,594$21,554$15,116
22 years$52,332$41,342$32,344$25,089$19,320$13,270
23 years$49,527$38,667$29,864$22,849$17,343$11,663
24 years$46,960$36,228$27,619$20,840$15,588$10,262
25 years$44,602$33,998$25,581$19,032$14,027$9,037
26 years$42,429$31,953$23,725$17,402$12,635$7,965
27 years$40,420$30,071$22,031$15,928$11,392$7,025
28 years$38,558$28,336$20,480$14,594$10,279$6,199
29 years$36,827$26,732$19,059$13,383$9,282$5,474
30 years$35,215$25,246$17,752$12,282$8,386$4,835
31 years$33,710$23,865$16,550$11,280$7,582$4,273
32 years$32,302$22,581$15,442$10,367$6,859$3,778
33 years$30,982$21,385$14,418$9,533$6,207$3,341
34 years$29,742$20,268$13,471$8,771$5,620$2,955
35 years$28,576$19,224$12,595$8,074$5,090$2,615
36 years$27,476$18,246$11,782$7,436$4,612$2,314
37 years$26,439$17,330$11,028$6,852$4,180$2,049
38 years$25,459$16,470$10,327$6,315$3,789$1,814
39 years$24,531$15,661$9,675$5,823$3,436$1,606
40 years$23,652$14,900$9,069$5,371$3,117$1,422
41 years$22,818$14,184$8,503$4,955$2,828$1,260
42 years$22,025$13,508$7,977$4,573$2,566$1,116
43 years$21,272$12,870$7,485$4,222$2,329$989
44 years$20,555$12,268$7,026$3,898$2,114$876
45 years$19,872$11,699$6,597$3,600$1,919$776
46 years$19,220$11,160$6,196$3,325$1,742$688
47 years$18,598$10,650$5,821$3,072$1,582$609
48 years$18,003$10,167$5,470$2,839$1,437$540
49 years$17,435$9,709$5,142$2,624$1,305$479
50 years$16,891$9,274$4,834$2,425$1,185$424

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 $5,870 every year, while hoping to spend $53,162 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: 51/39/10 Blend
79$17,300,000$17,300,000$17,300,000$17,300,000
80$19,070,655$18,153,755$17,885,605$19,992,998
81$20,959,298$18,986,725$18,428,209$21,455,972
82$23,038,800$19,858,729$18,987,208$23,039,345
83$25,328,574$20,771,623$19,563,096$24,759,372
84$27,850,010$21,727,353$20,156,380$26,628,925
85$30,626,676$22,727,958$20,767,584$28,662,138
86$33,684,545$23,775,576$21,397,246$30,874,539
87$37,052,236$24,872,447$22,045,921$33,283,185
88$40,761,285$26,020,918$22,714,181$35,906,820
89$44,846,443$27,223,450$23,402,613$38,766,043
90$49,346,004$28,482,623$24,111,825$41,883,494
91$54,302,165$29,801,140$24,842,439$45,284,058
92$59,761,425$31,181,835$25,595,100$48,995,096
93$65,775,023$32,627,678$26,370,468$53,046,688
94$72,399,423$34,141,781$27,169,226$57,471,912
95$79,696,845$35,727,410$27,992,076$62,307,146
96$87,735,853$37,387,983$28,839,741$67,592,398
97$96,592,003$39,127,087$29,712,966$73,371,675
98$106,348,554$40,948,481$30,612,517$79,693,389
99$117,097,255$42,856,105$31,539,184$86,610,797
100$128,939,209$44,854,088$32,493,781$94,182,497